Determinants of Capital Structure of Listed Companies in Thailand

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University of the Thai Chamber of Commerce. School of Business
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University of the Thai Chamber of Commerce
Date Issued
2011
Resource Type
Text::Report::Research report
Language
English
Abstract
The determinants of capital structure of 81 listed companies from 6 industries on the Stock Exchange of Thailand from 2004 to 2008 are investigated. After controlling for industry, profitability, size, and tangibility affect leverage significantly. Firms with low profitability, large size, and low tangibility have high leverage. However, growth and volatility do not determine leverage. Furthermore, firms in retail business sector of service industry acquire more funds from short-term debt in order to align with their short-term assets from daily operations.
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Research Support Office, UTCC
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University of the Thai Chamber of Commerce
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Open access
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This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
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University of the Thai Chamber of Commerce
Bibliographic Citation
Wanrapee Banchuenvijit (2011) Determinants of Capital Structure of Listed Companies in Thailand.
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