Vocational Education Central Region Journal

Factors Affecting the Stock Price : Listed Companies on the Stock Exchange of Thailand the SET100 Index Group

Natchapan Wongchai, Panchat Akarak — Tue, 30 Dec 2025 00:00:00 +0700

The study of factors affecting stock prices is very important because stock prices of companies in the SET100 group are important indicators reflecting the economic situation, political changes, and investors’ confidence in the capital market. This research aims to study the factors affecting stock prices in a group of companies listed in the Stock Exchange of Thailand, SET100 group, whose stock values have been ranked in the SET100 for 10 consecutive years. The research is a quantitative analysis using secondary data consisting of stock prices of companies listed in the SET100 group, dividend yield, Dow Jones Index, GDP growth rate, baht-US dollar exchange rate, inflation rate, and total assets to test the relationship between variables using multiple regression equations to analyze all data statistically, including descriptive statistics analysis and correlation coefficient analysis. And the analysis of the multiple correlation coefficient.

From the study, it was found that the factors that affect the stock price in the same direction as the dividend yield (DIV), GDP growth rate (GDP) and the Dow Jones Index (DJIA). The factors that affect the stock price in the opposite direction are the inflation rate (INF).

Assessing Digital Competency of Teachers to Enhance Life Skills of Students in Extra - Large Schools under the Secondary Educational Service Area Office Bangkok 2

Sittiprom Winaithum, Subin Yurarach — Tue, 30 Dec 2025 00:00:00 +0700

This research aimed to 1) investigate the level of digital competency among teachers who promote life skills in extra - large schools under the Secondary Educational Service Area Office Bangkok 2 2) analyze the relationship between teachers' digital competency and students' life skills in these schools. The study involved 347 teachers from extra-large schools under the Secondary Educational Service Area Office Bangkok 2. Quantitative data were collected using questionnaires. The data were analyzed using percentages, the mean, standard deviation, and Pearson's correlation coefficient.

The findings revealed that 1) overall, teachers demonstrated a very high level of digital competency. When considering each aspect, teachers exhibited a very high level of digital competency in all areas. Ranked from highest to lowest mean score, these areas were: self-development competency, ethical and moral competency in using digital technology, classroom management competency, competency in building relationships and collaboration with the community, and learning management competency. Students' life skills were also at a very high level, particularly decision -making skills. 2) There was a statistically significant positive correlation between teachers' digital competency and the promotion ofstudents' life skills at the 0.01 level, with a Pearson correlation coefficient of 0.941.This indicates that individuals with high levels of digital competency tend to also have high levels of life skills.

Superleadership of School Administrators under Kanchanaburi Primary Educational Service Area Office 2

Nannaphat Chowmuangnon, Mitparnee Pumklom, Pongsak Ruamchomrat — Tue, 30 Dec 2025 00:00:00 +0700

The purposes of this research were to study and compare the superleadership of school administrators under Kanchanaburi Primary Education Service Area Office 2 classified by gender and work experience. The sample for this study consisted of 276 teachers. The research questionnaire had a reliability of 0.98. Statistical methods used for data analysis included percentage, mean, standard deviation, t-tests, one-way ANOVA, and pair difference test by Scheffé's method, with statistical significant level 0.05.

The results of the study were as follows: 1. The overall leadership above leadership of school administrators under the Kanchanaburi Primary Education Service Area Office 2 was performed at a high level. When analyzed by individual aspects, it was found that all aspects were performed at a high level, with the aspect of facilitating self - leadership receiving the highest mean score. 2. The comparison of superleadership among school administrators by gender showed no significant statistical differences. However, a statistically significant difference was found in the aspect of promoting self - leadership among staff, where male teachers expressed stronger opinions compared to female teachers. 3. When comparing the leadership above leadership of school administrators under the Kanchanaburi Primary Education Service Area Office 2 based on work experience, no significant difference was found overall. However, when analyzed by specific aspects, a statistically significant difference was found in the aspect of enabling personnel to be self - leaders. Teachers with more than 10 years of work experience had a higher opinion of the leadership above leadership of school administrators than teachers with less than 5 years of work experience. This suggests that teachers with more experience tend to have a more positive view of the leadership above leadership of school administrators.

