volatility, after losses, results in ex-post good outcomes? Unclear why the difference in individuals’ risk-aversion level should have an impact on the empirical results of realization effect? Compare with
& Imperatore, 2014) Managers’ risk preference (Sutton, 1988) Meet or beat the expectations of financial analysts (Zang, 2012; Matsumoto, 2002) Stock –financed acquisitions (Cohen & Zarowin, 2010) Political
earnings benchmarks extensively documents that market rewards firms reporting a string of consecutively earnings increases. To date, it is still unclear what an earnings string really means. This paper
Mutual Funds - Ratanabanchuen & Saengchote © Four Stylized Facts about Open-Ended Equity Mutual Funds in Thailand 1. Most funds do not beat the market, whether it is raw or risk-adjusted returns. 2. Most
firms 6. Audit risks related to developments in the audit firms and profession Big data / data analytics • Impact that “big data” will really have to the audit remains unclear to regulators and the firms
ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an
and up 47% for LTM 2Q17 Core EPS up 30% in 2Q17 and up 83% for LTM 2Q17 Management is also pleased to note that 3Q17 is on track to beat year-on-year (YoY) and sequentially (QoQ) in favorable market
fund managers have negative selectivity and timing abilities. 10 Around one-third of Thai equity trigger funds beat the market. 11 -30% -20% -10% 0% 10% 20% 30% 0 6 12 18 24 30 36 Continuing (N = 66
price; and fluctuations of currency exchange rates, as the company has export sales the main proportional. The unclear Brexit is also one factor that affected orders from the customer in England. 1.2
speculating in the stock markets. Anderson (2008) find strong links between the characteristics between frequent traders and problem gamblers in Sweden. It is unclear if this effect is only present in Taiwan