Work

Earnings information of Thai listed firms investing in information technology

Year: 2023

Type: article

Abstract: The purposes of this research study were to Earnings information of Thai listed firms investing in information technology (IT firms) in Thai settings. Findings from prior work are varied for the value relevance of information technology information. We also consider earnings information quality for IT firms through earnings persistence. We investigate sample data during 2017 – 2021 for our analysis. By controlling for time and industry variants, we evidence that the value relevance of earnings for IT firms is lower relative to firms without information technology investment (Non-IT firms), and earnings persistence between IT and Non-IT firms were not statistically different. Consistent with prior work, this study suggests that financial statements may not reflect information technology and stock price does not value information technology investment.

Source: The Journal of Development Administration Research

Authors: Benyasrisawat, Prawat, Supornrungcharoen, Janjao, Kaewphap, Kandawan

Institutions: Bangkok University, University of the Thai Chamber of Commerce

Language: Thai

Topic: Auditing, Earnings Management, Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W7215445102

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