| Research Title |
The Relationship between Board and Shareholders Structure and Cost of Capital on Performance of Listed companies in the Stock Exchange of Thailand |
| Date of Distribution |
6 January 2022 |
| Conference |
| Title of the Conference |
SIBR 2022 Tokyo Conference On Interdisciplinary Business & Economics Research |
| Organiser |
Society of Interdisciplinary Business Research (SIBR) |
| Conference Place |
Hotel MyStays Ochanomizu |
| Province/State |
Tokyo, Japan |
| Conference Date |
6 January 2022 |
| To |
7 January 2022 |
| Proceeding Paper |
| Volume |
11 (2022) |
| Issue |
1 (January) |
| Page |
t22-034 |
| Editors/edition/publisher |
Society of Interdisciplinary Business Research |
| Abstract |
The objectives of this study were as follows: 1. to develop and validate the coherence of a causal relationship model with empirical data and 2. to study the relationship model and compare the influence of board and shareholders structure on cost of capital and performance. Secondary data were collected over the period of 2016-2020. It was collected and qualified for the study from 156 listed with 780 data entries. This study then tested the research hypothesis using Structural Equation Modeling (SEM) by Path Analysis.
The results showed that the causal relationship model based on the hypothesis framework was consistent with the empirical data by percent of free float and board size had a relationship in the same direction as cost of debt. Meanwhile, percent of outside directors, percent of the audit committee in financial or accounting expertise, and percent of director meetings had a relationship in the opposite direction as cost of debt. Furthermore, the cost of debt had a relationship in the opposite direction as return on assets. The empirical findings shed light on the role corporate governance mechanisms based on board and shareholders structure plays in creditors' perception. At the same time, a lower cost of debt will lead to higher performance. |
| 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 |
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| Citation |
0
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Publication
Journal Publication
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