through appropriate sanctions that (1) prevent the offender from profiting from wrongful acts (disgorgement), (2) penalize the offender (discipline), (3) discourage misconduct, and (4) inform the public of

act. 6 Clause 14/1.2 Violation or non-compliance with the provisions which contain administrative sanction, if it is not the case where the SEC Office considers appropriate to penalize by ordering a

with stellar returns than penalize funds with poor returns (e.g. Chevalier and Ellison (1997), Huang et al. (2007), Sirri and Tufano (1998)). As fund managers tend to be rewarded by the size of their TNA

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 earnings benchmarks extensively documents that market rewards firms reporting a string of consecutively earnings increases. To date, it is still unclear what an earnings string really means. This paper empirically provides rational explanations for this phenomenon by investigating whether the increment...

linked their partners’ performance evaluation to this factor and given greater weights to measures that relate to the audit quality. Moreover, some audit firms would penalize audit partners whose work

) Supervision and inspection management company’s staffs comply with standard under (1) and; (3) Prescription of disciplinary to punish staffs who violate or fail to perform to comply with the standard under (1

supervision in securities trade of management company’s staff; (2) Supervision and inspection management company’s staffs comply with standard under (1) and; (3) Prescription of disciplinary to punish staffs

management company’s staff; (2) Supervision and inspection management company’s staffs comply with standard under (1) and; (3) Prescription of disciplinary to punish staffs who violate or fail to perform to

profession and [iv] member punishment; (10) having mechanism and measure to punish member fairly, i.e. [i] having process and procedure clearly, [ii] making an opportunity for considered person to elucidate

settled any additional regulation will not have any impact as the GR investors will return to gaming activities. Additional regulations will punish rational investors are the cost to invest will increase