Cryptocurrency is a financial innovation that is exposed to high volatility. Investment in this digital asset thus requires knowledge and understanding and a risk profile that is not so sensitive

transaction is not appropriate. IFA described that EMC may be exposed to the risk to acquire the Station 1 Project at the price that is significantly higher than the minimum price as appraised by IFA if EMC is

statement of equity change of the shareholders, and the annual cash flow statement 2015 due to inefficient internal control system with regard to the cost of sales and the inventory of 2014 and insufficient

due to inefficient internal control system with regard to the cost of sales and the inventory of 2014 and insufficient evidence to clarify decrease in the production yield. The AIE auditor also

offering). The independent financial advisor (IFA) considers that the information disclosure in this case is insufficient, and the company is exposed to the risk of absence of due diligence in the

because such unlicensed activities do not come with legal protection, and the investing public is exposed to the risk of falling victim to scams. The SEC also warns the exhibition organizer to be cautious

debt securities, investors will be more exposed to credit risk of the branches than that of the foreign banks due to limitations of  law on bankruptcy. Thus, the SEC revises disclosure of the foreign

financial advisor (IFA), IFA opined that the proposed transaction is not appropriate. IFA described that EMC may be exposed to the risk to acquire the Station 1 Project at the price that is significantly

) • Over/underreaction and temporary mispricing (Lakonishok, Schleifer, and Vishny, 1994; Daniel, Hirshleifer, and Subrahmanyam, 1997) • Markets are inefficient (Basu, 1977; Rosenberg, Reid, and Landstein

business operators. This is because such unlicensed activities do not come with legal protection, and the investing public is exposed to the risk of falling victim to scams. It should be noted that all