market positively reacted to debenture issuances with abnormal profit. The said finding was based on the trade-off theory under which costs and benefits debt financing are weighted. If the benefits

investigate which types of market participants are more likely to implement such trading strategy and provide abnormal liquidity to the market at threshold prices. • H1: The existence of different relative tick

December 2018. The major increase item is raw material which is result from the strategic buy of raw material under the abnormal market situation in last year. Unit : Million Baht 31 Mar 2019 31 Dec 2018

firms from Singapore and Thai exchanges. • Next, firms sorted into decile groups by price and top decile price range is eliminated. • Assume event firm abnormal returns are independent as RTO occurrence

the management team and good teamwork. At present, the Company has released additional products such as galvanized paint, welding wire, including I-retail business. The company has increased

has loss on cost of goods sold because the declining of raw material price and abnormal loss in manufacturing process. 2. Cost of Refining Service in the 2nd quarter of 2015, and 2014 cost of sale was

declining of raw material price and abnormal loss in manufacturing process. 2. Cost of Refining Service in the 2nd quarter of 2015, and 2014 cost of sale was THB 8.03 million and THB 18.97 million, with ratio

any special transactions or transactions came from the abnormal operations. • There was no significant change after the date specified in the latest financial statement that may affect the financial

affected by the closures and abnormal operating hours of shopping stores due to the pandemic of COVID-19. The steep decline in the number of Chinese tourists also weighed in the plunge of skincare sales. The

– Higher price-earnings multiples (Barth et al., 1999) – Positive abnormal returns (Bartov et al., 2002) – Lower cost of debt (Jiang, 2008) • One can simply ask a following question: what really drives this