Corporate Social Responsibility in Thailand: Analyzing the Application of the Buddhist Principles

Mmbali, Oscar S.; Assawasirisilp, Dhriwit

doi:10.1007/978-1-4939-6915-9_6

Cited by 3 publications

(4 citation statements)

References 57 publications

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“…One of the key factors that positively influences social entrepreneurial passion in Thailand is cultural context. Buddhism significantly influences the country’s culture; Thai culture values social harmony, community and the concept of “giving back” to society (Mmbali and Assawasirisilp, 2017). This context fosters a sense of social responsibility and encourages individuals to seek ways to contribute to the society.…”

Section: Conclusion and Discussionmentioning

confidence: 99%

Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy

Chiengkul,

Tantipanichkul,

Boonchom

et al. 2023

SEJ

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Purpose This study aims to examine the relationship between the institutional environment, entrepreneurial passion and entrepreneurial self-efficacy, which affect small- and medium-sized entrepreneurs’ social entrepreneurial intentions. Design/methodology/approach A self-administered survey was used to collect data from 600 owner-managers of tourism and hospitality businesses on the Khon Kaen-Nong Khai railway route. Structural equation modeling was used to test the hypotheses using a two-step modeling approach. Findings Normative and cognitive environments positively influence entrepreneurial passion. However, regulatory environment was not significantly related to entrepreneurial passion. Entrepreneurial passion relies on entrepreneurial self-efficacy, a major mechanism that creates social entrepreneurial intention. Interestingly, entrepreneurial self-efficacy fully mediated the relationship between entrepreneurial passion and intention. Originality/value This study provides an original contribution to social entrepreneurship in terms of the role of self-efficacy in mediating the relationship between entrepreneurial passion and intention. The findings enhance theoretical viewpoints and aid in the practical implementation of the roles of small- and medium-sized entrepreneurs in social enterprises, supporting the entrepreneurial sector.

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Section: Conclusion and Discussionmentioning

confidence: 99%

Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy

Chiengkul,

Tantipanichkul,

Boonchom

et al. 2023

SEJ

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show abstract

“…This is followed by a CSR promotion strategy or the First National CSR Strategy (2015–2017) introduced by the Ministry of Social Development and Human Security and approved by the Cabinet and the Thailand Sustainability Investment (THSI) list, created by the Stock Exchange of Thailand (SET) in 2015. Since then, studies on CSR in Thailand has progressively increased (Issarawornrawanich & Wuttichindanon, 2019; Janamrung & Issarawornrawanich, 2015; Mmbali & Assawasirisilp, 2017; Srinaruewan et al, 2015; Suttipun et al, 2021; Wuttichindanon, 2017).…”

Section: Review Of Related Literature and Hypotheses Developmentmentioning

confidence: 99%

“…Mmbali & Assawasirisilp, 2017;Srinaruewan et al, 2015;Suttipun et al, 2021;Wuttichindanon, 2017).2.2 | Board characteristics and CSR2.2.1 | Gender diversity and CSROne important aspect of board compositions is a role of female directors in corporate decision-making, in which board gender diversity is a key element of corporate disclosure, CSR activities, and social performance(Siciliano, 1996), as independence of a board is risen up due to differences in gender, ethnicity, perception, management styles, and cultural background(Carter et al, 2003) Konrad et al (2008). suggest "the magic number of three" female directors in a boardroom, which helps them to be more active and vocal in a meeting and improves benefits of multiple stakeholders of a company.…”

mentioning

confidence: 99%

Corporate social responsibility, board characteristics, and family business in Thailand

Padungsaksawasdi,

Treepongkaruna

2023

Corp Soc Responsibility Env

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Exploring the relationship between corporate social responsibility (CSR) strategy, family business, and board characteristics in Thailand provides invaluable insights into how boards of family businesses integrate CSR considerations, leading to responsible business practices and sustainable development in Thailand. Relying on the top 100 listed firms in the Stock Exchange of Thailand and the Refinitiv's CSR strategy score, we find that family business firms or firms with CEO serving as the chairman of board engage less CSR strategy, being consistent with the agency cost hypothesis and the expropriation view of family businesses. Additionally, in line with the resource dependency theory, female directors, independent directors, board tenure, and board size positively influence a firm's CSR. Additional analyses including the Heckman's sample selection bias and 2SLS instrumental variable approaches show that our results are robust and are not driven by unobserved heterogeneity. More importantly, gender diversity is an exemplary governance mechanism as it is the only board characteristic with a positive effect on CSR in both family and non‐family sub‐samples. While board tenure is positively associated with CSR in the non‐family business sample, larger board size and more board independence in the family business positively influence a firm's CSR. Findings from the family business sample support the functional view of board and socioemotional wealth of family firms.

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“…In addition, annual CSR awards have been held by SET since 2006, and a year later, it launched a CSR Institute (CSRI), as well (Srisuphaolarn, 2013). Their activities have largely contributed on CSR development in Thailand, by encouraging good corporate-governance practices including CSR (Mmbali and Assawasirisilp 2017).…”

Section: The Domestic Company-centered Promotionmentioning

confidence: 99%

Localization of Corporate Social Responsibility Strategy of Korean Multinational Corporations in Southeast Asia: A Comparative Study of Thailand and Vietnam

Bang

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This study aims to explore how the local environment influences Corporate Social Responsibility (CSR) of Korean Multinational Corporations (Korean MNCs) operating in Southeast Asia. In-depth interviews were conducted with executives of five Korean MNCs operating in Thailand and Vietnam. All interviewed companies had the character of weak CSR structure and unsystematic CSR approach in common. Within these organizational limitations, different domestic environment between the two countries affected their CSR development. The interviewed companies in Vietnam performed strategic CSR, which responded to the social issues and the requirement of host country, under the greater pressure on CSR from the Vietnamese society. There were various external forces in CSR decision-making channel, and they recognized the local government as the object of solidarity and cooperation in CSR. In Thailand, the interviewed companies accepted CSR as a part of the culture, which is on voluntary basis and donation-centered, or did not receive any influence from the domestic environment. As a result, their CSR performance have been mostly ‘responsive CSR’, which means one-off event or short-term philanthropy. Consequently, the result revealed that the different domestic factors, such as the government’s policy, social pressure and culture regarding CSR, largely affect CSR strategy and activities of Korean MNCs in Thailand and Vietnam.

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Corporate Social Responsibility in Thailand: Analyzing the Application of the Buddhist Principles

Cited by 3 publications

References 57 publications

Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy

Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy

Corporate social responsibility, board characteristics, and family business in Thailand

Localization of Corporate Social Responsibility Strategy of Korean Multinational Corporations in Southeast Asia: A Comparative Study of Thailand and Vietnam

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