EC: Research Reports

Permanent URI for this collection


Recent Submissions

Now showing 1 - 5 of 10
  • Publication
    การศึกษาเปรียบเทียบผลการดําเนินงานของบริษัทไทยที่มีนโยบายการจัดการธุรกิจยั่งยืนตามเป้าหมายการพัฒนาที่ยั่งยืนขององค์การสหประชาชาติ ค.ศ. 2015-2030
    (University of the Thai Chamber of Commerce (UTCC), 2021)
    งานวิจัยนี้ ศึกษาเปรียบเทียบผลการดำเนินงานของบริษัทไทยที่มีนโยบายการจัดการธุรกิจยั่งยืน ตามเป้าหมายการพัฒนาที่ยั่งยืนขององค์การสหประชาชาติ ค.ศ. 2015-2030 โดยใช้แบบจำลอง Pooled OLS Regression และ Fixed Effect Model กลุ่มตัวอย่าง 123 บริษัทจดทะเบียนในตลาดหลักทรัพย์แห่งประเทศไทย ประมวลผลจากข้อมูลทางการเงินตั้งแต่ ค.ศ.2002-2020 ผลการศึกษาพบว่า บริษัทจดทะเบียนไทยที่มีนโยบายการจัดการธุรกิจยั่งยืนอยู่ในระดับสูง (Strong ESG Performance) มีผลการดำเนินงาน (Company Performance) ที่เติบโตความแตกต่างกับบริษัทจดทะเบียนไทยที่มีการจัดการด้านธุรกิจยั่งยืนระดับตํ่า (Weak ESG Performance) อยู่ร้อยละ 1.5 นอกจากนั้น ยังพบว่าอัตราส่วนทางการเงินที่แสดงความสามารถในการทำกำไรของบริษัท ได้แก่ กำไรสุทธิต่อหุ้น (EPS) อัตรากำไรสุทธิ (NPM) และ อัตราส่วนกำไรสุทธิต่อส่วนผู้ถือหุ้น (ROE) เป็นตัวแปรสำคัญในการกำหนดอัตราผลตอบแทนเฉลี่ยต่อปีของบริษัท ด้วยความสัมพันธ์ที่เป็นไปในทิศทางเดียวกัน ซึ่งสอดคล้องกับสมมติฐานการวิจัยและผลงานวิจัยในอดีต
      74  395
  • Publication
    Technical Efficiency of Thailand Commercial Banks: Output Distance Function Approach
    (University of the Thai Chamber of Commerce, 2007) ; ;
    University of the Thai Chamber of Commerce. School of Economics
    This study aims to estimate technical efficiency of Thai commercial banks using output distance function. We adopted fixed effect model, random effect model, and maximum likelihood estimation to extract the technical efficiency with time-invariant and time-variant. With time-invariant, we found that technical efficiencies obtained by fixed and random effects are consistent. However, those are not consistent with technical efficiencies obtained by maximum likelihood estimation. With time-variant, the technical efficiencies of those banks obtained by fixed and random effects are consistent; while those are not consistent with technical efficiencies obtained by maximum likelihood estimation. However, average technical efficiency of each year from fixed effect, random effect, and maximum likelihood estimation are not quit consistent. We found that the financial liberalization between 1987 and 1997, the economic and financial reforms by IMF among the Asian financial crisis, and growth of GDP improve technical efficiency of Thai commercial banks.
      8  14
  • Publication
    Evaluation of Successes in Outcomes and Ultimate Goals of the OTOP Project in the Central Region
    (University of the Thai Chamber of Commerce, 2006) ;
    University of the Thai Chamber of Commerce. School of Economics
    The evaluation of successes in outcomes and ultimate goals of the OTOP project in the central region employed both quantitative and qualitative methodology, 400 questionnaires were distributed to the subject which were randomly selected and used interview guidelines to capture in-dept data from the leaders of OTOP products.This research revealed that the overall outcomes and ultimate goals of the OTOP projects accomplished at the medium-high level but rather in a short-term. The project provide household income at the medium-high level (78.5%) and sufficient income at the medium-high level (78.7%). In social changed perspectives, the project strengthened communities in the political and cultural dimensions rather than in economics dimensions, said that its effects on qualities of life and communities’ sustainable at the high level and on communities’ balance at the medium level. From in-depth data, this study found that the government couldn’t manage the project according to participants’ problems and needs, many projects were the same similar manners. Besides that the government didn’t divide the project by nature of products. These miss directions led the OTOP project particularly effect on the market expanding. The economic effects had be seen only in a short-term, while social effects