THE IMPACT OF TECHNICAL EFFICIENCY AND FINANCIAL ASSET UTILIZATION ON FINANCIAL PERFORMANCE AND MARKET VALUES OF THAI LISTED COMPANIES IN FINANCIAL SECTOR
Keywords:
Technical Efficiency, Financial Asset Utilization, Financial Performance, Market ValuesAbstract
This research aimed to study the impact of influence of Technical Efficiency and Financial Asset on Financial Performance and Market Values. This research is quantitative research. The study sample was Financial institutions listed on the Stock Exchange of Thailand. Quantitative research examples combined with 200 examples. The statistics used for data analysis is inferential statistics with path analysis by using AMOS. The research found that (1) Technical efficiency had a direct influence on financial performance, namely return on assets return on equity, Profit-to-income ratio. (2) The utilization of financial assets had a direct influence on financial performance, namely return on equity. (3) Financial performance had a direct influence on the value of the organization according to the market-to-book price ratio, namely return on assets. (4) Financial performance had a direct influence on the value of the organization according to the price-to-book ratio, namely return on equity, Profit-to-income ratio. Model analysis based on research hypothesis. It was found that the research hypothesis model was consistent with the empirical data Chi-square = 9.387, df = 4, p = .52, Chi-Square/df = 2.346, CFI= .993, GFI = .988, RMSEA = .082
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