31 12,141 93% Balanced fund 1 626 16% Flexible allocation funds 90 58,719 83% 122 71,486 84% Source: SEC Average no. of stocks held = 22 Various studies found no alpha. Although some found alpha at
• A related strand of research focuses on price clusters. • Many studies have found that the stock prices tend to cluster around particular numbers (e.g. Harris (1991), Aitken et al. (1996), Brown et al
structure. Then, it has been found that the operation of the project in the same manner may result in an inability to acquire the benefits to Company and for shareholders as when the investment was previously
February 2015 in Istanbul, a draft of the revised Principles was presented and discussed at the G20/OECD Corporate Governance Forum in Istanbul on 10 April 2015 where they found broad support among
views of the Organisation or of the governments of its member countries. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the
product design and representativeness bias in performance presentation, investors might be subject to framing bias and loss aversion when interpreting the product values. http://market.sec.or.th/public
reasonable price and not be deemed as transfer with less than reasonable consideration or that prejudice the creditors: (1) book value in accordance with the accounting standards; 6 (2) value determined by the
there are a few audit firms that, due to deficiencies found during the inspections, are in the process of implementing a more effective quality control system especially on the elements of engagement
these inspections regularly communicated to ensure timely rectifications of any deficiencies found. Through such efforts, the SEC is now widely recognized as a trustworthy and effective independent audit