Published date: Mar 01 2018

Journal Title: KnE Life Sciences

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

Pages: 268-276

DOI: 10.18502/kls.v4i2.1681

Trinuj Vongsomtakultrinuj.jib999@gmail.comSchool of Manufacturing Systems and Mechanical Engineering (MSME), Sirindhorn International Institute of Technology, Thammasat University, Pathum Thani 12120

Jirachai BuddhakulsomsiriSchool of Manufacturing Systems and Mechanical Engineering (MSME), Sirindhorn International Institute of Technology, Thammasat University, Pathum Thani 12120

Parthana ParthanadeeDepartment of Agro-Industrial Technology, Faculty of Agro-Industry, Kasetsart University 50 Ngamwongwan Rd., Lad Yao, Chatuchak, Bangkok 10900

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