& Imperatore, 2014) Managers’ risk preference (Sutton, 1988) Meet or beat the expectations of financial analysts (Zang, 2012; Matsumoto, 2002) Stock –financed acquisitions (Cohen & Zarowin, 2010) Political
Mutual Funds - Ratanabanchuen & Saengchote © Four Stylized Facts about Open-Ended Equity Mutual Funds in Thailand 1. Most funds do not beat the market, whether it is raw or risk-adjusted returns. 2. Most
ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an
and up 47% for LTM 2Q17 Core EPS up 30% in 2Q17 and up 83% for LTM 2Q17 Management is also pleased to note that 3Q17 is on track to beat year-on-year (YoY) and sequentially (QoQ) in favorable market
. Although there have been problems and obstacles during work, the Company was able to fine tune and improve the work process to be smoother and faster. The progress of work continues as planned, and the
fund managers have negative selectivity and timing abilities. 10 Around one-third of Thai equity trigger funds beat the market. 11 -30% -20% -10% 0% 10% 20% 30% 0 6 12 18 24 30 36 Continuing (N = 66
will also fine-tune products for sale to match with customer preference in each area to attract more customers to visit and shop more.
are tax-privileged, we document several interesting facts. 2 First, most open-ended equity mutual funds in Thailand do not beat the market, whether it is raw or risk-adjusted returns. Second, while 94
previous periods’ earnings, and announcing positive earnings surprises relative to analysts’ earnings expectations. 2 In particular, there are a disproportional number of firms that meet or beat three
supervise and ensure fair treatment for retail and SME customers will pose a heightened challenge to banking performance. To cope with these issues, commercial banks may have to fine-tune their strategies