ภาวะวิกฤตทางการเงิน รายการคงค้างที่ขึ้นอยู่กับดุลยพินิจ

และความระมัดระวังทางบัญชี : หลักฐานจากบริษัทจดทะเบียน
ในประเทศไทย

 

 

Financial Distress, Discretionary Accruals and
Accounting Conservatism: Evidence from Thai
Listed Companies

 

 

 

 

วันที่ได้รับต้นฉบับบทความ :
12 มิถุนายน 2568

วันที่แก้ไขปรับปรุงบทความ :
22 กรกฎาคม 2568

วันที่ตอบรับตีพิมพ์บทความ :
13 สิงหาคม 2568

ดร.อนุวัฒน์ ภักดี

รองศาสตราจารย์ประจำหลักสูตรบัญชีบัณฑิต

คณะวิทยาการจัดการ มหาวิทยาลัยราชภัฏจันทรเกษม

ธิษตยา รุ่งเดชธนาลัย

อาจารย์ประจำหลักสูตรบัญชีบัณฑิต

คณะวิทยาการจัดการ มหาวิทยาลัยราชภัฏจันทรเกษม

(ผู้ประสานงานหลัก)

 

 

 

 

Received:
June 12, 2025

Revised:
July 22, 2025

Accepted:
August 13, 2025

Dr.Anuwat Phakdee

Associate Professor of Department of Accounting,

Faculty of Management Sciences, Chandrakasem Rajabhat University

Thittaya Rungdettanalai

Lecturer of Department of Accounting,

Faculty of Management Sciences, Chandrakasem Rajabhat University

(Corresponding Author)

 

 

 

 

คำสำคัญ :
ภาวะวิกฤตทางการเงิน
รายการคงค้างที่ขึ้นอยู่กับดุลยพินิจ
ความระมัดระวังทางบัญชี

บทคัดย่อ

การวิจัยนี้มีวัตถุประสงค์ เพื่อศึกษาความสัมพันธ์ของภาวะวิกฤตทางการเงินและรายการคงค้างที่ขึ้นอยู่กับดุลยพินิจกับความระมัดระวังทางบัญชี โดยใช้ข้อมูลตัวอย่างจากบริษัทจดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย ตั้งแต่ปี พ.ศ. 2554 – 2565 รวม 12 ปี คิดเป็นข้อมูลจำนวน 4,580 ตัวอย่าง ใช้เทคนิคการวิเคราะห์ถดถอยพหุคูณในการทดสอบสมมติฐานงานวิจัย ผลการวิจัยพบว่า ภาวะวิกฤตทางการเงินมีความสัมพันธ์เชิงบวกกับความระมัดระวังทางบัญชี ในทางตรงข้ามพบว่า รายการคงค้างที่ขึ้นอยู่กับดุลยพินิจมีความสัมพันธ์เชิงลบกับความระมัดระวังทางบัญชี ผลการวิเคราะห์เพิ่มเติมพบว่าภาวะวิกฤตทางการเงินมีผลกระทบเชิงบวกกับความสัมพันธ์ของรายการคงค้างที่ขึ้นอยู่กับดุลยพินิจกับความระมัดระวังทางบัญชี รวมทั้งในช่วงก่อน COVID-19 ภาวะวิกฤตทางการเงินมีความสัมพันธ์เชิงบวกกับความระมัดระวังทางบัญชี และรายการคงค้างที่ขึ้นอยู่กับดุลยพินิจมีความสัมพันธ์เชิงลบกับความระมัดระวังทางบัญชี

 

 

 

 

Keywords:

Financial Distress,
Discretionary Accruals,
Accounting Conservatism

ABSTRACT

This research examines the relationship between financial distress and discretionary accruals with accounting conservatism, using data from companies listed on the Stock Exchange of Thailand from 2011–2022, with 4,580 firm-year observations. Multiple regression analysis was employed to test the research hypotheses. The results reveal that financial distress is positively associated with accounting conservatism, whereas discretionary accruals are negatively associated with accounting conservatism. Additional analysis indicates that financial distress positively moderates the relationship between discretionary accruals and accounting conservatism. Furthermore, during the pre-COVID-19 period, financial distress maintained a positive relationship with accounting conservatism, while discretionary accruals showed a negative association.

 

 

 

 

 

HOW TO CITE

 

 

 

Phakdee, A., & Rungdettanalai, T. (2025). Financial Distress, Discretionary Accruals and Accounting Conservatism: Evidence from Thai Listed Companies. Journal of Accounting Profession, 21(72), 5-29. https://doi.org/10.14456/jap.2025.16

 

 

 

 

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