Paradigms
A Research Journal of Commerce, Economics, and Social Sciences
Online ISSN: 2410-0854
Print ISSN: 1996-2800
 
     
 

Paradigms Journal

Companies’ profitability and asset growth within and across ASEAN
Author(s) :
Khawaja Khalid Mehmood (Lecturer, Institute of Management Sciences, Bahauddin Zakariya University, 60800, Multan, Pakistan)
Muhammad Haroon Hafeez (College of Business, Universiti Utara Malaysia, / Bahauddin Zakariya University, Multan, Pakistan)
Abstract
The global financial crisis tested ASEAN on their national and business policies following after which successful recovery was witnessed in many of these economies. Nonetheless, economic and business performance seems diverse among them. This research fills information gap of total asset growth and profitability comparisons within and across four ASEAN countries during 2009-2013. It utilizes descriptive, graphs and Turkey’s HSD test to make comparisons. Findings reveal that asset growth was greater in all countries after 2009. Profitability of Thai companies was lowest in 2009 and for Singaporean companies, it was better in 2010. Across ASEAN, Indonesian companies had higher asset growth and profitability compared to others in various years. Singaporean companies had overall lowest profitability and Malaysian companies had overall lowest asset growth. With its invaluable contribution, this research adds to information on ASEAN business and corporate climate along with providing input to economic and business policy makers.
Keywords: Return on Invested Capital, Total Asset Growth, Public Limited Companies, ASEAN.
 
 

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