trades of 71 stocks actively traded on the SET from March 2000 to June 2002. During this time, the market experienced three distinct conditions: bullish, bearish, and neutral. The study concludes that the

of positive feedback trading, buy (sell) trades are more expensive to execute (i.e., incur higher total price impact) than sell (buy) trades on bullish (bearish) markets. • “Price impact asymmetry is

our top executives including study tours and company visits so as to motivate them to work with us in the future or even look for their own business opportunities.?

? awareness and preparation of policy formulation, introduction of products and creation of public awareness.  In addition, it also proposed implementation guidelines in developing strategy to motivate people

listed companies, which need investor and stakeholder recognition and acceptance. Moreover, it will motivate other investors to see the importance of making investment in those adhering to anti-corruption

encouraged to develop the provident funds up to international standard. We motivate institutional investors, including the provident funds, to invest responsibly, considers the benefits of the community, the

, which will serve as a mechanism to motivate the auditors and audit firms to provide better quality auditing service;(3)  SEC to be empowered to set professional standards for audit firms and auditors in

financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse

FROM THE CHAIRMAN (Suchart Jaovisidha) Chairman SCE_Eng_p.1-16 10/29/04, 1:05 AM4 5 In 2003, the bullish stock market was a good reflection of Thailandûs economic recovery with strong outlook and

data • Public Sectors/Banks: Incentive to motivate/ incentivise private Sector • Private Sector: Ability to access funding sources with appropriate financial cost • Banks/Public Sector: Technical