Board characteristics and corporate value: Evidence from Thailand

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University of the Thai Chamber of Commerce. Research Support Office
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Scopus
University of the Thai Chamber of Commerce
Date Issued
2010
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Text::Journal::Journal article
Language
eng
Abstract
Purpose: This paper aims to examine the influence of corporate board structure on corporate value.Design/methodology/approach: The data were collected on a sample of 245 Thai nonfinancial listed companies to examine the effect of board structure on firm performance. Findings: The results show that neither independent directors nor grey directors are the significant determinants of improving firm value. Research limitations/implications: This research was confined to 245 Thai nonfinancial listed companies. It would be useful to replicate it using larger samples under different country settings.Practical implications: The findings provide guidance to top managers in deciding the Board structure as corporate value is also grounded in corporate board structure. Originality/value: The paper provides far reaching implications for corporate managers about the relationship between Board characteristics and corporate value.
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This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
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University of the Thai Chamber of Commerce
Bibliographic Citation
J. Yammeesri, S.K. Herath (2010) Board characteristics and corporate value: Evidence from Thailand. Corporate Governance Vol.10 No.3, 279-292.
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