The Integrated Financial Reporting of Listed Companies on the Stock Exchange of Thailand

  • Sarapee Chanatup School of Management, Walailak University
  • Somnuk Aujirapongpan School of Management, Walailak University
  • Muttanachai Suttipun Faculty of Management Sciences, Prince of Songkla University

Resumo

Objective: This study aims to investigate the level and extent to which the International Integrated Reporting Framework is used in the corporate reporting of Listed Companies on the Stock Exchange of Thailand, and to test whether there is a different level of integrated reporting between companies in different industries.

Background: Since grouping of ASEAN Economic Community (AEC) which includes ten countries located in Southeast Asia was held, there have been several international standards in terms of accounting and finance used for the member countries including corporate integrated report. There is little evidence indicating the extent and level of integrated reporting guided by the IIRF in Thailand. Consequently, investigating integrated reporting in Thailand could be reporting a guideline for Thai listed companies and the Stock Exchange of Thailand.

Methodology: This study analysed the annual registration statements (Form 56-1) for year-end 2015 of the 139 listed firms. The level of integration was measured with regard to items based on the content analysis of the International Integrated Reporting Framework. Descriptive analysis, ANOVA, and t-test were used to analyse the data of study.

Results: The results reveal a significant variation in the integrated financial reporting scores across various integrated financial reporting items and industries. It is also found that the organizational overview and external environment element, and risk and opportunities element generated the highest scores, whereas the strategy and resource allocation element revealed the lowest scores among the firms. Moreover, the highest score is found in the financial and resource industries, while the technology sector obtained the lowest score. Finally, we found to be significantly different between each pair of industries across the organizational overview and external environment, business model, strategy and resource allocation, performance and future outlook.

Contributions: This study identified the level and extent of the integrated financial reporting in the corporate reporting of listed companies on the Stock Exchange of Thailand. The findings represent fundamental information for the development of the International Integrated Reporting Framework in Thailand.

Biografia do Autor

Sarapee Chanatup, School of Management, Walailak University
Sarapee Chanatup is a doctoral candidate of the Doctor of Philosophy in Business Program, School of Management, Walailak University, Thailand. She is a lecturer who gets the scholarship from Suratthani Rajabhat University, Thailand. She has also taught a bachelor’s degree in accounting. Her current research focuses on integrated reporting, corporate disclosure, and reporting.
Somnuk Aujirapongpan, School of Management, Walailak University
Somnuk  Aujirapongpan is an Associate Professor and Director of Graduate  Program in Innovation Management and Business Development of the School of Management, Walailak University, Thailand. His former position was a dean of the School of Management at Walailak University. He holds the Ph.D. in Technopreneurship and Innovation Management from Chulalongkorn University, Thailand. He has also taught Ph.D. and MBA programs on innovation management, entrepreneurship, business research, knowledge management and accounting for decision making in the educational institutes. His current research focuses on innovation management, accounting management, financial reporting and strategic performance measurement. He is the corresponding author in this article and can be contacted at asomnuk@wu.ac.th
Muttanachai Suttipun, Faculty of Management Sciences, Prince of Songkla University

Muttanachai Suttipun is a lecturer and researcher at the Accountancy Department, Faculty of Management Sciences, Prince of Songkla University, Thailand. He holds the Ph.D. in the area of corporate environmental disclosures from the University of Newcastle, Australia.

Publicado
2019-05-24
Como Citar
Chanatup, S., Aujirapongpan, S., & Suttipun, M. (2019). The Integrated Financial Reporting of Listed Companies on the Stock Exchange of Thailand. Revista Evidenciação Contábil & Finanças, 7(2), 142-159. https://doi.org/10.22478/ufpb.2318-1001.2019v7n2.41238
Seção
Seção Internacional