Importance of Information Quality in Decision-Making Effectiveness and Financial Report Quality: Studies of Industrial Companies in Thailand
คำสำคัญ:
Information Quality, Accurate, Relevance, Timeliness, Completeness, Decision-Making Effectiveness, Financial Report Qualityบทคัดย่อ
Firms with information quality can create a competitive advantage because information quality will help the chief financial officer (CFO) to have a good plan and decision.
The information quality is widely studied, there is not much data for Thai companies in Thailand. Therefore, this work aims to test the quality of information to see whether it is effective in the decision of the administrator and financial report quality or not. The four factors for information quality are; accurate (ACU), relevance (RLV), timeliness (TLN), and completeness (CPT). Ordinary Least Square (OLS) has been used to test following hypotheses. (i) The ACU, RLV, TLN, and CPT have a positive relation with decision-making effectiveness (DME). (ii) The ACU, RLV, TLN, and CPT have a positive relation with financial report quality. The statistical results show that RLV and TLN have influence on the DME of the CFO. However, only the TLN affects the FRQ. These results can be supported by the fact that reasonable and complete information corresponding with the target and work are useful for correct decision making. In addition, the updated information will help the manager to plan and generate a better financial report.
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