The impact of business resilience and sustainability for Thai-listed firms

Abstract

This research uses the contingency theory viewpoint to comprehend how resilient businesses, and the organizational structures are during times of financial instability. Enhancing organizational business resilience is the goal of the dynamic capacity theory, which suggests that a company’s ability to transfer resources quickly or automatically during times of financial instability and maintain firm performance is what the theory aims to achieve. The key research questions for this research are: (1) what are the factors that analyse Thai-listed Firms a resilient firm? And (2) what significant key factors do impact Business Resilience and Sustainability for Thai-listed Firms? Thus, the main objective of this research is to investigate the impact of business resilience and sustainability for Thai-listed firms. The sample size is 278 firms from Stock Exchange of Thailand of eight different industrial types as Agro & Food, Consumer Products, Financials, Industrials, Property & Construction, Resources, Services, and Technology. The results show the FEMs are preferred. The results of the business resilience study carried out in Thailand show that earnings before taxes, return on assets, and shareholder equity are all positive and significant at the 5% level of significance. This is a highly suggestive of the firm’s sustainability and profitability.