Factors Influencing the Level of Disclosure in the Annual Report (Form 56-1 One Report) of Listed Companies In the SET100 Index Constituents
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Abstract
This research is empirical research with the objective of studying factors including business structure, impact of year of disclosure, agency costs, and capital structure (control variables); board composition (independent variables); and ownership structure (moderator variable) influencing the level of disclosure in the annual report (Form 56-1 One Report) (dependent variable) of listed companies in the SET100 index constituents. The data under study were collected from the annual report (Form 56-1 One Report) for 2021 and 2022 (the most recent year). For the methods for measuring variables and disclosure index (unweighted), a reliability test and confidence test were undertaken. After its practicality was confirmed, the data were analyzed and the results were interpreted according to the research objectives. The results found that all factors studied influence the level of disclosure in the annual report (Form 56-1 One Report) with statistical significance as required. The research findings showed that all the factors being examined influenced dependent variables with statistical significance. It can be claimed that the results contributed to additional knowledge, including the ownership structure with the largest shareholder holding shares at higher than 40.36 percent as a negative indicator containing both a direct influence on a subset of information of the dependent variable and indirect influence with the CEO that was not the chairman of the board of directors and having the audit committee being a certified public accountant on both a subset of information and all of the information of the dependent variable. This is consistent with agency theory, when the large shareholders hold higher shares, the impact on the consistency of accounting information decreases.
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