Cash flow and firm growth in the Coronavirus Disease 2019 (COVID-19) pandemic situation of Companies Listed on the Thai Stock Exchange

Authors

  • Premarat Vilalai College of Innovative Business and Accountancy, Dhurakij Pundit University
  • Pornchanok Chaleampong Faculty of Social Technology, Rajamangala University of Technology Tawan-ok Chanthaburi Campus

Keywords:

Cash Flow, Firm Size, Firm Growth, Coronavirus Disease 2019 (COVID-19)

Abstract

This research is to study the effect of cash flow and business size on business growth in the situation of COVID-19 of listed companies on the Stock Exchange of Thailand. This research sample uses listed companies to announce B.E. 2018-2021, 7,103 samples explained. The statistics used in the analysis were descriptive statistical analysis. And multiple regression statistical analysis the study found that operating cash flow cash flow from financing cash flow from investments and the size of the business has an impact in the same direction as the growth of the business in the situation of the COVID-19 pandemic, indicating that businesses with increased cash flow from operations, financing and investments, as well as increased business size during the COVID-19 pandemic, have resulted in the growth of business in the country also increased because consumers have to spend money to buy consumer goods to survive in the pandemic situation resulting in various businesses. Related to that situation, there is an increase in cash flow.

References

จินตนา จันอ้น. (2559). ความสัมพันธ์ระหว่างกระแสเงินสดจากกิจกรรมจัดหาเงินกับผลการดำเนินงานในอนาคต กรณีศึกษา: บริษัทจดทะเบียนหมวดธุรกิจพลังงานและสาธารณูปโภคในตลาดหลักทรัพย์แห่งประเทศไทยและตลาดหลักทรัพย์เอ็ม เอ ไอ [การค้นคว้าอิสระปริญญามหาบัณฑิต, มหาวิทยาลัยหอการค้าไทย]. UTCC Central Library. https://searchlib.utcc.ac.th/library/onlinethesis/264665.pdf

ปราโมทย์ ยอดแก้ว. (2564). การตลาดดิจิทัลกับการเปลี่ยนแปลงวิถีชีวิตใหม่ในสังคม. วารสารสังคมวิจัยและพัฒนา, 3(1), 11-22. https://he02.tci-thaijo.org/index.php/JMARD/article/view/250125

Corbet, S., Larkin, C., & Lucey, B. (2020). The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies. Finance Research Letters. 35, Article 101554. https://doi.org/10.1016/j.frl.2020.101554

Lu, W.-C., & Jhuang, R.-L. (2014). Cash flow and growth considering different ownership structure. Journal of Modelling in Management, 9(1), 5-17. https://doi.org/10.1108/JM2-04-2011-0028

Markovic, M., & Stemmer, M. A. (2017). Firm growth dynamics and financial constraints: Evidence from Serbian firms. Centre d’Economie de la Sorbonne. https://shs.hal.science/halshs-01489222/document

Ogbeide, S., & AKanji, B. (2017). A study on the relationship between cash-flow and financial performance of insurance companies: Evidence from a developing economy. Review of International Comparative Management, 18(2), 148-157. https://EconPapers.repec.org/RePEc:rom:rmcimn:v:18:y:2017:i:2:p:148-157

Quartey, P., Turkson, E., Abor, J. Y., & Iddrisu, A. M. (2017). Financing the growth of SMEs in Africa: What are the contraints to SME financing within ECOWAS?. Review of Development Finance, 7(1), 18-28. https://doi.org/10.1016/j.rdf.2017.03.001

Zhang, D., Hu, M., & Ji, Q. (2020). Financial markets under the global pandemic of COVID-19. Finance Research Letters 36, Article 101528. https://doi.org/10.1016/j.frl.2020.101528

Downloads

Published

2024-06-25

How to Cite

Vilalai, P., & Chaleampong, P. (2024). Cash flow and firm growth in the Coronavirus Disease 2019 (COVID-19) pandemic situation of Companies Listed on the Thai Stock Exchange. SUTHIPARITHAT JOURNAL, 38(2), 11–19. retrieved from https://so05.tci-thaijo.org/index.php/DPUSuthiparithatJournal/article/view/267564