AN ANALYSIS OF THE COMPONENTS OF RECOMMENDED BEST PRACTICE UNDER THE PRINCIPLE OF GOOD CORPORATE GOVERNANCE FOR LISTED COMPANIES IN THE STOCK MARKET IN THAILAND
Keywords:
Good Corporate Governance, Exploratory Factor Analysis, Listed Companies in the Stock MarketAbstract
The purpose of this research was to analyze components. The research instrument was a questionnaire covering recommended best practice under the Principle of Good Corporate Governance. The reliability was 0.929. One hundred and twenty six samples were selected from executives of listed companies in the stock market in Thailand. Exploratory Factor Analysis was used for data analysis including Principle Components Analysis and Orthogonal Rotation by Varimax Orthogonal Rotation. Research findings revealed that the components of recommended best practice under the Principle of Good Corporate Governance for listed companies in the stock market in Thailand comprised of 5 components including (1) reporting and management control system; (2) disclosure; (3) treatment to stakeholder; (4) internal audit and internal control and (5) treatment to shareholders. The cumulative variance was 64.171%.
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