The aim of this paper is to determine the factors that influence the dividend payout of all firms listed in the Stock Exchange of Thailand (SET) during year 2006 to 2010. Using the Tobit regression analysis, results reveal that financial leverage, investment opportunities, and sales growth negatively affected the dividend payout; on the other hand, size of firm is positively affected dividend payout. Moreover, evidence shows that firms in property and construction sector are more likely to pay dividend than others. Additionally, profitable small and large firms tend to pay dividend; meanwhile, profitable medium firms are less likely to pay dividend. However, it is found that profitability, liquidity, and business risk are insignificantly related to dividend payout. The results from this study are beneficial to investors when making a decision regarding stock investment and portfolio management. Furthermore, financial managers can use the results from this study to develop dividend policy in order to achieve the maximization of shareholders' wealth. Those financial managers can decide whether company should keep the profits for investing or to distribute them out as dividends. In terms of academic contribution, this study adds more updated empirical evidences to existing financial literature in Thailand and provides additional international evidence regarding dividend payout.

The primary purpose of this paper was to investigate the association between good corporate governance and firm-related characteristics of listed firms in the Market for Alternative Investment (MAI), Thailand. The degree of good corporate governance was measured by the corporate governance rating publicly reported on the 2012 corporate governance report of Thai listed companies (CGR) by Thai Institute of Directors (IOD). Using the logistic regression analysis, results from this study revealed that the return on assets and free cash flow are significantly related to good corporate governance. Since these two variables measure the profitability of firms, it can be concluded the good governed firms have a higher profitability than the weaker ones. However, the debt-to-equity ratio, current ratio, assets turnover, firm's growth, earnings per share, dividend yield, age of firms, and size of firms are not statistically related to good corporate governance.

This study investigates the relationship between working capital management and sustainable growth, taking into account the mediating role of profitability. The study uses a sample of non-financial companies that were listed on the Thai Stock Exchange between 2010 and 2020. This study documents the absence of direct relationship between working capital management and sustainable growth using fixed effects regression models. Nonetheless, it is found that profitability appears to be a mediating factor in this relationship. Companies can attempt to minimize their cash conversion cycle to enhance their profitability, which will further help them raise their sustainable growth. Furthermore, companies with higher operating cash flows and those with lower financial debt are able to achieve higher profitability and sustainable growth. Remarkably, this study shows that large companies are more profitable and have higher sustainable growth than smaller ones.

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The purpose of this paper is to examine the dynamic relationship among the size, growth, and profitability of listed companies. The study sample comprised listed companies in the ASEAN-4 countries-Malaysia, the Philippines, Singapore, and Thailand-over the period 1972-2014. The K-medoids algorithm was employed in a cluster analysis, and the generalized method of moments (GMM) was applied to examine the dynamic relationship. The empirical results reveal that smaller companies tend to have higher growth than larger companies. Moreover, the results indicate that persistence of growth and persistence of profitability do not exist. There is also evidence that profitability affects companies' growth, but companies' growth does not affect profitability.