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Evaluating the Relationship Between Financial Ratios and Firm’s Total Stock Returns: A Study of Thai Banking Firms |
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| รหัสดีโอไอ | |
| Creator | Keertiman Sharma |
| Title | Evaluating the Relationship Between Financial Ratios and Firm’s Total Stock Returns: A Study of Thai Banking Firms |
| Contributor | Kristian Luciani |
| Publisher | Luangporyai Association |
| Publication Year | 2566 |
| Journal Title | International Journal of Multidisciplinary in Management and Tourism |
| Journal Vol. | 7 |
| Journal No. | 2 |
| Page no. | 163-178 |
| Keyword | Financial ratios, Total stock returns, Rank normalization, Financial statement analysis, Thai banking firms |
| URL Website | https://so03.tci-thaijo.org/index.php/ijmmt |
| Website title | https://so03.tci-thaijo.org/index.php/ijmmt |
| ISSN | 2730-3306 |
| Abstract | Financial ratios are the cornerstone of financial statement analysis. They aim to analyze financial statements and evaluate the firm's performance, solvency, and efficiency. They benefit stakeholders such as prospective investors, stockholders, lenders, managers, analysts, and the government in their decision-making. Total stock returns provide significant information to those interested in a firm's financial performance. Total stock returns include changes in the stock price and dividends the firm pays. This study explores the relationship between bank-specific financial ratios and the total stock returns of Thai banking firms. The rank normalization method has been used to rank financial ratios. The ranking of banks based on their financial ratios has been compared to and analyzed with the ranking of the banks based on total stock returns. The findings suggest no concrete positive relationship between Thai banks' financial ratios and total stock returns. However, the financial ratio analysis-based ranking was similar to the total stock returns ranking. |
