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Internal Factors and External Factors Influencing the Market for AlternativeInvestment Index (MAI Index) |
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| รหัสดีโอไอ | |
| Creator | Thanapon Wimoonard |
| Title | Internal Factors and External Factors Influencing the Market for AlternativeInvestment Index (MAI Index) |
| Publisher | Mahasarakham University |
| Publication Year | 2568 |
| Journal Title | Journal of Humanities and Social Sciences Mahasarakham University |
| Journal Vol. | 44 |
| Journal No. | 6 |
| Page no. | 1030-1041 |
| Keyword | MAI Index, Internal Factors, External Factors, Economic Factors |
| URL Website | https://so03.tci-thaijo.org/index.php/humsujournal |
| Website title | Journal of Humanities and Social Sciences Mahasarakham University |
| ISSN | 2672-9733 (Online) |
| Abstract | This study examines the internal and external factors influencing the Market for Alternative Investment Index (MAI Index) from January 2014 to December 2023, totaling 120 months. Data were collected from secondary sources, including the Stock Exchange of Thailand, the Bank of Thailand, and the Office of Trade Policy and Strategy under the Ministry of Commerce. Descriptive statistics, correlation tests, and multiple regression equations were used to analyze the data. The study results indicate that internal factors such as 1) the price-to-earnings ratio and 2) the price-to-book ratio positively influence the MAI Stock Market Index. In contrast, the dividend yield ratio negatively impacts the Market for Alternative Investment Index (MAI Index). Additionally, when considering external factors such as 1) the value of foreign investor purchases in the MAI, 2) the USD/THB exchange rate, and 3) the minimum lending rate charged to prime customers, these factors positively influenced the MAI Stock Market Index. However, the Consumer Price Index negatively affects the MAI Stock Market Index. In conclusion, internal and external factors influence the Market for Alternative Investment Index (MAI Index). |
