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    An empirical investigation of voluntary accounting changes : the case of Thailand 

    Sasivimol Meeampol, 1968-; Angkarat Priebjrivat, advisor (National Institute of Development Administration, 1997)

    This study empirically examined the association between accounting changes and stock prices of companies listed on the Stock Exchange of Thailand (SET) during 1990-1994 period. In addition, the study attempted to explain the motivation of firms making voluntary accounting changes. It empirically compared the risks of firms with voluntary accounting changes to the risks of firms without voluntary accounting changes during the pre- and post-announcement periods. Also, of firms with voluntary accounting changes, the risks during the pre-announcement ...
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    Red flags on financial failure : the case of Thai corporations 

    Jinda Khunthong, 1951-; Aekkachai Nittayagasetwat, advisor (National Institute of Development Administration, 1997)

    This study is to identify red flags on financial failure of Thai corporations, since the collapse of many business firms, especially the financial institutions and real estate firms in 1997. Red flags are indicators for possible cause for concerned specific areas that represent potential problems; here it is limited to financial failure. Using red flags as warning signals for financial failure will efficiently help the users of the financial statements in their decision making. In addition, the study includes prediction performance and experimental ...
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    Determinants of market quality : a case of the stock exchange of Thailand 

    Pradit Withisuphakorn; Aekkachai Nittayagasetwat, advisor (National Institute of Development Administration, 1998)
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    Management and financial distress : the case of Thai listed companies 

    Surang Mainkamnurd; Ackkachai Nittayagasetwat, advisor (National Institute of Development Administration, 1999)
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    Segment reporting in practice and quality of segment information of listed companies in Thailand 

    Manatip Chankitisakul; Kanongporn Narktabtee, advisor (National Institute of Development Administration, 2006)
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    Fixed asset revaluation : management motivation and value relevance 

    Pisek Chainirun; Kanogporn Narktabtee, advisor (National Institute of Development Administration, 2006)
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    Informativeness of earnings and board characteristics : evidences from Thailand 

    Parinda Maneeroj; Angkarat Priebjrivat, advisor (National Institute of Development Administration, 2006)
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    The performance effects of transparency and disclosure, and board of directors : the case of set100 Thailand 

    Suchada Jiamsagul; Angkarat Priebjrivat, advisor (National Institute of Development Administration, 2007)
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    The effect of accounting standards versus institutional features on value relevance of accounting information : European Union setting 

    Suntaree Patpanichchot; Pornchai Chunhachinda, advisor (National Institute of Development Administration, 2009)
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    The role of involvement on performance evaluation using balanced scorecard 

    Lisa Sawatyanont; Wannee Taechoyotin, advisor (National Institute of Development Administration, 2009)
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    Financial performance reporting : the effect of proposed financial statements on investors' operating performance evaluation judgments 

    Orapan Yolrabil; Somchai Supattarakul, advisor (National Institute of Development Administration, 2009)
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    CEO reputations and dividend payouts 

    Danai Likitratcharoen; Tatchawan Kanitpong, advisor (National Institute of Development Administration, 2011)

    Over the past decades, there have been numerous discussions about the influence of dividend policy and the value of firms. In many of the literature in this field, frameworks have been developed to show that dividend policy has implications for firms’ value in the imperfect and inefficient capital markets. If dividend policy has an influence on the firm’s value, then it is worth exploring the factors that have an influence on dividend policy. Past literature has found a large number of firm-specific variables as the determinants of dividend policy. ...
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    Evaluating credit scoring models 

    Vesarach Aumeboonsuke; Dryver, Arthur L, advisor (National Institute of Development Administration, 2011)

    Evaluating the credit worthiness of credit seekers is a crucial process for financial institutions simply because their existence largely depends on how such a process is conducted. Financial institutions use a variety of credit scoring methods and a variety of criteria to select the best credit scoring methods. The primary purpose of this research is to evaluate the performance of some of the existing popular credit scoring methods that are widely used by financial institutions. The credit scoring methods to be considered for comparison purpose ...
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    Long-Horizon stock returns predictability : evidence from the Stock Exchange of Thailand 

    Suthawan Prukumpai; Kamphol Panyagometh, advisor (National Institute of Development Administration, 2012)

    The primary purpose of this dissertation is to investigate the behavior of the stock returns over long horizons using the data from the Stock Exchange of Thailand. In Chapter 2, the long-run relationship between stock prices and dividends is investigated. The null hypothesis of no cointegration using both the Engle-Granger and Johansen cointegration tests cannot be rejected; however, when the structural break is addressed, the Gregory-Hansen cointegration test reports the significant evidence of the long-run relationship between stock prices and ...
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    Performance of real estate investment in capital market 

    Jiroj Buranasiri; Aekkachai Nittayagasetwat advisor (National Institute of Development Administration, 2012)

    The real estate investment is growing and become more important investment for many reasons. Institutional and individual investors demand assets with low correlation to diversify their risk and improve their investment performance. The accelerating trend of aging population in many countries demands a safer and more stable income producing investment vehicles. In practice, real estate investment could be done directly through the purchase of real properties or indirectly through the investment of real estate securities in capital market such as ...
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    Earnings management and firm value : the role of investor protection and corporate governance 

    Nopphon Tangjitprom; Kanogporn Narktabtee, advisor (National Institute of Development Administration, 2012)

    Earnings management usually refers to the efforts of firm managers or executives to manipulate the earning figures in financial reporting. In general, these activities can be perceived negatively, as they can stem from managerial opportunism. Managers can use earnings management to report earnings for their own benefit, e.g. to get advantage from their compensation plans. However, some may argue that managers can use earnings management techniques to communicate or convey certain information and to smooth the earnings to reduce volatility. ...
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    Capital structures of listed firms in ASEAN 

    Pornpen Thippayana; Aekkachai Nittayagasetwat (National Institute of Development Administration, 2014)

    The objective of this dissertation is to study the firm-, industry-, and countrylevel factors influencing the capital structures of the listed firms in ASEAN. The 3,750 samples are collected annually for 12 years from 2000 to 2011, resulting in 45,000 firm-year observations. The pooled ordinary least squared regression is used in the analysis for all combined three-level features. The leverage measures cover various proxies of capital structures. The evidence shows that firm size and tangibility are significantly and positively related to ...
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    Stock market fund flows and return volatility 

    Chollaya Chotivetthamrong; Aekkachai Nittayagasetwat (สถาบันบัณฑิตพัฒนบริหารศาสตร์, 2014)

    Market fund flows analysis is one of the topics in financial structure in part of investment decision making. Market fund flows has been known as a term of market returns and/ or volatility, as indicator of market movement. Both of them explain not only the market movement but also evaluate the market performance. As a result, the investors would know the investment techniques on the volatility of stock prices. There are several empirical studies that have studied about the returns and volatility effect to market movement since 1987 due to ...
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    Corporate governance and the linkage 

    Jannipa Ruangviset; Viput Orgsakul (National Institute of Development Administration, 2014)

    This paper provides and event study evidence on whether the announcement of the corporate governance (CG) scoring affects firms' market value in the Thai capital market. To find out the results, this paper conducts an event study and employs the 3 methodology ...