Association between ownership concentration and leverage in Thailand
- Pathum Thani, Thailand : Asian Institute of Technology, 2004
- 29 leaves : ill.
- Research studies project report ; no. SM-04-127 .
- Asian Institute of Technology. Research studies project report ; no. SM-04-127 .
A research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration, School of Management
Research Studies Project Report (M. Eng.) - Asian Institute of Technology, 2004.
It is well known that the emerging markets are quite different from developed markets in many ways and particularly on corporate ownership and control. This paper tries to test the association of ownership concentration and leverage in Thailand. The results show that the association is positive, in others words that high ownership concentration leads to a high and short-term oriented debt. However, the research demonstrates that over factors such as the tangibility of the assets and profitability drive more leverage than ownership.
Financial leverage--Thailand Business enterprises--Finance--Thailand