Earnings Quality, Corporate Governance Structure and Corporate Social Performance of Manufacturing Companies Listed on the Stock Exchange of Thailand

Chutima Nakprasit, Prasobrerk Rattanayong
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引用次数: 1

Abstract

The objective of this study is to investigate the relationship between earnings quality, corporate governance structure and corporate social performance (CSP) emphasizing on 317 manufacturing companies listed on the Stock Exchange of Thailand (SET). Earnings quality is calculated from four measurements while corporate governance structure is represented by ownership concentration, foreign ownership, board independence and CEO duality. In this study, CSP disclosure index is constructed in accordance with Thai institution guideline based on GRI (Global Reporting Initiative) framework in order to assess the extent of CSP. Regression analysis reveals a significant positive relationship between earnings quality and CSP. The result also indicates a significant positive relationship between ownership concentration and CSP. It implies that ethical and transparent character of Thai companies and ownership concentration contributes to CSP commitment.
泰国证券交易所上市制造业公司盈余质量、公司治理结构与公司社会绩效
本研究以泰国证券交易所(SET) 317家制造业上市公司为研究对象,探讨盈余质量、公司治理结构与企业社会绩效(CSP)之间的关系。公司治理结构以股权集中度、外资持股、董事会独立性和CEO二元性为代表。本研究依据泰国基于GRI (Global Reporting Initiative,全球报告倡议组织)框架的机构指南,构建CSP披露指数,以评估CSP的程度。回归分析显示盈余质量与CSP之间存在显著的正相关关系。股权集中度与CSP之间存在显著的正相关关系。这意味着泰国公司的道德和透明特征以及所有权集中有助于CSP承诺。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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