Capital Structure and Liquidity Management and Stock Valuation Of the companies in the real estate and construction group of industry listed on the Stock Exchange of Thailand

Abstract

 Thisresearchpaperpresents the impact of capitalstructure and liquiditymanagement on thevaluation of shares of realestateandconstructioncompanieson the StockExchangeofThailand.Thedatawascollected from the financialstatementsduring the year2020-2022of81companiesfromthecompany'sdatabaseontheStockExchangeofThailand.Thestatisticsusedintheresearcharedescriptivedata analysis andcorrelationcoefficientanalysis. Multiplesregressionanalysis. The results show that the capitalstructureisnegativelycorrelatedwiththevaluationofthecompany'sshares.Liquiditymanagement and equity management correlatepositivelywith the Company's share valuation,andwhenmeasuredfrom the price-to-bookvalue ratio, it was foundthattheworkingcapitalratiowasnegativelycorrelatedwiththesharevaluation.Inaddition,from the correlationofliquiditymanagement with stockvaluation, it was foundthat the quick-working capitalratiowaspositivelycorrelatedwiththestockvaluation.Asforcapitalstructureand stock valuation, it was foundthat the ratioof total liabilitiestototalassetswasnegativelycorrelatedwiththestockvaluation. Whereasliquiditymanagementandstockvaluationaremeasuredbyprice-to-bookvalueratios, it was foundthat the working capital ratio was negativelycorrelated with the stock valuation, and the quickworkingcapitalratiowaspositivelycorrelatedwiththestockvaluation. As for capitalstructureandvaluation of sharesmeasuredfrom the rate of changeinsecuritiesprices, itwasfoundthat the ratio of total debt to equityisnegativelycorrelatedwith the valuation of shares,andtheratiooftotalliabilitiestototalassets ispositivelycorrelatedwithstockvaluation.