This study explains the concept of corporate governance and its effects on equity returns. It explains the differences between strong and weak corporate governance firms in term of risks and returns. From the theoretical point of view, the study incorporates the model of corporate governance and firms’ performances to explain the effects from different levels of corporate governance practice on the firms. From the empirical view point, it finds that the stronger corporate governance firms are exposed to lower magnitude and fewer types of systematic ...

This study is to identify red flags on financial failure of Thai corporations, since the collapse of many business firms, especially the financial institutions and real estate firms in 1997. Red flags are indicators for possible cause for concerned specific areas that represent potential problems; here it is limited to financial failure. Using red flags as warning signals for financial failure will efficiently help the users of the financial statements in their decision making. In addition, the study includes prediction performance and experimental ...