University Outcomes and Information Disclosure: The Case Study of Annual Reports

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Saran Sarntisart

Abstract

The objective of this research article is to study the information transparency and outcomes of the world’s leading universities to create a benchmark and analysis with Thai universities. Furthermore, we analyze Thai universities’ outcomes in various aspects including the disclosure of information to stakeholders and their accessibility to the information. We also see how the universities can respond to the needs of the society and stakeholders, and whether it corresponds to the ten principles of governance. The research methodology used is reviewing annual reports of the world's top universities according to Times Higher Education and in-depth interviews with top management of government universities and government-directed universities. Results show that universities can respond to the needs of stakeholders and correspond to the ten principles of governance. Australia gives the highest importance to disclosing information via annual reports and most universities provide relevant and detailed information necessary for stakeholders. Although Thai universities provide annual reports, it is not detailed and there is no national form or standard for providing the necessary information. 

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