Factors Related to Corporate Governance That affects the Performance of Companies Listed on The Stock Exchange of Thailand

Abstract

This article aims to study factors related to corporate governance that affect performance in terms of rate of return on equity, rate of return on total assets, and net profit margin. Use a quantitative research model. By studying secondary data of 493 companies, totaling 1,972 data from companies listed on the Stock Exchange of Thailand between 2019 and 2022, a total of 4 years, from annual reports. Annual financial statements (Form 56-1) and SETSMART statistics used in the research include: 1) descriptive statistics consisting of minimum values, maximum values, averages, and standard deviations; and 2) inferential statistics consisting of analysis of the Pearson correlation coefficient. and multiple regression analysis. The research results found that board size affects performance in terms of return on equity. and the Net Profit Margin The proportion of independent directors affects the performance of the net profit margin, and the proportion of the shareholding of the company's board of directors affects the performance in terms of return on total assets. According to this finding, good corporate governance will lead to better operating results and more trust from investors