Post Pandemic Digital Transformation and Comparative Analysis of ICT Firms in the Stock Exchange of Thailand using TOPSIS Technique

Ek-anong Tangrukwaraskul () and Kiriya Kulchanarat ()
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Ek-anong Tangrukwaraskul: Faculty of Business Administration, Kasetsart University
Kiriya Kulchanarat: Faculty of Business Administration, Kasetsart University

No 14716382, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: Thailand's information and communications technology (ICT) sector is experiencing rapid growth according to several factors including increase in technology adoption and government initiatives. This study aims to propose a multi-criteria decision-making (MCDC) model to measure and to compare the financial performance of eighteen ICT firms listed firms in Stock Exchange of Thailand. These firms are examined and assessed using eight financial ratios including liquidity, profitability, leverage, operating and market value ratios collected from DataStream International and Stock Exchange of Thailand for three-year period between 2021 and 2023 to obtain a financial performance score using Technique for Order Preference by Similarity to Ideal Solution Methods (TOPSIS). This study also examines whether the firms can keep their ranking position throughout the three years. This could provide investors with an additional piece of information on making investment decisions.

Keywords: Entropy weight TOPSIS; ICT Sector; Financial Performance; Thailand (search for similar items in EconPapers)
JEL-codes: C60 L66 M15 (search for similar items in EconPapers)
Pages: 14 pages
New Economics Papers: this item is included in nep-ict and nep-sea
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Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Lisbon, Nov -0001, pages 130-143

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