Study of the Mediator Variable of Accounting Performance Influencing Between the Factor of Shareholder Structure and Capital Market Performance of Listed Companies in the Stock Exchange of Thailand

Authors

  • Thantip Setan School of Accountancy, Sripatum University, Thailand
  • Monvika Phadoongsitthi Business School, Thammasat University, Thailand
  • Somboon Saraphat Faculty of Management Science, Kasetsart University Sriracha Campus, Thailand
  • Titaporn Sincharoonsak School of Accountancy, Sripatum University, Thailand
  • Montree Chuaychoo School of Accountancy, Sripatum University, Thailand
  • Pravas Penvutikul School of Accountancy, Sripatum University, Thailand

Keywords:

Shareholder Structure, Accounting Performance, Capital Market Performance

Abstract

The objective of this research is to study the mediator variable of accounting performance influencing between the factor of shareholder structure and capital market performance of listed companies in the Stock Exchange of Thailand. The research methodologies are the multiple regression analysis in the data analysis and the test on the accounting performance as the mediator variable following the concept of Baron & Kenny (1986). The sample group consists of the listed companies in the Stock Exchange of Thailand during the year 2012- 2016. A total of 1,710 data are collected for using in this research. The research results reveal that the accounting performance is the variable between the institutional investor’s ownership and Foreign Ownership with the Tobin’s Q factor. Other variables do not meet the test conditions at statistical significance level of 0.05.

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Published

2019-12-15

How to Cite

Setan, T., Phadoongsitthi, M., Saraphat, S., Sincharoonsak, T., Chuaychoo, M., & Penvutikul, P. (2019). Study of the Mediator Variable of Accounting Performance Influencing Between the Factor of Shareholder Structure and Capital Market Performance of Listed Companies in the Stock Exchange of Thailand. Asian Administration and Management Review, 1(2), 46–55. Retrieved from https://so01.tci-thaijo.org/index.php/AAMR/article/view/229563

Issue

Vol. 1 No. 2 (2018): Asian Administration and Management Review

Section

Articles