CORPORATE GOVERNANCE AFFECTING THE PERFORMANCE AND STOCK PRICES OF COMPANIES IN THE FOOD AND BEVERAGE INDUSTRY LISTED ON THE STOCK EXCHANGE OF THAILAND

Abstract

          The Objectives of this research article were to study about corporate governance that effects the rate of return on equity Assets and the stock prices of companies in the agro-industry and food industry listed in the Stock Exchange of Thailand.  This research is a quantitative research. by studying the size of the Board of Directors The proportion of independent directors Shareholding percentage of major shareholders Merger of the Managing Director and Chairman of the Board And operations are measured by return on assets (ROA). Return on equity (ROE) securities prices are measured from the average closing price of common stock. of companies in the agricultural and food industry groups listed on the Stock Exchange of Thailand as of December 31, 2020, there are a total of 55 companies, divided into 12 agro-businesses and 43 food-industry companies. In the criteria of 47 companies by collecting information from SET-SMART of the Stock Exchange of Thailand. The information on corporate governance is based on the annual report (56 - 1) and financial statements from 2018-2020.  We analyzed by using multiple regression analysis in the relationship test at 95 percent confidence level. The results showed that corporate governance does not affects return on assets (ROA), return on assets (ROA) and securities prices significantly.  The corporate governance in relation to the merger of the Managing Director and Chairman of the Board (DUAL) had a significant effect on stock price. The information for investors to use in making investment decisions to consider because executives and directors have the power to manage the company, they can make decisions for the company to have a good performance.