Main Article Content
The purpose of this research was to study the relationship between goodwill and financial performance of the companies in service industry group which were listed on the Stock Exchange of Thailand, using secondary data during 2008 – 2016 of 112 data set. The statistics techniques used for data analysis were descriptive statistics and multiple regression analysis.
The results show that the goodwill was correlated with financial performance. It was positively and significantly (p ≤ 0.05) correlated with profitability ratio i.e., operating profit margin but negative and significantly (p ≤ 0.05) correlated with efficiency ratio i.e., return on fixed asset and financial policy ratio i.e., debt to equity ratio. However, the goodwill exhibited non-significant (p ≤ 0.05) association with liquidity ratio i.e., current ratio and quick ratio.
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