Good Corporate Governance Influences the Rate of Return on Assets of Companies Listed on The Stock Exchange of Thailand

Abstract

The determinants of good corporate governance influencer the rate of return on assets of Companies Listed on the Stock Exchange of Thailand have the aim to study the relationship between the determinants of good corporate governance the rate of return on assets and the determinants of good corporate governance influence the rate of return on assets. This study is quantitative, with an emphasis on descriptive research and data analysis utilizing inferential analysis. The examination of the relationship between variables. and hypothesis testing by doing multiple linear regression analysis to determine sample size. By collecting data from the SET-SMAR database using a data recording form, annual report document form 56-1, yearly financial statements for 242 enterprises, year 2022.

The study results indicate that effective corporate governance, emphasizing the role of stakeholders and sustainable business development, influences the asset return rate. Concurrently, it is found that shareholder rights and practices towards shareholders have an equal impact. Information disclosure, transparency, and board responsibility do not significantly affect the asset return rate. Therefore, registered companies must adhere to the principles of good corporate governance as defined by the stock market. This factor plays a crucial role in influencing business operations and provides investors with valuable guidelines for decision-making regarding investments in registered companies.