Current Practice of Corporate Finance in Thailand

22 Pages Posted: 29 Aug 2007

See all articles by Ranchana Rajatanavin

Ranchana Rajatanavin

affiliation not provided to SSRN

Sundar Venkatesh

affiliation not provided to SSRN

Date Written: August 22, 2007

Abstract

We report the results based on 40 responses to a questionnaire designed to investigate the current practice of corporate finance in Thailand. The questionnaire is a slightly modified version of the one used in Graham and Harvey (2001) to investigate corporate finance practices in US companies. Findings from our Thai survey are contrasted with those of the US survey. We also report on the gap between finance theory and its practice in Thailand. We conclude with implications of our findings for finance education and for financial decision-making in Thai corporates.

Keywords: Corporate Finance, Capital Budgeting, Capital Structure, NPV, IRR

JEL Classification: G31, G32

Suggested Citation

Rajatanavin, Ranchana and Venkatesh, Sundar, Current Practice of Corporate Finance in Thailand (August 22, 2007). 20th Australasian Finance & Banking Conference 2007 Paper. Available at SSRN: https://ssrn.com/abstract=1009533 or http://dx.doi.org/10.2139/ssrn.1009533

Ranchana Rajatanavin (Contact Author)

affiliation not provided to SSRN ( email )

No Address Available

Sundar Venkatesh

affiliation not provided to SSRN ( email )

No Address Available

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