GS: Dissertations

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Browsing GS: Dissertations by Author "Akachai Apisakkul"

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    Economic factors affecting the financial stability of the family business in Thailand
    (University of the Thai Chamber of Commerce (UTCC), 2023)
    Chanatip Lekhakul
    ;
    Akachai Apisakkul
    ;
    School of Business
    ;
    University of the Thai Chamber of Commerce. School of Business
    Global uncertainty is a time when unexpected events occur that have a negative impact on a company. Unforeseen world situations lead to economic disaster. Therefore, decisions must be made quickly, correctly, and appropriately so as not to affect the entire operation of the organization. This is a clear action to reduce negative impacts. A crisis is an event that can destroy a company, its employees, its products, and its services. and the company's financial health, such as the spread of the coronavirus. Serious financial conditions can result from an economic disaster that is not managed. Events that have wideranging social impacts are considered crises. The financial reputation of commercial companies may be permanently damaged by this crisis. For this reason, this study aims to examine whether economic factors affect the financial stability of family businesses. Structural equation modeling techniques were used to analyze the data. There are more than 269 family companies listed on the Thai Stock Exchange. (Stock Exchange of Thailand: SET) Research results show the financial impact of Thai family businesses on business factors. The global economy is important in the current economic crisis. As a result, preparing to deal with both negative and positive economic situations may be related to and affect the ability of family businesses to maintain financial stability amid global economic instability. This study examines the financial stability of family businesses by selecting key factors including net profit margin (NPF), return on assets (ROA), and return on equity (ROE) in an unstable economy in Thailand. in the Stock Exchange of Thailand by the study of economic factors and financial stability of family businesses in Thailand. There is statistical significance whether there is a relationship or no relationship to determine whether the sustainability of family business operations in times of change, economic factors, and performance factors of family businesses will remain the same or change to the period as well
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