Papers by Preecha Anekwasinchai
Catalyst, 2018
This study explores significant determinants of bank capital structure and how they help explain ... more This study explores significant determinants of bank capital structure and how they help explain these structures. A fixed-effects regression model was applied to analyze local Thai banks during the period from 2004 to 2014. Two measurements of bank leverage were used, namely, book value leverage ratio and riskweighted book value leverage ratio. Firm-level determinants were bank profitability, risk, growth, and liquid assets, with GDP growth rate, inflation rate, unemployment rate, and public debt as country-level determinants. Empirical results indicated that both firm-level and country-level determinants had statistically significant relationships with the book value leverage ratio, except for the unemployment rate. However, when we examined the influence of these determinants on the risk-weighted book value leverage ratio, only growth, liquid assets, unemployment rate, and public debt showed a statistically significant relationship. These empirical findings may assist bank managers in implementing relevant policies to ensure soundness and stability in the Thai banking sector.
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Papers by Preecha Anekwasinchai