| Research Title |
Corporate Governance Mechanism and Performance of the Thai-listed Companies in the Market for Alternative Investment (MAI) |
| Date of Distribution |
3 October 2020 |
| Conference |
| Title of the Conference |
SIBR Conference on Interdisciplinary Business & Economics Research |
| Organiser |
Society of Interdisciplinary Business Research |
| Conference Place |
Online presentation |
| Province/State |
Kuala Lumpur/Malaysia |
| Conference Date |
2 October 2020 |
| To |
3 October 2020 |
| Proceeding Paper |
| Volume |
9 |
| Issue |
4 |
| Page |
u20-029 |
| Editors/edition/publisher |
Society of Interdisciplinary Business Research |
| Abstract |
This research aims to investigate the relationship of corporate governance mechanism and firm performance among Thai companies listed on market for alternative investment (mai) in context as emerging market and uses unbalanced panel data regression on 145 sample of Small and Medium Enterprises (SMEs) listed on mai covering 10 year period from 2009 to 2018. Random effects regression is preferred to estimate Tobin’s Q and ROA model.
With respect to results, there is partial support that board independence is significant negatively to firm performance, indicating over monitoring form having many independent directors on board have an effect to firm performance decreasing. In contrast with education level of directors that find a positive impact on Tobin’s Q. On the other hand, corporate governance proxies, namely board size, proportion of female directors, board compensation, CEO tenure and CEO duality are not related to firm performance.
Therefore, board should concern to encourage positive environment on board to enhance efficiency of work along with enhance straightforward work from having monitoring mechanism in proper level. Moreover, board should pay attention about encourage education quality of directors be higher.
Finally, the empirical results of this research contribute larger body study of corporate governance practice of SMEs listed on mai in Thailand as evidence to ensure the effect of corporate governance mechanism could enhance firm outcomes
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| Author |
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| Peer Review Status |
มีผู้ประเมินอิสระ |
| Level of Conference |
นานาชาติ |
| Type of Proceeding |
Full paper |
| Type of Presentation |
Oral |
| Part of thesis |
true |
| Presentation awarding |
false |
| Attach file |
|
| Citation |
0
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Publication
Journal Publication
ไทย