ความสัมพันธ์ระหว่างลักษณะคณะกรรมการด้านสังคมและสิ่งแวดล้อมและการเปิดเผยข้อมูลด้านสังคมและสิ่งแวดล้อมในรายงานแบบบูรณาการของบริษัทจดทะเบียน ในตลาดหลักทรัพย์แห่งประเทศไทยกลุ่ม SET100

Abstract

This study aims to investigate the extent and pattern of integrated disclosure of Top100 listed companies from the Stock Exchange of Thailand (SET), to test the different level of integrated disclosure between the groups of interest, and to examine the relationship between environmental and social committee and integrated disclosure in annual reports of Top100 listed companies. The samples used in this study are Top100 listed companies of the SET from seven industries during 2018 to 2021. Integrated disclosure is qualify and quantify by scoring within 42 scores, while environmental and social committee is measured by size of committee, female committee, meeting frequency, dual position, and independent committee. Descriptive analysis, independent sample t-test, correlation matrix, and multiple regression are used to analyze the data in this study. As the results, the average scores of integrated disclosure are 29.52 scores in year 2018, 29.07 scores in year 2019, 30.93 scores in year 2020, and 32.44 scores in year 2021. Moreover, there is a positively significant relationship between independent committee and integrated disclosure, while dual position has negative influenced on integrated disclosure. However, there is no relationship between size of committee, female committee, meeting frequency, and integrated disclosure. The results of this study provide some contributions and implications. For example, legitimacy theory can be used to demonstrate that environmental and social committee can influence and affect corporate integrated disclosure of Top100 listed companies in Thailand as well as the other countries. This is because the integrated disclosure can reduce conflict of interest between corporations and their stakeholders by committee’ consideration, and can close information asymmetry problem. However, some limitations need to be mentioned. This study uses only the SET, while there is another capital market in Thailand namely the Market for Alternative Investment (mai). The proxies of environmental and social committee are stated as limitation because there are only five proxies of committee’s variable, while there are several proxied that can be measured as corporate board committee.