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

with our counterparts within these companies, which leads to more opportunities to discuss the At T. Rowe Price, engagement, proxy voting activities and assessment of a broad range of investment

principles for governments to follow in developing their regulatory frameworks, recognising the importance of supervisory, regulatory and enforcement authorities in ensuring effective implementation. Broad

business – are likely to see higher growth, bolstered by an expected broad-based economic rebound, which will be seen in both public and private investment. On top of this, the debt quality problem may ease

relevant authorities (resolution regimes), along with providing a broad range of resolution powers to resolve financial institutions’ crisis timely, especially amid the global interlinkage across financial

, protectionist measures of core economies, bullish interest rates and impacts of digital disruption, may adversely affect income and operating costs of certain businesses. Under these circumstances, KBank put in

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