Download or read book Factors that Determine Corporate Governance in Thailand written by Chatrudee Jongsureyapart and published by . This book was released on 2006 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim in this study is to discover the nature and extent of corporate governance structures and practices in listed companies in Thailand. This includes a consideration of theoretical underpinning for amendments made to the western models of corporate governance that have been implemented by Thai listed companies, and of the effect of corporate governance principles on financial information, including financial reports, used by stakeholders in Thai listed companies. This study also involves the investigation of the variables for performance measurement related to corporate governance, and recommendation of measures for strengthening corporate governance in Thailand.
Download or read book Corporate Governance in Thailand written by Sakulrat Montreevat and published by Institute of Southeast Asian Studies. This book was released on 2006 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thailand's currency crisis set off a national and regional economic meltdown in the closing years of the twentieth century. Written by Thai economists, this book gives a progress report on good corporate governance practices in listed non-financial companies, financial institutions, state-owned enterprises, and non-listed companies in Thailand.
Download or read book Corporate Governance of Listed Companies in Thailand written by Sakulrat Montreevat and published by Institute of Southeast Asian Studies. This book was released on 2006 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an understanding of corporate governance in the context of Thailand. It explains the background and scope of corporate governance in Thailand before and after the Asian financial crisis, and details the roles of the relevant agencies and the key elements of corporate governance for listed companies. The author reviews the assessments made by both local and international organizations and concludes by looking at the challenges ahead and offering policy recommendations for raising the level of corporate governance in Thailand.
Download or read book Thailand s Corporate Financing and Governance Structures written by Pedro Alba and published by World Bank Publications. This book was released on 1998 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: November 1998 Weaknesses in corporate governance and the fragile financial structure of many corporations contributed to, and deepened Thailand's recent financial crisis. Large corporations need to reduce their vulnerability to economic shocks and improve corporate governance; smaller firms should achieve a more stable funding structure. Alba, Claessens, and Djankov assess Thailand's policy options for reducing large corporations' vulnerability to economic shocks and improving their corporate governance - and for providing smaller firms a more stable funding structure. Using data for firms listed on Thailand's stock exchange, they empirically assess the relative importance of various factors determining the cost of capital, the availability of financing, and policies and distortions that affect corporate governance in nonfinancial firms. The empirical findings highlight weaknesses in corporate governance and the inherent risks in Thailand's corporate financing structures. They conclude that the most important ask in improving the structure of corporate financing and the framework for corporate governance is to change incentives. This will involve: * Accelerating legal reform, including reform of bankruptcy and foreclosure laws. * Improving bank monitoring of enterprise management and encouraging banks to develop more arm's-length relationships with firms. This will require greater transparency and disclosure of ownership relationships and stricter enforcement of insider and related lending limits, violation of which contributed poor intermediation and the recent crisis. * Improving disclosure and accounting practices. Self-regulatory agencies may need to play more of a role, possibly with more legal power to discipline violators. * Better enforcement of corporate governance rules. The formal structure for corporate governance is standard but enforcement is weak. * Facilitation of equity infusions. Investors - especially minority shareholders - may need to play a more direct role in monitoring and disciplining managers. To attract new infusions of equity, new equity owners may need more-than-proportional representation on the board of directors until other investor protection mechanisms are strengthened. * Improving the framework for corporate governance. A broad public discussion of corporate governance, similar to recent discussions in the United Kingdom and elsewhere, may be needed to clarify the distribution of control in the economy's real sector. * Strengthening institutions responsible for gathering and analyzing data on firms of all sizes and for monitoring firm performance and behavior. This paper-a product of the Economic Policy Unit, Finance, Private Sector, and Infrastructure Network-is part of a larger effort in the network to study the performance and financing structures of East Asian corporations.
Download or read book Form Versus Substance written by J. Thomas Connelly and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines how incentive conflicts and the quality of corporate governance practices in Thai family firms influence firm value. We hypothesize that the agency conflicts between majority and minority shareholders in Thai family-controlled and family-managed firms (Type II Agency Problem) are more serious than the incentive conflicts between insiders and shareholders in widely held and professionally managed companies (Type I Agency Problem) in Thailand. This is because of the weak protection for the rights of minority shareholders in Thailand and the opaque and poor governance practices that are facilitated by extra-contractual relationships between controlling families and directors. Supportive of our conjecture, we find that q values are significantly lower for firms with high family control and family management compared to q values for low family control and non-family managed firms. Further, we find, for our sample of Thai firms, that while conventional governance variables such as board size and independence have no association with q, a more in-depth assessment score, that better captures actual governance practices, has a positive association with q only for high family control and family-managed firms. We interpret our results to be consistent with the notion that family firms can compensate for any potential adverse impact of control on value through improvements in corporate governance practices.
Download or read book Corporate Governance in Asia written by Sang-Woo Nam and published by . This book was released on 2004 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book written by Price Waterhouse Management Consultants and published by . This book was released on 1997 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Factors of Good Governance Scores and Accounting Performance Affecting the P E Ratio for Listed Companies on the Stock Exchange of Thailand written by Thantip Setan and published by . This book was released on 2019 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this research is to study the factors of good governance scores and accounting performance affecting the P/E Ratio for listed companies in the Stock Exchange of Thailand. The research methodology is multiple regression analysis for the data analysis. The accounting performance is tested as the mediator variable according to Baron & Kenny's concept (1986) by using the sample group consisting of the listed companies in the Stock Exchange of Thailand from 2012-2016. The data used in the study are a total of 1,710 data. The results of the study conclude that the factors of good governance scores have positive influence on the price-to-earnings ratio. For testing the mediator variables, it is found that the accounting performance is not the mediator variable between the good corporate governance scores and price-to-earnings ratio at the statistical significance level of 0.05.
