ความสัมพันธ์ระหว่างการรายงานการจัดการความเสี่ยงและต้นทุนของดอกเบี้ยจ่ายและเงินปั้นผลจ่าย กรณีศึกษาบริษัทจดทะเบียนในตลาดหลักทรัพย์ เอ็ม เอ ไอ

Abstract

The objectives of this study were to investigate the level of risk management reporting and to test the relationship between risk management reporting and cost of capital by interest payment and dividend payment of listed companies from the Market for Alternative Investment (MAI). Samples were 118 firms from the MAI excelling financial industry. Content analysis by word count was used to quantify risk management reporting in annual reports for 3 years during 2016-2018. Descriptive analysis and multiple regression were used to analyze the data. The study found that the most common level of risk management reporting was in operational risk, while right and investment risk was the less common level of reporting. The study also found a positive relationship between financial risk management reporting and interest payment, while there was a positive relationship between operational risk management reporting and dividend payment. Moreover, the study found a relationship between risk management reporting a cost of capital and profitability.