Factors Influencing the Effective Responsibility of the Boards under the Good Corporate Governance of Thai Listed Firm
Keywords:
Good corporate governance, Top management support, MIS competency, Competitive pressure, Regulation force, Effective responsibility of the boardsAbstract
The objective of this research was to study the factors influencing the effective responsibility of the boards, which are one component of the effectiveness of corporate governance of listed companies in the Stock Exchange of Thailand. It consists of four factors, including top management support, MIS competency, competitive pressure, and regulation forces. The questionnaire was used as a tool to collect information from the executives of 143 firms listed on the Stock Exchange of Thailand. The statistics used for data analysis were Pearson's correlation coefficient and using multiple regression analysis to test the hypothesis. The results showed that MIS competency, competitive pressure, and regulation forces had a statisticallly significant positive influence on the effective responsibility of the boards of listed firms on the Stock Exchange of Thailand under good corporate governance. However, top management support had no effect on the effective responsibility of the boards of listed firms on the Stock Exchange of Thailand. Finally, the results of this research provide information on the ways to improve corporate governance effectiveness by improving the MIS competency, responding to competitive pressures, and complying with related regulations forces.
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