International Journal of Social Science & Economic Research
Submit Paper

Title:
DEVELOPING PROCUREMENT COOPERATE GOVERNANCE FOR THAI INDUSTRIAL GOODS IMPORTER FROM CHINA IN COVID-19 RESPONSE

Authors:
Chia-Ta Lee , Hui-Jun Liu and Xiong-Fei Shi

|| ||

Chia-Ta Lee , Hui-Jun Liu and Xiong-Fei Shi
China-ASEAN International College, Dhurakij Pundit University, Thailand

MLA 8
Lee, Chia-Ta, et al. "DEVELOPING PROCUREMENT COOPERATE GOVERNANCE FOR THAI INDUSTRIAL GOODS IMPORTER FROM CHINA IN COVID-19 RESPONSE." Int. j. of Social Science and Economic Research, vol. 6, no. 1, Jan. 2021, pp. 125-137, doi:10.46609/IJSSER.2021.v06i01.009. Accessed Jan. 2021.
APA 6
Lee, C., Liu, H., & Shi, X. (2021, January). DEVELOPING PROCUREMENT COOPERATE GOVERNANCE FOR THAI INDUSTRIAL GOODS IMPORTER FROM CHINA IN COVID-19 RESPONSE. Int. j. of Social Science and Economic Research, 6(1), 125-137. doi:10.46609/IJSSER.2021.v06i01.009
Chicago
Lee, Chia-Ta, Hui-Jun Liu, and Xiong-Fei Shi. "DEVELOPING PROCUREMENT COOPERATE GOVERNANCE FOR THAI INDUSTRIAL GOODS IMPORTER FROM CHINA IN COVID-19 RESPONSE." Int. j. of Social Science and Economic Research 6, no. 1 (January 2021), 125-137. Accessed January, 2021. doi:10.46609/IJSSER.2021.v06i01.009.

