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http://dx.doi.org/10.13106/jafeb.2021.vol8.no8.0409

Digital Accounting, Financial Reporting Quality and Digital Transformation: Evidence from Thai Listed Firms  

PHORNLAPHATRACHAKORN, Kornchai (Faculty of Management Sciences and Information Technology, Nakhon Phanom University)
NA KALASINDHU, Khajit (Faculty of Management Sciences and Information Technology, Nakhon Phanom University)
Publication Information
The Journal of Asian Finance, Economics and Business / v.8, no.8, 2021 , pp. 409-419 More about this Journal
Abstract
The study examines the effects of digital accounting on financial reporting quality, accounting information usefulness, and strategic decision effectiveness of listed firms in Thailand through digital transformation as the moderating variable. A total of 313 listed firms in Thailand were selected as the sample for the study. Structural equation model and multiple regression analysis are applied to test the research relationships. The results of the study show that digital accounting has a significant effect on financial reporting quality, accounting information usefulness, and strategic decision effectiveness. Financial reporting quality significantly affects both accounting information usefulness and strategic decision effectiveness while accounting information usefulness has a significant effect on strategic decision effectiveness. Both financial reporting quality and accounting information usefulness mediate the digital accounting-strategic decision effectiveness relationship. In addition, digital transformation moderates the digital accounting-financial reporting quality relationship and the digital accounting-accounting information usefulness relationship, but it does not moderate other relationships. Accordingly, digital accounting plays a significant role in determining and explaining firms' goal achievement. Executives are suggested to learn, invest and utilize the digital accounting system in the organization to ensure goal achievement and enhance organizational sustainability.
Keywords
Digital Accounting; Financial Reporting Quality; Accounting Information Usefulness; Digital Transformation; Strategic Decision Effectiveness;
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