fee premiums (Carson & Fargher, 2007). Discussion and Implication Standardised audit fees and joint audits might be interesting mechanisms to mitigate market concentration; however, further evidence is

2 assets, and the remaining 6 assets are in the divestment process. This year, we are still passionate about people development, which will be done through various training and promote a collaborative

will soon be disrupted faster, hence the Company needs to be agile. We are passionate about people development through training, workshop and culture reform. We promote a collaborative and innovative

รดงักล่าวอาจจะบรรเทาลงหากกิจการ สามารถระดมทุนจากผูล้งทุนในอีกประเภทหน่ึงซ่ึงมีความมัน่คงพอสมควรในดา้นสถานะทางการเงิน และมี ธรรมชาติท่ีพร้อมในการสนับสนุนทุนแก่กิจการเหล่านั้น (passionate risk taker

well, the Company also intends to expand our business to CLMV countries (Cambodia, Lao PDR, Myanmar, Vietnam), which obtain an interesting direction of business growth. In the first quarter of , the

(Cambodia, Lao PDR, Myanmar, and Vietnam); which are the countries having interesting growth direction of business. The Company also organized the marketing activities to educate the water quality, which is

Company, therefore, the interesting bearing debt to equity ratio and the debt to equity ratio of shareholders do not exceed 1:1 which is in compliance with the Company’s policy. The financial costs are also

% 0.0826% 0.0843% 0.0860% 1.75% 0.0973% 0.0988% 0.1003% 0.1018% 0.1033% 0.1049% 0.1064% 2.00% 0.1144% 0.1157% 0.1171% 0.1185% 0.1198% 0.1212% 0.1226% Hypothesis construction • It is interesting to

are tax-privileged, we document several interesting facts. 2 First, most open-ended equity mutual funds in Thailand do not beat the market, whether it is raw or risk-adjusted returns. Second, while 94

to expand business to CLMV countries (Cambodia, Lao PDR, Myanmar, Vietnam), which are the countries having interesting growth direction of business. In the 1st quarter of , the Company enabled to sell