Accrual Quality of Companies Listed on Market for Alternative Investment

Main Article Content

Daorueang Sangkum Jomjai Sampet Maleemas Sittisombut

Abstract

The objective of this paper is to study accrual quality of companies listed on Market for Alternative Investment. The accrual quality was analyzed using the model developed by McNichols (2002) and used in Francis et al. (2005). The analysis was based on the data from 2009-2015 financial statements of 70 companies listed on Market for Alternative Investment, resulting in 296 firm-years. The results showed that most of the companies listed on the Market for Alternative Investment had the accrual quality above an average of the market. When comparing the accrual quality of small business with which of big business, using Independent t–Test statistic, the result showed no statistical difference at 95% confidence.

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Article Details

Section
Research Articles-Academic Articles
Author Biographies

Daorueang Sangkum

Maechaem School, Chiang Mai

Jomjai Sampet

Faculty of Business Administration, Chiang Mai University

Maleemas Sittisombut

Faculty of Business Administration, Chiang Mai University

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