The Impact of Capital Structure and Cash Flow on Stock Return of Listed Companies in the Stock Exchange of Thailand

Abstract

     The research aimed to study the impact of capital structure consisting of the shareholding ratio of major shareholders, shareholding ratio of institutional investors, shareholding ratio of foreign investors,  shareholding ratio of executives and cash flow consisting of cash flow from operations activities, cash flow from investment activities and cash flow from financing activities affecting on the rate of return of securities of listed companies in the Stock Exchange of Thailand. By the quantitative research data were collected from 2014-2018 total of 5 years. Data analysis for hypothesis testing using multiple regression analysis methods at a significant level of .05. The results of this research found that cash flow does not have any effect on the rate of return of securities. As for the capital structure affecting the rate of return of securities with a statistical significance of .05.