Accounting governance practices and organizational goal achievement: Evidence from Thai listed firms

Kornkanok Nuankhum (), Kornchai Phornlaphatrachakorn (), Saithip Jannopat () and Kulwadee Lim-U-Sanno ()

Humanities and Social Sciences Letters, 2025, vol. 13, issue 3, 983-997

Abstract: This study examines the impact of accounting governance practices on organizational goal achievements for the listed firms in Thailand. The sample for this research comprises 171 firms listed on the Thai Stock Exchange. The study employs multiple regression analysis to examine the relationships between the variables. The findings reveal that accounting governance practices have important effects on all outcomes. Financial reporting quality significantly affects operational risk assurance, business fraud protection, accounting information transparency, and decision-making effectiveness. Additionally, operational risk assurance significantly affects accounting information transparency. Business fraud protection significantly and positively affects decision-making effectiveness. Accounting information transparency significantly affects decision-making effectiveness and organizational goal achievements. Decision-making effectiveness significantly affects organizational goal achievements. Based on these findings, it is recommended that firms establish and implement robust accounting governance practices, invest in their effective application, and promote employee training. These measures will help improve operational efficiency and productivity, thereby contributing to the sustainable achievement of organizational objectives.

Keywords: Accounting governance practices; Accounting information transparency; Business fraud protection; Decision-making effectiveness; Financial reporting quality; Operational risk assurance; Organizational goal achievement. (search for similar items in EconPapers)
Date: 2025
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