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Corporate Governance and Its Impact on Bank Performance in Thailand

이재우|도송황
한국경제통상학회 (The Korean Economic and Business Association)|2022.02|경제연구 (Journal of Economics Studies)|제40권 제1호|pp. 85-110

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키워드

기업지배구조Corporate governanceBoard structureBlock holderBank performanceThailand listed bank이사회구조(블록주주) 대주주은행 성과태국 상장 은행
주제분류경제학

초록

This study empirically analyzes the impact of corporate governance factors such as board structure and ownership concentration on the performance of banks listed on the Thai Stock Exchange (SET). Empirical results show that the independence of the board of directors, the size of the board of directors, block-holders (major shareholders), bank size, bank age, leverage, and non-performing loan ratio have a significant impact on bank performance. This study on listed banks in Thailand can add diversity to the growing body of work verifying the relationship between governance structure and performance of financial institutions, especially banks.

Abstract

This study empirically analyzes the impact of corporate governance factors such as board structure and ownership concentration on the performance of banks listed on the Thai Stock Exchange (SET). Empirical results show that the independence of the board of directors, the size of the board of directors, block-holders (major shareholders), bank size, bank age, leverage, and non-performing loan ratio have a significant impact on bank performance. This study on listed banks in Thailand can add diversity to the growing body of work verifying the relationship between governance structure and performance of financial institutions, especially banks.

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