weak to nonexistent. • Barras, Scaillet, and Wermers (2010) document that 75% of funds exhibit zero alpha (net of expenses). Also, there were significant proportion of positive alpha funds prior to 1996
argument suggests that higher board gender diversity weakens corporate culture. Based on a large sample spanning almost 20 years (2001-2018), our results demonstrate that companies exhibit significantly
firm value. 8 If fundamental information is manifested in earnings persistence or reflects earnings growth, it seems logical that a firm with stronger fundamentals would exhibit either higher persistence
cost of water treatment system installation is around 40-60 baht per waste water ton. This would affect the cost structure and the investment return of the project. (3) Analysis on movement of the
transaction has been completed), therefore, the movement of financial position was primarily attributed to aforementioned acquisition. ASSETS ASSETS BREAKDOWN 31 DECEMBER 2016 30 JUNE 2017 (THB mn) % out of
June 2017 (the date on which the transaction has been completed), therefore, the movement of financial position was primarily attributed to aforementioned acquisition. ASSETS ASSETS BREAKDOWN 31 DECEMBER
flow of the Company was (47.8) million Baht. The details of cash flow movement are as following; 2016 2017 Cash Flow from Operating Activities (995.5) (1,832.3) Cash Flow from Investment Activities
cost of water treatment system installation is around 40-60 baht per waste water ton. This would affect the cost structure and the investment return of the project. (3) Analysis on movement of the
movement of money and assets of the fund, and approve money and asset transferring for the purpose other than those provided in 1 and 2. 3.2 External auditor to perform the audit of the fund assets at least
the misuse of the client’s assets such as: 3.1 Compliance or other assigned person who will inspect and verify the movement of money and assets of the fund, and approve money and asset transferring for