Corporate governance and performance of state-owned enterprises | |
| Author | Orapan Khongmalai |
| Call Number | AIT Diss. no.SM-09-07 |
| Subject(s) | Corporate governance--Thailand Government ownership--Thailand |
| Note | A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in International Business |
| Publisher | Asian Institute of Technology |
| Series Statement | Dissertation ; no. SM-09-07 |
| Abstract | Organizational scholars have investigated the relationship between corporate governance (CG) practices and organizational performance. However, most of the studies have focused on the private sector rather than the SOE s ector, and focusing on onl y one aspect of CG such as the board of directors, internal control, risk management, human resource management, or information technology. Give n the importance of SOEs in developing countries like Thailand and r ecognizing the different practices of CG as mentioned above, this study focuses on three objectives: (1) to examine relationship between CG practices and performances of Thai SOEs; (2) inves tigate the important elements of each CG practice that influence performances of the Thai SOEs; and (3) provide the recommendations regarding aspects of CG crit eria to policy makers. In order to achieve these objectives, qualitative and quantitative ap proaches were used. Data related to CG practices influencing performance of the Thai SOEs were collected from the CG literature and the CG framework recommended by the Mini stry of Finance (MOF). A case study was conducted to gather specific CG behaviors in Thai SOEs. The questionnaire was developed and pretested with 100 managers in 4 SOEs. It was then distributed to 1,140 respondents in 38 SOEs, out of which 871 questio nnaires were returned for an alysis. The results confirm the broad principles of CG as well as provide detailed information of CG practices in the contexts of Thai SOEs. The findings indicate that for the boards of directors to be effective, they should push SOEs to devel op appropriate strategic management systems. The most important management system is intern al audit, followed by in ternal control, risk management, strategic human resource manage ment, and information technology in that order. Recommendations are given for further de velopment of CG practices in other large organizations, including SOEs in developing countries, public organizations, non-profit organizations, and large corporations. |
| Year | 2009 |
| Corresponding Series Added Entry | Asian Institute of Technology. Dissertation ; no. SM-09-07 |
| Type | Dissertation |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Tang, John C.S. |
| Examination Committee(s) | Sununta Siengthai ;Chotchai Charoenngam |
| Scholarship Donor(s) | Royal Thai Government Fellowship |
| Degree | Thesis (Ph.D.) - Asian Institute of Technology, 2009 |