characteristics (Matsumoto, 2002) - Institutional ownership - Reliance on implicit claims with their stockholders - Value-relevance of earnings Natural disasters (such as hurricanes: Byard et al. 2007

are sustainably different from the underlying financial version of the agency theory. It assumes that each stakeholder is a part of implicit and explicit contracts that can contribute to a corporation

implicit in the methodology but have been clarified through notes Web pages that facilitate dissemination Research highlights on the credit implications of ESG trends and factors ESG- specific conferences or

constructed a new club house, the new development would help to reposition golf course to a competitive level and serve the customers’ needs. The Company targeted to generate higher income from green fee, golf

implicit assumption behind the expected relation between future earnings and stock price is that markets possess information about future earnings. Prior research on the price informativeness reveals that

continuously constructed warehouse/factory buildings. Revenue from rent increased from THB 17 million per quarter at the time the Company made investment to THB 50 million per quarter this year. Propsect

Myanmar. This project will be constructed in late 2020 and the commercial operation date for selling electricity to Ministry of Electricity and Energ for 30 years is scheduled in 2021. The Company is under

located in Mandalay, the Republic of the Union of Myanmar. The first 60MWp of this project will be constructed in late 2020 and the commercial operation date for selling electricity to Ministry of

funds which constructed with low active share (

Public Company Limited Page 4/5   5.2 The budget for design and construction of shopping center project is worth 200,000,000 baht which will be constructed by the beginning of the second quarter of 2019 6