| dc.description.abstract | This study aimed at studying corporate social performance and the relationship of
corporate social performance (CSP) to Institutional investors (INST) and firm performance
(ROA/Tobin’s Q) of listed companies in the Stock Exchange of Thailand in 8 groups of
industries. The Tobit Model was used for analysis. The significant level was determined at 0.05.
It was found from the study that business with maximum CSP was resources industry.
On relations, it was found that in non-financial industries, ROA/Tobin’s Q was positively
associated with CSP; however, CSP of resources industry and property & construction industry
caused the Tobin’s Q to decrease. For financial industries, it was found that CSP caused INST
and ROA/Tobin’s Q to increase, while the INST and Tobin’s Q also caused CSP to increase.
However, CSP of the large financial businesses caused ROA/Tobin’s Q to decrease. When
classifying CSP in social dimension (CSPS) and product’s quality dimension (CSPS), it was found
that ROA/Tobin’s Q caused CSPS to increase, and Tobin’s Q caused CSPP to increase in the
non-financial industries. Besides, it was found that INST and Tobin’s Q caused CSPS to
increase in financial industries. In addition, it was found that CSPS caused INST and Tobin’s Q
to increase; this was consistent with CSP in overall also. | en_US |
