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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2019-07-16  |  Accepted: 2020-03-15  |  Published: 2020-06-30

Title

The influence of corporate governance mechanism on the integrated financial reporting and investment risk of Thai listed companies


Abstract

This study was to examine relationships between corporate governance mechanism, integrated financial reporting, and investment risk on the stock exchange in Thailand. This study has investigated determinants and consequences of integrated financial reporting by analyzing Form 56-1 for year-end 2015 of the 240 Thai listed firms. To examine the relationship, an integrated financial reporting checklist was developed to identify the level of integrated reporting of listed firms on the Stock Exchange of Thailand. An index was based on seven dimensions of the International Integrated Reporting Framework. An integrated financial reporting is then analyzed using content analysis. An integrated financial reporting and corporate governance mechanism were collected from Form 56-1 for year-end 2015. Investment risk data was collected from SETSMART database. The analysis was conducted using structural equation modeling (SEM). The statistical results from factor analysis found that all seven dimensions are appropriate measurements of integrated financial reporting. The empirical result is that positive relationships were found for stakeholder-oriented corporate governance mechanism, shareholder-oriented corporate governance mechanism and integrated financial reporting; integrated financial reporting and investment risk. The model identified mediating relationship of integrated financial reporting between shareholder-oriented corporate governance mechanism and investment risk.


Keywords

corporate governance, integrated reporting, integrated financial reporting, investment risk


JEL classifications

E22 , G34 , M40


URI

http://jssidoi.org/jesi/article/555


DOI


Pages

2818-2831


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Chanatup, Sarapee
Suratthani Rajabhat University, Surat Thani, Thailand http://www.sru.ac.th
Articles by this author in: CrossRef |  Google Scholar

Aujirapongpan, Somnuk
Walailak University, Thai Buri, Thailand https://wuic.wu.ac.th
Articles by this author in: CrossRef |  Google Scholar

Ritkaew, Supit
Walailak University, Thai Buri, Thailand https://wuic.wu.ac.th
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

4


Issue date

June 2020


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 3381  |  PDF downloads: 1447

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