Factors Affecting Bakery Purchasing Decision Behavior in Bangkok

Suratuch Phenprasit, Kunlasap Thongprasit — Tue, 30 Dec 2025 00:00:00 +0700

This research aimed to 1) analyze demographic factors influencing bakery purchasing decision - making behavior in Bangkok and 2) analyze marketing mix factors influencing bakery purchasing decision - making behavior in Bangkok. A questionnaire was used to collect data from 400 consumers residing in Bangkok. Statistics used for data analysis included percentages, frequencies, means, standard deviations, one - way ANOVA and Chi - square tests. The results revealed that demographic factors, including gender, age, education level, occupation and average monthly income, had no significant effect on bakery purchasing decision - making behavior in Bangkok. Marketing mix factors, including product, price, distribution channel and promotion, were significantly associated with bakery purchasing decision - making behavior in Bangkok at a statistical significance level of 0.05.

Creative Leadership of Administrator Affecting Teacher Participation in Institute under Jurisdiction of Nakhon Pathom Provincial Vocational Education Office

Suntaree Tantiampai, Oraphan Toujinda, Duangjai Chanasid — Tue, 30 Dec 2025 00:00:00 +0700

This research aimed to study: 1) the level of creative leadership of educational institution administrators, 2) the level of teacher participation in educational institutions, and 3) the impact of creative leadership of school administrators on teacher participation in educational institutions. The research sample consisted of 21 school administrators and 193 teachers, totaling 214, from the educational institutions under the jurisdiction of Nakhon Pathom Vocational Education Office. During the 2023 academic year. The sample was selected using proportional stratified random sampling, based on school characteristics. The research instrument was a questionnaire developed by the researcher. Statistics used for data analysis included frequency, percentage, mean, standard deviation, and stepwise multiple regression analysis.

The research results were as follows:

1. Overall, the level of creative leadership of the administrators was at a high level (= 4.31, S.D. = 0.27). When analyzed by specific aspects, each aspect was at a high level. The aspects included consideration of individuality ( = 4.33, S.D. = 0.31), flexibility and adaptability ( = 4.32, S.D. = 0.34), teamwork ( = 4.32, S.D. = 0.36), vision ( = 4.30, S.D. = 0.34), and creativity ( = 4.30, S.D. = 0.34), respectively. 2. Overall, the level of teacher participation in educational institutions was at a high level ( = 4.31, S.D. = 0.28). When analyzed by specific aspects, each aspect was at a high level. The aspects included participation in operations ( = 4.32, S.D. = 0.33), participation in monitoring and evaluation ( = 4.32, S.D. = 0.34), participation in receiving benefits ( = 4.31, S.D. = 0.38), participation in planning ( = 4.30, S.D. = 0.35), and participation in decision making ( = 4.30, S.D. = 0.36), respectively. 3. The creative leadership of administrators in the aspects of consideration of individuality (X₄), creativity (X₂), flexibility and adaptability (X₃), vision (X₁), and teamwork (X₅) significantly affected teacher participation in educational institutions. These aspects collectively predicted teacher participation in educational institutions at a percentage of 69.00 with a statistical significance level of 0.01.

Influence of Efficiency in Asset Management Risk from Borrowing Money That Has an Impact on the Market Value of the Securities Exchange of Thailand SET 100

Anong Inta, Orawan Chuamaungphan, Panchat Akarak — Tue, 30 Dec 2025 00:00:00 +0700

This research aims to test the influence of asset management efficiency, borrowing risk on the market value of listed companies in the Stock Exchange of Thailand SET 100 by collecting data from 2021 - 2023, with 180 samples. The statistics used in the research include descriptive statistics, analysis of correlation coefficients between variables, and multiple regression analysis for testing hypotheses.

The research results found that the efficiency of asset management, namely total asset turnover ratio, receivable turnover ratio and inventory turnover ratio, had a positive relationship with book value per share with a statistical significance of 0.01 The risk from borrowing money, namely debt to asset ratio, had a negative relationship with market price to book value per share with a statistical significance of 0.05 The interest coverage ratio had a negative relationship with market price to book value per share with a statistical significance of 0.01

Parents' Expectations Towards Early Childhood Education Management at Plearnpin Kindergarten School under the Office of the Private Education Commission Surat Thani Provincial Education Office Ministry of Education

Pintip Khawponsri, Nuttachai Sri-iam, Waraporn Thaima — Tue, 30 Dec 2025 00:00:00 +0700

This study was mixed - methods research that aimed : 1) to examine parents' expectations towards early childhood education management at Plearnpin Kindergarten 2) to develop educational management guidelines based on these expectations and 3) to compare expectations across different demographic factors. The sample consisted of 65 parents whose children were enrolled at Plearnpin Kindergarten during the 2024 academic year. The research instrument was a questionnaire. Data were analyzed using descriptive statistics including mean and standard deviation (S.D.) and inferential statistics using One - way analysis of variance (One - way ANOVA).

