Chulalongkorn University Theses and Dissertations (Chula ETD)
Other Title (Parallel Title in Other Language of ETD)
ผลกระทบของวงจรธุรกิจต่อเครดิตการค้า : กรณีศึกษาจากตลาดหลักทรัพย์แห่งประเทศไทย (ตลท.)
Year (A.D.)
2022
Document Type
Independent Study
First Advisor
Narapong Srivisal
Faculty/College
Faculty of Commerce and Accountancy (คณะพาณิชยศาสตร์และการบัญชี)
Department (if any)
Department of Banking and Finance (ภาควิชาการธนาคารและการเงิน)
Degree Name
Master of Science
Degree Level
Master's Degree
Degree Discipline
Finance
DOI
10.58837/CHULA.IS.2022.300
Abstract
This study examines how firms’ life cycle affects Trade credit including the recession period by using evidence from Stock Exchange Thailand (SET). The study has been performed during 2000 – 2020 with 253 listed firms. Regarding results, it suggested that the firm life cycle has a significant impact on AR and AP days, except for AP’s growth. During the recession period, AP days for the introduction and mature stage have no positive impact. The empirical also finds there are no significant levels for the introduction and mature stage of AR and AP days, which have a high level of market concentration during the recession period.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Recommended Citation
Sae-low, Chaiwat, "Trade credit with firms' life cycle: Evidence from Stock Exchange of Thailand (SET)" (2022). Chulalongkorn University Theses and Dissertations (Chula ETD). 10037.
https://digital.car.chula.ac.th/chulaetd/10037