all but two states from SEC to state jurisdiction • Key contribution: The extant literature documents dynamics of bad behavior, but there has been no focus on external governance. • Regulatory

procure raw materials independently, while also independently selling and distributing their corresponding PTA and PET. The plant is the largest in North America with state of art technology and is a

investment type as follows: 1. Bank Deposit 2. GSB/BAAC Lottery 3. Common Stock 4. Real Estates 5. Precious Metal 6. Personal Share 7. Insurance Policy 8. Cooperatives 9. Government Bond 10. State Enterprise

Customer Service Representative Outsourced million, increased by THB increased both from new customers Enterprise sector. 2.4 Revenue from Maintenance Service 18.8 million or 45.2% Government and State

Thailand; (3) an international financial institution; (4) a juristic person established under a specific law; (5) a government agency and a State enterprise under the law on budgetary procedure; (6) the

(65%) 0.49 (35%) Equity Fixed income Unit trust Operator %total UT  PIMCO Lombard Odier State Street Global Advisors JPMorgan Asset Management BlackRock 11% 8% 8% 7% 7% Total 41% 84% 14% 1% Gov. Bond 1

%) 0.74 (58%) 0.52 (41%) Equity Fixed income Unit trust Operator %total UT  PIMCO Lombard Odier JPMorgan Asset Management BlackRock State Street Global Advisors 11% 7% 7% 7% 7% Total 40% 89% 9% Gov. Bond 1

%) 1.03 (63%) 0.59 (36%) Equity Fixed income Unit trust Operator %total UT  PIMCO JPMorgan Asset Management Lombard Odier BlackRock State Street Global Advisors 12% 7% 7% 7% 7% Total 40% 81% 15% 3% Gov

(56%) 0.54 (43%) Equity Fixed income Unit trust Operator %total UT  PIMCO Lombard Odier JPMorgan Asset Management BlackRock State Street Global Advisors 11% 7% 7% 7% 6% Total 39% 90% 8% Gov. Bond 1

(53%) 0.55 (46%) Equity Fixed income Unit trust Operator %total UT  PIMCO Lombard Odier JPMorgan Asset Management BlackRock State Street Global Advisors 11% 7% 7% 7% 6% Total 38% 90% 8% Deposit FI Debt