FACTORS RELATED TO THE CAPITAL STRUCTURE OF THAI FINANCIAL INDUSTRY
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Abstract
This study aims to study the factors related to the capital structure of the Thai financial industry, in which the samples consist of banks and finance and security companies listed in the Stock Exchange of Thailand. The collected data are from 2018 - 2020, which were derived from the SETSMART database. The study employed a multiple regression analysis for investigating the relationships between the four independent variables, namely – profitability (PROA), tangible assets (FIXA), firm size (SIZE), assets growth (AGRW) and the dependent variable - debt ratio (DEBT).
The study found that the variables - tangible assets (FIXA), firm size (SIZE) and debt ratio (DEBT) are statistically different when the comparative study between bank group and finance and security group is concerned. Besides, it was found that profitability ratio (PROA) has a negative relationship with capital structure (DEBT) statistically, while tangible assets (FIXA) and firm size (SIZE) have statistically and significantly positive relationships with debt ratio (DEBT). These findings aligned with the set hypotheses. However, there was no statistically significant relationship between the firm growth (AGRW) and the capital structure of the Thai financial industry.
Article Details
เนื้อหาและข้อมูลในบทความที่ลงตีพิมพ์ในวารสารสภาวิชาชีพบัญชี ถือเป็นข้อคิดเห็นและความรับผิดชอบของผู้เขียนบทความโดยตรงซึ่งกองบรรณาธิการวารสารไม่จำเป็นต้องเห็นด้วยหรือร่วมรับผิดชอบใด ๆ
บทความ ข้อมูล เนื้อหา รูปภาพ ฯลฯ ที่ได้รับการตีพิมพ์ในวารสารสภาวิชาชีพบัญชี ถือเป็นลิขสิทธิ์ของวารสารสภาวิชาชีพบัญชี หากบุคคลหรือหน่วยงานใดต้องการนำข้อมูลทั้งหมดหรือบางส่วนไปเผยแพร่ต่อหรือเพื่อกระทำการใดๆ จะต้องได้รับอนุญาตเป็นลายลักษณ์อักษรจากวารสารสภาวิชาชีพบัญชี ก่อนเท่านั้น
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ภาษาไทย
ตลาดหลักทรัพย์แห่งประเทศไทย. (2563). หลักการบริหารการเงินฉบับย่อสำหรับการลงทุนในบริษัทจดทะเบียน. สืบค้นจาก https://www.set.or.th/set/education/ knowledgedetail.do?contentId=576&type=article
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