The effect of the information disclosure to earning management and firm performance of the listed companies on the Stock Exchange of Thailand

Abstract

The information disclosure is greatly beneficial for the investors to help them making the decisions on the investment in their business. The objectives of this research were to study the impact of information disclosure on earning management and performance and to study the impacts of earning managing and firm performance of the listed companies on the Stock Exchange of Thailand. The data was collected from the sample of 314 listed companies on the Stock Exchange of Thailand. The research variables consisted of the tax disclosure and cash flow disclosure. The dependent variables were profit management and operational performance. The data analysis was conducted using the descriptive and inferential statistics including the path analysis to analyze the model built to verify the model. The hypotheses were tested at the level of significance of 0.05. The research results revealed that tax disclosure and information disclosure on cash flow affected the earning management. The earning management affected the operational performance based on the indicators of economic added value. The tax information disclosure and cash flow information disclosure affected the earning management and the firm performance of the listed companies in the Stock Exchange of Thailand