| Research Title |
The Impact of Ownership Structure and Dividend Policy on Firm Performance: Evidence from Listed Companies in the Stock Exchange of Thailand |
| Date of Distribution |
7 January 2021 |
| Conference |
| Title of the Conference |
The SIBR 2021 Tokyo Conference on Interdisciplinary Business & Economics Research |
| Organiser |
Society of Interdisciplinary Business Research |
| Conference Place |
Hotel MyStays Ochanomizu |
| Province/State |
Tokyo/Japan |
| Conference Date |
7 January 2021 |
| To |
8 January 2021 |
| Proceeding Paper |
| Volume |
10 |
| Issue |
1 |
| Page |
1-17 (t21-025) |
| Editors/edition/publisher |
|
| Abstract |
The objective of this study is to examine the impact of ownership structure on firm performance through dividend policy as a mediator variable: evidences from listed companies in the Stock Exchange of Thailand (SET) during 2015 – 2019. The analysis of a structural equation modeling (SEM) is employed to investigate the relationship. The empirical evidence indicates that the ownership structure has a negative indirect effect on the firm performance through dividend policy of the companies which can be concluded that the high proportion of ownership structure could affect the dividend payout and might lead to the decreasing of firm performance. Therefore, the agency supervising SET should use the results of this study for defining the guideline or measure on corporate governance for preventing the conflicts of interest among major shareholders, managers, and minor shareholders that may occur in the future. In addition, it will develop and promote the image as well as the competitiveness of the Thai Capital Market in the world stage to be reliable for both domestic and foreign investors. |
| Author |
|
| 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 |
1
|
|
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Publication
Journal Publication
ไทย