The Relationship between Accounting Information and Securities Prices of Listed Companies in the Stock Exchange of Thailand: Medical Index Services Industry

Abstract

The purpose of this research is to study the relationship between accounting information and securities prices of listed companies in the Stock Exchange of Thailand. Data collection draws on using data recording form from the Stock Exchange of Thailand website, financial statements and 56-1 form of 23 listed companies in the Medical Index Services Industry. This research uses descriptive statistics such as percentage, mean, standard deviation and multiple regression analysis techniques to analyze the relationship of variables affecting securities prices. The results illustrate that total liabilities had a statistically significant inverse relationship on securities prices at the 0.05 level. Total liabilities could be used to predict changes in securities prices by 21.2 percent. Total assets, net profit, earnings per share, cash flow from operating activities, and cash flow from financing activities were not statistically significantly related to securities prices because the increasing of debt compared to equity affecting securities prices will be lower.