Corporate governance and firm diversification : evidence from Thailand

บรรษัทภิบาลและการกระจายการลงทุน : หลักฐานในประเทศไทย

Name: Tanatip Poonsin

LCSH: Good corporate governance -- Thailand

LCSH: Investments -- Thailand

Abstract: The primary objective of this paper is to investigate relationship between corporate governance and firm diversification based on agency theory. Samples are listed companies in Thailand during 2000 to 2007. I apply corporate governance index covered all issues related to corporate. Next are degree and value of diversification. The first one is measured by Herfindahl Index and number of reported segments while the latter is from Excess Value. Excess Value stems from firm excess value as a result from diversification. For corporate governance and decision to diversify, it identifies that corporate governance is responsible for decision to diversify bringing about a confirmation of agency but not affect value of diversification. Aside from academic benefits, this paper sends a signal for stakeholders/ monitors about severity of agency problem in corporate/Thailand to pay more attention in monitoring and controlling the firm in order to reduce agency problem and increase corporate governance in those firms/Thailand.

Chulalongkorn University. Center of Academic Resources

Address: BANGKOK

Email: cuir@car.chula.ac.th

Name: Sunti Tirapat

Role: advisor

Created: 2008

Modified: 2011-10-11

Issued: 2011-10-11

วิทยานิพนธ์/Thesis

application/pdf

eng

DegreeName: Master of Science

Level: Master's Degree

Descipline: Finance

Grantor: Chulalongkorn University

©copyrights Chulalongkorn University

ลำดับที่.	ชื่อแฟ้มข้อมูล	ขนาดแฟ้มข้อมูล	จำนวนเข้าถึง	วัน-เวลาเข้าถึงล่าสุด
1	Tanatip_po.pdf	801.27 KB	181	2024-11-06 09:12:59

ใช้เวลา

0.035185 วินาที