Gains and Losses on Fair Value Change of Financial Assets in Explaining Future Earnings of Thai Listed Companies in Financial Industry
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Abstract
This research studies the ability of current earnings and information from fair value change of available for sale financial assets in explaining future earnings, of the SET listed companies in financial industry using data from year 2012 to 2019. After removing the firms with nonsufficient data, the final sample is comprised of 222 sets and 179 sets for testing one-year and two-years ahead earnings explanation, respectively.
The research found that current earnings and gains or losses on fair value change of available for sale securities have an ability to explain future earnings both one and two years ahead. However, the results of the statistical analysis reveal that the models have an ability to explain one-year ahead earnings more than two-years ahead. When comparing the model including only current earnings with the model consisting of current earnings and gains or losses on fair value change of available for sale securities, it was found that the models with gains or losses on fair value change of available for sale securities have more ability to explain future earnings. In addition, the models adding firm size of current year, as a control variable, have more ability to explain future earnings.
Article Details
เนื้อหาและข้อมูลในบทความที่ลงตีพิมพ์ในวารสารสภาวิชาชีพบัญชี ถือเป็นข้อคิดเห็นและความรับผิดชอบของผู้เขียนบทความโดยตรงซึ่งกองบรรณาธิการวารสารไม่จำเป็นต้องเห็นด้วยหรือร่วมรับผิดชอบใด ๆ
บทความ ข้อมูล เนื้อหา รูปภาพ ฯลฯ ที่ได้รับการตีพิมพ์ในวารสารสภาวิชาชีพบัญชี ถือเป็นลิขสิทธิ์ของวารสารสภาวิชาชีพบัญชี หากบุคคลหรือหน่วยงานใดต้องการนำข้อมูลทั้งหมดหรือบางส่วนไปเผยแพร่ต่อหรือเพื่อกระทำการใดๆ จะต้องได้รับอนุญาตเป็นลายลักษณ์อักษรจากวารสารสภาวิชาชีพบัญชี ก่อนเท่านั้น
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