| Title: | A Case Study of the Impact of Corporate Governance on Financial Performance of Lianhua Technology |
| Author: | Liu Xiaofeng |
| Advisor: | Dr. Zhang Li |
| Degree: | Master of Business Administration |
| Major: | International Business Management |
| Faculty: | บัณฑิตวิทยาลัย (Graduate School) |
| Academic year: | 2568 (2025) |
| Published: | นำเสนอในที่ประชุมวิชาการ (Conference) The 1st Thailand-Sino International Conference and The 17th National and International Academic Conference “New Quality Productive Forces and Sustainable Innovation” 14-16 November 2024 (pp.292-306) Click PDF |
Abstract
Corporate governance plays a crucial role in enhancing the financial performance of companies. This study investigated the impact of three key corporate governance mechanisms—board independence, executive compensation, and ownership structure—on the financial performance of Lianhua Technology. The objective was to assess how these governance mechanisms contribute to improved financial outcomes.
A quantitative research design was adopted, utilizing a structured questionnaire to collect data from board members, senior executives, and financial managers of Lianhua Technology. The sample was selected using purposive sampling, and the data were analyzed using descriptive statistics, correlation analysis, and regression analysis.
The findings revealed that board independence, executive compensation, and ownership structure each had a significant positive impact on financial performance.
Board independence was found to play a vital role in providing unbiased oversight, while executive compensation, when linked to company performance, effectively motivated executives to prioritize long-term profitability. Ownership structure had the strongest impact, emphasizing the importance of a diversified and balanced ownership base in enhancing governance effectiveness.
In conclusion, improving corporate governance mechanisms, particularly enhancing board independence, aligning executive compensation with performance metrics, and maintaining a balanced ownership structure, can significantly enhance the financial performance of Lianhua Technology. It is recommended that the company
continue to strengthen these governance practices to ensure effective oversight and sustainable financial growth.
Keywords: board independence, executive compensation, ownership structure, financial performance
6617195747 Liu Xiaofeng, 2568 (2025). Advisor: Dr. Zhang Li, สารนิพนธ์ (Independent Study), A Case Study of the Impact of Corporate Governance on Financial Performance of Lianhua Technology, นำเสนอในที่ประชุมวิชาการ (Conference), The 17th National and International Academic Conference 2024, ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration, International Business Management, Siam University, Bangkok, Thailand – มหาวิทยาลัยสยาม กรุงเทพมหานคร ประเทศไทย