compared to same period of previous year as amounting of 331.89 Million Baht by fluctuating from increase in sale volume  Cost from services as amounting of 165.77 Million Baht (63.18 Million Baht or 27.60

approval of the Cabinet, excluding currencies. “variable” means any exchange rate, interest rate, financial index, securities index or any other variables as specified in the notification of the SEC with the

three- month period when compared to the same period of the year 2017, as a result of loss on sale of investments to reduce risk from fluctuating market value and used as working capital. 4. The financial

and Stambaugh (2003): Page 15/40 Literature Review (Cont’) 6. Liu’s measure or turnover adjusted number of zero daily volumes : 7. Index of Liquidity : Page 16/40 Variable and Model Development Tobin Q

proxies. In this spirit, this study considers CSR to be a latent variable measured by environmental (E), social (S), and governance (G) pillars. To overcome limitations of a single-equation regression, this

85.4 million mainly from variable expenses that rose along with revenues, annual salaries adjustment, and non-recurring items i.e. the pre-opening expenses of L&E Vietnam together with all registration

increase of total expenses of the company compared to the same period of last year in the amount of Baht 26.97 million or 26.69%, due to the increase of variable expenses which varies to the increase of

Baht 39.84 million or increase of 35.98% due to the increase of variable expenses which varies to the increase of gross premium written. Kindly be informed accordingly. Yours sincerely Wichai

year increased from last year 47.25 million baht or 19.62% due to the increase of variable expenses which were related to the increase of direct premium written. Kindly be informed accordingly. Yours

goods or variable specified in the contract and the price or value of such goods or variable prevailing at a given time or any interval in the future as specified in the contract; “derivatives exchange