An Association between Pledging Policies and the Financial Performance of Cassava Product Manufacturers

Authors

  • Trinuj Vongsomtakul School of Manufacturing Systems and Mechanical Engineering (MSME), Sirindhorn International Institute of Technology, Thammasat University, Pathum Thani 12120
  • Jirachai Buddhakulsomsiri School of Manufacturing Systems and Mechanical Engineering (MSME), Sirindhorn International Institute of Technology, Thammasat University, Pathum Thani 12120
  • Parthana Parthanadee Department of Agro-Industrial Technology, Faculty of Agro-Industry, Kasetsart University 50 Ngamwongwan Rd., Lad Yao, Chatuchak, Bangkok 10900

DOI:

https://doi.org/10.18502/kls.v4i2.1681

Abstract

This paper involves a study to investigate the association between pledging policies by the government and financial performance of cassava product manufacturers in Thailand. A polynomial regression model is constructed to describe a key financial performance measure using a set of control variables and pledging policy variables. The control variables are obtained from financial statements of 58 starch manufacturers and 8 ethanol manufacturers that solely use fresh cassava roots as raw material during 2009-2014. Result from the model suggests an appropriate agricultural policy for the cassava product industry in Thailand.

 

Keywords : Cassava; Control Variables; Financial Performance; Pledging Policies, Polynomial Regression

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Published

2018-03-01

How to Cite

Vongsomtakul, T., Buddhakulsomsiri, J., & Parthanadee, P. (2018). An Association between Pledging Policies and the Financial Performance of Cassava Product Manufacturers. KnE Life Sciences, 4(2), 268–276. https://doi.org/10.18502/kls.v4i2.1681

Issue

The 3rd International Conference on Agro-Industry 2016 “Competitive & Sustainable Agro-Industry" (3rd ICoA 2016)

Section

Articles