Corporate Governance and Its Impact on Bank Performance in Thailand

This study empirically analyzes the impact of corporate governance factors such as board structure and ownership concentration on the performance of banks listed on the Thai Stock Exchange (SET). Empirical results show that the independence of the board of directors, the size of the board of directors, block-holders (major shareholders), bank size, bank age, leverage, and non-performing loan ratio have a significant impact on bank performance. This study on listed banks in Thailand can add diversity to the growing body of work verifying the relationship between governance structure and performance of financial institutions, especially banks.