intensified competitive environments in the near future. FAP therefore keeps pace with changes of international professional standards, including the International Financial Reporting Standards (IFRSs), the
, we use the Carhart (1997) 4-factor adaptation of the Fama and French (1993) 3-factor model that includes the momentum (returns persistence) factor.4 For each stock in the sample, we estimate its beta
Top Quintile from 2012 through 2014. Only four funds stay in Top Half from 2010 through 2014. Performance Persistence Over Three Consecutive 12-Month Periods Mutual Fund Category Fund Count at Start
– 16.15 น. นำเสนอผลงานวิจัย หัวข้อที่ 3 " Relationship among Sustainability Disclosure, Earnings Persistence and Economic Value Added of Initial Public Offering Firms: An Empirical Evidence of Thai
downturn in the goods-producing sector intensified, while agricultural output continued to fall amid a lingering drought. Consequently, annual private consumption growth moderated, while business and
through to the domestic economy. The downturn in the goods-producing sector intensified, while agricultural output continued to fall amid a lingering drought. Consequently, annual private consumption growth
mutual funds are able to successfully time the market and that their performance is negatively related to their expenses. • Carhart (1997) documents that persistence in superior fund performance is very
into a few well-resourced media operators. Competition has intensified, but so too has opportunity with widening audience reach. The demand of outdoor media has also grown with the implementation of the
previous year have ended and the competition has intensified in the stainless pipe product. As a result, sales and gross margin declined in the current quarter. While administrative expenses have increased
addition, our business direction for next year is aiming at growing production volume, intensified cost reduction measures, and cash flow management. In the long run, the Company is still confident that it