The findings revealed that : 1) Most respondents were female (68.5%), aged 31 - 40 years (52.3%), held bachelor's degrees (73.8%), and earned monthly incomes of 30,000 - 50,000 baht (64.6%). Parents demonstrated high expectations overall ( = 4.45, S.D. = 0.17), with teaching personnel receiving the highest ratings ( = 4.70, S.D. = 0.06), followed by learning environment ( = 4.54, S.D. = 0.19) 2) Qualitative analysis identified five key expectation areas : Academic : Parents wanted hands - on learning, EQ development, and outdoor activities, Personnel : Teachers were expected to possess strong morals, child psychology understanding, and communication skills, Services : Parents desired skill enhancement activities, counseling services, and self - care training, Environment : Clean, safe facilities with adequate equipment were prioritized, and Community relations : Active participation in community and social activities was valued. 3) Statistical analysis showed statistically significant differences in parents expectations toward early childhood education management across gender, age, and income levels (p ≤ 0.01) while no statistically significant differences were found across educational levels (p ≤ 0.01).

The Guidance Management Guidelines for the Opportunity Expansion Schools under Chachoengsao Primary Educational Service Area Office 1

Watcharapon Kongudomsin, booth, Kanporn Aiemphaya — Tue, 30 Dec 2025 00:00:00 +0700

The objectives of this research are 1) to study the level of guidance management in opportunity expansion schools under the Chachoengsao Primary Educational Service Area Office 1, and 2) to explore the guidelines for guidance management in these schools. The study utilized a mixed-methods approach, combining both quantitative and qualitative research. The sample group consisted of 242 participants for the quantitative study, selected through multi-stage random sampling, and 8 key informants for the qualitative study, chosen through purposive sampling. The research instruments included a questionnaire and focus group discussion questions. Statistical methods used for data analysis included frequency, mean, and standard deviation. The data obtained from the focus group discussions was typological analyzed using domain analysis.

The research results found that

the level of guidance administration in opportunity expansion schools under the Office of the Primary Educational Service Area, Chachoengsao Area 1 was at a high level overall. When considering each aspect, it was found that information services had the highest average value, followed by counseling services, individual student data survey services, monitoring and evaluation services, and the aspect with the lowest average value was personnel placement services.
The personnel management guidance administration in opportunity expansion schools, under the Chachoengsao Primary Educational Service Area Office 1, includes the following aspects: In terms of individual student data collection services, teachers should be responsible for gathering data on each student. In terms of information services, there should be support for resources related to career education. Regarding counseling services, efforts should be made to help students understand, accept, and resolve the challenges they are facing. For personnel placement services, collaboration between both internal and external school staff should be encouraged for career management. Finally, in terms of monitoring and evaluation services, teachers should be provided with a clear understanding of how to implement monitoring and evaluation processes within the school.

Financial Ratios Management Structure Affect the Dividend Payout Ratio of Companies Listed on the Stock Exchange of Thailand in the SET 100 Group

Nantiya Paoai, Orawon Chuamaungphan, Panchat Akarak — Tue, 30 Dec 2025 00:00:00 +0700

This research aims to test the influence of financial ratios and management structure on the dividend payout rate of companies listed on the Stock Exchange of Thailand in the SET 100 group. Independent variables include the current ratio, debt - to - equity ratio, net profit ratio, return on equity ratio, and executive shareholding. The dependent variable is the dividend payout rate. Data was collected from 2021 to 2023, a total of 3 years. The sample consisted of 82 companies with 246 data points. Data was analyzed using descriptive and inferential statistics.

The research findings showed that the current ratio and net profit ratio had a positive correlation with the dividend payout rate at a statistical significance level of 0.05. The debt – to – equity ratio also had a significant positive correlation with the dividend payout rate at a statistical significance level of 0.01 This information is important for interested investors and can be used to inform their decision - making.

