Now showing items 1-13 of 13

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    BEHAVIORAL APPROACH TO PORTFOLIO SELECTION 

    Kumnoon Narakornpijit; Pariyada Sukcharoensin (NIDA, 8/9/19)

    Behavior plays an important role in people’s decision making, for example, different decision making can occur during happy and unhappy time. Behavioral factors also affect the decision making in the investment that cause unreasonable decision making in many investment situations. Many behavioral theories have been developed to explain human’s behavior, which some of them are also applied to the investment. This research focuses on studying the portfolio investment in Thailand by two of the well-known theories for portfolio selection, which are ...
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    COMPETITION AND THE BANK LENDING CHANNEL: EVIDENCE FROM BANK – LEVEL DATA IN THAILAND 

    Jakkrich Jearviriyaboonya; Yuthana Sethapramote (NIDA, 8/11/19)

    This paper attempts to assess the degree of competition in Thailand’s banking system, and examine the evolutionary effect of bank regulations. Furthermore, this paper investigates how a change in competition can affect the monetary policy on bank lending channel in Thailand. This study employs panel data from ten commercial banks over quarterly time periods from 2001–2015. The competition variable is measured using the Lerner index. Bank regulations can be divided into four groups: (i) restrictions on banking activities, (ii) limitations on foreign ...
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    DELAY OF GRATIFICATION AND BUSINESS PERFORMANCE IN LEAST DEVELOPED COUNTRIES: EVIDENCE FROM LAO PDR  

    Dalivone Xayavongsa; Piriya Pholphirul (NIDA, 6/28/19)

    Does delay of gratification affect the probability of engaging in self-employment and does it contribute to their business performance? This article aims to quantify impacts of delay of gratification on engaging in self-employment and business performance. Using Lao PDR as representative of least-developed countries, We analyze nationally representative survey data from the Lao-STEP Skills Measurement Household Survey, we estimate binary Probit and Logit model to quantify impacts of delay of gratification on probability of self-employment. And, ...
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    The Development Guideline on Service Competencies of Low Cost Airline Ground Staffs : A Case Study of Phuket International Airport 

    Kittiphich Noothong; Paithoon Monpanthong (NIDA, 3/27/19)

    The objectives of this research were 1) to study the confidence of passengers affecting the service quality of low cost airline ground staffs, 2) to evaluate the competencies for service capabilities of low cost airline ground staffs, 3) to be a guideline for developing the capacity of low cost airline ground staffs. The sample used in the research was 400 Thai passengers who received services from low cost airline ground staffs at phuket international airport which was a quantitative research. The statistics used in data analysis were frequency, ...
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    ESSAYS ON CREDIT RISK MEASUREMENT 

    Pornpong Sakdapat; Yuthana Sethapramote (NIDA, 8/11/19)

    This dissertation investigates the applications of the Merton KMV model with the conditional volatility (GARCH) to measure credit risk in Thailand. The thesis consists of three essays. First essays calculate the distance to defaults during Mar 2010 to Apr 2018 with various methods and check the validity of the data to provide warning indicator of the default in the 461 listed companies. Result show that Both Merton KMV and conditional volatility GARCH distance to default move with the same direction while conditional volatility GARCH distance to ...
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    ESTIMATING ECONOMIC VALUE OF FOREST ECOSYSTEM SERVICES: A META-ANALYSIS 

    Tiparpa Ratisurakarn; Adis Israngkura (NIDA, 9/27/19)

    Forests have significant functions for the global ecosystem. Despite its immense contribution to our wellbeing, deforestation is continuing to be one of the world’s biggest problem leading to degradation of environmental and human welfare. In developing countries, there has been ongoing controversy in balancing economic development on the one hand and the need to conserve forests on the other. A key to balancing development and conservation is an accurate estimation of the economic value of forests and use it in decision making.  In this regard, ...
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    HUMAN CAPITAL, INEQUALITY AND ECONOMIC GROWTH IN THAILAND 

