The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand

Title: The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand
Creator: Inya, Puritud; Psaros, Jim; Seamer, Michael
Relation: Emerging Markets Finance and Trade Vol. 54, Issue 6, p. 1425-1441
Publisher Link: http://dx.doi.org/10.1080/1540496X.2017.1307102
Publisher: Routledge
Resource Type: journal article
Date: 2018
Description: This article provides empirical evidence on the relevance of structures central to Western models of corporate governance in mitigating management misconduct in Thailand. We find no evidence supporting the effectiveness of Western-based corporate governance structures such as board independence, audit committee effectiveness, and separating the roles of CEO and Board Chair in limiting management misconduct. However, we do find evidence supportive of independent directors with more experience and longer tenure, the presence of institutional ownership, and concentrated controlling ownership in limiting management misconduct. This provides some support for the validity of resource dependency theory in an emerging economy setting.
Subject: corporate fraud; corporate governance; resource dependency theory; Thailand
Identifier: http://hdl.handle.net/1959.13/1466388
Identifier: uon:47534
Identifier: ISSN:1540-496X
Language: eng
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