Causal Factors Affecting the Quality of Financial Reporting and Efficiency of Decision Making of Listed company in the Market for Alternative Investment (MAI)
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Published:
Jan 27, 2019
Keywords:
causal factors quality financial reporting efficiency decision making
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Abstract
The purpose of this research was to investigate the causal factors affecting the quality of financial reports and Efficiency Decision Making in listed company in the Market for Alternative Investment (MAI) contained with Quality of financial reports, Accounting for Quality control, Accounting Information System, Audit and the Efficiency of Decision Making was collected from secondary sources from accounting executives of companies listed in the Market for Alternative Investment (MAI) The sample size was 146 persons and the data were analyzed by statistical methods using structural analysis equation modeling (SEM). The quality of financial reports, accounting for quality control, accounting information system, Audit and Efficiency Decision Making. There were statistically significant at .05 level. The results of this study implied that causal factors affecting the quality of financial statements and Efficiency Decision Making of listed companies on the Alternative Investment (MAI) will be beneficial to investment decisions.
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สิทธิพัฒนา พ. (2019). Causal Factors Affecting the Quality of Financial Reporting and Efficiency of Decision Making of Listed company in the Market for Alternative Investment (MAI). Journal of Humanities and Social Sciences, Rajapruk University, 4(3), 59–74. Retrieved from https://so03.tci-thaijo.org/index.php/rpu/article/view/168280
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References
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Malgharni, A. M., Soomasundaram, N. R., & Muthaiyah, S. (2013). Non- Financial Performance for Firm’s Evaluation. European Journal of Economics, Finance and Administrative Sciences, (23).
Mark, K., & Terry., W. (2010). Accounting Standard Attributes and Accounting Quality: Discussion and Analysis. Research in Accounting Regulation, 22: 59 - 70.
Murphy Smith, Michael S. Drake, & Mike Shaub. (2009). Pivotal Change in US Public Policy: How the Sarbanes-Oxley Act Affected Internal Auditing and its Relationship to External Auditing. International Journal of Accounting, Auditing & Performance Evaluation, doi: from http://ssrn.com/abstract=
1455985
Penman, S. H., & Zhang, X. J. (2002). Accounting Conservatism, the Quality of Earnings, and Stock Returns. The Accounting Review, 77(2): 237 - 264.
Salehi., M., Enayati., G., & Javadi., P. (2014). The Relationship between Intellectual Capital with Economic Value Added and Financial Performance. Iranian Journal of Management Studies (IJMS), 7(2): 245 - 269.
Schaltegger, S., & Burritt, R. L. (2010). Sustainability accounting for companies: Catchphrase or decision support for business leaders?. Journal of World Business, 45(4): 375-384. doi: http://dx.doi.org/10.1016/j.jwb.2009.08.002
Soderstrom, N. S., & Sun, K. J. (2007). IFRS Adoption and Accounting Quality: A Review. SSRN eLibrary
Suksawang P,. (2015). The Basics of Structural Equation Modeling. Princess of Naradhiwas University Journal, 6(2): 137 - 145. (in Thai)
Tarca, A. (2004). International Convergence of Accounting Practices: Choosing between IAS and U.S. GAAP. Journal of International Financial Management and Accounting. 15: 60 - 91.
Tazik, H., & Mohamed, Z. M. (2014). Accounting Information System Effectiveness, Foreign Ownership and Timeliness of Corporate Financial Report. Proceedings of 5th Asia-Pacific Business Research Conference.
Tendeloo, B., V. & Vanstraelen, A. (2005). Earnings Management under German GAAP Versus IFRS. European Accounting Review, 14(1): 155 - 180.
Vatanakhiri, C. (2560). The Analytical Thinking Ability of The Undergraduate Students of Rajapruk University. Journal of the Humanities and Social Sciences Rajapruek University, 4(1): 106 doi: https://www.tci-thaijo.org/index.php/ rpu/article/view/125762/95224 (in Thai)
Wangcharoendate, S. (2014). Dynamic Internal Audit Innovation and Ongoing Firm Survival: An Empirical Study of Thai-Listed Firms. NIDA DEVELOPMENT JOURNAL, 54(4): 91 - 121. (in Thai)
Watts, R., & Zimmerman, J. (1986). Towards a positive theory of the determination of accounting standards. Accounting Review, 53: 112 - 134.
พูลพงศ์ สุขสว่าง. (2558). หลักการวิเคราะห์โมเดลสมการโครงสร้าง. วารสารมหาวิทยาลัยนราธิวาสราชนครินทร์, 6(2): 137 - 145.
สุรเดช จองวรรณศิริ และ วิชิต อู่อ้น. (2559). ปัจจัยที่มีอิทธิพลต่อความตั้งใจลงทุนในหลักทรัพย์ของนักลงทุนบุคคล. ฉบับภาษาไทย สาขามนุษยศาสตร์ สังคมศาสตร์ และศิลปะ Veridian E-Journal, Silpakorn University, 9(5): 1094 - 1107.
สุวรรณ หวังเจริญเดช. (2557). นวัตกรรมการตรวจสอบภายในเชิงพลวัตและความอยู่รอดขององค์กรอย่างยั่งยืน:หลักฐานเชิงประจักษ์บริษัทที่จดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย. วารสารพัฒนบริหารศาสตร์, 54(4): 91 - 121.
