• The effect of democracy on the mutual fund recovery, Evidence from emerging countries 

  Supisara Songdecha (Chulalongkorn University, 2022)

  This research examines how democracy affects mutual fund performance and recovery in emerging countries: Brazil, Chile, China, India, Mexico, South Africa, and Thailand. Data from 2010 to 2021 is analyzed, focusing on ...
• The influence of ESG performance on the cost of debt: evidence from Asia Pacific Countries: the moderating role of economic policy uncertainty 

  Wiraya Nillaorsrisakul (Chulalongkorn University, 2023)

  This paper examines the influence of ESG performance on the cost of debt (CoD) in Asia-Pacific firms from 2010 to 2022. It is among the first to explore how ESG performance scores affect the cost of debt against different ...
• The effect of bank liquidity creation on performance and stock returns: Evidence from Thailand 

  Wanlaya Boonsongkhoh (Chulalongkorn University, 2023)

  This study investigates the relationship between bank liquidity creation, performance, and stock returns across 11 banks in Thailand from 2012 to 2021, spanning the economic crisis in Thailand and the COVID-19 pandemic. ...
• Does ESG performance impact financial distress risk? evidence from Asia-Pacific markets 

  Methee Srikranjanapert (Chulalongkorn University, 2023)

  This research investigates the relationship between Environmental, Social, and Governance (ESG) performance, represented by ESG scores, and Probability of Financial Distress Risk (FDR), as proxied by Ohlson O-Score, for ...
• How flash manufacturing PMI is affecting the U.S. stock market. An empirical study 

  Thurein Htet Myat (Chulalongkorn University, 2022)

  This paper presents a comprehensive analysis of the relationship between the US Flash Manufacturing PMI news releases, returns, and volatilities of Russell 1000 and 2000 indexes. Using an autoregressive (AR) and generalized ...
• Exploring the link between ESG Scores and downside risks of stock returns during periods of negative shock : evidence in APAC 

  Nattakij Summakarawa (Chulalongkorn University, 2023)

  This study investigates the empirical association between Environmental, Social, and Governance (ESG) factors and downside risks in stock returns during negative shocks focusing on 13 countries within the Asia-Pacific ...
• Utilizing asymmetric shock on volatility and asymmetric beta for enhanced investment strategies in the Stock Exchange of Thailand 

  Nuttapol Sirinakorn (Chulalongkorn University, 2023)

  This study investigates the impacts of asymmetric shock on volatility and beta within the Thai stock exchange. It finds that portfolios composed of stocks that demonstrate lower sensitivity to negative shocks and heightened ...
• Does ESG matter In corporate takeover? 

  Sann Wai Lhyan (Chulalongkorn University, 2023)

  As Environmental, Social, and Governance scores (ESG) are increasingly becoming aware to the public, it is imperative to understand the impact of ESG on firm values, especially in the Asia-Pacific region, as it is home to ...
• Investor type effect to volatility-volume relationship: SET50 index futures 

  Jirayu Nakviroj (Chulalongkorn University, 2023)

  This study delves into the complex interplay between various types of traders and the resulting effects on the volatility-volume relationship in Thailand's SET50 Index Futures market. It categorizes traders into institutional, ...
• The effect of goodwill impairment avoidance on future performance growth: Evidence from Thailand 

  Chantanit Limapichat (Chulalongkorn University, 2023)

  This study explores the impact of goodwill impairment avoidance on the future financial performance growth of firms listed on the Stock Exchanges of Thailand (SET). Spanning 14 years from 2008 to 2021, the research analyzes ...
• Impact of environmental policy announcements on investment performance of equity mutual funds 

  Kaung Htet (Chulalongkorn University, 2022)

  Previous research has shown that stock prices will also respond to environmental policy announcements because of the impact on firms' value. As equity mutual funds are primarily invested in stocks, this study aims to examine ...
• A study of potential factor investing strategy from ESG score and intangible capital in Thailand 

  Issaraphorn Voratavornviwat (Chulalongkorn University, 2022)

  The independent study aimed to examine the relationship between Environmental, Social, and Governance (ESG) scores and Intangible Capital Ratio (ICR) and their implications for buy-and-hold returns (BHR) and stock performance ...
• Effect of joining Paris Agreement to Green Bond Premium in US Market 

  Onjira Sukijjakamin (Chulalongkorn University, 2022)

  The paper investigates whether green bonds are priced at a premium compared to conventional bonds by analyzing the yield spread between green bonds and comparable conventional bonds (where a negative yield spread indicates ...
• Information asymmetry transmissions between futures and spot markets : evidence from Thailand 

  Supichaya Pattanapanitchai (Chulalongkorn University, 2023)

  This research investigates the existence of a lead-lag relationship in information asymmetry between Thailand's futures and spot markets. We use the volatility of order imbalance (VOIB) as an indicator of this asymmetry, ...
• The effect of capital ratio on risk, efficiency and profitability of insurance companies: evidence from Singapore and Thailand 

  Supanuch Limvisitsakul (Chulalongkorn University, 2022)

  This research study examines the importance of capital ratios in assessing the financial health of insurance companies in the context of Singapore and Thailand. The primary objective is to investigate the extent to which ...
• How influential are FinFluencers? granger causality between finance influencers and price movements in cryptocurrency and stock markets 

  Sita Kedvarin (Chulalongkorn University, 2022)

  This research investigates the influence of finance influencers on stock and cryptocurrency returns by analyzing the relationship between their asset-related YouTube videos and market movements. The study was conducted in ...
• The role of bank capital through monetary policy transmission mechanism 

  Waraluk Rosmontee (Chulalongkorn University, 2022)

  This study examines the role of bank capital in the transmission of monetary policy, considering the bank lending channel (BLC) and financial development. Analyzing bank-level data from nine countries during 2007-2021 with ...
• The credit risk-return puzzle and the value premium puzzle in Thailand 

  Pimnara Ratanasaeng (Chulalongkorn University, 2023)

  The objective of this study is to examine the presence of two puzzles in the stock market which are empirically inconsistent with the fundamental principle of risk and return. Theoretically, the assets with higher risk ...
• The effect of earning surprise on market reaction at various free float levels: an event study in Thailand 

  Netchanok Thongplod (Chulalongkorn University, 2023)

  This study investigates the complex relationship between free float and market reactions to earnings surprises within the context of the Thai stock market, casting light on the role of free float in influencing market ...
• Fund characteristics immunity to COVID-19 pandemic: evidence from Thailand 

  Primporn Thanomsakul (Chulalongkorn University, 2022)

  This research investigates the relationship between COVID-19 growth rates and the performance of Thai equity funds during the pandemic. Focusing on weeks with substantial increases in COVID-19 cases, we hypothesize that ...

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