ความสัมพันธ์ระหว่างรายการกำไรขาดทุนเบ็ดเสร็จอื่นกับคุณภาพกำไรของบริษัทจดทะเบียนกลุ่มธุรกิจเกษตรและอุตสาหกรรมอาหารในตลาดหลักทรัพย์แห่งประเทศไทย

Abstract

This independent study aimed to investigate relationship between other comprehensive income and earnings quality of listed companies in Agro and Food Industry of the Stock Exchange of Thailand. The study was based upon the secondary data, including the financial reports of 40 listed company in Agro and Food Industry of the Stock Exchange of Thailand. Data obtained were analyzed by the descriptive statistics: maximum value, minimum value, arithmetic mean, and standard deviation. The analysis of relationship between other comprehensive income and earnings quality was also conducted through the inferential statistics: correlation coefficients and multiple linear regression in accordance with the Panel Data Analysis. Dependent variables were identified according to the Bradshaw et all (1999)’s earnings quality as measured from accruals; the independent variables were the 5 components of other comprehensive income; and the controlled variables were size of enterprise, book-to-market ratio, and debt-to-equity ratio. The findings revealed that the gains and losses on translating financial statement of overseas business performance and the gains and losses as resulted from the effectiveness of hedging instrument for cash flow hedge correlated with the earnings quality as measured from accruals of working capital in the same direction. In contrast, the change in revaluation surplus corrected with the earnings quality as measured from accruals of working capital and total net operating accruals in opposite direction. As well as the re-valuation of the defined benefit obligation corrected with the earnings quality as measured from total net operating accruals in opposite direction. However, neither gains and losses as resulted from the available-for-sale-investments valuation correlated with the earnings quality as measured from accruals of working capital and total net operating accruals.