The Impact of Ownership Structure on Accounting Conservatism of Thai Listed Companies
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Abstract
The main objective of this research is to examine the impact of ownership structures on accounting conservatism of the listed companies of Thailand using 802 samples during 2016 – 2017 from listed companies in the Stock Exchange of Thailand all of which are non-financial companies. The data is collected from annual financial statements and annual report form 56-1. The research used multiple regression analysis to analyze the data. This study focuses on four variables: institutional ownership, foreign ownership, government ownership, and concentration of ownership.
The results of this research show that Government Ownership and Concentration of Ownership have a statistically significant positive effect on accounting conservatism. In addition, the results also reveal that the control variables growth, firm size, and profitability have a statistically significant negative on accounting conservatism. On the other hand, the leverage ratio has a statistically significant positive effect on accounting conservatism.
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