assets space? It is much harder to answer this question than it might seem! For example: Equity: Chodorow-Reich et al. (AER, 2021) Art: Goetzmann et al. (AER, 2011) Pénasse and Renneboog (MS, 2022) https

(Luypaert and Van Caneghem 2014). Theoretically, an audit can be viewed as an economic goods or a professional service process (Knechel et al. 2020). Introduction Economic goods viewpoint Professional

Marsden, 2015; Nian and Chuen (2015); Gafar et al., 2021) 4 Background(Cont.) •Support combine Cryptocurrency to Portfolio •Low correlation with traditional assets(Krückeberg and Scholz, 2019) • Improve

characteristics (Matsumoto, 2002) - Institutional ownership - Reliance on implicit claims with their stockholders - Value-relevance of earnings Natural disasters (such as hurricanes: Byard et al. 2007

-economy-startup-50cc72f2e37b Cormier and Magnan (2007) Berthelot, Coulmont, and Serret (2012) Kaspereit and Lopatta (2014) De Klerk, De Villiers, and Staden (2015) Ratanacharoenchai et al. (2017) Naimy et

price (Biais et al., 1999; Cao et al., 2000; Davies, 2003). • Call auctions at the pre-opening represent the market's collective view and contribute to the price discovery process (Amihud & Mendelson

overhang” reduces investment levels by 1-2% for each percent increase in leverage ratios (Hennessy et al., 2007). 3 https://go.microsoft.com/fwlink/?linkid=2006808&clcid=0x409 SEC Classification : ใชภ้ายใน

c t a t i o n s T h e o r y ( M u t h , 1 9 6 1 ) E c o n o m i c V a l u e A d d e d Disclos ure E a r n i n g s P e r s i s t e n c e + Ha et al. (2020) + Meliyanti and Hendriyenni (2019) - Teoh et

% เกษตร+อุตฯอำหำร 80 % S ET 50 20 % sm al l c ap เทคโนโลยี อสังฯ+ ก่อสร้ำง ทรัพยำกร ธุรกิจกำรเงิน กำรจ่ำยค่ำตอบแทนและผลประโยชน์ให้กรรมกำรกองทุน (ถ้ำม)ี (ตัวอย่าง) (เอกสารแนบ 5)

Conclusions Behavioral Explanation Table 2: Behavioral Variables Variable Representation Related Literature Volatility Index (VIX) Investor sentiment Delong et al. (1990), Shleifer and Vishny (1997), Baker and