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
criterion. The combination of such transaction size and other transactions on the acquisition of assets occurring during 6-month period prior to the date on which the Board of Directors resolved to approve
criterion. The combination of such transaction size and other transactions on the acquisition of assets occurring during 6-month period prior to the date on which the Board of Directors resolved to approve
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
. Q: What is a recommended criterion for specifying an appropriate board remuneration? A: An appropriate remuneration should reflect the level of responsibilities and the performance of the board. It
is 61.84 percent as calculated based on the total value of consideration criterion, which gives the highest transaction value. After computation of the foregoing with the transaction size of the
exhibit a slow growth, increasing 4.2% from last year. The number of Chinese tourists which made up 28% of total tourist arrivals recovered in the second half of the year with growth of 4.4% for total year
still exhibit a decline of 2.2%. Although the economy is showing signs of recovery in many areas, factors that still need to be monitored include 1) the continuing trade tensions between the US and
exhibit a slowdown. The tourism sector was impacted by the Phuket boat incident and partly resulted in, after seasonal adjustment, the continued decline in the number of foreign tourists during the month of