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Working capital management and profitability of SMEs in Thailand |
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| รหัสดีโอไอ | |
| Creator | Wanrapee Banchuenvijit |
| Title | Working capital management and profitability of SMEs in Thailand |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2560 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 9 |
| Journal No. | 2 |
| Page no. | 156-165 |
| Keyword | working capital management, profitability, SMEs, Thailand |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | The purpose of this study is to examine the effect of working capital management on the profitability of SMEs in Thailand by employing the sample of 15 listed companies on the Market for Alternative Investment (mai) in the industrial industry group. The quarterly financial data from 2011 to 2015 are used. The statistically significant results from the multiple regression with ordinary least squared show that payables deferral period and sales growth positively affect the profitability of SMEs. In addition, current assets to total assets ratio and current liabilities to total assets ratio negatively affect the profitability of SMEs. Therefore, SMEs with longer payables deferral period, higher sales growth, lower current assets to total assets ratio, and lesser current liabilities to total assets ratio can generate more profit. |
