Good Governance Application for Financial Management Efficiency of Private Owned-Companies in Bangkok Areas in the New Normal Age

Abstract

          The purposes of this research were: 1) to study good governance application for financial management efficiency of private-owned companies in the new normal age; 2) to study financial management efficiency of private-owned companies in the new normal age; 3) to find a relationship between good governance application and financial management efficiency of private-owned companies in the new normal age; and 4) to analyze good governance application affecting financial management efficiency of private owned companies in the new normal age. The samples used in this study were administrators starting from positions of company managers and higher positions of various private owned companies, registered with Thailand Stock Exchange Market. Purposive sampling technique was applied in this study. The researchers distributed the research questionnaires to the targeted sample of 168 persons. Statistics used in this research consisted of percentage, mean, standard deviation, Person Correlation, and Multiple Regression Analysis (MRA). The research results showed that: 1) Good governance application of private-owned companies for financial management efficiency, in total, was at high level. (2) Financial management efficiency of private-owned companies in the new normal age, in total, was at high level. (3) Good governance had a relationship with financial management efficiency of private-owned companies. (4) Good governance application had an effect on financial management efficiency of private-owned companies. In particular, transparency had the highest effect on financial management efficiency of private owned companies, followed by rule of law, virtue, participation, consensus orientation, responsiveness, equality, economy, decentralization and responsibility.