, 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
deposit can reinforce the Company’s liquidity and reduce the cost as well. 10) Opinions of the Audit Committee and/or the Directors of the Company having differing opinions from the Board of Directors of
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
any conflicts transparently to them. 1.5 Appropriate remuneration structures Institutional investors’ pay structures should reinforce their culture and focus on advancing beneficiary or client interests
, will enhance the Company to expand into new markets and reinforce the business. In addition, it will drive the Company in its journey to become a Health- Driven Global F&B Firm that operates sustainably
in a timely manner. • The audit firm should specify or provide example on matters where the consultation is expected and reinforce the firm culture that the consultation on difficult or contentious
diversify risks on business operation of the Company at present and to reinforce the Company to have potential in strengths and stabilities for business operation of the Company in a long run. The Company has
board should ensure that the development of remuneration structures for company employees reinforce, and do not undermine, sustained value creation. Performance-based remuneration for staff should