IDEAS home Printed from https://ideas.repec.org/a/ids/injmfa/v4y2012i3p238-257.html
   My bibliography  Save this article

Corporate governance and value addition efficiency of corporate resources in Thailand

Author

Listed:
  • Syed Abdulla Al Mamun
  • Yuosre Badir

Abstract

This paper examines the impact of board of directors (BOD) on corporate performance in value addition efficiency (VAE) of resources in an emerging economy namely Thailand in the context of post Asian financial crisis 1997/1998 period. This research uses data of top, as per market capitalisation, listed companies in Thailand for 2005 and 2008 to test the relationship. The study measures VAE of resources using Pulic's value added intellectual coefficient (VAICTM) model. The results find the impact of different BOD attributes on VAE of resources in top Thai companies, which is increasing over the post Asian crisis period. However, the study do not find significant impact of all BOD attributes on VAE which indicates the juvenile state of the BOD's effectiveness in achieving sustainable corporate performance. Managers and the policy makers may use the results to understand the complicated magnitude of BOD governance and its effectiveness in top companies in emerging economy, which might have the implication in developing more effective corporate governance structure in order to tackle the adverse effects of any further financial crisis.

Suggested Citation

  • Syed Abdulla Al Mamun & Yuosre Badir, 2012. "Corporate governance and value addition efficiency of corporate resources in Thailand," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 4(3), pages 238-257.
    • Handle: RePEc:ids:injmfa:v:4:y:2012:i:3:p:238-257
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=47851
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pant, Abhay & Nidugala, Ganesh Kumar, 2022. "Board characteristics and efficiency of value added by banks: Evidence from an emerging economy," Journal of Asian Economics, Elsevier, vol. 79(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:injmfa:v:4:y:2012:i:3:p:238-257. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=252 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.