The Relationship between Corporate Governance and Performance Measures of Companies Listed in the Stock Exchange of Thailand's Set100

10 Pages Posted: 29 May 2018

Date Written: January 1, 2018

Abstract

The objective of this research is to study the Relationship between Corporate Governance and Performance Measures of Companies Listed in The Stock Exchange of Thailand’s SET100 by collecting the data on the corporate governance, rate of return on assets, earnings per share, and Tobin's Q from SET SMART in 2016, except for financial business group due to their different business lines and financial structure. The sample group consists of 86 companies. The research methodology was Empirical Research using the Descriptive Statistics. The hypothesis testing is done with the Inferential Statistics of multiple regression analysis. The results are analyzed using Adjusted R2 as a measure of corporate governance with the rate of return on assets, earnings per share and Tobin's Q. All the tests use a statistically significant level of 0.05. The findings reveal that 1) Corporate governance and financial risk have negative impact on the rate of return on assets significantly, 2) Corporate Governance on the proportion of independent directors and size of business has a positive influence on earnings per share. For the financial risk, there is negative impact on earnings per share significantly, 3) Corporate governance on the size of the business has negative influence on the value of business significantly.

Keywords: Corporate Governance, Performance Measures, SET100

Suggested Citation

Pasopa, Pitchanan, The Relationship between Corporate Governance and Performance Measures of Companies Listed in the Stock Exchange of Thailand's Set100 (January 1, 2018). Asian Administration & Management Review, Vol. 1, No. 1, 2018, Available at SSRN: https://ssrn.com/abstract=3185248

Pitchanan Pasopa (Contact Author)

Kasetsart University ( email )

Kasetsart University
Kamphaeng Saen, Nakhon Pathom 73140
Thailand

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