Current Practice of Corporate Finance in Thailand

Abstract

We report the results based on 40 responses to a questionnaire designed to investigate the current practice of corporate finance in Thailand. The questionnaire is a slightly modified version of the one used in Graham and Harvey (2001) to investigate corporate finance practices in US companies. Findings from our Thai survey are contrasted with those of the US survey. We also report on the gap between finance theory and its practice in Thailand. We conclude with implications of our findings for finance education and for financial decision-making in Thai corporates.