THE INFLUENCE OF ENERGY MANAGEMENT ON THAI MANUFATURING FIRMS PERFORMANCE

Muttanachai Suttipun () and Suppamas Duriyarattakan ()
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Muttanachai Suttipun: Faulty of Management Sciences, Prince of Songkla University, HatYai, Songkhla, 90110, Thailand
Suppamas Duriyarattakan: The Federation of Thai Industries (Songkhla Chapter), HatYai, Songkhla, 90110, Thailand

Management Research and Practice, 2019, vol. 11, issue 3, 52-61

Abstract: The study objectives was to investigate the corelation between level of energy management in Thai companies and their performance measured by the balanced scorecard (BSC). The study tested different levels of energy management dividing the sample into groups of interest and examined the influence of energy management on firm performance. The sample used in this study consisted of 400 Thai companies selected by simple random sampling. The results showed that the level of both energy management and firm performance measured by the BSC was at a high level. There were significantly different levels of energy management between groups based on industry type, energy management award and ownership status. The level of energy management positively and significantly influenced firm performance as measured by the BSC, as well as each of the four perspectives of the BSC. Moreover, there were detected significant relationships between companies classified as falling within majority industries and those who had received energy awards and the level of firm performance. The main value of this study is its contribution to formulating national policy based on two disparate aspects of the academic discipline of management science.

Keywords: energy management; firm performance; balanced scorecard; Thai companies. (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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