Browsing by Author "Kridsda Nimmanunta"

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    IN THE RACE FOR SUSTAINABILITY AND FINANCIAL EXCELLENCE: ADVANCING FIRMS' INVESTMENT IN KNOWLEDGE ASSETS AND INNOVATIONS  

    Muhammad Azhar Khalil; Muhammad Azhar Khalil; Kridsda Nimmanunta; กฤษฎา นิมมานันทน์; National Institute of Development Administration. School of Business Administration; Kridsda Nimmanunta; กฤษฎา นิมมานันทน์ (National Institute of Development Administration, 3/6/2022)

    This dissertation focuses on the firms’ investment management decisions regarding knowledge assets (intangible assets), innovation, sustainable investments, and other knowledge management practices through which firms generate both financial benefits and improved environmental outcomes. The previous title of this dissertation was ‘In the race for excellence: the role of knowledge assets and innovation’ (as appeared in the IRB document). The overall agenda is classified and decomposed into three major interrelated sections in an attempt to achieve ...
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    Time-varying relation between corporate governance and expected stock return 

    Kakinuma, Yosuke; Kridsda Nimmanunta (National Institute of Development Administration, 2018)

    This paper provides the following three novel findings to the literature. First, the effects of the corporate governance ratings on stock returns are inconstant, non-liner, and time-varying over the long-run. Second, by taking advantage of the time-varying characteristics of expected returns from the quality of corporate governance, an optimal investment strategy with adaptation of Markov switching model is developed. Third, incorporation of style switching strategy with value premium in recessions and momentum premium in expansions improves ...