This study empirically examined the association between accounting changes and stock prices of companies listed on the Stock Exchange of Thailand (SET) during 1990-1994 period. In addition, the study attempted to explain the motivation of firms making voluntary accounting changes. It empirically compared the risks of firms with voluntary accounting changes to the risks of firms without voluntary accounting changes during the pre- and post-announcement periods. Also, of firms with voluntary accounting changes, the risks during the pre-announcement ...

This study is to identify red flags on financial failure of Thai corporations, since the collapse of many business firms, especially the financial institutions and real estate firms in 1997. Red flags are indicators for possible cause for concerned specific areas that represent potential problems; here it is limited to financial failure. Using red flags as warning signals for financial failure will efficiently help the users of the financial statements in their decision making. In addition, the study includes prediction performance and experimental ...