alphas, ranging between -0.33% to -0.29% per month, while top tercile stocks have small positive alphas of around 0.06% per month.12 Further investigation by fund horizon reveals that the top tercile

., 2009). Their evidence indicates that there are valuation premiums for firms surpassing three benchmarks. Several studies suggest that incremental positive effects on prices or returns, also known as

Research Hypotheses •𝐻1: Cryptocurrency-related announcements are associated with positive stock returns. •𝐻2: Firms announcing direct investment in cryptocurrency earn higher market reaction. •𝐻3: Firms

PowerPoint Presentation President of the Government Savings Bank V I T A I R A T A N A K O R N 18 November 2022 Making POSITIVE Impact on Society 47 โค รงก า รช่ วยเหลอื สงัค ม 3.2 ล้ า น รา ยเข้ า

. • In other words, firms prefer reporting small profits to reporting losses, showing increasing earnings over previous periods’ earnings, and announcing positive earnings surprises relative to analysts

represent our collective pathway out of the COVID-19 pandemic. Every day, more and more businesses are looking for straightforward ways to operate more sustainably and make a positive contribution to the SDGs

fact that GWM only recently operates and only able to distribute hemodialysis solution during mid-year 2017 where most of the cost came from plant construction. This year shows small deficit which is

Profit in Q4/2019 Small Power Producer (SPP) Baht 3,468 million (74%) Independent Power Producer (IPP) Baht 1,141 million (24%) Very Small Power Producer (VSPP) and others Baht 73 million (2%) 4,682

principles. ⊷ The sample of this study includes not only large multinational firms but also small and medium firms that bring to the forefront a greater variety of firms being investigated. ⊷ The average ESG

gross profit for Small Power Producer (SPP) increased as a result of the lower natural gas and coal price, following the world crude oil price. In addition, the maintenance cost fell as there were no