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Entrepreneurial Capability and the Influence of Family Businesses in the Thai economicsystem |
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| รหัสดีโอไอ | |
| Creator | Akachai Apisakkul |
| Title | Entrepreneurial Capability and the Influence of Family Businesses in the Thai economicsystem |
| Contributor | Sirirath Boonrugsa |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2566 |
| Journal Title | Journal of Family Business and Management Studies |
| Journal Vol. | 15 |
| Journal No. | 2 |
| Page no. | 175-188 |
| Keyword | Family businesses, Entrepreneurial Capability, Family businesses in Thailand, Gross Domestic Product, GDP, Business Administration, Influence ofFamily Businesses |
| URL Website | www.fbmsjournal.com |
| Website title | fbmsjournal |
| ISSN | 2821-9643(online) |
| Abstract | This research aims to study Entrepreneurial Capability and the Influence of Family Businesses in the Thai economic system, in which at least one of the families conducts business as a shareholder and Participative Management. The secondary data collection of 1,967 companies from the Department of Business Development and the Ministry of Commerce was collected to analyze the overview, situation of family businesses, and the Influence of Family Businesses on the Gross Economic system of Thailand. The finding of the sampling group showed the portion of family businesses in Thailand as a Company Limited about 80.12%, 69.49% registered in SET, and 72.43% in MAI. The study indicated that family businesses had higher Entrepreneurial Capability than nonfamily businesses, especially family businesses as a Company Limited would get higher average return Net Profit of Cash Flow from Operating per total revenue, Net profit per total revenue, and Debt to Equity Ratio than non-family businesses. Family businesses registered in SET get higher Return on Assets, Gross Profit margin per total revenue, Net Profit of Cash Flow from Operating per total revenue, and Net profit per total revenue than non-family businesses. While family businesses registered in MAI also had higher average Return on Equity, Gross Profit margin per total revenue, Net Profit of Cash Flow from Operating per total revenue, Net profit per total revenue, and Debt to Equity Ratio than non-family businesses. Therefore, family businesses could enhance value creation on private consumption to 11,524,151,958,755 THB when compared to Thai GDP in total 16,178,719,000,000 THB or calculated at 71.23% of GDP, so it could be said that family businesses are an essential driver of economic progress of Thailand accordingly. |
