Author(s): Pennapa Wangtichob, Pattanant Petchchedchoo, Siridech Kumsuprom
This research aims to study the influence of corporate governance mechanisms, social responsibility disclosure, and earnings management on the performance of listed companies on the Stock Exchange of Thailand, using statistical analysis of model data, equations, structure, and path analysis. The results showed that corporate governance mechanisms have a positive influence on social responsibility disclosure by successfully implementing external CSRs, requiring effective and strong corporate governance mechanisms. Corporate governance mechanisms to have a negative influence on performance, meaning that good corporate governance has no effect on the firm's performance. Social responsibility to negative influence performance when more investing in community and social development, companies will be recognized by the community and society, but the firm's performance will be reduced as higher costs of CSR. Earnings management have a negative influence on performance, it can be explained by the agency theory that executives create personal utilities rather than shareholder benefits as support for the concept of managing executive profits increases, resulting in increased agency costs and resulting in lower performance. Meanwhile, a relative path analysis of data found that governance mechanisms and corporate social responsibility disclosure had no influence on earnings management as measured by the Yoon Model.