overall summary of the Stock Exchange of Thailand,
disclosure score is important and in accordance
with the research Al-Refaee, Zakaria Siam and
Al Khatib (2012). They mentioned importance of
accounting disclosure score regarded as signifi cant
data sources of decision and intention made by
the experts of accounting standard development
according to an international standard in order to
increase responsibility of executives. Ashig Alia, Tai
Yuan Chen, Suresh Radhakrishnan (2007) studied
to check disclosure score of the family in S&P
500, considering disclosure score of the company,
earnings quality reported. And in disclosure score
willingly made for corporate governance practice,
the study signifi ed that the family company had
faced the crucial agent problem in separation
from share ownership and execution less than
non-family one.
From variables regulating mean of the natural
logarithm log of the firm’s market value of
equity (SIZEMVE), the company variable equals to
8.0855 and median of standard deviation does to
7.9808, 1.5903 respectively on basis of the Stock
Market price getting optional stock explanatory to
performance/operation.
Multiple Regression Results:
The association between corporate governance and
earnings persistence.
Table 2 signifi ed that model 1 with equation
consisting of corporate governance mechanisms
variable and control one is able to forecast/estimate
earnings persistence (EAR_PER) with signifi cance
on confi dence level of 95% (α = 0.05)** (F = Sig t
= 0.015) which such as independent variable is
explanatory to (EAR_PER) signifi cantly on 2.9% level
(R Square = 0.029). And upon consideration, it was
found that 2 variables out of them all infl uential
in (EAR_PER) with statistical signifi cance are that
of compensation paid to executives- H1e: one
having negative correlation that is signifi cant at the
levels between compensation for executives and
earnings quality measured by earnings persistence
in calculation of β – 0.85 coefficient having a
negative relationship with consequence while
β value reduces, causing earnings persistence
(EAR_PER) to increase; or it means that its
compensation paid to executives/CEOs is
motivation for them to create tactics of making
additional value for the business connecting to
earnings; and otherwise, it is compensation paid
reducing, making earnings persistence increase.
This research lay emphasis on quantitative
informativeness analysis as that of company
financial budget regarded as an important
component in fundamental analysis of stock. This
study covered the present fi nancial budgets and
the past of the company under consideration of
another issue of qualitative data analysis, refl ecting
abilities of company execution and competition in
the present or in the future. And from such data,
decision on investment can be made.
From model 1; H1e: outcome has positive
relationship signifi cantly between compensation
of executives and earnings quality measured
by earnings persistence in calculation of β
coeffi cient –0.85 which is negatively connected
with consequence obtained when β value reduces,
overall summary of the Stock Exchange of Thailand,disclosure score is important and in accordancewith the research Al-Refaee, Zakaria Siam andAl Khatib (2012). They mentioned importance ofaccounting disclosure score regarded as signifi cantdata sources of decision and intention made bythe experts of accounting standard developmentaccording to an international standard in order toincrease responsibility of executives. Ashig Alia, TaiYuan Chen, Suresh Radhakrishnan (2007) studiedto check disclosure score of the family in S&P500, considering disclosure score of the company,earnings quality reported. And in disclosure scorewillingly made for corporate governance practice,the study signifi ed that the family company hadfaced the crucial agent problem in separationfrom share ownership and execution less thannon-family one.From variables regulating mean of the naturallogarithm log of the firm’s market value ofequity (SIZEMVE), the company variable equals to8.0855 and median of standard deviation does to7.9808, 1.5903 respectively on basis of the StockMarket price getting optional stock explanatory toperformance/operation.Multiple Regression Results:The association between corporate governance andearnings persistence.Table 2 signifi ed that model 1 with equationconsisting of corporate governance mechanismsvariable and control one is able to forecast/estimateearnings persistence (EAR_PER) with signifi canceon confi dence level of 95% (α = 0.05)** (F = Sig t= 0.015) which such as independent variable isexplanatory to (EAR_PER) signifi cantly on 2.9% level(R Square = 0.029). And upon consideration, it wasfound that 2 variables out of them all infl uentialin (EAR_PER) with statistical signifi cance are thatof compensation paid to executives- H1e: onehaving negative correlation that is signifi cant at thelevels between compensation for executives andearnings quality measured by earnings persistencein calculation of β – 0.85 coefficient having anegative relationship with consequence whileβ value reduces, causing earnings persistence(EAR_PER) to increase; or it means that itscompensation paid to executives/CEOs ismotivation for them to create tactics of makingadditional value for the business connecting toearnings; and otherwise, it is compensation paidreducing, making earnings persistence increase.This research lay emphasis on quantitativeinformativeness analysis as that of companyfinancial budget regarded as an importantcomponent in fundamental analysis of stock. Thisstudy covered the present fi nancial budgets andthe past of the company under consideration ofanother issue of qualitative data analysis, refl ectingabilities of company execution and competition inthe present or in the future. And from such data,decision on investment can be made.From model 1; H1e: outcome has positiveความสัมพันธ์ระหว่างค่าตอบแทน cantlyวัดคุณภาพผู้บริหารและรายได้โดยรายได้มีอยู่ในการคำนวณของβcient coeffi –0.85 ซึ่งมีการส่งด้วยสัจจะที่ได้รับเมื่อค่าβลด
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