ความสัมพันธ์ระหว่างคุณลักษณะของกิจการ ระดับหนี้สิน และคุณภาพกำไร กับผลกระทบเชิงกำกับของการกำกับดูแลกิจการของบริษัทจดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย

Abstract

This study aimed to investigation the relationship between firm characteristics, debt levels and earnings quality (EQ), and the moderating effect of corporate governance (CG) of Listed Companies in The Stock Exchange of Thailand. The sample in this study is a company listed on the Stock Exchange of Thailand It was selected from a population of 621 companies, excluding the following companies: 1. Listed company in the banking sector, Finance & Securities sector, Insurance sector and Property Fund & REITs sector this is because the financial structure and regulations for disclosing reports in the financial statements are different from other businesses 2. Listed company with incomplete information 3. Listed company that may be delisted in accordance with the regulations of the Stock Exchange of Thailand. Resulting in a total sample size of 406 companies. The accrual quality was analyzed using the model used in Francis et al. ( 2005). Data analysis used Descriptive statistics such as frequency, percentage, mean, standard deviation, minimum, maximum, Skewness and kurtosis for preliminary data analysis and Inferential statistics used Structural Equation Modeling (SEM) to test research hypothesis. The results showed that Size had a positive relationship with EQ and debt levels, Growth had a negative relationship with debt levels and debt levels had negative relationship with EQ, that is, the company tends to have lower EQ as it incurs more debt. However, this study found that CG had a negative effect on the relationship between debt levels and EQ, which weak a relationship.