Alpha, Beta, and Now…Gamma David Blanchett, CFA, CFP® Head of Retirement Research Morningstar Investment Management Paul Kaplan, Ph.D., CFA Director of Research Morningstar Canada August 28, 2013 Morningstar Investment Management Page 2 of 27©2013 Morningstar. All rights reserved. This document includes proprietary material of Morningstar. Reproduction, transcription or other use, by any means, in whole or in part, without the prior written consent of Morningstar is prohibited. The Morningstar I...

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61%  Pump construction completed  pump is under installation  Electrical works and water towers are under construction. 2. Water Supply Plant Phase 1 (Thai Muang) 58%  Water production plant is

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investment cost of the project calculated from the assessment of bids based on the preliminary engineering design, including the estimated expenses of other relevant works and necessary for the ERU Project, as

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several studies suggested, CSR is a corporate strategy that works in the relatively long period (e.g. Campbell, 2007; Garriga and Mele, 2004; Servaes and Tamayo, 2013). A possible concern in the current