Quantitative methods in accounting research A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals Sarayut Rueangsuwan Kasetsart University SEC Working Papers Forum 19th

seem outperforming the traditional cap-weighted. Source: Bloomberg, complied by Research Department of Thai SEC - 5 10 15 20 25 Fundamentals Equal Multi Factor Dividend Market Cap Price U.S. equity ETFs

A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals* Sarayut Rueangsuwan † Kasetsart University, Thailand August 2015 Abstract Prior literature on meeting or beating

expectations for the fundamentals and/or valuation of the sector* relative to the group’s historic fundamentals and/or valuation: Overweight : The analyst’s expectation for the sector’s fundamentals and/or

overview of the investment process, which may differ by product, client mandate or market conditions. *Note: The concept of “dynamic materiality” was first introduced by the World Economic Forum (WEF) in

following the policy rate increase by the US Federal Reserve, may see an economic slowdown during this quarter. Aside from their fragile economic fundamentals, these countries were vulnerable to capital

end, the market must have strong fundamentals in that transactions in the market must proceed with efficiency and fairness through intermediaries that provide quality services, and that users of the

shares, and the low quality of the companies' accounting information, the free float was added to the study to serve as a proxy for company fundamentals. Lim et. al. (2005) study the immediate price impact

. Moreover, the daily trading volume increased from 18.9 billion baht to 20.5 billion baht. These results reflected the strengths of Thailand’s economic fundamentals and investors’ confidence in the prospects

maintain its strong economic fundamentals, with a current account surplus of USD 37.3 billion, approximately 6.8 percent of GDP, and international reserves standing at 1.3 times its total foreign-currency