THE RELATIONSHIP BETWEEN GOOD CORPORATE GOVERNANCE AND PERFORMANCE OF LISTED COMPANIES IN THE STOCK EXCHANGE OF THAILAND (SET 100)
Keywords:
Good Corporate Governance, Performance, Company Listed on the Stock Exchange of ThailandAbstract
This study of the relationship between good corporate governance mechanisms and the performance of companies listed on the Stock Exchange of Thailand (SET 100) aims to examine the relationship between good corporate governance and the company’s performance.Corporate governance is a system of supervision to ensure that a business is efficiently operated for the benefit of the shareholders by taking the stakeholders into consideration. Therefore, the objective of this research is to conduct a study on the relationship between good corporate governance and a company’s performance by assessing the views on the characteristics of the Board of Directors in accordance with the concept of good corporate governance, divided into four factors, namely the size of the Board of Directors, the proportion of independent directors, as well as the various types of auditors, and risk factors. The controlled variable is the size of the company for 417 companies listed on the Stock Exchange of Thailand (SET 100) from 2013 to 2017. For the statistics, multiple regression analysis was used. The findings of the study indicate that risk is the only factors that related to company performance. While the size of the Board of Directors, the proportion of independent directors, and types of auditors are not related to the company’s performance for the Stock Exchange of Thailand. The results of this study can be applied to the planning for the decision making processes concerned with the making of investments.
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