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

, audits of revenue recognition based on the percentage of completion method, and assessments of the appropriateness of management’s use of going concern assumption. Our root cause analysis has revealed that

Sukhothai Thammathirat and an MBA from Prince of Songkla University. Prior to taking office as Permanent Secretary of the Ministry of Finance, he served in several key positions in both public and private

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

shareholders or top executives. It also revealed instances where some companies took advantage of unclear interpretation of accounting principles to dress up their financial statements. We cooperated with the

financial statements on cost of sales and inventories which revealed lack of efficiency and reliability of AIE internal control system. The auditor was thus unable to gather sufficient evidence for such

M.R. Pridiyathorn Devakula Governor Bank of Thailand Commission Member Mr. Somchainuk Engtrakul Permanent Secretary Ministry of Finance Commission Member Mr. Karun Kittisataporn Permanent Secretary

. (“Company”) had submitted the financial statement for the three-month period ended March 31, 2017 which revealed that the company’s statement result of operations with net profit of 41.85 million baht

of the Bank of Thailand before being appointed the Governor. Mr. Suparut Kawatkul Permanent-Secretary for Finance Mr. Suparut is an ex-officio member of the Board. He graduated with a B.Sc. (Econ) from