FACTORS AFFECTING CAPITAL STRUCTURE OF LISTED COMPANIES IN SET 100

Authors

  • Sirat Jangruxsakul College of Innovative Business and Accountancy (CIBA), Dhurakij Pundit University
  • Wilas Witheeprai College of Innovative Business and Accountancy, Dhurakij Pundit University
  • Kriangchitti Wirat College of Innovative Business and Accountancy, Dhurakij Pundit University
  • Khattiya Chayapan College of Innovative Business and Accountancy, Dhurakij Pundit University
  • Trairong Thonghattha College of Innovative Business and Accountancy, Dhurakij Pundit University
  • Pattanant Petchchedchoo Academic Affairs, Dhurakij Pundit University

Keywords:

Capital Structure, Index of SET 100, Stock Exchange of Thailand, Correlation Analysis, Multiple Regression Analysis

Abstract

The proper determination of capital structure has certainly affected the higher corporate value. Thus, this leads to the study of factors influencing on the capital structure of companies listed in the index of SET 100 upon the Stock Exchange of Thailand (SET). These factors comprise size, tangible assets, liquidity of assets, growth, profitability, effect of tax benefits, liquidity of cash, operating cash flow, earning and asset structure, respectively. The secondary data were collected from an online database of SET between 2017 and 2019. This listed companies on the Stock Exchange of 100 examples, the number of complete information 216 data. Results analyzed by statistical methods of Pearson correlations and multiple regressions demonstrate that size, growth and effect of tax benefits have a positive correlation on the capital structure, while tangible assets, liquidity, profitability and operating cash flow have a negative correlation on the one.

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References

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Published

2021-03-30

How to Cite

Jangruxsakul , S., Witheeprai, W., Wirat, K., Chayapan, K., Thonghattha, T., & Petchchedchoo, P. (2021). FACTORS AFFECTING CAPITAL STRUCTURE OF LISTED COMPANIES IN SET 100. Suthiparithat, 35(1), 175–193. Retrieved from https://so05.tci-thaijo.org/index.php/DPUSuthiparithatJournal/article/view/249256

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