Detecting Corporate’s Earnings Manipulation in Thailand Corporate Governance Attributes and Audit Report Timeliness: Mediating Role of Corporate Disclosure and Transparency and Moderating Role of

× 𝐸𝑉𝐴𝑅𝑖𝑡) + 𝛽6(𝐸𝑃𝑆𝑖𝑡 × 𝐷𝐸𝑖𝑡) + 𝛽7𝐵𝑉𝐸𝑖𝑡 + 𝜀𝑖𝑡 (1) Where 𝑃𝑅𝐼𝐶𝐸𝑖𝑡 is fiscal quarter-end’s stock price. 𝐸𝑃𝑆𝑖𝑡 is earnings per share. 𝑆𝑇𝑅𝐼𝑁𝐺𝑖𝑡 is an indicator variable that

: TECH 1 2 3 1 2 3 รวม 26 27 53 25 26 51 บริษัทที ่IPO บริษัททีผ่่านเกณฑ์ กลุ่มอุตสาหกรรม 7 Variable Measurement Earnings Persistence Sustainability Disclosure Economic Value Added ก าหนดหัวข้อแบบประเมิน

of earning. Liquidity Premium: Asset with low liquidity require a risk premium Key Risk Factors 37 Best performing (%) Worst performing (%) Max difference (%) Year Variable selection Earnings -12.2

quarters’ (five years) percentage changes in quarterly earnings per share. • Technically, this equation attempts to rescue inferences from econometric problems as follows: – an omitted correlated variable

proxies. In this spirit, this study considers CSR to be a latent variable measured by environmental (E), social (S), and governance (G) pillars. To overcome limitations of a single-equation regression, this

and David Dodd in 1934 • Finding price-intrinsic value discrepancies in the market • Various price-based ratios and future stock returns ⋄ Earnings-to-price ratio (Basu, 1977) ⋄ Dividend-to-price ratio

and, consequently, build a strong company culture. Further analysis validates the results, including propensity score matching (PSM), entropy balancing, an instrumental-variable analysis, Lewbel’s (2012

from the second quarter of the year 2019 of Baht 178.69 million or -79.41% due to decrease in cost variable to income such as food and beverage cost and salary, is significant. However, some expenses

credit card fee, variable rental expenses, utility expense, maintenance cost, and outsourced labor cost whereas the depreciation expense has increased due to the adjustments in compliance with the