Corporate Social Responsibility: The Empirical Study of Listed Companies in the Stock Exchange of Thailand
Teeraporn Tongkachok, Akom Chaikeaw

Abstract
Listed companies in the Stock Exchange of Thailand (SET) are expected by the society to be high performance organizations. Their performances should not contain a negative effect on society and environment, and different needs of their stakeholders must be appropriately satisfied. Therefore, Corporate Social Responsibility(CSR) is perceived as being necessary. The objective of this study was to investigate influential factors affecting CSR of the listed companies. 260 listed companies in the Stock Exchange of Thailand(SET) were chosen as the study samples. Multi-stage sampling was used including stratified random sampling, proportion stratified sampling and purposive sampling. Concerning the research tool, a questionnaire was used. 228 of the listed companies (87%) returned the questionnaires. Multiple regression analysis was employed for data analysis. The results showed that the factor on transformational leadership contained the most positive influence on corporate social responsibility (b=.282, p<.001) followed by the factor on corporate governance (b=.204, p<.001) and the factor on stakeholder engagement (b=.167, p<.001), respectively. The multiple coefficient of determination (R2) was of .491.

Full Text: PDF