@article{MAKHILLIBM2017111127304,
    title = {Is Thailand Better than Indonesia? A Comparative Study Between the Listed
State-Owned Enterprises (SOEs) Corporate Governance Practices on
Disclosures and Transparency},
    journal = {International Business Management},
    volume = {11},
    number = {11},
    pages = {1795-1807},
    year = {2017},
    issn = {1993-5250},
    doi = {ibm.2017.1795.1807},
    url = {https://makhillpublications.co/view-article.php?issn=1993-5250&doi=ibm.2017.1795.1807},
    author = {Muhammad},
    keywords = {Corporate governance,SOEs,ACGS,IDX,SET,dealings},
    abstract = {The aim of this study is to analyse the specific part of Good Corporate Governance (GCG) practices
between Indonesia and Thailand’s State-Owned Enterprises (SOEs) which listed in the Indonesia Stock
Exchange (IDX) and Stock Exchange of Thailand (SET) by applying the ASEAN Corporate Governance
Scorecard (ACGS) with focus on the Disclosures and Transparency (D&T) items. This study uses descriptive
analysis approaches based on secondary data sources, namely the SOEs annual report in 2013 and the
companie’s website. The research framework tools used in this study was taken from the ASEAN Corporate
Governance Scorecard (ACGS) which was initiated and developed by the ASEAN Capital Markets Forum
(ACMF). It found that in general Indonesia and Thailand SOEs have achieved a Good Corporate Governance
(GCG) grades which score above 71%. Overall, Thailand listed SOEs have better performance againts Indonesia
listed SOEs. However, both countries shared the similar poorly experience in terms of implementation in the
disclosure of information regarding the directors/commissioners dealings in shares of the company and the
disclosure of external auditor and auditor report’s fees.}
    }