Using Information Technology for Administration of School Administrators under Kanchanaburi Primary Educational Service Area Office 3

Sakulrat Yongyoo, Patee Kesthanakorn — Tue, 30 Dec 2025 00:00:00 +0700

The research aimed to study and compare the using information technology for administration of school administrators under the Kanchanaburi Primary Educational Service Area Office 3, classified by school area different.

The samples of this research consisted of 298 administrators and teachers under Kanchanaburi Primary Educational Service Area Office 3, obtained by stratified random sampling according to school area. The research instrument was a five-level-rating scale questionnaire with content validity between 0.67-1.00 and a reliability of 0.97. The statistics used in the data analysis were percentage, mean, standard deviation, one-way analysis of variance, and pair difference test by Scheffe’s method. Statistical significance level at 0.05.

The results of the study were as follows:

the using information technology for administration of school administrators under the Kanchanaburi Primary Educational Service Area Office 3, overall and in each individual aspect were at a high level, ranking in descending order as academic administration, personal administration, general administration, and budget administration,
The comparison result of the using information technology for administration of school administrators under the Kanchanaburi Primary Educational Service Area Office 3, classified by school sizes area, Overall was significantly different at the statistical level of 0.05. The administrators and teachers in Sangkhla Buri district have more operation than administrators and teachers in Thong Pha Phum district.

Participation in Schools under Prachinburi Primary Educational Service Area Office 1

Kotchamon Tanomsap, Sarunyaporn Sinlapaprasert, Kanporn Aiemphaya — Tue, 30 Dec 2025 00:00:00 +0700

The research aims to 1) study levels of participative management in educational institutions under Prachinburi Primary Educational Service Area Office 1, 2) compare participative management in educational institutions under Prachinburi Primary Educational Service Area Office 1, classified by gender, educational level, work experience, and school size. The sample used in the research consists 278 teachers under Prachinburi Primary Educational Service Area Office 1 in the academic year 2024. The sample size was determined using Krejcie & Morgan's table, with proportion set by simple random sampling approach. The research instrument was a 5 point Likert scale questionnaire. The statistics used for data analysis included frequency, percentage, mean, standard deviation, t - test, and one - way ANOVA.

The results of the research found that:

1) The overall and individual aspect levels of participative management in educational institutions under Prachinburi Primary Educational Service Area Office 1 were high, with mean scores ranging from high to low in the following areas: goal setting, evaluation, benefit receiving, implementation, and decision making.

2) The participative management in educational institutions under Prachinburi Primary Educational Service Area Office 1 was found to differ overall, with no statistical significance, by gender, educational level, and work experience. While classified by school size, there was an overall difference, with a statistical significance level of 0.05.

Guidelines for the Boy Scout Administration in Schools under the Secondary Educational Service Area Office Kanchanaburi

Pruatukrit Changrueankul, Saroch Pauwongsakul, Nipon Wonnawed — Tue, 30 Dec 2025 00:00:00 +0700

The purposes of this research were to study the boy scout administration in schools and the guidelines for the boy scout administration in schools under the Secondary Educational Service Area Office Kanchanaburi.

The samples consisted of 318 administrators and teachers in schools under the Secondary Educational Service Area Office Kanchanaburi, obtained by stratified random sampling. The research instruments were a five – level - rating scale questionnaire with content validity at 0.67 - 1.00 and the reliability at 0.96, and the samples consisted of 8 experts selected by purposive random sampling. The data were analyzed by using percentage, mean, standard deviation, and content analysis.

The results of the study were as follows:

The boy scout administration in schools under the Secondary Educational Service Area Office Kanchanaburi was overall and in each individual aspect were at a high level, ranking in descending order as: the scout, scout activity, scout leader, and school administrator.
The guidelines for the boy scout administration in schools under the Secondary Educational Service Area Office Kanchanaburi were as follows: 1) The schools should encourage scouts to be able to apply skills and knowledge from scouting to develop the character of volunteerism. The schools should encourage scouts to have morality and sustainable ethics. 2) The administrators should give importance to study and understand the boy scout curriculum at each grade level. Expanding the results to scout directors so that the director has a consistent understanding of the curriculum. To develop scouting activities according to the curriculum to be appropriate. There is a plan to set scout activities in schools to develop scout activities into competitions in scout skills towards excellence. 3) Scout director or teachers assigned to teach boy scouts should give importance to studying the curriculum at each grade level. In order to teach the boy scouts to follow the curriculum correctly. 4) Educational institutions should organize activities according to the specified boy scout curriculum. Focusing on 5 steps sharing the knowledge base for learning emphasis on practice to create fun in learning. There is training to provide knowledge and skills in discipline. Correct scouting ceremonies in content and curriculum.

