impact asymmetry between buy and sell trades • Hypotheses • Data and Methodology • Empirical Findings • Conclusion Background on Price Impact Asymmetry • Empirical findings of permanent price impact

asymmetry of permanent and temporary price impact between buy trades and sell trades is determined primarily by market conditions. Specifically, contrary to the findings in previous studies, the results show

; (17) derivatives business operator under the Law on Agricultural Futures Trading; (18) international financial institution; (19) Deposit Protection Agency; (20) Stock Exchange of Thailand; (21) juristic

business operator under the Law on Derivatives; (17) derivatives business operator under the Law on Agricultural Futures Trading; (18) international financial institution; (19) Deposit Protection Agency; (20

law on concerning agricultural futures trading; (18) international financial institution; (19) Deposit Protection Agency; (20) Stock Exchange of Thailand; (21) juristic person in the category of

information in accordance with international standards and beneficial to the readers. ABOUT THIS REPORT BUILDING BRIDGES • Building opportunity for the public and businesses to easily access and make fully use

2007. Mr. Areepong Bhoocha-oom Permanent Secretary for Finance Ex-officio member of the Board He graduated with a BA in International Management from Boston University, USA, an MA in Finance from

He graduated with a BCA from Victoria University of Wellington, New Zealand and an M.A. in International Trade from Syracuse University, USA. He was Permanent Secretary for Commerce between 2001 and

rise from the end of 2011. The positive SET Index and market capitalization reflected local and international investors’ confidence in the Thai capital market as well as the robustness and attractiveness

is an ex-officio member of the Board. He is Permanent-Secretary for Commerce. He holds a B.C.A. in Economics from Victoria University of Wellington, New Zealand and an M.A. in International Economics