variable while Tobin Q is exogenous variable. Table 8.3 and Table 8.4 show the outcomes of OLS analysis for equation 6.1 and 6.2. Table 8.3 Outcomes of OLS analysis on Tobin Q Tobin Q is the ratio between
others? We leave these questions for future research. 12 REFERENCES Barber, B. M., Odean, T., & Zheng, L. (2005). Out of sight, out of mind: The effects of expenses on mutual fund flows. The Journal of
, the Compa 9M/2016 MB 300.0 597.5 608.9 124.7 299.8 rter of 2017 n baht or an s were 9,04 increase ra or an increa s period of 8 percent. set and Cam diary and a er of 2017 nd other se due to the since
among investors to cause excessive trading and Kyle and Wang (1997) show why this overconfidence may persist over long periods of time. Linking these two ideas could also explain why so many studies have
flavors of active management (e.g. tactical asset allocation, security selection, etc.). Alpha and beta are at the heart of traditional performance analysis; however, as we show in this paper, they are only
incentives encourage management to show a small amount of earnings increases and a series of consistently earnings increases. Ke (2004) documents the association between executive’s equity-based compensation
performance of equity mutual funds in Thailand. We fi nd that their returns vary with economic cycle and stock market condition. Overall, equity mutual funds in Thailand show better performance during bear
). Time-varying rare disaster risk and stock returns. Journal of Financial Economics, 101(2), 313–332. Bernanke, B. S. (1983). Irreversibility, uncertainty, and cyclical investment. The Quarterly Journal of
total he remaining diary of the C iary company PS, equivale mpany engag L, equivalen pany branch o or Business . 1/2018 ransactions d Board of e Board of its business nted media business of al of assets
Director y shares of n and can ge diary of the C ompany’s ma ome Shopping vantage to fin hall create the py. n, the Board he business a ss tends to gr rcent of the . South Kore onomy of the and consider 90