Sustainable Business Accounting and Management Review

Trend and Prospects of Mergers & Acquisitions in Thailand: Opportunities and Challenges for Investors

2026-01-24T00:07:25+00:00

Purpose: The study uses a qualitative approach, analyzing secondary data from government publications, financial databases, policy documents, and M&A case studies from the past decade. The data was analyzed thematically to identify consistent patterns across industries and investor segments.

Method: To achieve this aim, the study adopts a qualitative approach, utilizing secondary data derived from government publications, financial databases, policy documents, and recorded M&A case studies from the past ten years. Data were analyzed through thematic interpretation to identify consistent patterns across industries and investor segments.

Findings: The findings show that energy, finance, real estate, and digital industries lead M&A activity in Thailand. Foreign investors, particularly from Japan, China, and Singapore, play a key role, driven by ASEAN integration and pro-investment policies. Nevertheless, issues regarding regulation and licensing, as well as post-merger integration obstacles, continue to be significant challenges.

Implication: This discovery indicates that Thailand has strong potential as a regional M&A hub, supported by digitalization and post-pandemic changes. Regulatory adjustments are made to demonstrate ownership are expected to increase investor confidence. In addition, companies engaging in M&A must adapt to existing regulatory and cultural barriers.

Originality: Focusing on Thailand rather than the broader ASEAN context is the originality of this article. By incorporating sectoral trends and regulatory analysis, this study is expected to provide a clearer and more easily understood perspective for both investors and policymakers, as well as academics seeking insights into the ever-growing M&A landscape in Thailand.

Evaluasi Penerapan Prosedur Audit Persediaan terhadap Kesesuaian Standar Audit 501: Studi Empiris pada Kantor Akuntan Publik MNR

2025-12-09T02:29:27+00:00

Purpose: This study aims to analyze the implementation of inventory audit procedures at MNR Public Accounting Firm (KAP) and evaluate their compliance with Auditing Standard (SA) 501.

Method: The research uses a descriptive qualitative approach through primary data collection via interviews and observations, supported by secondary data consisting of audit standards and relevant literature.

Findings: The results show that MNR Public Accounting Firm has implemented systematic inventory audit procedures, including physical observation, examination of the final inventory list, verification of consignment stock, cut-off reconciliation, review of damaged goods, analytical procedures, and evaluation of subsequent events. All procedures are aligned with the requirements of SA 501, indicating compliance with professional public accounting standards.

Implications: This study highlights the practical application of SA 501 in inventory audits and may serve as a reference to enhance audit quality in future financial statement audit practices.

Originality: This research provides empirical insight into real audit practices within a public accounting firm, specifically focusing on inventory audits and their conformity with SA 501.

Merger dan Akuisisi: Refleksi Transformasi Bisnis di Malaysia – Studi Literatur

2026-01-24T02:02:43+00:00

Purpose: This study aims to examine the patterns, reasons, and effect of merger and acquisitions (M&A) company in Malaysia. This study seeks to understand the extent to which M&A contributes to company performance, financial results, and long-term sustainability, taking into account environmental, social, and governance (ESG) factors in the banking sector.

Method: This study uses a qualitative literature review approach by combining various findings from empirical research, journal articles, and case studies on M&A practices in Malaysia and Asia. Data was sourced from 20 academic publications published between 2015-2025 at google scholar, focusing on four indicators: trends, motivations, impacts, and sustainability factors.

Findings: The findings indicate that M&A trends in Malaysia are unstable due to economic conditions, regulatory factors, and external shocks such as the Covid-19 pandemic. These results suggest that value creation through M&A is mixed and highly dependent on strategic alignment, governance, and execution effectiveness, while sustainability and ESG considerations increasingly influence M&A decisions.

Implications: The result of the study emphasize the importance of financial institutions in assessing the suitability of strategies, integration capabilities, and ESG factors to create long-term value. In addition, this study also highlights the need for policymakers to play an active role in strengthening regulatory oversight so that M&A practices can be more sustainable.

