Browsing by Subject "Capital"

Now showing items 1-2 of 2

  • Thumbnail

    Asean market integration: the impact on capital flow and cost of capital 

    Yeamyut Sangkittipaiboon; Montree Socatiyanurak (National Institute of Development Administration, 2016)

    The objectives of this research were as follows: 1) To analyze and compare the impacts of the SET Index on capital flow and cost of capital before and after the ASEAN market integration; 2) To identify the relationship between the SET Index and the indices of the ASEAN stock exchanges before and after ASEAN Market Integration; and 3) To find out the relationship between the SET Index and the index of the MSCI World and that of the Tokyo Stock Exchange before and after the ASEAN market integration. The data for the correlation study were the indices ...
  • Thumbnail

    Capital structure and market power 

    Prajya Ngamjan; Aekkachai Nittayagasetwat (National Institute of Development Administration, 2016)

    Employing a sample set of 289 Thai listed firms during 2005-2014, the research found that leverage leads to increasing market power as measured by Tobin’s Q and sales growth. The explanation is given by the limited liability theory; that is, a firm employs debt as a commitment tool to compete aggressively in product markets. The main finding remained robust through different leveraged firms/groups, different market concentration groups, different time periods, and in different industrial sectors. Additionally, leverage had stronger effects ...