The Relationship Between Good Corporate Governance And Financial Ratio Of Listed Companies In Thailand

Abstract

The objectives of this study were to study: (1) the level of good corporate governance and the financial ratio of listed companies; (2) the relationship between good corporate governance and the financial ratio of the listed companies in Thailand. Samples in the study were 258 listed companies, including Chief Financial Officers (CFOs) or executives in financial or accounting fields. A questionnaire was used as a research instrument in this study, statistically analyzed by percentage, means, standard deviation (S.D)., and Pearson’s correlation coefficient analyses. Research results revealed that: (1) the Chief Financial Officers (CFOs) or financial or accounting executives overall had opinions towards good corporate governance and the financial ratio at a high level; and (2) the results of the relationship between good corporate governance and financial ratio revealed that the good corporate governance was correlated with the financial ratio of the registered companies at the 0.01 level of statistical significance.