The Effects of Earnings Quality and Operating Efficiency on Dividend Payment of Listed Companies on the Stock Exchange of Thailand in the Information and Communication Technology Sector

Abstract

This study aimed to investigate the effects of earnings quality and operating efficiency on dividend payments made by listed companies on the Stock Exchange of Thailand in the information and communication technology sector from 2017 to 2019. The statistics used to analyze the data was multiple regression analysis. The results showed that earnings quality, in terms of both working capital accruals and total net operation accruals, demonstrated no statistically significant effect on dividend yield at a level of 0.05. Conversely, it was found that operating efficiency in terms of return on equity and return on asset had positive effects on dividend yield while cash from operation to current liability and operating expense to total revenue ratios had negative effects on dividend yield, all at the statistically significant level of 0.05.