THE RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND THAI ECONOMIC INDICATOR OF CHANGES IN SECURITIES PRICES OF LISTED COMPANIES IN THE STOCK EXCHANGE OF THAILAND SET100

Abstract

The purposes of this research were to study the relationship between financial performance and Thai economic indicators of changes in security prices of listed companies in the Stock Exchange of Thailand SET100. 84 companies were selected as a sample size, collected data between 2018 to 2020 total of 252 samples.The statistics that were used to analyze data are; Descriptive Statistics using Means, Standard Deviation Maximum, and Minimum, Correlation Coefficient Analysis to test the relationship between independent variables and Multiple Regression Analysis. The findings indicated that the Thai economic indicators are: Gross Domestic Product (GD) and Inflation (IN) correlated with the change in security prices after the companies listed on the Stock Exchange of Thailand (SET100) released the annual financial statements. Gross Domestic Product (GD) had a positive correlation. Meanwhile, inflation (IN) had a statistically significant negative correlation with the change in security prices of listed companies in the Stock Exchange of Thailand (SET100) at the 0.05 level. And the multiple regression model of forecast had an R2 value equal to 0.416, meaning Gross Domestic Product (GD) and Inflation Rate (IN) correlated the stock price change by 41.60 percent. In conclusion, Gross Domestic Product and inflation rate correlated with the change in security prices of companies listed on the Stock Exchange of Thailand 41.60 percent and another 58.40 percent will be a result of other variables.