A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals* Sarayut Rueangsuwan † Kasetsart University, Thailand August 2015 Abstract Prior literature on meeting or beating

introduce several variables intended to control for the firm’s specific characteristics and other macroeconomic shocks and uncertainty. ❑ Following prior literature on political risk and firm value, we

increased .In addition the Social security revenue of subsidiaries decreased because of the uncertainty of the payment system of Social security office. 2. Cost of hospital operations & Administrative

retain employees, consumers, B2B customers, and investors • Strengthen stakeholder relations • Drive innovation • Secure social license to operate • Keep pace with – and anticipate future – policy

Quantitative methods in accounting research A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals Sarayut Rueangsuwan Kasetsart University SEC Working Papers Forum 19th

management override of control. Research design : Tones of KAMs 363 different words in KAMs sections are categorized into five-word categorizations: uncertainty, litigious, negative, positive, and neutral

and opinions made in the Framework are forward-looking statements. Phrases such as “aim”, “plan”, “intend”, “should”, “anticipate”, “well-placed”, “believe”, “estimate”, “expect”, “target”, “consider

increased degree of uncertainty in global economies and trade policies, businesses may have to contend with Thai Baht volatility and rising interest rate trends. Acting upon our strategy of strengthening

such as rights and duties of each shareholder and details of management and administration of the company by the board of directors and the shareholders. In this regard, the Company anticipate that the

project and negotiation of the terms of the shareholders agreement. In this regard, the Company anticipate that the foregoing conditions and the Transaction will be completed by December 2017. Please be