• Value portfolios are double-sorted 2×3, value-weighted portfolios based on size and value dimension • Behavioral factors are mean adjusted Motivation Explaining Value Data Results Conclusions Factor
Office immediately in case an oversea branch office was sanctioned or given an order to act or omit to act, by foreign capital market regulator or foreign authority of the country where such branch office
examined by the SEC Office. (4) report to the SEC Office immediately in case an oversea branch office was sanctioned or given an order to act or omit to act, by foreign capital market regulator or foreign
examined by the SEC Office. (4) report to the SEC Office immediately in case an oversea branch office was sanctioned or given an order to act or omit to act, by foreign capital market regulator or foreign
examined by the SEC Office. (4) report to the SEC Office immediately in case an oversea branch office was sanctioned or given an order to act or omit to act, by foreign capital market regulator or foreign
sanctioned by the court pursuant to the law governing bankruptcy provided that the business reorganization plan requires the creditors to accept newly issued shares as repayment of debt; (6) an offer for sale
lagged (even as of the reporting date) • Do not reflect latest events Source: Dimension, Dimensions of Higher Expected Return and Strategic Beta, Dec 2013 38Source: Strategic beta: a deeper look at asset
of Corporate Practices, 2022 25 https://www.globalreporting.org/news/news-center/asean-companies-get-serious-about-climate-change/ Companies mentioned these corporate climate “Governance” dimension in
Iran after the country was previously sanctioned before the US revoked the sanction of the 8 countries, thus leading to excess crude supplies in the market. In addition, the bearish US stock market
with faltering heavy sour crude export from Venezuela after the country had been sanctioned by the US. Thus lowering fuel oil exports to Singapore. Management Discussion and Analysis of Business