effect of board gender diversity is significantly more pronounced when there are at least three female board members. Finally, we show that board gender diversity helps cushion the adverse impact of the
correlated to the discount rate. In addition, a number of studies show that firms conducting better CSR practices have cheaper equity financing and higher earnings growth (e.g., Ghoul and Mishra, 2011; Harjoto
fore the enteri 00 Baht ordinary share Vittayen Muttam Takerng Somsu t in Around Th iland p Public Comp e Board of Di diary of the C f sold shares (“Around th d the World, a of Baht 2,450 in the 24,500
variable while Tobin Q is exogenous variable. Table 8.3 and Table 8.4 show the outcomes of OLS analysis for equation 6.1 and 6.2. Table 8.3 Outcomes of OLS analysis on Tobin Q Tobin Q is the ratio between
others? We leave these questions for future research. 12 REFERENCES Barber, B. M., Odean, T., & Zheng, L. (2005). Out of sight, out of mind: The effects of expenses on mutual fund flows. The Journal of
, the Compa 9M/2016 MB 300.0 597.5 608.9 124.7 299.8 rter of 2017 n baht or an s were 9,04 increase ra or an increa s period of 8 percent. set and Cam diary and a er of 2017 nd other se due to the since
among investors to cause excessive trading and Kyle and Wang (1997) show why this overconfidence may persist over long periods of time. Linking these two ideas could also explain why so many studies have
flavors of active management (e.g. tactical asset allocation, security selection, etc.). Alpha and beta are at the heart of traditional performance analysis; however, as we show in this paper, they are only
incentives encourage management to show a small amount of earnings increases and a series of consistently earnings increases. Ke (2004) documents the association between executive’s equity-based compensation