proxies. In this spirit, this study considers CSR to be a latent variable measured by environmental (E), social (S), and governance (G) pillars. To overcome limitations of a single-equation regression, this
confirmation statement of a customer: (1) name or the derivatives account number of the customer; (2) transaction date; (3) contract specifications including contract type, type of underlying asset or variable
approval of the Cabinet, excluding currencies. “variable” means any exchange rate, interest rate, financial index, securities index or any other variables as specified in the notification of the SEC with the
operations are subject to unstable economic, financial and market conditions and increased expenses due to inflation, or higher interest rates. If the Group holds fixed income investments, changes in interest
and Stambaugh (2003): Page 15/40 Literature Review (Cont’) 6. Liu’s measure or turnover adjusted number of zero daily volumes : 7. Index of Liquidity : Page 16/40 Variable and Model Development Tobin Q
from intensively focusing on income from Government Projects. In the past, the Company experienced unstable cash flow and liquidity problems from delayed projects and unexpected budget allocation of
addition, the Company has adjusted strategic and operational objectives from intensively focusing on income from Government Projects. In the past, the Company experienced unstable cash flow and liquidity