Relationship between Corporate Governance and Business Values of Listed Companies in the Stock Exchange of Thailand

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Published: Apr 29, 2022
Keywords:
Corporate Governance Business Values Stock Exchange of Thailand

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Penjan Seangarvut
Faculty of Accounting, Tapee University
Punyapon Tepprasit
MPV Consoultant Co., Ltd
Ratchanee Binyasen
The Dynamic Coaching Co., Ltd.
Panpen Sittipatana
Rajapruk University
Jackraphan Phongpetra
Rajapruk University

Abstract

     The purpose of this research was to study the relationship between corporate governance and business value of the listed companies on the Stock Exchange of Thailand. Using a quantitative research method. Collected data from a sample of 240 companies from the annual report (Form 56-1) and the database from SETSMART of the Stock Exchange of Thailand with consecutive operating results during the year 2015 - 2019, totaling 5 years. The results showed that corporate governance consisting of the structure of the Board of Directors and directors' remuneration influences the business value of listed companies on the Stock Exchange of Thailand. The company with a good corporate governance structure and strong will reduce agent problems. Causing audits and follow-up on performance in accordance with the objectives and create value for the business, making the market value higher.

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Seangarvut, P., P. Tepprasit, R. Binyasen, P. Sittipatana, and J. Phongpetra. “Relationship Between Corporate Governance and Business Values of Listed Companies in the Stock Exchange of Thailand”. Mahachula Academic Journal, vol. 9, no. 1, Apr. 2022, pp. 10-20, https://so04.tci-thaijo.org/index.php/JMA/article/view/256065.
Issue
Vol. 9 No. 1 (2022): Vol. 9 No. 1 January - April 2022
Section
Research Articles
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