THE RELATIONSHIP BETWEEN CAPABILITIES TO FINANCING ACTIVITIES AND PERFORMANCE OF LISTED COMPANIES IN THE STOCK EXCHANGE OF THAILAND

Abstract

         This research article its objectives are to study the relationship between capabilities to financing activities and performance of listed companies in the Stock Exchange of Thailand (SET). The research methodology is quantitative research from the population, which are listed companies in the Stock Exchange of Thailand from 8 industrial groups, namely Agro and Food Industry, Technology, Resources, Services, Financials, Industrials, Consumer Products, Property and Construction. The population is 473 companies, totaling of 2,365 samples. Data collection from the financial statements and the financial ratios during the year 2015 to 2019 (5 years). An analysis has been completed by a statistic analyzing program to obtain various descriptive statistics such as Frequency, Percentage, Minimum, Maximum, Mean and Standard deviation. The statistics used in hypothesis testing are Multiple Regression Analysis. The results of the research found that net cash from equity offering are negatively correlated with the return on assets, return on equity, earnings per share, net profit margin, dividend yield are supported with statistical significance at the level 0.01 and gross profit margin, operating profit margin are supported with statistical significance at the level 0.05 were follow the hypothesis. Also the results showed that there are not  a meaningful relationship between net cash from bank overdrafts and short-term loan borrowings, long-term loan borrowings, debentures, bill of exchange with the financial ratios which does not conform to the hypothesis.