References
[1]. "OECD Principles of Corporate Governance, 2004". OECD. Retrieved 2013-05-18.
[2]. Shailer, G. (2004) An Introduction to Corporate Governance in Australia, Pearson Education Australia, Sydney.
[3]. GMI Ratings (formerly, GovernanceMetrics International) — Country Rankings as of September 27, 2010. https://web.archive.org/web/20110125201141/http://www.gmiratings.com/Images/GMI_Country_Rankings_as_of_10_27_2010.pdf
[4]. Goergen, M, International Corporate Governance, Prentice Hall 2012, ISBN 978-0-273-0
[5]. Georgieva, K (2020). IMF Managing Director Kristalina Georgieva’s Statement Following a G20 Ministerial Call on the Coronavirus Emergency. IMF Press statement. https://www.imf.org/en/News/Articles/2020/03/23/pr2098-imf-managing-director-statement-following-a-g20-ministerial-call-on-the-coronavirus-emergency
[6]. Reuters (2020). GRAPHIC-Coronavirus, then oil collapse erase $5 trillion from U.S. stocks. https://www.reuters.com/article/health-coronavirus-stocks-carnage/graphic-coronavirus-then-oil-collapse-erase-5-trillion-from-us-stocks-idUSL1N2B23XR
[7]. Jagannathan, R., Kapoor, M., & Schaumburg, E. (2013). Causes of the great recession of 2007–2009: The financial crisis was the symptom not the disease.Journal of Financial Intermediation, 22(1), 4-29.
[8]. Lee, J & Shailer, G. The Effect of Board-Related Reforms on Investors Confidence. Australian Accounting Review, 18(45) 2008: 123-134.
[9]. El-Erian, M. (2020). The Coming Coronavirus Recession and the Uncharted Territory Beyond. Foreign Affairs, Media Report. https://www.foreignaffairs.com/articles/2020-03-17/coming-coronavirus-recession
[10]. Financial Times (2020). Global recession already here, say top economists. https://www.ft.com/content/be732afe-6526-11ea-a6cd-df28cc3c6a68
[11]. Tricker, B., Essentials for Board Directors: An A–Z Guide, Bloomberg Press, New York, 2009, ISBN 978-1-57660-354-3
[12]. Shleifer, A., & Vishny, R., (1997). "A Survey of Corporate Governance," Journal of Finance, 52(2), pp, 737–783.
[13]. The World Bank. Thailand Economic Monitor June 2020: Thailand in the time of Covid-19. https://www.worldbank.org/en/country/thailand/publication/thailand-economic-monitor-june-2020-thailand-in-the-time-of-covid-19
[14]. WHO Coronavirus Disease (Covid-19) Dashboard. https://covid19.who.int/?gclid=Cj0KCQjw6uT4BRD5ARIsADwJQ18TsdXHeZXA4BfD4Bac-g0duDPQ6LXKzpDkIKhV7nLvVe_bExVhm-MaAmsiEALw_wcB
[15]. CEIC Data. Thailand Trade Balance. https://www.ceicdata.com/en/indicator/thailand/trade-balance
[16]. CEIC Data. Indicators. https://www.ceicdata.com/en/indicators
[17]. CEIC Data. Indicators: Real GDP Growth. https://www.ceicdata.com/en/indicator/real-gdp-growth
[18]. Sanchez-Graells, A. (2019) Centralisation of procurement and supply chain management in the English NHS: some governance and compliance challenges. NILQ, 70(1), 53-75.
[19]. The Wall Street Journal. Governance Operating Model: A Tool for More Effective Board Oversight, Media Report by Deloitte. https://deloitte.wsj.com/riskandcompliance/2013/06/11/governance-operating-model-a-tool-for-more-effective-board-oversight/
[20]. Soni, A., (2018). Corporate Governance in 21st Century, ISSN 2349-5138
[21]. ISO9001:2008 Quality Management Systems-Requirements https://www.iso.org/obp/ui/#iso:std:iso:9001:ed-4:v2:en
[22]. Bebchuk, L., & Fried, J., Pay Without Performance – the Unfulfilled Promise of Executive Compensation, Harvard University Press 2004, 15–17 & 21-27
[23]. Business Week. Surprise! One-third of the S&P; 500 companies have founding families involved in management. And those are usually the best performers. http://www.businessweek.com/magazine/content/03_45/b3857002.htm
[24]. Sanchez-Graells, A. (2019) Centralisation of procurement and supply chain management in the English NHS: some governance and compliance challenges. NILQ, 70(1), 53-75.
[25]. Rotchanakitumnuai, S. (2013). The governance evidence of e?government procurement. Transforming Government: People, Process and Policy.
[26]. Eriksson, P. E. (2006). Procurement and governance management-development of a conceptual procurement model based on different types of control. Management revue, 30-49.
[27]. Hart, O., (1989). "An Economist's Perspective on the Theory of the Firm," Columbia Law Review, 89(7), pp. 1757–1774.
[28]. Zelenyuk, V., & Zheka, V., (2006). "Corporate Governance and Firm’s Efficiency: The Case of a Transitional Country, Ukraine," Journal of Productivity Analysis, 25(1), pp. 143-157, [1]
[29]. Abdullah, M. R., Rahman, I. A., & Azis, A. A. A. (2010). Causes of delay in MARA management procurement construction projects. Journal of Surveying, Construction and Property, 1(1).
[30]. Bhagat, S., & Black, B. (1999). The Uncertain Relationship between Board Composition and Firm Performance. Business Lawyer, 54(3), 921-963.
[31]. Belev, G. C. (1991). Procurement control-A proactive approach to seller management. Transactions of the American Nuclear Society, 63

Abstract:
Cooperate governance, which defines the mechanisms and interactions through which governance is put into action, can be an important tool for cooperation to enhance their oversight capabilities while enabling management to implement governance initiatives. “A governance operating model supplies the ‘how’ that entrepreneurs seek and can reveal gaps or shortcomings in management. Renewed pressure from cooperate operating difficulty in recent years by financial crisis has led boards of directors to examine and strengthen governance roles and responsibilities. The focus on board-level oversight is especially intense nowadays after Covid19 economic impact, given the scale and complexity of governance efforts at regional ThaiChina procurement management.

IJSSER is Member of