Title: The Impact of Corporate Governance Structure on Financial Performance-A Case Study of Alibaba Group
Author: Fu Yanni
Advisor: ดร.จิดาภา ชลธารรัตนพงศ์ – Dr. Jidapa Chollathanrattanapong
Degree: Master of Business Administration
Major: International Business Management
Faculty: บัณฑิตวิทยาลัย (Graduate School)
Academic year: 2567 (2024)
Published: 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.436-447) Click PDF
Abstract
With the acceleration of global economic integration and the increasing intensity of the market competition environment, the corporate governance structure, as the core framework to support and lead the operation of enterprises, has a profound impact on the financial performance of enterprises and has increasingly become the focus of attention of the academic and practical communities. Under this background, the financial power change theory, as an important branch and cutting-edge concept in the field of financial management, increasingly highlights its unique value. This study took Alibaba as a case study. The purpose of the study is to explore the impact of equity concentration, the size of the board of directors, the management mechanism, the size of the supervisory board on the financial performance of enterprises.
This study adopted the quantitative research method and focussed on Alibaba as the research subject. The data were mainly obtained through a questionnaires survey. A total of 290 questionnaires were distributed in this study, and 275 valid questionnaires were received. Through the analysis and research of the survey data, this study concluded that equity concentration, the size of the board of directors, the management mechanism, and the size of the supervisory board has a positive impact on the financial performance.
For recommendation, Alibaba Group should (1) optimize the equity structure to improve corporate governance, (2) adopt an effective evaluation mechanism to stimulate management motivation, (3) perfecting the board of directors structure to improve decision-making efficiency, (4) intensifying the supervisory board structure to strengthen supervision functions.
Keywords: financial power change, corporate governance structure, financial performance
The Impact of Corporate Governance Structure on Financial Performance-A Case Study of Alibaba Group /
6617195034 Fu Yanni 2567 (2024) The Impact of Corporate Governance Structure on Financial Performance-A Case Study of Alibaba Group สารนิพนธ์ (Independent Study), Advisor: ดร.จิดาภา ชลธารรัตนพงศ์ – Dr. Jidapa Chollathanrattanapong, ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration, International Business Management, Bangkok: Siam University