Barth, M. E., Wayne R. Landsman, M. L., & Williams, C. (2012). Are IFRS-based and US GAAP-based Accounting Amounts Comparable. Accounting & Economics, 54(1): 68 - 93.
Brochet, F., Jaglinzer, A. D., & Riedl, E. J. (2013). Mandatory IFRS Adoption and Financial Statement Comparability. Contemporary Accounting Research, 30(4): 373 - 1400.
Chaney, C., & Kim., G. (2007). The Integrated Auditor. The Internal Auditor, 64(4): 46 - 52.
Chang, Y. W. (2001). Contingency factors and accounting information system design in Jordanian companies. Journal of Accounting Information System, 8: 1 - 16.
Cheung, E. et al. (2010). An historical review of quality in financial reporting in Australia. Pacific Accounting Review, 22(2): 147-169.
Claro, J., et al. (2010). Integrated method for assessing and planning uncertain technology investments. International. Journal of Engineering Management and Economics, 1(1). doi: 10.1504/IJEME.2010.034598
David A. Aaker, V. Kumar, & Day, G. S. (2001). Marketing Research. New York.
Hongsombud, A., Ussahawanitchakit, P., & Muenthaisong, K. (2012). Accounting Quality control and Firm Growht an: Empirical Investigation of Corporate Governance Awarded Firms In Thailand. Journal of Academy of Business and Economics, 12(5).
Jara, M., José, B., & Moya, T. A. (2013). The effect of mandatory IFRS adoption on accounting conservatism of reported earnings. Academia Revista Latinoamericana de Administración, 26 (1): 139 - 169.
Jongwannasiri S, & Uon V,. (2017). Factors Influencing Individual Investor’s Intention. Thai version in Humanities, Social Sciences and Art Veridian E-Journal Silpakorn University, 9(3), 1094-1107. (in Thai)
Li Li Eng, Li Sun, & Thanyaluk Vichitsarawong. (2014). Are International Financial Reporting Standards–Based and U.S. GAAP–Based Accounting Amounts Comparable? Evidence From U.S. ADRs. Journal of Accounting, Auditing & Finance, 29(2): 163-187.
Malgharni, A. M., Soomasundaram, N. R., & Muthaiyah, S. (2013). Non- Financial Performance for Firm’s Evaluation. European Journal of Economics, Finance and Administrative Sciences, (23).
Mark, K., & Terry., W. (2010). Accounting Standard Attributes and Accounting Quality: Discussion and Analysis. Research in Accounting Regulation, 22: 59 - 70.
Murphy Smith, Michael S. Drake, & Mike Shaub. (2009). Pivotal Change in US Public Policy: How the Sarbanes-Oxley Act Affected Internal Auditing and its Relationship to External Auditing. International Journal of Accounting, Auditing & Performance Evaluation, doi: from http://ssrn.com/abstract=
1455985
Penman, S. H., & Zhang, X. J. (2002). Accounting Conservatism, the Quality of Earnings, and Stock Returns. The Accounting Review, 77(2): 237 - 264.
Salehi., M., Enayati., G., & Javadi., P. (2014). The Relationship between Intellectual Capital with Economic Value Added and Financial Performance. Iranian Journal of Management Studies (IJMS), 7(2): 245 - 269.
Schaltegger, S., & Burritt, R. L. (2010). Sustainability accounting for companies: Catchphrase or decision support for business leaders?. Journal of World Business, 45(4): 375-384. doi: http://dx.doi.org/10.1016/j.jwb.2009.08.002
Soderstrom, N. S., & Sun, K. J. (2007). IFRS Adoption and Accounting Quality: A Review. SSRN eLibrary
Suksawang P,. (2015). The Basics of Structural Equation Modeling. Princess of Naradhiwas University Journal, 6(2): 137 - 145. (in Thai)
Tarca, A. (2004). International Convergence of Accounting Practices: Choosing between IAS and U.S. GAAP. Journal of International Financial Management and Accounting. 15: 60 - 91.
Tazik, H., & Mohamed, Z. M. (2014). Accounting Information System Effectiveness, Foreign Ownership and Timeliness of Corporate Financial Report. Proceedings of 5th Asia-Pacific Business Research Conference.
Tendeloo, B., V. & Vanstraelen, A. (2005). Earnings Management under German GAAP Versus IFRS. European Accounting Review, 14(1): 155 - 180.
Vatanakhiri, C. (2560). The Analytical Thinking Ability of The Undergraduate Students of Rajapruk University. Journal of the Humanities and Social Sciences Rajapruek University, 4(1): 106 doi: https://www.tci-thaijo.org/index.php/ rpu/article/view/125762/95224 (in Thai)
Wangcharoendate, S. (2014). Dynamic Internal Audit Innovation and Ongoing Firm Survival: An Empirical Study of Thai-Listed Firms. NIDA DEVELOPMENT JOURNAL, 54(4): 91 - 121. (in Thai)
Watts, R., & Zimmerman, J. (1986). Towards a positive theory of the determination of accounting standards. Accounting Review, 53: 112 - 134.