earnings and firm value (e.g. Lev and Thiagarajan, 1993; Abarbanell and Bushee, 1997; Tomy, 2012; Yao, 2014). • If fundamental information is manifested in earnings persistence or reflects earnings growth
fundamental information. Fundamentally-stronger firms tend to have larger earnings response coefficients reflecting higher persistence of earnings. Furthermore, they find some evidence that firms with higher
a larger proportion. Also, administrative expenses have increased by ฿ 68.52 million or 35.43%. Therefore, the company’s total operating results for the year 2019 was ฿ 38.14 million in annual loss
larger proportion. Therefore, the company’s total operating results for the six-month period which ended on June 30, 2019 have profited as of ฿ 0.99 million while loss for the same six-month period last
decreased by a larger proportion. Therefore, the company’s total operating results for the nine-month period which ended on September 30, 2019 have profited as of ฿ 5.80 million while loss for the same nine
proposition that buy trades are more informative than sell trades. However, for very large trades, it appears that, regardless of market conditions, the permanent price impact of buys is always larger than the
Duty as Professional ________________ Clause 1345 A securities company licensed to undertake the securities brokerage business shall do fundamental analysis report and provide such information to client
Duty as Professional ________________ Clause 1345 A securities company licensed to undertake the securities brokerage business shall do fundamental analysis report and provide such information to client
be bought or sold in the event of major trading news. For the same reason, companies with larger free floats are generally less volatile which is preferable to the institutional investors. In the
additional clarity to others. While some of the Principles may be more appropriate for larger than for smaller companies, it is suggested that policymakers may wish to raise awareness of good corporate