FINANCIAL STRUCTURE OF THE MANUFACTURING CORPORATE SECTOR OF THAILAND AROUND THE ECONOMIC CRISIS: A DECOMPOSITION MEASURE BASED APPROACH

Abstract

This paper describes an investigation into thefinancial structure ofthe manufacturing corporate sector of Thailand before and after the economic crisis. The structure is importantforfinancial statement analysts who are often concerned with changes over time in the relative shares ofthefinancial statement items. Decomposition analysis has been usedfor measuring the relative shares. It isfound that the decomposition measures are higher after the economic crisis. The total liabilities decomposition measure wasfound higher as compared to the total assets decomposition measure before the crisis and lower in many cases after the crisis. Industry variations do notprovide any systematic explanationsfor this variation.