The Impact of the SET Awards on Return on Equity of Listed Companies in the Stock Exchange of Thailand

This study aims to investigate the impact of the SET awards on Return on Equity (ROE) of 107 listed companies in the Stock Exchange of Thailand from 2009 to 2017. The study applies quantile regression analysis to estimate the relationship between ROE ratio and five influencing factors, which are the Best Company Performance Award, the Best CEO Award, the Best Investor Relations Award, the Best Corporate Social Responsibility Award, and the Best Innovative Company Award. The findings indicate that the Best Company Performance Award has a positive relationship with the Return on Equity. However, the effect of the Best CEO Award, the Investor Relations Award, the Best Corporate Social Responsibility Award, and the Best Innovative Company on the Return on Equity does not exist.