CASH FLOW INFORMATION FOR INVESTMENT DECISIONS OF LISTED COMPANIEC IN THE STOCK WXCHANGE OF THAILAND, SET 100 GROUP: BEFORE AND AFTER THE IMPLEMENTATION OF THE INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS)

Abstract

The objectives of this research article were to study the utilization of accounting information in making investment decisions and under financial reporting standards and to study the utilization of cash flow data in investment decisions under accounting standards and financial reporting standards; it is quantitative research by collecting secondary data (Secondary Data) from the collection of financial statements for 10 years, totaling 1,000 companies, divided into 2 periods under the accounting standard (old version) (data financial statements for the year 2006 - 2010) and information under Financial Reporting Standards (New Edition) (Financial Statements 2011 - 2015) of SET100 Index Companies, except the Financial Industry Group due to differences in the preparation of the statements. Finance and companies that disclose incomplete information The remaining samples were 781 companies. The researcher applied The concepts from Ohlson's model as a statistical model and analyzed statistics. Multiple Regression Analysis in the correlation analysis of variables, the research results revealed that the utilization coefficient of accounting information in investment decisions (Adjusted R Square) under the accounting standard (old version) was equal to 84.5% and under the Financial Reporting Standard (New Edition) equal to 75.20% and the utilization coefficient of cash flow information in investment decisions found that the coefficient of utilization of accounting information in investment decisions (Adjusted R Square) under the accounting standard (old version) was 94.00% and under the financial reporting standard (new version) was 77.40%. Able to utilize Information on changes in accounting standards in the country, this allows investors to use accounting data in forecasting in combination with other data such as political uncertainty for use in making investment decisions.