Women on boards and corporate governance: evidence from listed companies in Thailand Online publication date: Thu, 09-May-2019
by Sasiwimon Warunsiri Paweenawat
International Journal of Business Governance and Ethics (IJBGE), Vol. 13, No. 4, 2019
Abstract: Despite high female participation in the Thai labour market, female representation on Thai boards of directors is low. This study investigates the effect of female representation on boards of directors on the level of corporate governance in Thailand. The ordered logit regression is applied to a dataset of companies listed on the Stock Exchange of Thailand (SET). The main results show that an improvement in corporate governance is associated with a higher ratio of women appointed as board directors. Furthermore, female leadership in the form of chairpersons on executive and audit committees, two important subcommittees, strongly and positively affects corporate governance levels. Finally, the presence of women on a board has a similar effect on corporate governance as that of the presence of independent directors does. The findings offer an insightful introduction to policy makers for promoting female leadership roles on boards to enhance corporate governance.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Governance and Ethics (IJBGE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook