Determinants of Market Players’ Profitability in Thailand’s Energy Sector

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  • Title: Determinants of Market Players’ Profitability in Thailand’s Energy Sector
  • Author(s): Roman Klimenko, Phaninee Naruetharadhol, Chavis Ketkaew
  • Publisher: Common Ground Research Networks
  • Collection: Common Ground Research Networks
  • Series: Interdisciplinary Social Sciences
  • Journal Title: The International Journal of Interdisciplinary Organizational Studies
  • Keywords: Profitability, Energy Sector, ROA, ROE
  • Volume: 13
  • Issue: 1
  • Year: 2018
  • ISSN: 2324-7649 (Print)
  • ISSN: 2324-7657 (Online)
  • DOI: https://doi.org/10.18848/2324-7649/CGP/v13i01/27-35
  • Citation: Klimenko, Roman , Phaninee Naruetharadhol, and Chavis Ketkaew. 2018. "Determinants of Market Players’ Profitability in Thailand’s Energy Sector." The International Journal of Interdisciplinary Organizational Studies 13 (1): 27-35. doi:10.18848/2324-7649/CGP/v13i01/27-35.
  • Extent: 9 pages

Abstract

This article aims to investigate the determinants of profitability of corporations listed in the energy sector of the Stock Exchange of Thailand. Using the data of thirty-seven energy companies ranging from 2010 to 2015, the Ordinary Least Square (OLS) models were formed to capture the relationships between a firm’s profitability (dependent variable) and characteristics, for instance, size, capital structure, financial leverage, liquidity, age, and revenue (independent variables). It was found that: 1) a firm’s size negatively affects profitability; 2) financial leverage positively impacts profitability; 3) financial liquidity positively influences profitability; and 4) firm’s revenue positively affects profitability.