The impact of sustainable development on the relevance of accounting information and financial activities: Evidence from Thailand
Mongkhol Moolkham · 2024
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Description
Mongkhol Moolkham studies how sustainable development colors the way markets read Thai company accounts, in a 2024 paper. For firms listed on the Stock Exchange of Thailand, standard signals behave as textbooks predict. Stronger earnings and book value lift market value, debt drags it down, and asset investment plus dividends lift it.
Firms following sustainability guidelines break the pattern. Their high earnings and book value actually weighed on market value, as if investors doubted the numbers or priced sustainability as a cost. Short-term debt, a villain elsewhere, helped these firms' value instead. The split verdict suggests green commitments change how every line of the accounts is judged, a caution for managers reporting both profit and virtue.
Catalog record
| CREATOR | Mongkhol Moolkham |
|---|---|
| YEAR | 2024 |
| COLLECTION | PAPERS |
| FORMAT | TXT |
| FILE SIZE | 65 KB |
| VERSION | 1.0 |
| LICENSE | CC BY 4.0 |
| RIGHTS | CC BY |
| SOURCE | Europe PMC |