|
FINANCIAL RATIOS AND STOCK PRICES: EVIDENCE FROM THE AGRICULTURE FIRMS LISTED ON THE STOCK EXCHANGE OF THAILAND |
|---|---|
| รหัสดีโอไอ | |
| Creator | Wanrapee Banchuenvijit |
| Title | FINANCIAL RATIOS AND STOCK PRICES: EVIDENCE FROM THE AGRICULTURE FIRMS LISTED ON THE STOCK EXCHANGE OF THAILAND |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2559 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 8 |
| Journal No. | 2 |
| Page no. | 22-29 |
| Keyword | Agriculture firms, Stock prices, Financial ratios, the Stock Exchange of Thailand |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | The objective of this study is to examine the effect of financial ratios on the agriculture firms'stock prices. The samples are 4 companies listed on the Stock Exchange of Thailand in the agribusiness sector with the complete monthly data of current ratio, debt to equity ratio, net profit margin ratio, total assets turnover ratio and stock prices from June 2005 to June 2015. This study also uses agriculture production index as a control variable. The companies studied include Sri Trang Agro-Industry Public Company Limited (STA), Thai Rubber Latex Corporation (Thailand) Public Company Limited (TRUBB), United Palm Oil Industry Public Company Limited (UPOIC) and Univanich Palm Oil Public Company Limited (UVAN).After applying the multiple regression analysis, the results show that current ratio, net profit margin ratio and total assets turnover ratio positively affect stock prices at the statistical significance level of 0.01. However, debt to equity ratio negatively affects stock prices at the statistical significance level of 0.01. |
