The Impact of TFRS 15 Adoption in the First Year on the Relationship Between Stock Prices and Accounting Information of Companies Listed on the Market for Alternative Investment (MAI)

Main Article Content

Paphatsanan Phanichakul
Yosawinkan Kobkanjanapued

Abstract

This research aims to examine the relationship and differences between stock prices and revenue from contracts with customers under Thai Financial Reporting Standard 15 (TFRS 15) on the Market for Alternative Investment (MAI). The study period is from the first quarter of 2018 to the fourth quarter of 2019. The total number of companies selected as samples is 720. The statistics used consist of descriptive statistics, correlation analysis, and multiple regression analysis. The results showed that the correlation between stock prices and accounting information before and after the adoption of TFRS 15 showed that book value per share, earnings per share, and revenue per share were significantly positively correlated with stock prices. However, the adoption of TFRS 15 was not found to have any influence on the relationship between book value per share, earnings per share, and revenue per share with stock prices in the Market for Alternative Investment (MAI). Therefore, it is shown that the adoption of TFRS 15 does not affect the relationship between accounting information and stock prices, which is different from the period before the adoption of TFRS 15.


 

Article Details

How to Cite
Phanichakul, P., & Kobkanjanapued , Y. (2023). The Impact of TFRS 15 Adoption in the First Year on the Relationship Between Stock Prices and Accounting Information of Companies Listed on the Market for Alternative Investment (MAI). Rajapark Journal, 17(55), 317–331. Retrieved from https://so05.tci-thaijo.org/index.php/RJPJ/article/view/268283
Section
Research Article

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