The Relationship Between Transparency Levels of Financial Information Disclosures through the Corporate Governance Scored, Performance and Firm Value of Listed Companies in the Stock Exchange of Thailand

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Narintorn Somthong
Poonsuk Sangsun
Kanjanat Ruangvarakorn

Abstract

The purpose of this research is to examine the relationship between the transparency Levels of financial information disclosures through the corporate governance scored by Thai institute of directors (IOD) firm value according to the Tobin’s Q concept and Return on asset (ROA) measured performance, including the investigate, the relationship between Tobin’s Q and ROA of listed companies in the Stock Exchange of Thailand who were assessed by IOD, annual 2561, 361 company. The research used Pearson’s correlation analysis and multiple regression analysis to test the relationships.


The results show that the transparency level of financial disclosure through regulatory scores evaluated by the IOD has no relationship with The Tobin’s Q and ROA across all industry sector, Considered by industry sector, found that Service sectors had a significant negative relationship between The transparency level of financial disclosure through corporate governance scored assessed by IOD and ROA. The results revealed that ROA has positively relationship to Tobin’s Q. This study also found that profitability, growth opportunities and the growth potential of the share price cloud explain Tobin’s Q, while ROA with the firm size, profitability and growth opportunities, there were positive relationship, and negative relationship with financial risk, statistical significance. And also found that the transparency level of financial disclosure through good corporate governance scores has relationship with firm size, sales, stock price growth potential and financial risk statistical significance.

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How to Cite
Somthong, N., Sangsun, P., & Ruangvarakorn, K. (2021). The Relationship Between Transparency Levels of Financial Information Disclosures through the Corporate Governance Scored, Performance and Firm Value of Listed Companies in the Stock Exchange of Thailand. Ph.D. In Social Sciences Journal, 11(1), 243-256. Retrieved from https://so05.tci-thaijo.org/index.php/phdssj/article/view/221602
Section
Research Article

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