THE INFLUENCE OF FINANCIAL LIQUIDITY AND PROFITABILITY ON THE DIVIDEND YIELD OF COMPANIES LISTED ON THE STOCK EXCHANGE OF THAILAND
Article Sidebar
Main Article Content
Abstract
The objective of this research study was to examine 1) the influence of financial liquidity, and 2) the influence of profitability on the dividend yield of companies listed on the Stock Exchange of Thailand. The sample consists of 459 companies, totaling 1,377 data points from the years 2021 to 2023, covering a period of 3 years. The data analysis employed descriptive statistics and multiple regression analysis.
The results of the study indicated that 1) financial liquidity, the quick ratio (QR), and accounts receivable turnover ratio (ART) had a positive influence on the dividend yield at a statistical significance level of 0.05, whereas the current ratio (CR) had a negative influence on the dividend yield at a statistical significance level of 0.05. And 2) profitability, Return on Equity (ROE) had a positive influence on the dividend yield at a statistical significance level of 0.01.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
บทความทุกเรื่องได้รับการตรวจความถูกต้องทางวิชาการโดยผู้ทรงคุณวุฒิ ทรรศนะและข้อคิดเห็นในบทความ Journal of Global of Perspectives in Humanities and Social Sciences (J-GPHSS) มิใช่เป็นทรรศนะและความคิดของผู้จัดทำจึงมิใช่ความรับผิดชอบของบัณฑิตวิทยาลัย มหาวิทยาลัยราชภัฏวไลยอลงกรณ์ ในพระบรมราชูปถัมภ์ กองบรรณาธิการไม่สงวนสิทธิ์การคัดลอก แต่ให้อ้างอิงแหล่งที่มา
References
Akartwipart, A. (2022). Influence of financial ratio on dividend payout ratio of companies listed on the Stock Exchange of Thailand, SET 100. Journal of Graduate Studies Valaya Alongkron Rajabhat University. 17(2), 257-267.
Bhaopichitr, K. (2024). The economy in the Year of the Dragon: is it gold or fire? https://shorturl.asia/3mOXo
Bomrungvat, B. & Penvutikul, P. (2022). Relationship between Debt Affordability Ratios and Stock Dividend. Journal of Graduate School, Pitchayatat. 17(1), 43-54.
Manorostpanich, S. & Mokkhavesa, B. (2023). The relationship between profitability, debt serviceability, and returns on securities of companies in the real estate and construction industry group listed on the Stock Exchange of Thailand. Journal of Management and Local Innovation. 5(7), 76-89.
Miles, J. & Shevlin, M. (2001). Applying regression and correlation: A guide for students and researchers. Sage.
Pedhazur, E. J. (1997). Multiple regression in behavioral research: Explanation and prediction. Thomson Learning.
Songsuk, R. & Sangkarom, T. (2022). The analysis of the relationship between the Financial Ratios and the Return on Investment in Securities of the Energy and Utilities Business Group in the Stock Exchange of Thailand. Journal of Modern Learning Development. 7(6), 327-344.
Stevens, P. (1992). Applied multivariate statistics for the social sciences. Hillsdale.
Sunaryo, D. & Lestari, E. P. (2022). The effect of current ratio, total assets turn over, firm size on debt payout ratio with return on investment as intervening variables. International Journal of Economics, Management, Business and Social Science. 2(1), 46-61.
Taengphu, K. & Chitnomrath, T. (2024). A study of financial ratios affecting dividend payments: A case study of companies listed on The Stock Exchange of Thailand that has paid dividends for 10 consecutive years. Suthiparithat Journal. 38(3), 36-46.
The Stock Exchange of Thailand. (2021). Accredited Investment and Securities Analyst. 3rd ed. Boonsiri Printing.
