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The Impact of Good Corporate Governance on Thai Real Estate Companies' Firm Performance |
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| รหัสดีโอไอ | |
| Creator | Kanitpirom Wattanasan |
| Title | The Impact of Good Corporate Governance on Thai Real Estate Companies' Firm Performance |
| Contributor | Kamrul Hasan, Bhupesh Lohar, Rosario Cano Garcia, Chalee Phamonmontri |
| Publisher | St Teresa International University |
| Publication Year | 2568 |
| Journal Title | ASEAN Journal of Management & Innovation |
| Journal Vol. | 12 |
| Journal No. | 2 |
| Page no. | 63 - 73 |
| Keyword | Corporate Governance, Thai Real Estate Companies, Firm Performance |
| URL Website | https://so13.tci-thaijo.org/index.php/AJMI |
| Website title | AJMI -ASEAN Journal of Management & Innovation |
| ISSN | 2351-0307 |
| Abstract | The purpose of this study was to examine the impact of good corporate governance on Thai real estate companies' firm performance. This research was quantitative in nature. One respondent from each of the 1,047 registered real estate companies in Thailand made up the population used in this study. A sample size of 285 participants was obtained through the use of simple random sampling. The data collection instrument was a questionnaire created by the researchers. Multiple regression analysis, Pearson product moment correlation, VIF, mean, and S.D. were among the statistical techniques employed in the study. The results showed that: (1) Real estate companies had relatively high levels of corporate governance across all five aspects. (2) The real estate companies' firm performance, overall and in both aspects, was at a high level. (3) Good Corporate Governance and Its Impact on the Business Performance of Real Estate Companies in Thailand All variables of good corporate governance are statistically significantly correlated with business performance at the 0.01 level, with Pearson Correlation Coefficients (r) ranging from .591 to .633. This suggests that effective corporate governance mechanisms contribute to transparent and efficient management in real estate companies, fostering trust among shareholders, investors, stakeholders, and all related parties. The overall influence of good corporate governance is at a high level. Specifically, the dimensions of Integrity (X5), Accountability (X3), and Fairness (X1) positively affect business performance. These factors collectively explain 53.80% of the variance in business performance (R² = 0.538). |
