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Working Capital Management and Financial Structure that Affect Firm Value of Agro-Industry and Food Industry Group Listed on the Stock exchange of Thailand during the COVID-19 Pandemic |
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| รหัสดีโอไอ | |
| Creator | Shothika Piromsod |
| Title | Working Capital Management and Financial Structure that Affect Firm Value of Agro-Industry and Food Industry Group Listed on the Stock exchange of Thailand during the COVID-19 Pandemic |
| Contributor | Premarat Vilalai, Arisara Thaneerananon |
| Publisher | Faculty of Management Science Nakhon Pathom Rajabhat University. |
| Publication Year | 2565 |
| Journal Title | Journal of Management Science Nakhon Pathom Rajabhat University |
| Journal Vol. | 9 |
| Journal No. | 2 |
| Page no. | 282-293 |
| Keyword | Working Capital Management, Financial Structure, Firm Value |
| URL Website | https://so03.tci-thaijo.org/index.php/JMSNPRU/issue/view/17376 |
| Website title | https://so03.tci-thaijo.org/index.php/JMSNPRU/index |
| ISSN | 2392-5817 |
| Abstract | The COVID-19 crisis has affected the agricultural and food industries, which is the main industrial group that drives the domestic economy. The purpose of this research is to study and analyze the working capital management and financial structure that affect the value of the business during the COVID-19 pandemic, using a financial ratio that reflects the Current ratio, Account receivable turnover ratio, and Inventory turnover ratio. The ratio that reflects the financial structure is the Debt to equity ratio. The profitability-reflecting ratios were Sales growth rate and Tobin's Q ratio. The population in the study were listed companies on the Stock Exchange of Thailand within the Agro-Industry and Food Industry Group, a total of 61 companies. Data analysis was done by using descriptive statistics, correlation coefficient analysis, and multiple regression analysis.The results of the study found that the inventory turnover rate affects the value of the business in the same direction if the inventories turnover rate increases. This will result in an increase in the value of the business and the total debt to equity ratio affects the value of the business in the opposite direction if the total debt to equity ratio decreases will result in an increase in the value of the business. |
