Executive Journal

Guidance on Disclosing Cryptocurrency Holdings: Case Studies of Companies Listed on Stock Exchange of Thailand

Teekhatat Thongkul — 2023-12-20

This article provides guidance on disclosure for companies holding cryptocurrency, as discussed by the agenda decision published by the International Financial Reporting Standards (IFRS) Interpretations Committee. A comparison was made between the definition of cryptocurrency as stipulated in the Emergency Decree on Digital Asset Businesses B.E. 2561 and the accounting definition. This article offers disclosure guidance for companies holding cryptocurrencies in three cases. Firstly, companies hold cryptocurrencies for sale in the ordinary course of business. Secondly, when cryptocurrencies are held by a commodity broker-trader and thirdly, when companies consider cryptocurrencies as a long-term investment. Examples of disclosures by three companies are presented regarding their objectives in holding cryptocurrencies, applicable accounting policies, and financial reporting standards applied to the cryptocurrencies held. Only one company disclosed additional information on the types of digital assets held, and the methodology used for valuing cryptocurrencies. The article involved a comparison of disclosure examples, presented as notes in the financial statements of companies listed on the stock exchange of Thailand, which invested in and held cryptocurrencies. This article suggests critical aspects of financial reporting disclosure in accordance with established standards and offers recommendations for accounting practitioners. Additionally, it highlights potential areas for future research in the field.

The Influences of Perceived Organizational Justice on Organizational Citizenship Behavior: The Mediating Role of Perceived Organizational Support and the Moderating Role of Machiavellianism

Jutamard Thaweepaiboonwong — 2023-12-20

The objectives of this quantitative research were to analyze the influence of employees’ perceived organizational justice and perceived organizational support on organizational citizenship behavior. Additionally, the study aimed to examine the mediating role of perceived organizational support and the moderating role of Machiavellianism personality in the relationship. A questionnaire was used to collect data from a sample of 260 employees in the automotive parts industry at Laem Chabang Industrial Estates, employing proportional stratified sampling. Structural equation modeling was used for analyzing the data. The findings revealed that the hypothesized model fit the empirical data well, as reflected in the fit indices of CMIN/DF = 1.159, p-value = 0.093, GFI = 0.950, AGFI = 0.919, CFI = 0.988, NFI = 0.920, TLI = 0.983, RMSEA = 0.018, and RMR = 0.018. Perceived organizational justice did not exhibit a significant direct effect on organizational citizenship behavior but had an indirect effect via perceived organizational support, where perceived organizational support acted as a complete mediator. The results from moderator testing using a multiple-group analysis revealed that the influence of perceived organizational justice on perceived organizational support, as well as the influence of perceived organizational support on organizational citizenship behavior, were more pronounced among employees with a low level of Machiavellianism.

The Impact of Working Capital Management on the Profitability of Listed Food Companies in Thailand

Prakaydao Krissadee — 2023-12-20

This research studies the impact of working capital management on profitability among the food companies listed on the Stock Exchange of Thailand during 2018-2022. The study examines whether a relationship exists between working capital management and firm’s profitability. The measures of working capital management include average collection period, inventory conversion period, average payment period, cash conversion cycle and cash conversion efficiency. Return on equity and return on assets are used as proxies for firm’s profitability. The results confirm the relationship between working capital management and profitability. In particular, a shorter operating cycle and efficient working capital management increase firm’s profitability.

Drivers of Sustainable Behavioral Intentions among Students Participated in Sustainability Expo 2022

Pacharaporn Kesaprakorn — 2023-12-20

This survey research aimed to examine the drivers influencing sustainable behavioral intentions among students who participated in the Sustainability Expo 2022. The factors being examined included media exposure to the public relations media for Sustainability Expo 2022, cognition on the event management, and attitude toward sustainability development. A purposive sampling method was employed to select 79 students currently enrolled at Bangkok University, who participated in Sustainability Expo 2022, and the data was analyzed using Path analysis. The finding revealed that the model fits well with the empirical data. Students’ exposure to public relations media positively influenced their cognition on the event management with statistical significance. Students’ cognition on event management had a significant positive impact on their attitude toward sustainability development. Their attitude toward sustainability development had a significant positive effect on their sustainable behavioral intentions.

When examining the direct and indirect effect of each factor, the results revealed that both the cognition of the event management and the attitude toward the sustainability development had significant direct effects on students’ sustainable behavioral intentions. Additionally, cognition of the event management had a significant indirect effect on students’ sustainable behavioral intentions. However, students’ exposure to public relations media had a significant negative impact on their attitude toward sustainability development directly. In contrast their cognition on the event management had a significant positive influence on attitude toward sustainability development directly. Furthermore media exposure was not significant predictor of sustainable behavior intentions among students. The findings demonstrated the outcomes of the Sustainability Expo 2022 as perceived by students who are significant stakeholders of the sustainability development goals in Thailand. Responsible organizations can use the findings to plan the public relations campaign and event management of Sustainability Expo in the future in order to reach and increase sustainability behavior among Generation Z.

Factors Influencing Burnout of Registered Nurses University Hospitals in the Northeast during the Epidemic Situation of the COVID-19

Pornpimon Sookpier — 2023-12-20

This study has two primary objectives: 1) To investigate the burnout experienced by registered nurses in a university hospital in the northeast during covid-19 epidemic, and 2) To examine the factors influencing burnout among registered nursed in the same university hospital during the covid-19 epidemic. In this research, data collection was conducted through the use of questionnaires. The sample comprised 140 registered nurses from a university hospital in the northeast, selected via stratified random sampling. The statistical analyses employed included frequency, percentage, mean, standard deviation, and stepwise multiple regression analysis.

The study yielded the following outcomes: 1) The overall level of burnout among registered nurses in a university hospital in the northeast during the covid-19 epidemic was assessed as low. 2) Among the factors influencing burnout in registered nurses at the same hospital, workload perception ranked the highest, followed by operational environmental factors. These two factors accounted for 33.20% of the variability, with a forecasting error of ±0.346.

Causal Model of Factors Influencing the Usage Behavior of the Health Application on a Smartphone

Sucheera Sinsap — 2023-12-20

This article aims to investigate the effects of performance expectations, expectations of effort, social influence, facilitation conditions, resistance to change, and intention to use on the behaviors related to the utilization of health applications on smartphones. The study employed a multi-step random sampling method to gather questionnaire data from a sample of 400 individuals residing in the upper northeastern region, covering the provinces of Loei, Nong Khai, Bueng Kan, Nong Bua Lamphu, and Udon Thani. The subsequent analysis included descriptive statistics, confirmatory factor analysis and path analysis. The model's consistency with empirical data was verified through the path analysis. The relationship between variables is described as follows: 1) The intention to use is directly and positively affected by social influence, facilitation conditions, performance expectations, and expectations of effort. Together, these predictive variables account for 55.00 percent of the variance in the intention to use variable. 2) Usage behavior, is directly and positively affected by the intention to use and indirectly influenced in a positive manner by social influence, facilitation conditions, performance expectations, and expectations of effort. The results of this indirect influence are transmitted through the intention to use, jointly elucidating 76.00 percent of the variance in the usage behavior variables.