The Development of a Management Model for the College of Innovation using the Research-Based Learning, Fiscal Year 2024

Chanakomsorn Kongyuen — Tue, 30 Dec 2025 00:00:00 +0700

The purposes of this research were to: 1) study the basic information for developing a management model for the College of Innovation using a research-based approach, Fiscal Year 2024; 2) develop a management model for the College of Innovation using a research-based approach, Fiscal Year 2024; and 3) evaluate the management model for the College of Innovation using a research-based approach, Fiscal Year 2024. The research employed a research and development methodology and was conducted in three phases. Phase 1 involved a document study and interviews with 30 school administrators and teachers, selected through purposive sampling based on specified criteria. The research instrument was a semi-structured interview, and the data were analyzed using content analysis. Phase 2 focused on developing and trialing the management model for the College of Innovation using a research-based approach, Fiscal Year 2024. The sample consisted of 30 school administrators and teachers, selected through purposive sampling. The research instruments included group discussion record forms, questionnaires, and a handbook on the research-based management model for the College of Innovation, Fiscal Year 2024. The data were analyzed using frequency, percentage, mean, and standard deviation. Phase 3 involved evaluating the management model for the College of Innovation using a research-based approach, Fiscal Year 2024, by five experts selected through purposive sampling. The research instrument was a utility evaluation form covering four aspects: accuracy, suitability, feasibility, and usefulness. The data were analyzed using frequency and percentage.

The research results revealed that:

1.)The basic information for developing the management model for the College of Innovation using a research-based approach, Fiscal Year 2024, consisted of five aspects: self-awareness, fulfillment, practical application, collaborative knowledge sharing, and recognition and dissemination of research outcomes. The developed management model for the College of Innovation using a research-based approach, Fiscal Year 2024, comprised three components: (1) 12 operational elements of the model implementation; (2) five steps in the model development process; and (3) five components with 56 quality indicators. The trial implementation of the handbook at Nakhon Pathom Technical College showed that the college defined its vision, mission, and goals to develop students as innovators through
a systematic research process. Teachers analyzed instructional problems and enhanced their knowledge, leading to research-based teaching through five research steps: problem analysis, research planning, research implementation, data analysis, and research conclusion, with collaborative learning throughout the process. However, the lack of continuous supervision by research experts resulted in some discontinuities in the research process. Therefore, it is recommended to strengthen expert supervision to further improve research quality.

The evaluation results by experts indicated that the management model for the College of Innovation using a research-based approach, Fiscal Year 2024, was appropriate, feasible, accurate, and beneficial for practical application.

The Relationship Between the Transformational Leadership of Administrators and Job Motivation of Teachers in Schools under the Secondary Educational Service Area Office Kanchanaburi

Sarana Apisitsathien, Nipon Wonnawed — Tue, 30 Dec 2025 00:00:00 +0700

The research aimed to study the transformational leadership of administrators, job motivation of teachers in schools, and the relationship between the transformational leadership of administrators and job motivation of teachers in schools. The samples of this research consisted of 307 administrators and teachers under the Secondary Educational Service Area Office Kanchanaburi, obtained by stratified random sampling according to school size. The research instrument was a five – level - rating scale questionnaire with content validity between 0.67 - 1.00 and a reliability of 0.96. The statistics used in the data analysis were percentage, mean, standard deviation, and Pearson’s Product moment correlation coefficient with a statistical significance level at 0.05.

The findings were as follows:

The transformational leadership of administrators, overall and in each individual aspect were at a high level, ranking in descending order as idealized influence, inspiration motivation, individualized consideration, and intellectual stimulation.
Job motivation of teachers in schools, overall and in each individual aspect were at a high level, ranking in descending order as interpersonal relationship, salary, work itself, working conditions, advancement, and achievement.
The relationship between the transformational leadership of administrators and job motivation of teachers in schools in overall had a high positive correlation with statistical significance.