Dingchen, Cui. Factors affecting financial performance of tourism destination firms listed on stock exchanges in China. Master's Degree(Business Administration). University of the Thai Chamber of Commerce. Central Library. : University of the Thai Chamber of Commerce, 2019.
Factors affecting financial performance of tourism destination firms listed on stock exchanges in China
Abstract:
The research intends to analyze the effect on the financial performance of the tourism destination firms on the stock exchanges in China from 2012Q1 to 2018Q4 of liquidity, asset utilization, leverage, economic prosperity, effective tax and firm size. According to multiple regression analysis, when ROA determines the financial performance, current ratio (CR), total asset turnover ratio (TATR), debt ratio (DE),GDP growth rate and natural logarithm of firms total asset (LNTA) have significant effect financial performance. When ROS determines the financial performance, total asset turnover ratio (TATR), have significant effect financial performance. When ROE
determines the financial performance, total asset turnover ratio (TATR), debt ratio (DE), and natural logarithm of firms total asset (LNTA) have significant effect financial performance. When SG determine the financial performance, total asset
turnover ratio (TATR), debt ratio (DE), natural logarithm of firms total asset (LNTA) have significant effect financial performance. The research found that liquidity, asset utilization, and economic prosperity are positive effect financial performance. On the other hand leverage has negative impact on financial performance. Firm size have mixed result in this research.
University of the Thai Chamber of Commerce. Central Library