Our evidence supports Pratoomsuwan (2017)’s finding that the Big 4 has great market power in Thailand. However, we add to evidence that each Big 4 somewhat differentiates itself from each other to

stock, importance to local communities or high biodiversity value. The HCSA distinguishes high carbon stock forests from degraded lands that may be developed. High Conservation Value: Biological

manner where the reader is able to benchmark such performance against the Industry. Underlying EBITDA differentiates from Core EBITDA as - it normalizes price volatility based on sales order books rather

Ratio - The Sortino ratio [1991] differentiates between good and bad volatility, which is not the case with the Sharpe ratio, the first few weeks of January 2016 reveals the importance in distinguishing

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 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 empirically provides rational explanations for this phenomenon by investigating whether the increment...

, billion USD Supranational North America Latin America Europe Asia-Pacific Africa 6 adjusting it to their specific capabilities. It also employs a so-called traffic light system that distinguishes between