clearly be appeared in the early period. The critical success factors of OTOP products are continuation in development and learning.As a result of evaluation, a number of policy recommendations have been drawn. Firstly, the government should construct the evaluation and monitoring process with analyzing the communities’ needs, in order to manage the project in accordance with problems and conditions of products’ group. Secondly, the projects should be focused on the creation of body of knowledge and provide the necessary knowledge to the target groups. Thirdly the government should establish OTOP projects’ database to utilize recruitment process with an aim to distribute an opportunities to access the projects. Forth, research and development budgets should be contributed to participants in self-manage manners at principal projects level. Finally, the government should rearrange the OTOP groups in order to proportionately support in accordance with its significance, aim to make balance among the communities’ products, and to set a goal in a sustainable development.
      5  55
  • Publication
    Thai Consumption Behavior of State Lottery – Underground Lottery
    (University of the Thai Chamber of Commerce, 2006)
    Thairungroj, Sauwanee
    ; ;
    University of the Thai Chamber of Commerce. School of Economics
    This paper aims to study Thai Consumption Behavior of State Lottery – Underground Lottery. It explores 3 key questions: first, whether the state lottery can substitute for the underground lottery. Second, weather the Thai consumers are addicted to lottery and third, weather the addiction is rational or myopic. This study used time-series data of the total sales of the state lottery in each drawing from the Government Lottery Office. Cross-section data used is primary data collected from 1,660 samples nationwide from 3rd week of December 2006 to 4th week of March 2007.The model used in this study is Becker &Murphy’s “Theory of Rational Addiction”. The results are that state lottery can substitute for the underground lottery. For addiction issues, it is found that consumers are addicted to both state lottery and underground lottery and the addiction is more rational than myopic.
      45  136
  • Publication
    Misery Index and Monetary Policy
    (University of the Thai Chamber of Commerce, 2010) ;
    University of the Thai Chamber of Commerce. School of Economics
    Misery Index, which is first proposed by Arthur Okun, indicates the severity of current economic problems. This index can be calculated by summing an inflation rate with an unemployment rate. Therefore, the index indicates instability inherited in domestic economy, namely, price instability and production instability.This index was resurfaced in Thai newspaper late last year, at the times global recession was imminent. Several Keynesian economists criticized the Bank of Thailand’s monetary policy conduct, which focuses mainly on controlling inflation, i.e., inflation targeting. They argued that the Bank of Thailand put more emphasis on the less-concerned problem, i.e., inflation, instead of the more serious problem, i.e., unemployment. Since they believe that the two goals cannot be achieved at the same time, according to the Phillips curve, the Keynesians think the Bank of Thailand made a wrong choice in handling the inflation-output trade-off.This paper would like to give a more balanced views on the misery index, the Phillips curve, and the current monetary policy. We first investigate empirically the existence of the Phillips curve. If there is no long-run tradeoff between inflation and output, then the Bank of Thailand is able to achieve both goals of price stability and output stability simultaneously. Our econometrics findings lend support to the existence of the short-run Phillips curve but not to the stable long-run curve.In addition, we will use additional analytical tools, namely Structural Vector Autoregressive Model (SVAR) and Dynamic Stochastic General Equilibrium model (DSGE) to study the effectiveness of monetary policy in an open economy model.
      16  198