Download or read book Corporate Governance in Thailand written by Boonchai Hongcharu and published by . This book was released on 2000 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance in Thailand written by Kitipong Urapeepatanapong and published by . This book was released on 2006 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance Country Assessment written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Evaluation of Corporate Governance Disclosure written by Jittima Suphakasem and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis investigates corporate governance disclosure in companies' annual reports in relation to: 1) the robustness of the disclosure scoring methods and the sensitivity of association testing, and 2) the influence of corporate governance disclosure on market perceptions of a company. Companies listed in Malaysia, Singapore and Thailand for the financial year ending 2004 were chosen as samples in this study. This thesis employs both quantitative and qualitative methods of investigation. For the quantitative approach, theories related to corporate governance disclosure and environmental characteristics of Malaysia, Singapore and Thailand are employed to formulate testable hypotheses. To help validate and complement statistical findings, questionnaires and interviews with listed companies, investment analysts, external auditors and regulators have also been conducted. The contributions to knowledge are: 1) to contribute to theories on corporate governance disclosure, 2) to contribute a methodological extension to the understanding of factors influencing corporate governance disclosure and the impact of the disclosure on market perceptions of companies, 3) to understand corporate governance disclosure from different environmental perspectives such as culture and levels of economic and capital market developments, and 4) to provide possible suggestions for corporate governance codes or principles in relation to corporate governance disclosure. Key findings are: The regression results based on different scoring methods may bring out different sets of explanatory variables, suggesting that employing different scoring methods can help provide a clearer explanation/picture of corporate governance disclosure and its impact on market perceptions. Although financial disclosure theories can be applied to the area of corporate governance disclosure, the explanations of the theories should be interpreted with particular relevance to the context of corporate governance disclosure. Environmental determinism theory, which suggests that the environment in which companies operate can have an influence on their disclosure, is the dominant theory in explaining country differences in corporate governance disclosure.
Download or read book Information Flow and Corporate Governance in Thailand written by and published by . This book was released on 2009 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the relationship between information flow and corporate governance of Thai listed company during 2000-2007. The study uses corporate governance indices which capture major aspects of corporate governance that are board structure, conflict of interest, board responsibility, shareholder rights, and disclosure and transparency. The measurement of private information flow will use firm-specific return variation and Probability of information based trading (PIN) as alternatives of information flow. The results show that corporate governance is negatively related with private information flow. Strong corporate governance reduces private information flow relative to the public information. The better corporate governance will alleviate information based trading and reduce informational asymmetries. Moreover, this study indicates that board structure, conflict of interest , board responsibility are the sub-indices of corporate governance that have a negative relationship with private information flow while the rest sub-indices are not influence with information flow.
Download or read book Corporate Governance in Thailand written by Piman Limpaphayom and published by . This book was released on 2008 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is one four corporate governance country reports, part of a 2003 Asia Development Bank Institute (ADBI) project entitled Review of Corporate Governance in Crisis-Hit Asia. The country papers, covering Indonesia, Republic of Korea, Thailand, and Malaysia, are based on the examination of relevant regulatory frameworks as well as a firm-level questionnaire survey conducted in each country. The following issues are addressed: review of recent regulatory reform on corporate governance; shareholders' role in corporate governance and major constraints; effectiveness of the boards of directors; role of other stakeholders in corporate governance especially banks and employees; and an analysis of the relationship between corporate governance quality and firm performance.
Download or read book Corporate Governance in Thailand written by Monthita Srimongkol and published by . This book was released on 2003 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Structure and Firm Performance written by Arvin Ghosh and published by Routledge. This book was released on 2017-07-05 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital structure theory is one of the most dynamic areas of finance and forms the basis for modern thinking on the capital structure of firms. Much controversy has resulted from comparisons of the theory of capital structure originally developed by Franco Modigliani and Merton Miller to real-world situations. Two competing theories have emerged over the years, the optimal capital structure theory and the pecking order theory.Arvin Ghosh begins with an overview of the controversies regarding capital structure theories, and then statistically tests both the optimal capital structure and pecking order theories. Using the binomial approach he analyzes the determinants of capital structure while discussing the role of market power in determining capital structure decisions. Ghosh probes the questions of new stock offerings and stockholders' returns, and analyzes capital structure and executive compensation. He then looks into debt financing ownership structure, and the controversal relationship between capital structure and firm profitability. Finally, he discusses the latest developments in the field of capital structure.A concise overview of a major issue in business economics and finance, this volume provides a fuller understanding of capital structure influence on the financial performance of firms, and will certainly stimulate further debate. While hundreds of scholarly articles have been written on the subject this is the first book to test competing theories against measurements of firms' performance and their underlying capital structure.
Download or read book Valuing Corporate Governance in Politically Connected Firms written by Jananya Sthienchoak and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
