Disclosure of Research and Development information of Thai’ s MAI listed Companies during the application of the Thailand 4.0 model.

https://doi.org/10.37178/ca-c.23.2.003

Authors

  • Kulwadee Lim-u-sanno

Abstract

This work aims to examine relationship and effect of R&D Disclosure along with firm characteristics on financial performance (Return on Asset – ROA) of SME in Thailand Market for Alternative Investment (MAI) in the early phase of Thailand 4.0 model implementation. Descriptive statistical analysis and text unit counting are used to collect R&D Disclosure data from 128 sample companies’ annual reports between 2016 and 2018. MRA is used to test effect and relationship. The study shows that first, R&D Disclosure has been on the rise in the past three years but there is no conclusive evidence of R&D Disclosure’s direct effect on financial performance. Second, development closure has negative effect from development disclosure, firm age, leverage (debt to equity ratio: DER), and growth rate on financial performance. Third, there is positive effect from Development Disclosure, along with CEO Age, and business sector (S-Curve group). Fourth, effect of research disclosure on financial performance cannot be concluded. Finally, the TAS No. 38: Intangible Asset contributes to R&D Disclosure in the 56-1 report.

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Published

2022-03-10

How to Cite

Kulwadee Lim-u-sanno. (2022). Disclosure of Research and Development information of Thai’ s MAI listed Companies during the application of the Thailand 4.0 model.: https://doi.org/10.37178/ca-c.23.2.003. CENTRAL ASIA AND THE CAUCASUS, 23(2), 14–23. Retrieved from https://ca-c.org/submissions/index.php/cac/article/view/500

Issue

Vol. 23 No. 2 (2022): CENTRAL ASIA AND THE CAUCASUS

Section

Articles