INFLUENCE OF FINANCIAL RATIO ON DIVIDEND PAYOUT RATIO OF COMPANIES LISTED ON THE STOCK EXCHANGE OF THAILAND, SET100
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Abstract
The objective of this study was to evaluate the influence of financial ratio on the dividend payout ratio of companies that listed in the Stock Exchange of Thailand, SET100 group. A total of 66 companies were analyzed. There were six financial ratios: return on equity, current ratio, debt to asset ratio, cash flow operating to total assets ratio, sales growth rate, and share price and book value ratio which were secondary data compiled from annual financial statements for five years from 2016 to 2020. The data were analyzed by mean, standard deviation, minimum, maximum and multiple regression analysis.
The results showed significantly positive influences of the return on equity, and the cash flow operation to total asset on dividend payout ratio at the statistical significance level of 0.10. The Current Ratio, Debt to Total Asset, Sales Growth rate, and share Price to Book Value ratio had no influence on the dividend payout ratio at the statistical significance level of 0.10.
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บทความทุกเรื่องได้รับการตรวจความถูกต้องทางวิชาการโดยผู้ทรงคุณวุฒิ ทรรศนะและข้อคิดเห็นในบทความวารสารบัณฑิตศึกษา มหาวิทยาลัยราชภัฏวไลยอลงกรณ์ ในพระบรมราชูปถัมภ์ มิใช่เป็นทรรศนะและความคิดของผู้จัดทำจึงมิใช่ความรับผิดชอบของบัณฑิตวิทยาลัย มหาวิทยาลัยราชภัฏวไลยอลงกรณ์ ในพระบรมราชูปถัมภ์ กองบรรณาธิการไม่สงวนสิทธิ์การคัดลอก แต่ให้อ้างอิงแหล่งที่มา
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