Coronavirus Disease 2019 (COVID-19) and Firm Performance of Thai listed Company
Keywords:
Coronavirus Disease 2019 (Covid-19), Firm performance, Return on Assets, Thai listed CompanyAbstract
The objective of this research is to investigate the effects of the Coronavirus Disease 2019 (COVID-19) pandemic on firm performance of Thai listed companies. The samples were collected from Thai listed companies in the Stock Exchange of Thailand (SET). Data were gathered before the COVID-19 pandemic and during the COVID-19 pandemic from Q4 of 2018 to Q1 of 2021, a total of 4,819 samples were studied. To compute firm performance, this study used Return on Assets (ROA) and multiple regression analysis to prove the impact of the COVID-19 pandemic on firm performance. The results found that the COVID-19 pandemic decreased Return on Assets (ROA) which results in decreases on firm performance.
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Translated Thai References
Tangsomoraphong, S. (2021). SET CEO SURVEY: CEO's View for COVID-19 Crisis. Retrieved from https://www.set.or.th/ dat/vdoArticle/attachFile/AttachFile_1625636948117.pdf (in Thai)
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