This study investigated the extent and content of environmental information disclosure provided in the annual reports of companies listed on the Stock Exchange of Thailand (SET), and tested whether there were any relationships between the amount of environmental disclosure and a number of company characteristics used in previous studies conducted in more developed countries. By using a simple sampling method, 75 listed companies were selected for inclusion in the study based on their 2007 annual reports. The findings indicate that 62 companies (83%) provided environmental information in their annual reports. Companies in the resources industry group made the most disclosure of environmental information, while the least disclosure was made by companies in the agricultural and food industries group. The most common location of environmental reporting in annual reports was under the topic of corporate governance. The most common themes of disclosures were environmental policy, environmental activities, and waste management. There was a positive relationship between the amount of environmental disclosures and size of company.
This study aims to investigate narrative TBL reporting in the annual reports of the top 50 largest companies listed on the Stock Exchange of Thailand (SET), to establish whether there is any relationship between the extent of TBL reporting and a variety of factors used in previous studies conducted in more developed countries. By using a non-probability sampling method, the top 50 listed companies were sampled based on their 2010 annual reports. Statistical analysis (descriptive, multiple regression, independent samples t-tests, and ANOVA), was employed to analyse the extent of reporting found and the relationship between TBL disclosure based on a measured score and ten characteristics influencing disclosure identified in previous studies.The findings show that there are statistically significant differences between the TBL reporting scores of high and low profile companies. There are also significant differences in reporting based on industry groups. Although the results did not indicate any relationship between TBL disclosure scores and the various factors considered in previous studies, there was a correlation between the age, type of business, and liquidity of companies and their economic information reporting score as well as between the size, risk, and profitability of the company and the environmental information disclosure score.
The objective of the article is to investigate the extent and level of sufficiency economy philosophy (SEP) practice, the performance measured by the balanced scorecard (BSC) of small and medium-sized enterprises (SMEs) in Thailand, and to test the influence of SEP practice on SMEs' performance measured by BSC. Research Design & Methods: Using stratified sampling, 600 SMEs were adopted as the sample in this study. Self-reported data was collected using a mailed questionnaire containing items incorporating a five-point Likert scale. The data was initially analysed by descriptive analysis, correlation matrix, and multiple regression. Findings: The study found that both SEP practice and performance measured by the BSC of SMEs were at a high level. Moreover, the moderation element was the most common SEP practice followed by the morality condition, the reasonableness element, the self-immunity element, and the knowledge condition. The multiple regression analysis indicated that all the elements and conditions of SEP positively and significantly influenced performance measured by the BSC. Using control variables, the study also found the significant relationship between firm size, firm age, and SMEs' performance. Implications & Recommendations: Business owners and top management can use SEP as a practical management tool with which to operate their business instead of adopting Western management models. Contribution & Value Added:The study findings can demonstrate that stakeholder theory can be used to explain SMEs in Thailand putting SEP into practice in order to satisfy stakeholder demands for better performance. Article type:research article
Purpose -The purpose of this paper is to investigate the nature and level of Sufficiency Economy Philosophy (SEP) disclosure in the annual reports of companies listed in the Stock Exchange of Thailand (SET), to test the influence of corporate governance on SEP disclosure, and to examine the influence of corporate governance, and SEP disclosure on corporate financial performance. Design/methodology/approach -By simple random sampling, 235 out of 569 companies in the SET were selected as the study sample. Content analysis by word count was used to explore the nature and level of SEP disclosure in the 2015 annual reports. Descriptive analysis and path analysis were used to analyze the data. Findings -The results indicated that the average level of SEP disclosure in the 2015 annual reports was 1,235 words. The most common theme of SEP disclosure was morality disclosure following by reasonableness, self-immunity, knowledge, and moderation disclosures. There was a positive significant influence of firm size on level of SEP. Moreover, there was a positive significant influence of the level of SEP, and the size of committee on corporate financial performance. Originality/value -The findings shed light on the SEP as developed by his Majesty the King Bhumibhol Adulyadej in the Thai setting. The study also endeavored to validate the relevance and applicability of the SEP concept to the sustainable development of the business sector.
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