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Pornanong Budsaratragoon

พรอนงค์ บุษราตระกูล
Associate Professor

Joined : Jun/1995
Email :

Areas of Interest

Investment, Corporate Finance, Risk Management, Corporate Governance


  • Doctor of Business Administration, Finance, Chulalongkorn University, 1997
  • Master of Business Administration, Management Information System, University of Dallas, U.S.A., 1991
  • Bachelor of Business Administration, Quantitative Management, Chulalongkorn University, 1989

Employment History

  • Associate Professor in Finance, Faculty of Commerce and Accountancy, Chulalongkorn University, 1995 - Present

Refereed Publications

  • Journal of Policy Modelling, Forthcoming, , , "Reform Priorities for Prosperity of Nations": • Boonlert Jitmaneeroj (with Pornanong Budsaratragoon)
  • Socio-Economic Planning Sciences, 2020, 70, (100768), "A critique on the Corruption Perception Index: An interdisciplinary approach": Boonlert Jitmaneeroj (with Pornanong Budsaratragoon)
  • Journal of Forecasting, 2020, 29 (3), 368-393, "Do monetary policy transparency and central bank communication reduce interest rate disagreement": • Boonlert Jitmaneeroj (with Ruttachai Seelajaroen, Pornanong Budsaratragoon)
  • Measuring Business Excellence, 2019, 23 (3), 292-316, "Measuring causal relations and identifying critical drivers for corporate sustainability: The quadruple bottom line approach": Boonlert Jitmaneeroj (with Pornanong Budsaratragoon)
  • Veridian E-Journal, 2019, 12, , "The Adequacy of Savings in Provident Funds for Retirement": S., Raungsombut, N., Seelajaroen, R., Busaratrakul, P., Pisedtasalasai, A., Ratanabanchuen, R. and Assawareungpipop, N.
  • Chulalongkorn Business Review, 2016, 38, , "The Effectiveness of Financial Education on Making Investment Choices of Saving for Retirement": Ratanabanchuen, R., Budsaratragoon, P., Pisedtasalasai, A., Lhaopadchan, S., Seelajareon, R., & Asavaroungpipop, N.
  • Accounting and Finance, 2012, 52, 1013 - 1039, "Applying developed country regulation in emerging markets: An analysis of Thai insider trading": Budsaratragoon, P. (with Suntharee Lhaopadchan and David Hillier)
  • Review of Behavioral Finance, 2010, Nov 2010, Vol. 2, Issue 2, 106-125, "Intuitional Shareholder activism and Limited Investor Attention": Budsaratragoon, P. Lhaopadchan, S. Hillier, David
  • Chulalongkorn Business Review, 2008, , 115-116, ""Asia's Corporate Governance"": Budsaratragoon, P.
  • Chulalongkorn Review, 2007, 19(76), 44-74, "Securities analysis’ information seeking Pattern and problem solving skill": Tangmanee, C. Budsaratragoon, P
  • Regional Financial Markets issues and Policies, 2004, , , "The Integration of Thai Capital Market Using Relevant Assets": Tirapat. S. Budsaratragoon, P
  • Chulalongkorn Review, 2003, 25 (97), 43-63, "The Pricing of Foreign Exchange Risk in Segmented Thai Stock Market": Tirapat. S. Budsaratragoon, P
  • Chulalongkorn Business Review, 2002, Vol.24, , "Money Market Integration": Budsaratragoon, P
  • Thai Journal of Development Administration, 1998, Vol.38, No.3 1998, , "A test of financial statement Information in Thailand : Bad news for fundamentalist?": Tirapat. S. Budsaratragoon, P


  • สัญญาซื้อขายล่วงหน้าสินค้าเกษตร: หลักการและการประยุกต์ใช้กับตลาดสินค้าเกษตรล่วงหน้าแห่งประเทศไทย ของสำนักงานคณะกรรมการกำกับการซื้อขายสินค้าเกษตรล่วงหน้า, 2552
  • การลงทุนในตราสารอนุพันธ์ สำหรับ CISA ระดับ 2 ของสถาบันพัฒนาความรู้ตลาดทุน ตลาดหลักทรัพย์แห่งประเทศไทย, 2551
  • การลงทุนในตราสารอนุพันธ์ สำหรับ CISA ระดับ 1 ของสถาบันพัฒนาความรู้ตลาดทุน ตลาดหลักทรัพย์แห่งประเทศไทย, 2550
  • ตำรา การลงทุนพื้นฐานและการประยุกต์ โรงพิมพ์แห่งจุฬาลงกรณ์มหาวิทยาลัย, 2548, 2549

Other Publications

  • Journal of the Institute of Internal Auditors of Thailand, 2003, Vol. 14, No. 27, , "Internal Audit and Self Assessment": Budsaratragoon. P

Working Papers

  • "An experimental analysis on pension fund asset allocation: A case study of the Thai Government Pension Fund": Pornanong Budsaratragoon (with Lhaopadchan S. and Hillier D.)
  • "Employee savings and investment preferences in public sector pension plans": Pornanong Budsaratragoon (with Lhaopadchan S. and Hillier D.)
  • "Saving and Investing for Retirement : Empirical Evidence from Thai Governance Pension : An Experimental Analysis on Pension Fund Asset Allocation": Budsaratragoon, P
  • "The Relationship between Idiosyncratic Risk and Corporate Governance": Budsaratragoon. P


Number Name
2604491 Seminar in Finance
2604644 Investment Analysis
2604683 Contemporary Financial Management Issues for Internal Auditors