market (McGuigan et. al., 2006) etc. Page 10/40 Literature Review (Cont) • Hamon, J. and Jacquillat, B. (1999) studies on the relationship between size of the company and its stock return. They find that

financial theory e.g. Capital Asset Pricing Model (CAPM) based on the efficient market (McGuigan et. al., 2006). Hamon, J. and Jacquillat, B. (1999) study on the relationship between size of the company and

weight) Fund Style Analysis Performance-based Holding-based Transaction-based For today presentation, domestic equity funds are studied in 2 areas. Active Management Style Fund Similarity Market/Index

margin in the first quarter of the year 2020 and 2019 are 28.27% and 27.08% respectively similarity. But as a result of administrative expenses, most of which are fixed expenses, the total operating for

criminal fine imposed on the violation under law on securities and exchange with similarity in nature shall apply as the basis of calculation. Consideration on the levels of severity of the violation under