To break or not to break: Evidence from price discovery process of Thai stocks during the pre-opening of each trading session To break or not to break Evidence from price discovery process of Thai

facts about the types of stocks they hold and the positive relationship between past returns and the ability to attract new investment capital, which we build on in the second and third essays. The second

impressive. For illiquidity stock, the shareholder wealth of illiquidity stocks depends on the investors’ choice whether they prefer to today payment as the dividend yield or they could wait on wealth in

expectation on returns – Modern investors have highest expectation on returns – However, these are distorted probably by their fault believes. (e.g. Cash holders view stocks as having lower returns than deposit

Notifications”) is considered as the disposal of assets Type 2, the criteria that gives the highest value of transaction is equal to 27.89 %. The calculation of the size of transactions is based on consideration

of Assets Notifications”) the highest value of transaction is equal to 27.89 %. The calculation of the size of transactions is based on consideration basis. During the six months period before the

statement, Approval of the disposition of shares in subsidiary and Appointment of new director replacing resigned director To: The President, The Stocks Exchange of Thailand The Board of Directors’ Meeting of

statement, Approval of the disposition of shares in subsidiary and Appointment of new director replacing resigned director Edited To: The President, The Stocks Exchange of Thailand The Board of Directors

a new company named U-Tapao International Aviation Company Limited ("UTA") under the mutual agreement of the BBS Joint Venture Agreement, which the Company will hold 45% stocks in U-Tapao

investors choose to “gamble” on when purchasing stocks and find attention grabbing characteristics attracted buyers to a stock, Gao and Lin(2014) found that in Taiwan, investors substituted lottery tickets