General comment
-Researchhas blunt message, most are in the description of CSR—it is not a CORE of research finding. This research would be more interesting and fruitful, if it has come up with the assumption on the relationship between CSR and earning quality (Alsaadi, Ebrahim, & Jaafar, 2017) or CSR and disclosure (Gelb & Strawser, 2001) under the list of MAI
Objective
-Unclear objective, so it has difficulty to find the link between what the aim of this work and what it has gotten, even though there is one paragraph said“ So, it is interesting to study that, in fact, the business sector in Thailand, especially listed companies in SET and MAI are companies in the area of the organization, which is an important driving force for conducting business with corporate social responsibility in Thailand. Finally what direction does corporate social responsibility have in realizing? What are some of the factors that contribute to such awareness?” What is awareness? Based on the recent work by Ali et al, (Ali, Frynas, Mahmood, Gelb, & Strawser, 2017), it found that main differences between the determinants of CSR disclosure in developed and developing countries. In developed countries, the concerns of specific stakeholders, for instance, regulators, shareholders, creditors, investors, environmentalists and the media are considered very important in disclosing CSR information. While, in developing countries, CSR reporting is more heavily influenced by the external forces/powerful stakeholders such as international buyers, foreign investors, international media and international regulatory bodies (e.g. the World Bank). (See Ali et at., 2017). Consequently, what is the surprising finding on the research?
Research background
-Research would be very worthwhile, if it has had more literature reviews in the area of CSR, more in international journals, some journals had meticulous details on the key factor of CSR disclosure (Alsaadi et al., 2017; Gelb & Strawser, 2001; Theodoulidis, Diaz, Crotto, & Rancati, 2017)
Research Methodology
-Methodology needs to be more revised, despite of that there is one paragraph quoted “a study of factors affecting the CSR of companies listed on the MAI. Population and Population Samples are companies listed on the MAI of 121 companies. Taro Yamane, 1973, p. 125 was used for the 95% confidence intervals. The error value was 0.05. The sample size of 93 samples was 2 persons, The top two executives involved in the CSR of the public limited company listed on the MAI included 186 samples with Rating Scale: Frequency, Percentage, Mean Deviation and Multiple Regression Analysis.” yet, research lacks the results, including variables and methods.
Research results
-Quite ambiguous on what those results came from. How it linked with what research’s methodology. It would be much better, if research should contribute more statistical details such as what variables in research are, statistical descriptive, and statistical models to support the results.
Conclusion
-In the absence of statistical details, it is hard to support what the conclusions are, meanwhile, research needs to have clear objective on what research aims for? The relationship between CSR and disclosure? Including determinants, which are the most influential ones? See (Ali et al., 2017)
Future Research Implication
-Research has absence to discuss about.
Management implication
-Research has absence to provide more details on what results (with clear statistical model) to explain what CSR disclosure will contribute on management
Specific recommendation
Author(s) would consult with these recent works related to topic of CSR
Ali, W., Frynas, J. G., Mahmood, Z., Gelb, D. S., & Strawser, J. A. (2017). Determinants of Corporate Social Responsibility (CSR) Disclosure in Developed and Developing Countries: A Literature Review. Corporate Social Responsibility and Environmental Management, 33(1), 1–13.
Alsaadi, A., Ebrahim, M. S., & Jaafar, A. (2017). Corporate Social Responsibility, Shariah-Compliance, and Earnings Quality. Journal of Financial Services Research, 51(2), 169–194.
Gelb, D. S., & Strawser, J. A. (2001). Corporate social responsibility and financial disclosures: An alternative explanation for increased disclosure. Journal of Business Ethics, 33(1), 1–13.
Theodoulidis, B., Diaz, D., Crotto, F., & Rancati, E. (2017). Exploring corporate social responsibility and financial performance through stakeholder theory in the tourism industries. Tourism Management, 62, 173–188.
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