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

摘要

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 '.? size negatively affects profitability; 2) financial leverage positively impacts profitability; 3) financial liquidity positively influences profitability; and 4) firm 's revenue positively affects profitability.