The prime objective of the current study is to investigate the total sovereign debt on the economic growth of Thailand. Since domestic debt is considered to be an economic growth stimulator particularly during the period of recession, therefore, its instruments are intended to analyze in this research. In a country, the lack of funds may negatively influence economic growth, therefore, most countries like to use external debt to finance its expenditures, such as Thailand. This situation can be improved by focusing on these countries developmental research. In Thailand, the information scarcity regarding domestic debt acts as a policy constraint while designing an effective domestic debt mobilization policy. Thus, the present study predominantly aims to investigate the domestic debt effects on Thailand economic growth. The study has examined the domestic debt effects on the economic growth, during 1998-2018. The variables used in this study are extracted from the previous literature and the theoretical framework used in this study. The key variables analyzed are Treasury bills, Government securities, and Investment issues, not forgetting the loans mainly housing loans fund, market loans of Thailand. The study has used the Johansen and Juselius co-integration approach to examine the long run relationship while ECM approach was used to see the speed of adjustment in the short run. Furthermore, we have conducted the Lagrange Multiplier test to all variables to check the presence of autocorrelation. The results show that there is no autocorrelation in the variables. For the instrument of Government securities, we have found that all the variables which are financial sector, social security institutions, insurance companies, and financial sector show a statistically significant result in long run analysis. On the other hand, short run analysis based on ECM model shows that social security institution, insurance companies, financial sector and foreign holders turn to be significant while public sector show insignificant results. The result for ECM also shows that the model is well adjusted in the short run.

Purpose—The motive of this study is to examine the IFRS (International Financial Reporting Standards) and to investigate the influence of its introduction on earning management in the companies (registered as public listed companies) of Malaysia, as the idea of IFRS is to make the statements of the companies more transparent and comparable. Design/Methodology/Approach—100 firms listed on Bursa Malaysia (Stock exchange) were taken for the sampling of data and were investigated to examine the quality of accounting information. In this study, the motive was to evaluate and measure the Earning Management Score (EMS) with respect to the context of Malaysian listed companies. It is based upon cross-sectional study which was introduced by Kothari et al. (2005) and later modified by Jones. The discretionary accruals in this study are evaluated on the basis of the historical estimations of the industry. Findings—The findings of this research suggests that IFRS influences the recognition of the losses in financial statements which depends upon the disclosure requirements and also the relevance of the financial data. Research Limitations/Implications—Every research is bounded by certain limitations. Similarly, in this study there were also few limitations encountered. Firstly, this study covers only one aspect of IFRS which is observance of the intensity of Earning Management, Therefore the conclusion is drawn towards that respective aspect only. Also, the EM (Earning management) is not only and always apprehended via the accrual models, so in future reference other models can be used as well. Finally, this study was based on cross-sectional approach which assumes that all the firms in the industry tend to have same accruals. Whereas, in reality companies differ from each other in structure, characteristically and in all aspects.