Relationship of corporate governance to the performance of transport and logistics service industry groups

Abstract

The purpose of this research is to study the relationship of corporate governance including corporate governance scores, business size, number of committees of the Board of Directors, the proportion of independent directors to the total number of directors, the number of meetings of the Board of Directors per year to operating results including gross margin, net profit margin, return on total assets, return on equity ratio. The data was collected from the financial statements and the annual report form (Form 56-1) during the period 2013 – 2017 of 22 transportation and logistics service industry groups which are listed companies in the Stock Exchange of Thailand. Descriptive statistics, correlation statistics, and multiple regression equations were used in data analysis. The study indicated that corporate governance including the corporate governance score, and number of committees of the Board of Directors, and the number of meetings of the Board of Directors per year Related to the operating results including gross margin, net profit margin, and return on equity at a 95% confidence level.