Abstract:
The study aimed at identifying the relationships between life cycle and firm value in the Stock Composition of Thailand. The secondary data were collected from financial statements, annual report, annual registration statement (56-1), including information published on the Stock Composition of Thailand of the firms in the Stock Composition of Thailand between B.E. 2556 and B.E. 2560. To analyze the obtained data, descriptive statistics and inferential statistics, using Panel Data Analysis method with random effects model from the sample of 303 companies in 1,515 sets, were, then, administered in the study. The findings revealed that there were no relationships between the firm value and the firm life cycle. In other words, it can be said that the firm life cycle did not yield any impact on the firm value with statistical significance at the 0.05 level, whereas, there were positive relationships between the asset turnover rate, as well as the return on operating assets and the firm value with statistical significance at the 0.05 level. However, there were no relationships between the firm value and the business size, the profit margin and the sales growth rate.