Findings – The research showed, in aggregate, a trend of increasing amounts of corporate social
disclosure, although the five-year trends varied within different industries. CSR among Thai
companies was found to be primarily focused on human resources, providing “declarative” good news
disclosures. Legitimacy theory, political economy theory and economic conditions were used to
present explanations for the trends. The study concluded that while no single perspective can explain
the disclosure of CSR, the empirical findings demonstrate that the key areas of company social
exposure are reflected by CSR.
Findings – The research showed, in aggregate, a trend of increasing amounts of corporate social
disclosure, although the five-year trends varied within different industries. CSR among Thai
companies was found to be primarily focused on human resources, providing “declarative” good news
disclosures. Legitimacy theory, political economy theory and economic conditions were used to
present explanations for the trends. The study concluded that while no single perspective can explain
the disclosure of CSR, the empirical findings demonstrate that the key areas of company social
exposure are reflected by CSR.
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