The Ownership Structure and the Capital Structure on Profit Stability of Businesses in the COVID-19 Situation: Evidence from 135 Companies of SETHD Group in the Stock Exchange of Thailand
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Abstract
This research aims to explore the ownership structure and the capital structure on profit stability of businesses in the COVID-19 situation, as evidenced by 135 companies of SETHD group in the Thailand Stock Exchange. Statistics used in the research include maximum value, minimum value, means, standard deviation, and multiple regression analysis.
The results found that a concentrated ownership structure positively correlates with profit stability. Meanwhile, a dispersed ownership structure has a negative relationship with profit stability. In addition, capital structure does not have a relationship with profit stability. Then, managers of listed firms in the SETHD group should plan and set the shareholder structure to enable the organization to continue to drive better.
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