continual expansion of rental business at Lumpini Township Rangsit-Klong 1 Phase 3 since the end of 2018 and the rental business at ready-to-move- in projects since 2020, namely, Lumpini Park Phahol 32
retail investors brings up the issue of whether a cognitive bias is influencing their decision. • One possible explanation could be based on a misconception that at threshold prices, an up-move of one tick
Oster’s (2019) testing for coefficient stability. Our results survive all the robustness checks and thus appear to be strongly robust. Therefore, our results likely reflect a causal effect, rather than a
million THB from 2017. It is the income recognized from 11 projects completed in 2018, 54% of which is recognized from sales of the projects and 46% from the liquidation of ready-to-move-in projects
%. The income from rental and service fee and management fee increases 37.58% and 20.52% respectively. Moreover, in order to sell ready-to-move-in projects, the sales promotion costs (excluding ownership
statistically significant with a negative sign. Results : A logistic regression model 2 It is evident that when clients move to the Big 4, they pay higher audit fees, especially in 2020. Clients are more likely
governance. Moreover, the move also urges the board of directors to emphasize on efficiency under the CG principle and encourage constant compliance of anti-corruption practices. These efforts will lead to
sustainable development of the Thai capital market, the implementation of the National 20-Year Strategy, and the move towards the United Nations Sustainable Development Goals (SDGs), especially the SDG 15
factor especially upon institutional investors. Hence, the I Code could be a booster of such market force and a robust ecosystem for corporate governance practices and responsible business operation in the
and more complex changes, which tend to emerge faster and become more severe, the Thai capital market remains strong in playing its roles and performs duties with all capacity and robust resources. In