(Retracted Article) The Relationship between Human Capital Scorecard and Profitability of Listed Companiesin Market for Alternative Investment (MAI)

Abstract

    This article was canceled because there was an expected discrepancy in academic interpretation.

      The objectives of this research article were: to study the relationship between human capital indicators and profitability of companies listed on the Market for Alternative Investment (MAI). The population of this quantitative research was Thailand during the year 2016 - 2020, 88 samples. Data used in the research were collected from financial statements and electronic databases of the Stock Exchange of Thailand. The researcher used descriptive statistics to characterize the data of the samples and used multiple regression analysis in the tests. The correlation of variables at the significance level of 0.05 was found that human capital, goodwill, and intangible assets are shown in the statement of financial position. There was a statistically significant positive correlation with the company's growth. The results showed that human capital data, goodwill, and intangible assets were statistically significant. It is helpful information for users. Financial statements to assess and forecast company growth. Therefore, companies should consider investing in human capital, intangible assets, and other businesses to create sustainable corporate development. Intangible assets that are off the statement of financial position provide information relevant to decision-making for users of the financial statements. The results of such research will be used to develop financial reporting standards in the future.