Comments on: “Trading costs on the Stock Exchange of Thailand” Authors: Charoenwong C., Ding D.K., Jenwittayaroje N. Comments on: “Risk-taking behaviour during downturn: evidence of loss-chasing and

Investor Return – Mind the Gap ©2015 Morningstar, Inc. All rights reserved. Kittikun Tanaratpattanakit Investor Return – Mind the Gap Agenda 2 gBackground g The Real Test is Whether Investors Succeed

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to listed companies with outstanding performance in investor relations activities organised by the Stock Exchange of Thailand (SET) and Money & Banking Magazine. MACO is one of the companies that

(2011). We hope to find that volatility of stock exchanges draw in a gambling type investor and low volatility forces these same gamblers back into casinos. Barber and Odean (2000) found overconfidence

combined market capitalization of the Stock Exchange of Thailand and the Market for Alternative Investment was 14.24 trillion baht, up 21.97 percent from 2013. The average daily trading volume of 45,466

พิจารณาความความเหมาะสมของสดัส่วนค่าตอบแทนทีเ่ป็นเงนิเดอืน ผลการดาเนนิ งานระยะสั้น เช่น โบนัส และผลการดาเนินงานระยะยาว เช่น Employee Stock Ownership Plan (2) การกาหนดนโยบายเก่ียวกับการจ่ายค่าตอบแทน ควรคานึง

encourage active co-operation between companies and employees.  Securities regulators, stock exchanges, self-regulatory organisations and investor groups should continue to educate companies and the public

70% Modern Investor 238 10% Investment types Investor Types Total Cash Holder Old-Fashioned Modern Investor 1. Bank Deposit 95.02 26.94 22.88 39.91 2. GSB Lottery 0.15 7.48 6.54 5.94 3. Stock 0.10 4.29

allocated to each investment type e.g. cash deposit, stock market, real estate, gold, TFEX, and T-bond) as clustering variables. Three investor clusters are uncovered, namely, cash holders, old-fashioned