THE The Relation Between Corporate Governance and Corporate Characteristics Affects the Profitability of Companies Listed on The Company on The Stock Exchange of Thailand (SET 100)

Abstract

This research aims to study the relationship between corporate governance and the characteristics of the entity pass on the profit-management ability of the companies listed on the market. The Stock Exchange of Thailand (SET 100) with a limited study scope for the year 2017 to 2021 of 88 companies using financial statements information from the SETSAMRT and a supervisory assessment form. Business administration from the annual registration statement (From 56-1) of the Thai Institute of Directors Association. Performance was measured by the variables studied including Gross profit ratio, Net profit ration, return on total assets and Ratio return on equity was used to analyze the correlation path with statistical significance at the 0.05 level by using Descriptive statistical Analysis method, Correlation coefficient analysis and Multiple regression analysis. The results of the study showed that 1) The proportion of the position of the Chairman of the Board of Directors and the Chief Executive Officer, The proportion of major shareholders and size of business It is related to gross margin ration is significantly positive, but the size of the board and the type of business group had a significant negative relationship, 2) The shareholding proportion of the major shareholder have a relationship with a significantly positive net profit margin but the size of the board have a relationship, 3) The size of the business was significantly correlated with the rate of return on total assets, 4) No relationship between the return on equity ratio was found of shareholders and corporate governance.