performance drives earnings persistence. His findings are consistent with firms with more persistent earnings are fundamentally stronger. Yao (2014) also documents that certain fundamentals – namely the
, dealers and underwriters whose licenses are limited to investment units (LBDU operators). Under the proposed revision, IA, and LBDU operators will have to comply with the capital requirements variable to
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
ขายหลักทรัพย์ การค้าหลักทรัพย์ และการจัดจำหน่ายหลักทรัพย์ที่เป็นหน่วยลงทุน (LBDU) โดยให้การดำรงเงินกองทุนอยู่ในรูปแบบผันแปร (variable capital) ตามรายได้หรือค่าใช้จ่ายของการประกอบธุรกิจ เพื่อให้สะท้อน
, excluding currencies. “variable” means any exchange rate, interest rate, financial index https://www.sec.or.th/TH/Documents/ActandRoyalEnactment/Act/translate-deri.doc (Translation) arising from or related to
with the approval of the Cabinet, excluding currencies. “variable” means any exchange rate, interest rate, financial index https://www.sec.or.th/TH/Documents/ActandRoyalEnactment/Act/translate-deri.doc
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