clarification and contain recommended practices in relation to each Principle and Sub-Principle. In contrast to a ‘comply or explain’ requirement, the ‘apply or explain’ basis intends to encourage the board to
resolved implying higher risk. In contrast, earnings realization implies a decrease in expected rate of return due to resolution of uncertainty. – Nekrasov and Shroff (2009) propose a model in which expected
reduce over-trading volumes. By contrast, KAMs concerning inventory valuation lead investors to decrease under-trading volumes. Discussion and Implication Interestingly, investors react more to neutral
𝐴𝑈𝐹𝐼𝑁𝐷𝐸𝑋𝑃𝑖𝑡 (À20= 2.490, P < 0.01) are statistically significant with a positive sign. In contrast, the coefficient of interactions among 𝐵𝐼𝐺4𝑖𝑡−1, 𝑌2020 and 𝑅𝐹𝐸𝐸𝑖𝑡 (À13= -5.438, P < 0.01) is
of 77.2% and 74.5%, respectively. Product mix differentiation (the slowdown of Automotive sector and the startup of Network Switch line) and the Thai Baht appreciation against the USD together with the
currency. In contrast, the Company recorded gain on exchange rate of Baht 200.65 million in the 3 rd quarter of 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the
contrast, the Company recorded gain on exchange rate of Baht 38.03 million in the 1st quarter of 2019 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of asset
days in advance. The company had expenses related to new recruits for new three branches and one branch expansion in the first half of 2017. In contrast, the Company opened only two branches of Maygori
development business. The Company recorded negative earnings before interest and taxes of 584 million Baht (120% of total revenue) in contrast to the 2Q 2018 with profit before finance cost and income tax of