Risk Assessment Tool ● Temperature changes, and extremes in temperature ● Extreme precipitation and flooding ● Drought ● Sea level rise and storm surge ● Strong winds How these affect the asset or site

companies: because of low interest rates. • Large financial Institutions / banks: may increase risk to compensate for low interest rates. • Telecoms: high competition and change; a lot of intangible assets

% • [High-Risk Group] One standard deviation increase in realized loss would increase risk-taking by 2.98% SEC Classification : ใชภ้ายใน (Internal) Results – Bull vs. Bear Markets 19 SEC Classification

last year, while gross profit margin was slightly strengthened from 6.83% in 1H/2016 to 7.89% in 1H/2017. Other income in 1H/2017 amounted to Baht 741.35 million, a surge by Baht 375.49 million or 102.63

, Thailand. Tel. 02-634-0225 Fax 02-634-0135 www.interpharma.co.th 2. Costs of sales and gross profit Costs of sales were Baht 117 .60 million in the first nine months of 2019, a surge of Baht 32 .42 million

when marginal benefit of the capital investment equals its marginal cost. Myers & Majluf (1984); Fazzari et al. (1988) AGENCY FRAMEWORK Market frictions, e.g. informational asymmetry, cause moral hazard

Thai market. Buy Sell Low momentum High momentum Based on last month return (2) If high returns attract fund flow, then funds may be tempted to increase risk to compete. Equity Mutual Funds

2023 Agenda 2 • Motivation & Research Questions • Data • Methodology & Result • Key Takeaways The surge in sustainable investing and the dematerialized world trends has strengthened, drawing increased

related corporate tax transaction, the normalized net profit would be approximately THB 97.42 million or a surge of 48% yoy. Page 3 of 4 Statement of Financial Position as of March 31, 2019 The consolidated

March 2018 increased by 19% yoy mainly from the surge of provisions for employee benefit and other liabilities. Most of the increase of other liabilities was income tax payable on 2017 profit because