Senee Puangyanee

Abstract: The purpose of this study is to investigate the relationship between corporate governance and return of equity (ROE) of stakeholders by using 8 industries including 545 listed companies in the Stock Exchange of Thailand as the sample. This study data collection is using documents data from financial report and annual report of 545 companies. In this study, three dimensions of corporate governance disclosure are roles of stakeholders, responsibility of committee and disclosure and transparency. The results demonstrate that corporate governance disclosure, 3 industries are agricultural, food and technology industry have roles of stakeholder related to ROE of stakeholders. Also, the real estate and construction industry has the disclosure and transparency related to ROE of stakeholders. Thus, theoretical and managerial contributions are provided of the current study and suggestions for further research are introduced.

Key words: corporate governance disclosure; return of equity of stakeholders