. Clustered standard errors in parentheses. * p < 0.10, ** p < 0.05, *** p < 0.01 Note: 1). Fixed-Effect in terms of factor (Stock) factor (Year) and factor (Industry) Methodology Hypothesis 2: Analysis of ESG
of Clustered Data Thai investors are classified into three clusters using investment proportions (Proportions of their money allocated to each investment type) Cash Holder 444 20% Old-Fashioned 1,573
, 2006). This specification also includes year fixed effects, industry fixed effects, and clustered standard errors by firm and year. Consistent with the 24 hypothesis II, I expect 𝛿1 to be positive
introduced of a registration platform for shareholder meetings to address challenges related to the ability of shareholders to participate in meetings, which are usually clustered around the month of April
companies and include both style and year fixed effects to account for unobservable factors that could affect fund flows. Standard errors are clustered at fund level to account for potential autocorrelation
the risk from exposing investors to reputational risks beyond cashflow concerns. • Most of green bonds are issued by issuer with a greater credit rating than conventional bonds. III. Result Summary (69
keywords for their analysis by using the seed words provided by Guiso, Sapienza, and Zingalez (2015) and all other words clustered with the original seed words. A comprehensive list of all the keywords
, thus exposing the refinery to inventory loss. For Q1/2018, an inventory loss of THB 70 million. 3. BCP Trading Pte., Ltd. revenue increased of 283% from Q1/2018 due to its trading transactions expansion
operation of the Company and the subsidiaries. The selected subjects should be significant to the business operation, for example, exposing material risks to the core business or impacts on the stakeholders