equities ratio Firm size ln_TA Natural logarithm of total assets Growth Rate Growth (Revenuest-Revenuest-1)/Revenuest-1 Industry INDUSF Industry fixed effect Country COUNF Country fixed effect Year YF Year

strategy, especially in energy investments. The construction of our second Japan solar farm of 10.57MW in Japan is progressing well with confirmed expected commissioning in the 3rd Quarter of 2017. The PDI

year. The major renovation at CentralWorld is progressing as planned. The major renovation at CentralWorld is progressing as planned. In 1Q18, CPN curbed its renovation work during January and February

𝑎𝑎ℎ𝑀𝑀𝑇𝑇𝑇𝑇ℎ𝑇𝑇𝑙𝑙𝑢𝑢𝑇𝑇𝑇𝑇 𝑥𝑥 100 𝑇𝑇𝑇𝑇𝑀𝑀𝑀𝑀𝑙𝑙 𝑎𝑎ℎ𝑀𝑀𝑇𝑇𝑇𝑇𝑎𝑎 • Size is the natural logarithm of total tangible asset. • Corporate governance (CG) is the score of corporate governance evaluation conducted by

by the end of 2019 as a new stopover landmark for both local and tourists. The major renovation at CentralWorld is progressing as planned and will gradually complete by 3Q18. Asset Enhancement

reach 100 billion baht (3.3 billion USD) by the end of this year. The commitment underscores our objective of progressing towards meeting the UN SDGs. The sustainability bond has been met with

Weekly Market Capitalization Free Float (FF) = Total paid - up capital - Total stocks under strategic shareholder x 100 Total shares • Size is the natural logarithm of total tangible asset. • Corporate

automated travellator, bringing forth a seamless transaction between luxury and leisure ambiences. The major renovation at CentralWorld is progressing as planned and will gradually commence full operation by

the natural logarithm of total assets at the end of fiscal year. • LEV, firm leverage, is measured as the ratio of total liabilities to total assets. • ROA, performance, is calculated by the ratio of

the Verso International School, the construction of Phase 1 was completed, and the construction of Phase 2 is progressing as planned. The school is ready to open on 17 August 2020. …………………………………. (Ms