implement short- term speculative trading strategy than other types of market participants. • Retail investors tend to exhibit a higher degree of cognitive biases such as the prospect theory (Tversky and
tablet. And, in the second half of the year, the Company will continue to launch additional new products beyond its traditional products, i.e. Salty Lemon, a carbonated beverage product from LQSF in
the 3-month and 6-month periods ending 30 June 2017, respectively. The rise was due to increasing purchase orders from our energy drinks under Carabao trademark in both bottle and non-carbonated can
our energy drinks under Carabao trademark in both bottle and non-carbonated can formats principally in CLMV countries and Afghanistan. Further to the existing markets, pursuant to the Board of Directors
trademark in both bottle and non-carbonated can formats principally in CLMV countries. Further to the existing markets, pursuant to the Board of Directors’ meeting No. 4/2560 held on 25 April 2017 to approve
268 million, an increase of 14% YoY. Selling expenses to sales increased to 22.2% from 15.7% in Q3/2017, mainly due to multiple new products launch, e.g. Carbonated Fizza Salty Lemon, HPP (High Pressure
all android handsets, to exhibit leadership in 4G. Handset subsidies remained stable and more targeted; however, the competition in fixed- speed unlimited plans has challenged an ability to increase
weak to nonexistent. • Barras, Scaillet, and Wermers (2010) document that 75% of funds exhibit zero alpha (net of expenses). Also, there were significant proportion of positive alpha funds prior to 1996
argument suggests that higher board gender diversity weakens corporate culture. Based on a large sample spanning almost 20 years (2001-2018), our results demonstrate that companies exhibit significantly
firm value. 8 If fundamental information is manifested in earnings persistence or reflects earnings growth, it seems logical that a firm with stronger fundamentals would exhibit either higher persistence