The Influence of Board Independence on Ability to Operate and Capital Structure through Corporate Governance Disclosure of Companies Listed on the Stock Exchange of Thailand

Authors

  • Senee Puangyanee Faculty of Business Administration and Information Technology, Rajamangala University of Technology Suvarnabhumi, Thailand

Keywords:

Board, Capital Structure, CG

Abstract

The objective of this study is to investigate the influence of board structure on corporate governance, profitability and capital structure of 254 listed companies in the stock exchange of Thailand. By analyzing data based on Multiple Indicators and Multiple Causes (MIMIC) Model. The findings reveal a harmony between hypothetical assumption and empirical analysis with the results of statistical tests. It can be concluded that the research, board structure of independent director (BSOI) and director's relative (DTRT) has a positive influence on corporate governance disclosure (CGRD) at coefficient value of 0.26 with a significance level of .05 and 0.27 with a significance level of .01 . Also, corporate governance disclosure (CGRD) positively effect on profitability (PFBR) and capital structure (CPTS) at coefficient values of 0.33 with a significance level of .05 and 0.20 with a significance level of .01 respectively.

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Published

2019-09-26

How to Cite

Puangyanee, S. (2019). The Influence of Board Independence on Ability to Operate and Capital Structure through Corporate Governance Disclosure of Companies Listed on the Stock Exchange of Thailand. Asian Interdisciplinary and Sustainability Review, 7(1), 182–190. Retrieved from https://so05.tci-thaijo.org/index.php/PSAKUIJIR/article/view/218134

Issue

Vol. 7 No. 1 (2018): PSAKU International Journal of Interdisciplinary Research

Section

Articles