Originality: The originality of this research lies in the integration of M&A analysis with sustainability and ESG perspectives, resulting in a more comprehensive understanding of corporate’s practices. The novelty of this study is in the approach that combines financial and non-financial factors, which were rarely highlighted before.

ABSTRAK:

Tujuan: Penelitian ini memiliki tujuan untuk mengkaji pola, alasan, dan pengaruh dari merger dan akuisisi (M&A) perusahaan di Malaysia. Studi ini ditujukan untuk memahami sejauh mana M&A berkontribusi terhadap performa perusahaan, hasil finansial, serta keberlangsungan jangka panjang dengan memperhatikan faktor lingkungan, sosial, dan tata kelola (ESG).

Metode: Penelitian ini menggunakan pendekatan kajian literatur kualitatif dengan menggabungkan berbagai temuan dari penelitian empiris, artikel jurnal, dan studi kasus mengenai praktik M&A di Malaysia dan Asia. Data bersumber dari 20 publikasi akademik terbitan 2015-2025 di google scholar, dengan fokus pada empat indikator: tren, motivasi, dampak, dan faktor keberlanjutan.

Temuan: Hasil penelitian menunjukkan bahwa tren M&A di Malaysia tidak stabil akibat kondisi ekonomi, regulasi, dan guncangan eksternal seperti pandemi Covid-19. Temuan ini menunjukkan bahwa penciptaan nilai melalui M&A bersifat campuran dan sangat bergantung pada keselarasan strategi, tata kelola, serta efektivitas eksekusi. Sementara itu, aspek keberlanjutan dan ESG semakin berperan dalam mempengaruhi keputusan M&A.

Implikasi: Hasil penelitian menegaskan pentingnya lembaga keuangan dalam menilai kesesuaian strategi, kemampuan integrasi, serta faktor ESG untuk menciptakan nilai jangka panjang. Selain itu, penelitian ini juga menyoroti perlunya peran aktif pembuat kebijakan dalam memperkuat pengawasan regulasi agar praktik M&A dapat berjalan lebih berkelanjutan.

Orisinalitas: Keunikan penelitian ini terletak pada integrasi analisis M&A dengan perspektif keberlanjutan dan ESG, yang memberikan pemahaman yang lebih komprehensif tentang praktik korporasi. Keunikan studi ini terletak pada pendekatannya yang menggabungkan faktor keuangan dan non-keuangan, yang sebelumnya jarang ditekankan.

Kata kunci: Merger dan akuisisi; Perusahaan; Malaysia.

Analysis of M&A and Foreign Direct Investment Opportunities as Corporate Business Strategies in Singapore

2026-01-24T10:49:35+00:00

Purpose: This research intends to examine the impact of Merger and Acquisition (M&A) and Foreign Direct Investment (FDI) on enhancing Singapore’s economic development and business viability. The primary emphasis is to comprehend how regulatory consistency, geographic benefits, and investment-friendly policies bolster Singapore’s status as an international investment center.

Method: This study utilizes a qualitative method via literature review, integrating research and secondary data from the past decade. The examination emphasizes macroeconomic metrics, investment patterns, and non-financial elements affecting the success of M&A and FDI.

Findings: The study shows that mergers and acquisitions (M&A) help companies become more competitive by creating synergies, reducing costs, and exchanging knowledge. Meanwhile, foreign direct investment (FDI) is crucial for driving long-term economic growth, particularly in the services and technology sectors. However, financial performance alone is not enough to assess success. Other factors such as good corporate governance, effective management, and alignment with the Sustainable Development Goals (SDGs) also play a significant role. Furthermore, stable regulations, a strategic location, and supportive policies make Singapore a global investment hub.

Implication: This research links M&A and FDI to investment attractiveness in Southeast Asia. The results can help policymakers create more flexible regulations and companies strategize after mergers.

Originality: This study provides a comparative viewpoint on M&A and FDI in Singapore, highlighting the significance of non-financial factors. The innovation is found in its incorporation of strategic, managerial, and sustainability elements in addition to merely financial metrics.