Cluster 1 Cluster 2 Cluster 3 Cluster 4 Provident fundsMutual fundsInsurance 3.9 9.4 11.6 24.0 Insurance Provident funds Insurance Primary vehicle Mutual funds Retirement saving adequacy 11% 18% 28% % of

Electricity Authority 326 employees 8. Ministry of Commerce 307 employees Analysis Using Cluster Analysis for clustering Thai investor based on their behavior or Proportions of their money allocated to each

association between Thai investor cluster membership and their financial literacy. Thai investor clusters differ considerably in their financial literacy such that modern investors tend to possess financial

• 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

Habitat Pinklao- Sirindhorn Project Name Thana Cluster Project Type Semi-detached house, 3 Floors-Townhome Price 5-10 MB Number of Projects 5 Projects Project Value (Approximately) 412 MB Units per Project

which are in the process of selling which are (1) K.C. Cluster Nimitmai Project (having outstanding 200 units ) and (2) K.C. Cluster Ramintra 7 phase 1 (having outstanding 35 units). As a result, the

of Thailand Public Company Limited (AOT) reversed of accrued concession fee to Bangkok Air Catering Company Limited (BAC) and Worldwide Flight Services Bangkok Air Ground Handling Company Limited (BFS

International Airport with 5 years of concession. The subsidiary was established by the condition of Airport of Thailand PCL. (AOT)’s term of reference with registered capital of 20.0 million baht (June 2019) 2

. .............................................................................................. ชือ่กองทนุ รายชือ่ บคุคลที่ เกี่ยวข้อง ซื้อ ขาย กอง B - 12/09/2005 AOT SET50 หุน้ บมจ.การท่าฯ ... ... 56 52 56 4% กอง C - 12/09/2005 AOT SET50 หุน้ บมจ.การท่าฯ ... ... 56 52 56 10% กอง E dealer 1 15/09

of fixed effects may influence the results. I therefore add industry fixed effects. 16 Third, unlike Barth et al. (1999), I cluster standard errors by firm and year in order to mitigate the effects of