A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals* Sarayut Rueangsuwan † Kasetsart University, Thailand August 2015 Abstract Prior literature on meeting or beating earnings benchmarks extensively documents that market rewards firms reporting a string of consecutively earnings increases. To date, it is still unclear what an earnings string really means. This paper empirically provides rational explanations for this phenomenon by investigating whether the increment...

, we organized audit quality workshops where root causes were identified and analyzed, and improvement plans created, for the benefit of local firms’ better audit quality. One of the consensus points

and Singapore. Foreign investors also holds Thai Non-Voting Depository Receipts (NVDR), an investment instrument created by the SET to allow foreign investors to invest in companies that otherwise have