The Effects of Cash Flows and Capital Structure on Stock Prices and Dividend Yields of Companies Listed on the Stock Exchange of Thailand Service Industry Group

Abstract

The purpose of this study was the effects of cash flows and capital structure on stock prices and dividend yields of companies Listed on the stock exchange of Thailand service industry group. This research is quantitative research. collect information by using the data record form as a tool to collect secondary data from the financial statements during the year 2019 - 2021 Data were analyzed with a statistical package for descriptive statistical analysis. Including the applied values and the standardized portion values to describe the general nature. Data were analyzed by a statistical package using descriptive statistical analysis, including percentage, mean and standard deviation to describe general characteristics of the variables. correlation coefficient analysis to test the relationship of independent variables and multiple regression analysis to test the research hypothesis. The results showed that Cash flow from operating activities and cash flow from investing activities have a positive effect on the price of securities. Sstatistically significant at the 0.05 level. However, cash flows from financing activities and capital structure are in the opposite direction of securities prices. That is, cash flows from financing and structured activities have a negative effect on the price of securities. Sstatistically significant at the 0.05 level. While cash flow from operating activities Cash flows from investing activities have no effect on the dividend yield. Statistically significant at the 0.05 level. Cash flows from financing activities have a negative impact on the dividend yield. Statistically significant at the 0.05 level.