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

to financial information; - In the case where the Company has disclosed a business plan or a financial prediction in the registration statement or the annual registration statement/annual report

case where the Company has disclosed a business plan or a financial prediction in the registration statement or the annual registration statement/annual report, clarify the results of the implementation

characteristics: (1) having deficiency in legal competency, being subject to legal action under the law governing supervision of capital market, or lacking trustworthiness as specified as prohibited characteristic

, being subject to legal action under the law governing supervision of capital market, or lacking trustworthiness as specified as prohibited characteristic in Group 1 under Clause 29; (2) having a record of

prohibited characteristics: (1) having deficiency in legal competency, being subject to legal action under the law governing supervision of capital market, or lacking trustworthiness as specified as prohibited

trustworthiness in regard of undertaking such securities businesses; "major shareholder" means any person directly or indirectly holds shares of securities company exceeding ten percent of voting shares of such