Research article

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EFFECT OF ORGANIZATION DEVELOPMENT FACTOR ACCORDING TO THAILAND QUALITY AWARD CRITERIA ON ORGANIZATIONAL EFFICIENCY Kornkanok Tiparos and Chokechai Suveatwatanakul Pages 1 - 17    Download PDF  Article preview Cite Abstract The main objective of this research is to study effect of organization development factors according to Thailand Quality Award on organizational effciency . In order to examine the correlation between seven Thailand quality award criteria variables with the four organizational Efficiency variables, Correlation Matrix Analysis was adopted. There was a statistically significant linear relationship between the independent variables of Thailand quality award criteria variances and the dependent variable of organizational Efficiency variables. Examination of both correlation matrices also suggested that multicollinearity which refers to the relationship among the independent variables was not a problem in this study. In addition, Multiple regression analysis was employed to examine the relationships between the independent and dependent variables. The relationships between seven Thailand quality award criteria variables with the four organizational Efficiency variables. The results suggest that two variables of Thailand quality award criteria variables: leadership and strategic planning are the positive factors that influence knowledge sharing in this study. The study has implications for organization development, particularly in the area of leadership development and the strategic planning favourable to organization development.
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Cost Efficiency of Asian Banks during the Post-Crisis Era: A Comparison of Frontier Techniques Nakhun Thoraneenitiyan Pages 18 - 44    Download PDF  Article preview Cite Abstract This paper investigates cost efficiency of Asian banks and its relationship with forms of ownership during 1997 to 2008 using the frontier techniques called Data Envelopment Analysis, and Stochastic Frontier Analysis. A common cost frontier across five countries and twelve years is constructed and measure how a bank performs during the period of study. The results indicate that, overall, changes in ownership do not necessarily lead to more cost efficient banks. Domestic-merged bank, locally-owned, and non-intervened banks appear to perform better than foreign-owned and state-intervened banks. Although the different frontier approaches provide quantitatively different results, they provide some consistent rankings. Both non-parametric and parametric frontier efficiency scores are statistically associated with traditional non-frontier measures of performance.
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Predictive Ability and Stock Price Informativeness of Earnings and Cash Flow Information of SET-listed Companies Choosing to Apply Segment Disclosure Guidelines under Thai Accounting Standards No. 50 Visarut Sribunnak and Narongrit Chansuwan Pages 45 - 73    Download PDF  Article preview Cite Abstract The objective of this study is to examine the predictive ability and the stock price informativeness of earnings and cash flow information of SET-listed companies choosing to provide segment information under the requirements set forth in the Thai Accounting Standards (TAS) No.50. The sample is restricted to firms disclosing information for at least two segments during 1998 ? 2006. The results reveal that there is a significant improvement in terms of predictive ability of earnings and cash flows for their future counterparts and that the stock returns impound a greater amount of information about future earnings after the firms have adopted the expanded disclosure requirements. Taken together, the findings are consistent with the conjecture that the stock price informativeness manifests itself from the additional segment reports providing information useful for investors to form expectation about future earnings and cash flows. Additional analyses document the predictive ability of current earnings and cash flows for future cash flows for firms that provide additional segment disclosures after the release of TAS 50, but fail to document any cross-sectional differences in terms of stock price informativeness in such a setting.
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Risk Management in Thai State-owned Enterprises Pornpipat Kaeokla and Uthai Tanlamai Pages 74 - 90    Download PDF  Article preview Cite Abstract This research examines the results of risk management engagement of 55 Thai stated-owned enterprises (SOEs), being disclosed in the Thai SOEs Performance Agreement Systems. Risk management scores and financial statement data during the year 2004-2009 were collected and analyzed for the relationships between risk management assessment and financial performance of these SOEs. The results show that the level of risk management is positively related to the size and profit from operations. Also, different sectors of SOEs appear to differ in their engagement, thus, resulting in different levels of risk management scores.
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Optimal Transportation Service Procurement: A Case Study of A Thai Logistics Service Pattarakamol Lertsanti and Sathaporn Opasanon Pages 91 - 106    Download PDF  Article preview Cite Abstract This research aims at solving the problem of optimally procuring transportation services in response to the need to control costs and at the same time maintain service levels. Specifically, a case study of a Thai logistics service provider company that outsources transportation from trucking companies is studied. The motivation of this research arises from the establishment of the company?s Transportation Management Center to efficiently assigning delivery routes to a set of trucking carriers that minimize total transportation cost. The study includes primary data survey for the company?s existing transportation network, area coverage and trucking rate of each carrier, and the actual procurement costs incurred in March 2009. Then, the classical transportation problem, widely used in determining the minimum cost distribution of commodities on a bi-partite graph, is modified to deal with the procurement decisions. The optimal solutions are obtained by solving the associated linear programming model with Excel Solver tool. The result shows that given the company?s Transportation Management Center equipped with the proposed procurement decision-making technique, the total transportation cost could be saved up to 13.73 percents while still meeting customers? requirement.
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Mind the gap: Disparity between perceived importance of logistics performance measures and information reliability Tartat Mokkhamakkul Pages 107 - 129    Download PDF  Article preview Cite Abstract Nowadays, to achieve the effective management, it is very important for any business to develop the performance measurement system. One of the key success factors is the consideration of the appropriate performance measures to be evaluated. This purpose of the research is to compare logistics performance system on two industries which are Electronic and steel industries using gap analysis between importance and information reliability. The measures are categorized by major logistics activities including customer service, inventory, procurement, transportation, and warehousing. A survey based on the purposed model is conducted to the companies in the industries. From the survey, each industry has focuses on different performance measures. The measurement system should be proposed particularly for the industry in order to improve the company performance.