Browsing by Subject "Stock exchanges"
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Relationship between financial and real sectors: implications for stable economic development [evidence from Thailand] (National Institute of Development Administration, 2018);
Economic real sector is essential for growth and development as its activities persuade progress of economic output. The sector generates better outcomes if it is accompanied with a healthier financial system; thus, advancement of financial sector is a means for the growth of real sector. This study reexamine the relationship between financial and real sectors of Thailand with the volatility analysis of GDP caused by development of financial market. The GARCH Model, Johansen-Juselius (1990) co-integration test, and vector error correction model ...
Stock return predictability in emerging markets (National Institute of Development Administration, 2020)
The stock return predictability still be a puzzle in the financial economics society that have not yet solved for several decades. Some of them believe that they are predictable, and that stakeholders are able to ensure opportunities to allocate their assets in advance while others disagree and believe in stock market efficiency. In spite of the fact that a number of researchers that have recognized the predictive model as fact, there are still some doubts in terms of econometric issues. Econometricians generally agree that the predictive ...
The two-period dividend policy model and its application to Shanghai and New York Stock Exchanges (National Institute of Development Administration, 2010);
The study generates optimal dividend model with incorporated framework, in which, agency, principal, and firm all participate in the achievement of general equilibrium. For protecting maximum utility and allowing wealth transferring between current and future life period, investors or say principals make financial and consumption decisions with the constraints of capital they possess. The decision of this capital investment not only determines the cash availability for firm but also implicitly change the behavior of agency say executive in the ...