This article aims to investigate whether institutional investors aid in lowering the cost of debt using a sample of 311 nonfinancial firms listed on the Stock Exchange of Thailand (SET) over 2011-2020. All data were obtained from the SETSMART database. Controlling for firm characteristics,...

This paper examines dividend changes in an emerging market: Thailand. We begin by considering the possible effects of the Thai corporate environment on dividend policy. We develop a theoretical model that considers the relationship between the strength of investor power and dividends in an...

This article aims to investigate whether institutional investors aid in lowering the cost of debt using a sample of 311 nonfinancial firms listed on the Stock Exchange of Thailand (SET) over 2011-2020. All data were obtained from the SETSMART database. Controlling for firm characteristics,...

This paper examines dividend policy of Thai listed companies over the period 2002-2008. The results show that larger and more profitable firms with higher free cash flows and retained earnings to equity tend to pay higher dividends. In addition, the evidence indicates that firms with higher...

This paper develops a theoretical model to demonstrate that the firm’s payout/investment decision may be affected by the relative magnitude of dividend and repurchasing premia. The model shows that the manager of high-quality firm may pass up a positive NPV project in order to cater to...

Research aims: The purpose of this paper is to examine the impact of open market share repurchases on stock liquidity of listed companies in Thailand.Design/ Methodology/Approach: The sample includes 3,055 actual share repurchases made by 75 listed firms in the Stock Exchange of Thailand (SET)...

Despite the crucial roles of institutional investors in corporate governance mechanisms, there is little empirical evidence regarding the impact of institutional ownership on firm value in Thailand. This paper examines the relationship between institutional shareholdings and firm value in a...

This paper examines the relationship between ownership dispersion and stock liquidity of Thai listed companies over the period 2011-2015. The results indicate narrower bid-ask spreads, lower Amihud's illiquidity ratio, and higher liquidity ratio when firms have higher free float or larger number...

This paper develops a theoretical model explaining management's choice of using corporate cash flow to pay dividends, repurchase shares, or invest in a real project. The model demonstrates the case in which managers have better information than investors about the quality of the firm...