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BOARD GOVERNANCE AND FIRM PERFORMANCE: THE MEDIATING ROLE OF EFFECTIVE TAX RATE IN THAILAND |
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| รหัสดีโอไอ | |
| Creator | Kwanrutai PUCHJAN |
| Title | BOARD GOVERNANCE AND FIRM PERFORMANCE: THE MEDIATING ROLE OF EFFECTIVE TAX RATE IN THAILAND |
| Contributor | Dararat PHOPRACHAK, Anek PUTTHIDECH, Kusuma DAMPITAKSE, Surachai AM-UGSORN |
| Publisher | Asian Administration and Management Review |
| Publication Year | 2568 |
| Journal Title | Asian Administration and Management Review |
| Journal Vol. | 8 |
| Journal No. | 2 |
| Page no. | Article 24 |
| Keyword | Board Characteristics, Effective Tax Rate, Firm Performance, Corporate Governance, Mediation Analysis |
| URL Website | https://so01.tci-thaijo.org/index.php/AAMR |
| Website title | https://so01.tci-thaijo.org/index.php/AAMR/article/view/283484 |
| ISSN | 2730-3683 |
| Abstract | This study investigates the intricate relationship between board characteristics and firm performance, specifically examining the mediating role of the effective corporate income tax rate (ETR) among companies listed on the Stock Exchange of Thailand. Analyzing 313 observations from 2022 to 2024 using quantitative methods, including descriptive statistics, correlation, and multiple regression, the research reveals compelling insights into corporate governance and financial outcomes. Findings indicate that board size and the proportion of directors with an accounting or finance background positively influence ETR. Furthermore, while the proportion of directors with an accounting or finance background directly enhances firm performance, independent directors and board meeting frequency exhibit a negative direct relationship with firm performance. Crucially, the study identifies ETR as a significant transmission mechanism: board size and accounting/finance expertise indirectly enhance firm performance through ETR. These findings challenge conventional views that tax minimization is the sole performance driver, suggesting that a higher ETR can signal responsible tax compliance, fostering investor confidence and firm valuation. This research offers vital policy guidelines for corporate governance and tax management in emerging markets such as Thailand. |
