The Relationship between Cash flow and Asset management with the Market value of the Companies Listed in the Stock Exchange of Thailand

Abstract

This research aimed to study the relationship between Cash flow and Asset management with the Market value of the Companies Listed in the Stock Exchange of Thailand. The accounting accruals were measured by using Price to Earnings (P/E) Ratio Price to Book Value (P/BV) Ratio and Dividend Yield (DY). The data studied were from 166 companies in the Stock Exchange of Thailand in a total of 498 data during 2018-2020. The data were analyzed by using statistical tests: the analysis by using descriptive statistics is minimum, maximum, Mean and standard deviation the correlation coefficient analysis to test the relationship between the independent and dependent variables and the hypothesis. The results of the study showed that Total assets turnover ratio had the negative relationship with price to earnings ratio and inventory turnovers ratio having the positive relationship with price to earnings ratio with the statistical significance at the level of 0.01 Cash flows from Operating Activities Total assets turnover ratio Inventory turnovers ratio having the positive relationship with price to book value ratio with the statistical significance at the level of 0.01 Cash Flows from Investing Activities Cash Flows from Financing Activities had the negative relationship with price to book value ratio with the statistical significance at the level of 0.05 Total assets turnover ratio having the positive relationship with Dividend Yield and inventory turnovers ratio had the negative relationship with Dividend Yield with the statistical significance at the level of 0.01