-regulation and the costs from unintended consequences of policy action. 8 REFORM PRIORITIES IN ASIA: TAKING CORPORATE GOVERNANCE TO A HIGHER LEVEL © OECD 2011 underpinned by a stock-taking exercise of progress
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
(raw material), COGs/revenue ratio of Q1/2019 are at high level. This is because of high stock level carried over Q4/2018. Increase in cost of sales of are main impact to minus in bottom line. 3 / 4
if reducing stock market volatility is the goal. Several country 4 level characteristics will be investigated to determine what kind of individual are most likely to substitute gaming for equity
baht/kg, an increase from the previous year at 10.00 baht/kg, mainly due to the decline in the CPO stock from the level of 400,000 tons into the level of lower than 200,000 tons caused by exporting CPO
returns by taking on more market risk deliver less risk- adjusted returns on average. This result echoes the stock-level finding by Saengchote (2017) that Thai stocks with high betas tend to have low alphas
previous year owing to the low CPO stock level (nationwide) of 133,079 tons as of March 2021 caused by less output production in the harvest season. ▪ Edible Oil’s Quantity sold in the 1st quarter of 2021
’ measures; the subsidy to crude palm oil and crude palm kernel oil export which led to the domestic crude palm oil stock level of 200,000 tons in 2020, causing the price of crude palm oil to rise, with the
by 1.5% YoY due to Kyat currency depreciation (at constant FX, total Myanmar sales would have been +6.8%). Laos grew 7.5% YoY while Cambodia performance was dragged by high stock level with the
Development (Cont’) • The optimal debt level leads to the higher stock price. The LEV variable defines as the ratio of total debt to total asset. The expectation on its relationship with TOBINQ is positive as