The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand
Copyright © Taylor & Francis Group, LLC. 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 govern...
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th-cmuir.6653943832-586412018-09-05T04:27:25Z The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand Puritud Inya Jim Psaros Michael Seamer Economics, Econometrics and Finance Copyright © Taylor & Francis Group, LLC. 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. 2018-09-05T04:27:25Z 2018-09-05T04:27:25Z 2018-05-03 Journal 15580938 1540496X 2-s2.0-85041559268 10.1080/1540496X.2017.1307102 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85041559268&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/58641 |
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Economics, Econometrics and Finance Puritud Inya Jim Psaros Michael Seamer The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand |
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Copyright © Taylor & Francis Group, LLC. 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. |
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Puritud Inya Jim Psaros Michael Seamer |
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Puritud Inya Jim Psaros Michael Seamer |
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Puritud Inya |
title |
The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand |
title_short |
The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand |
title_full |
The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand |
title_fullStr |
The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand |
title_full_unstemmed |
The Relevance of Western Corporate Governance in Mitigating Management Misconduct in Thailand |
title_sort |
relevance of western corporate governance in mitigating management misconduct in thailand |
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2018 |
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https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85041559268&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/58641 |
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