The Relationship between Corporate Governance Profit Management and Economic Value Added of Companies Listed in The Stock Exchange of Thailand: SET100

Abstract

This study has the objective are study the relationship between corporate governance scores. Proportion of major shares Proportion of number of independent directors and the consolidation of the positions of the chairman and chief executive officer towards profit management. And economic value added. By collecting secondary data, namely annual reports and the annual registration form SET Market Analysis and Reporting Tool: SETSMART, by analyzing the data using descriptive statistics to summarize the characteristics of the data collected. Compiled from the sample company, such as percentage, average, standard deviation, minimum value, maximum value, test hypothesis with analysis Pearson Correlation and using multiple linear regression analysis based on the financial data of 42 companies listed on the Stock Exchange of Thailand in the SET100 during 2014-2018, the study found that The level of corporate governance does not correlate with profit management and economic value. The proportion of major shareholders has no relationship with profit management and economic value. The proportion of independent committees has no relationship with profit management. But is related to economic value added the persons that hold the positions of the Chairman of the Board of Directors and the Chief Executive Officer have a relationship with profit management and economic value added. With a statistical significance of 0.05.