Relationship between accounting environment, accounting professional ethics, and sufficiency economy philosophy for sustainable business management on the Thai Stock Exchange

Abstract

The accounting environment, accounting professional ethics, and sufficiency economy philosophy were the significant factors in this study. The purposes of this research were 1) to determine the structural equation model of these factors for Stock Exchange companies and 2) to develop the causal factors and relationship structure of the three factors using a questionnaire. The samples consisted of 200 accounting executives who analyzed the data using a statistical package for social sciences. The results showed that the structural equation model was consistent with the empirical data as a measure of consistency. These findings prove that the conceptual framework of the sufficiency economy philosophy is the core of professional accounting ethics and environmental accounting related to sustainable business management, thus leading to new financial knowledge in Thailand. Reference to this paper should be made as follows: Tonglad, P. and Kamwass, S. (2021). ‘The relationship structure of accounting environment, accounting professional ethics and the sufficiency economy philosophy towards sustainable business management of companies registered in the Stock Exchange of Thailand’, Int. J. Business Excellence, Vol. , No. , Biographical notes: Pornchanok Tonglad is a lecturer who completed her PhD from Ramchamhang Univerisity. This manuscript is a work of her own based on the work experience working as associate professor of accounting at Lampang Rajabhat University, Thailand. Supunnee Khamwass is a lecturer who completed her PhD in the Dhurakij Pundit University, Thailand. She works on the accounting program, Faculty of Management Science, Lampang Rajabhat University, Thailand.