The Changes of Operational Performance of Thai Financial Institutions after the Coronavirus Disease 2019 Pandemic
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Abstract
The purpose of this study was to study the changes in the operational performance of Thai financial institutions, before and after the outbreak of coronavirus disease 2019. The financial statements for the period 2017-2022 from the SETSMART online database were collected. The samples of financial institutions are classified into three (3) subcategories as specified by the Stock Exchange of Thailand, namely 1) banks, 2) finance and securities companies, and 3) insurance and life insurance companies. The financial ratios used in the analysis are categorized into five (5) dimensions including liquidity analysis, financial structure analysis, profitability analysis, asset management efficiency analysis, and stock market value analysis. This research employed descriptive statistical analysis by testing differences between variables using T-Test statistics and multiple regression analysis. The results of the study revealed that only return on asset ratio showed statistical significance according to the T-Test before and after the COVID-19. In addition, the results from multiple regression analysis where return on assets and return on equity rations presented as dependent variables revealed that operating cashflow to total liabilities, earnings per share, price earnings ratio found to be statistically significant.
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