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Bank-specific and macroeconomic factors related to bank profitability and stock return in Thailand |
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| รหัสดีโอไอ | |
| Creator | Junevio Antonio Silva Ximenes |
| Title | Bank-specific and macroeconomic factors related to bank profitability and stock return in Thailand |
| Contributor | Li Li |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2561 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 10 |
| Journal No. | 1 |
| Page no. | 119-138 |
| Keyword | Bank-Specific, Macroeconomic, bank profitability, stock return |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | The study investigated the relationship of bank-specific and macroeconomic factors on bank profitability and stock return of commercial banks listed in Stock Exchange of Thailand (SET). The study used multiple regression of quarterly data from 2004-2013. Bank profitability and stock return were used as dependent variables. While, bank-specific and macroeconomic variables were used as independent variables. The dummy variable of Financial Sector Master Plan also used in the study. The results showed that asset size, capital adequacy, liquidity, main source of banks funding have positive and significant relationship on bank profitability. Dummy variable has positive and significant relationship on stock return. While, operational efficiency, credit risk, inflation rate and real interest rate have negative and significant relationship on bank profitability and stock return. Asset quality and GDP are insignificant to bank profitability and stock return. |
