ORCID Profile
0000-0002-2449-1081
Current Organisation
Chiang Mai University
Does something not look right? The information on this page has been harvested from data sources that may not be up to date. We continue to work with information providers to improve coverage and quality. To report an issue, use the Feedback Form.
Publisher: MDPI AG
Date: 06-01-2023
DOI: 10.3390/ECONOMIES11010018
Abstract: This study analyzes the effects that certain political-uncertainty factors have on financial firm performance in the Stock Exchange of Thailand (SET). The results of a panel regression performed on a database of 7976 firm-years over 18-year unbalanced panel data from 2001 to 2018 show a mixed relationship between political uncertainty and firm performance. The constitutional reform harms the return on assets (ROA), and the government election and political protest significantly decreased the market value of equity (MVE). In contrast, constitutional reform increased MVE, and the government election positively impacted ROA. Therefore, this study emphasizes how political unpredictability is assumed to influence firm performance in Thailand’s economy, an Asian developing country.
Publisher: Virtus Interpress
Date: 2021
Abstract: India is one of the few countries in the world, which follows a prescriptive regulatory policy for liquidity management in banks. These policies affect different groups of banks in different ways. The main objective of this study is to examine the liquidity determinants of private and public sector banks in India on a comparative basis to assess the effectiveness of liquidity management policies for each type of bank in India. For this purpose, this study analyses the long-term effect of various macroeconomic, microeconomic, and regulatory policies on liquidity management by both groups of banks from 1996 to 2016. The findings of the study show that public sector banks rely on asset-based liquidity, and private sector banks also rely on asset-based liquidity. In the case of both private and public sector banks, this study found a significant relationship between the liquidity and several explanatory variables – call rate, discount rate, cash reserve ratio, capital to total assets, foreign exchange reserve with RBI and Size (LogTA). It also observed that in private banks some factors – LogTA (in L1) CapitalTA (in L1 & L4) and SLR (in L3 & L4) – had a significant positive effect while other factors – Fxreserve and ROE (in L2) – had a significant negative relationship with the liquidity. Similarly, in public banks, some factors – discount rate (in L4) ROE (in L2 & L3) and NPA/Advances (in L4) – had a significant positive effect while other factors – CapitalTA (in L3 & L4) CRR (in L4) NPA/Advances (in L3), and LogTA (in L1) – had a significant negative relationship with the liquidity. The findings of this study question the appropriateness of applying a similar type of regulatory measures for all groups of banks by the regulators for liquidity creation
Publisher: LLC CPC Business Perspectives
Date: 10-12-2019
DOI: 10.21511/BBS.14(4).2019.08
Abstract: This paper examines the long-term effect of various regulatory, bank-specific and macroeconomic factors on the determination of liquidity in Indian banks. For this purpose, the study uses a random effect panel data regression model and tests it with data on Indian banks for 21 years, covering the period from 1996 to 2016. The model considers the effect of regulatory factors, cash reserve ratio, and statutory liquidity, and incorporates four different liquidity ratios specific to the Indian banking scenario. The results of the analysis show contrasting relationships between the independent variables and the dependent variables measured by four liquidity ratios.It is interesting to note that Indian banks rely more on asset-based liquidity and less on liability-based liquidity. More specifically, the most important liquidity ratio of L1 (liquid assets to total assets ratio) showed a significant relationship with macroeconomic variables of discount rates, call rates, foreign exchange reserve, exchange rate with US dollar, consumer price index and gross domestic product. L1 also showed a significant relationship with bank-specific variables of capital to total assets and bank size. However, the regulatory factors of cash reserve ratio and profitability determined by return on equity (ROE) and non-performing assets were not found to have any effect on liquidity of Indian banks.
No related grants have been discovered for Wisuttorn Jitaree.