_____________________________________________________________________ Page 8 of 8 Form 35 – NRI CIS I/We have duly examined the information contained in this application form hereto and declare that to the best of our knowledge and belief all information given in this

Asymmetry (con’t) • Theoretical prediction about the role of individual stocks’ return history – Saar (2001) argues that the longer the run of price appreciation a stock experiences, the lower the buy-sell

_____________________________________________________________________ I/We have duly examined the information contained in this application form hereto and declare that to the best of our knowledge and belief all information given in this application form and the

_____________________________________________________________________ I/We have duly examined the information contained in this application form hereto and declare that to the best of our knowledge and belief all information given in this application form and the

and belief all information given in this application form and the documents enclosed are true, accurate, and complete. The text of each document is the same as that previously submitted to the

the information contained in this application form hereto and declare that to the best of our knowledge and belief all information given in this application form and the documents enclosed are true

on ROE Page 34/40 Prediction Model Page 35/40 Outcomes of TSLS analysis on Tobin Q Page 36/40 Final Equation of the Study Page 37/40 Discussion and Conclusion Page 38/40 Discussion and Conclusion (Cont

. (1996), Bacidore (1997), Bessembinder (2000), Goldstein and Kavajecz (2000), and Chung et al. (2004)). • The first prediction is by Harris (1994) who expects that bid- ask spreads should narrow following

แบบแสดงรายการข้อมูลการเสนอขายหลักทรัพย์ (UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force, and that this English translation is strictly for reference. 2 Registration Statement for Securities Offering (Form 69-1) Company: .......... (Name of Securities Offeror) ….....… Offers for Sale ....................................................................................................................................................... .................

mere association. Finally, we also investigate the prediction of the critical mass theory, which posits that female directors matter if there are enough of them on the board. Prior research suggests that