• A related strand of research focuses on price clusters. • Many studies have found that the stock prices tend to cluster around particular numbers (e.g. Harris (1991), Aitken et al. (1996), Brown et al
Goetzman&Ibbotson (1994) Nonparametric contingency table Yes Brown&Goetzman (1995) Nonparametric contingency table Yes Carhart (1997) 4-factor model momentum Yes Bollen&Busse (2005) 4-factor model momentum
documentation to take into consideration potential exceptional events (such as significant change in perimeters through material M&A activities) or extreme events, including drastic changes in the regulatory
an intention to transition away from less-brown fossil-fuel sources (such as natural gas) to a waste-to-energy approach. In Sustainalytics’ view, such a transition could be strengthened by adding
’ attention and increase a firm’s investment visibility (Brown et al., 2009). Main Explanations Growth and Risk – What? • Although growth and risk seem as two distinct inputs, recent research suggests they are
Saraburi Quicklime subsidiary, while we expect to maintain the momentum into the end of the year , there were exceptional circumstances in the competitive environment during the last two quarters that
-affirmed to AA- by TRIS Industry spreads weak Management focus on cost and cash flow improvement Exceptional items adversely impacted core EBITDA Strong Thai Baht adversely impacted translated earnings 2 3Q
potential exceptional events (such as significant change in perimeters through material M&A activities) or extreme events, including drastic changes in the regulatory environment that could substantially
นั้น เรายัง ต้องลงทุนในกลุ่มอุตสาหกรรมอื่น ๆ ที่มีส่วนสำคัญต่อเศรษฐกิจ แต่ยังเป็น brown industry (เช่น การผลิตพลังงานจากเชื้อเพลิงฟอสซิล อุตสาหกรรมซีเมนต์ เหล็ก) เพื่อร่วม เดินทางบน transition journey ไป
” Uncertain and unclear regulatory and policy trajectory Lack of incentives Lack of reliable data Small market size Source: Blackrock Green repricing: It’s happening Relative return of green vs. brown sectors