the global market. 03 Quality Assurance Review Panel 01 02 04 05 03 06 01 02 03 06 04 05 The responsibilities of the Quality Assurance Review Panel (QARP) include providing opinions and recommendations
fundamentals, earnings persistence, and future earnings (e.g. Lev and Thiagarajan, 1993). More specifically, when investors observe a pattern of increasing earnings, they can infer that a firm has stronger
stakeholders within the ecosystem, from the beginning to the completion of financial reporting activities. The stakeholders include the preparers, the audit committees and auditors, among others. In so doing
in accordance with the direction and the strategic plan of the SEC. rd nd st Quality Assurance Review Panel The responsibilities of the Quality Assurance Review Panel (QARP) include providing opinions
- Promote and support small and medium enterprises (SMEs) The SEC has policies to support SMEs in gaining access to sources of funds in a reasonable and sustainable way. The supporting plans for SMEs include
, we use the Carhart (1997) 4-factor adaptation of the Fama and French (1993) 3-factor model that includes the momentum (returns persistence) factor.4 For each stock in the sample, we estimate its beta
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
. Such power and duty shall include: (1) the issuance of rules, regulations, notifications, orders, directives or stipulations under this Act; (2) the determination of application fees, license fees
. 10240 Email: pariyada.s@nida.ac.th Vol.7 No.2/2013 Persistence of Equity Mutual Fund Performance in Thailand Sorasart Sukcharoensin* and Pariyada Sukcharoensin** Abstract This study investigates the
Persistence of Performance http://www.sec.or.th Empirical Paper Methodology Evidence Sharpe (1966) Spearman rank correlation Yes Jensen (1968) Jensen’s alpha No Grinblatt&Titman (1989,1992) Jensen’s alpha Yes