    Md. Nasir Uddin; Saran Sarntisart (NIDA, 9/13/19)

    This dissertation contains three papers concentrating on human capital, inequality and economic growth in Thailand. All three papers use the Labor Force Survey (LFS), conducted by National Statistical Office (NSO) in Thailand. First paper (Chapter two of this dissertation) aims to find intergenerational rate of transmission of human capital. As one of the major limitations of finding intergenerational rate of transmission is endogeneity problem, this paper contributes by proposing an alternative instrument to find rate of transmission of human ...
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    REGIME-SWITCHING HOUSING PRICE CYCLE IN CHINA 

    Xiaoman Lu; Yuthana Sethapramote (NIDA, 4/2/19)

    This paper aims to examine the house price cycle at the province level of China using the three-regime Markov-switching model. Our findings indicate that, in Xinjiang, Chongqing and Jiangsu, there was no secular slowdown in growth since the rapid-growth regime re-emerged at some stage. While during economic downturn and rapid economic growth, house prices fall and grow fastest, respectively, in the central region. However, during normal growth regime, house prices increase fastest in the eastern provinces. These findings indicate regional ...
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    THE RELATIONSHIP BETWEEN FINANCIAL AGGLOMERATION AND ECONOMIC DEVELOPMENT: THE CASE OF THE FIVE PROVINCES IN NORTHWEST CHINA 

    Xiao Xi; Saran Sarntisart (NIDA, 10/1/19)

    Finance is the general hub of modern market economy operation and plays a non-substitutable important position in economic progress. The fact of financial agglomeration in promoting the economy has been confirmed in the southeastern coastal areas of China, but for the inland areas of the northwest, there is still little research for this "new topic", this field of research is still waiting for people to explore. This paper firstly combs the relevant theories of financial agglomeration. On this basis, the five provinces that constitute the ...
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    The Spillover Effects of Global Economic Policy Uncertainty (GEPU) on Emerging Equity Markets: Evidence from Thailand 

    Asma Mora; Yuthana Sethapramote (NIDA, 8/9/19)

              This paper examines the spillover effects of Global Economic Policy Uncertainty (GEPU) index and other global risk factors, i.e. CBOE Volatility Index (VIX index), oil prices and gold prices, on the Stock Exchange of Thailand (SET). The empirical results show that both GEPU and VIX indices has significant impacts on the returns of stock market in Thailand before 2010. After 2010, the effects of GEPU on the stock return are not statistically significant. However, the VIX index still significantly affect on the return and volatility of ...
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    A STUDY ON CONSUMERS WILLINGNESS TO PAY FOR ORGANIC RICE PRODUCTS  

    Paopan Yangkunchao; Udomsak Seenprachawong (NIDA, 10/1/19)

    This study aims to evaluate the health and environmental benefits of organic rice products using the environmental economics valuation technique. By introducing the double bounded contingent valuation method and the utility difference model to elicit willingness to pay of organic rice consumers and to investigate the socioeconomic determinants of the willingness to pay from 620 samples, of Bangkok and Metropolis consumers. the study surveyed by using online and face to face survey approach and also divided into two categories in accordance with ...
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    TIME-VARYING RELATION BETWEEN CORPORATE GOVERNANCE AND EXPECTED STOCK RETURN 

    Yosuke Kakinuma; Kridsda Nimmanunta (NIDA, 7/23/19)

    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 ...
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    Tourism Multiplier and Income Distribution: Empirical Evidences from Hotel-Level Data in Thailand 

    Sukrawan Sevatapukka; Piriya Pholphirul (NIDA, 5/27/19)

    Tourism industry is an important role in the economy and income of Thailand. It creates jobs and linked to other industries especially the hotel industry. In addition, the hotel industry is also rely on retail and wholesale businesses. This’s why the hotel industry more profitable and employable than other residential housing. Therefore, this research tries to explain the impact of tourism on the income distribution through the hotel industry. This study was conducted by the tourism multiplier and the factors affecting the effect of income were ...