THE MEDIATING EFFECT OF CSR REPORTING ON THE RELATIONSHIP OF BOARD STRUCTURE AND FINANCIAL PERFORMANCE: A CASE OF THE STOCK EXCHANGE OF THAILAND อิทธิพลส่งผ่านของความรับผิดชอบต่อสังคมและสิ่งแวดล้อมที่มีต่อความสัมพันธ์ระหว่างโครงสร้างผู้ถือหุ้นและผลการดำ

Sukritta Burinwattana


The purpose of this research is to study the mediating effect of corporate social reporting (CSR) on the relationship between board structure characteristics (board size, CEO duality, and audit committee meeting frequency) and the firm’s financial performance (return on equity). Data was collected from a sample of non-financial and property firms on the Stock Exchange of Thailand (SET) during the 2016 reporting year (n = 359). Structural equation modelling was used to test relationships. The analysis showed that board size and audit committee meeting frequency had an effect on CSR reporting, while CEO duality and CSR reporting had an effect on the firm’s ROE. The effects analysis showed that the effects of board size and audit committee meeting frequency were partially or fully mediated by CSR reporting. Thus, this study concludes that there is a mediating effect of CSR reporting on some board structure characteristics and the firm’s financial performance.


Board structure, Corporate governance, CSR disclosure, Financial performance

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