The longitudinal study of sufficiency economy philosophy reporting of listed companies in the Stock Exchange of Thailand

Muttanachai Suttipun (Department of Accountancy, Prince of Songkla University, Songkhla, Thailand)

Asia-Pacific Journal of Business Administration

ISSN: 1757-4323

Publication date: 16 July 2019

Abstract

Purpose

The purpose of this paper is to investigate the extent and pattern of the sufficiency economy philosophy (SEP) reporting of listed companies from the Stock Exchange of Thailand (SET) between 2012 and 2016, and to compare the SEP scores of reporting in the companies’ corporate annual reports during the period studied and between four groups of interest, based on ownership status, country of origin of company, type of auditor and type of industry.

Design/methodology/approach

Listed companies of the SET were used as the population, whereas a sample of 70 firms was investigated in the study. Content analysis by checklist was used to quantify the extent and pattern of SEP reporting in annual reports.

Findings

The results showed that the average score for SEP reporting was 44.28 out of a possible 64 categories of reporting included in the checklist. Moreover, there was a significant increase in the SEP reporting score during the period studied. The results also indicated that there was a significant difference in the SEP reporting scores between groups, based on country of origin, auditor type and industry type.

Originality/value

As the first longitudinal study of SEP reporting in Thailand, the study demonstrated the effective rule of SET to Thai listed companies providing higher voluntary information reporting during period being study.

Keywords

Acknowledgements

This work was supported by the grants of Prince of Songkla University (No. MAN6202021S).

Citation

Suttipun, M. (2019), "The longitudinal study of sufficiency economy philosophy reporting of listed companies in the Stock Exchange of Thailand", Asia-Pacific Journal of Business Administration, Vol. 11 No. 2, pp. 187-206. https://doi.org/10.1108/APJBA-11-2018-0196

Publisher

:

Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited

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