cometadata/datacite-titles-descriptions-related-identifiers huggingface dataset:
DOI: 10.17876/plate/dr.4/plates/108_75634
title: Digital object identifier (DOI) for the plate 75634 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75635
title: Digital object identifier (DOI) for the plate 75635 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75636
title: Digital object identifier (DOI) for the plate 75636 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75637
title: Digital object identifier (DOI) for the plate 75637 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75638
title: Digital object identifier (DOI) for the plate 75638 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75639
title: Digital object identifier (DOI) for the plate 75639 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75640
title: Digital object identifier (DOI) for the plate 75640 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75641
title: Digital object identifier (DOI) for the plate 75641 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75642
title: Digital object identifier (DOI) for the plate 75642 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75643
title: Digital object identifier (DOI) for the plate 75643 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.517
title: Volatility trading strategies: evidence from SET50 index options

description: This study aims to determine the best model between standard deviation volatility and GARCH volatility for SET50 index options volatility trading strategies using delta-hedging for all moneyness. The study finds that delta-hedging with standard deviation volatility trading returns and GARCH volatility trading returns cannot outperform risk-free for both call and put options. After taking the transaction cost, the standard deviation volatility trading return is larger than the GARCH volatility trading return in all the moneyness periods. However, the difference in return between these two strategies is insignificant. Volatility trading strategies have a better chance of generating a positive return in in-the-money periods for call options and out-of-the-money periods for put options, excluding close to zero delta. However, the probability of gaining a positive return for both the return from GARCH and the standard deviation is comparable to gambling. The Delta Neutral strategy is not 100% risk management and is ineffective for hedging due to fluctuating delta values.
DOI: 10.17876/plate/dr.4/plates/108_75644
title: Digital object identifier (DOI) for the plate 75644 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75645
title: Digital object identifier (DOI) for the plate 75645 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.518
title: Board diversity, military connections, and their effects on initial public offering in Thailand

description: The main objective of this study is to examine whether the characteristics of board of directors impact the IPO on its first trading day, where military connections play a significant role in Thai Economy. The diversity of board members is represented by the gender, the age, the education, and military officials on board. This research utilized the data manually collected from IPO filing/prospectus of 145 firms listed on the Stock Exchange of Thailand (SET) during 2010 to 2021. The analysis of this study is dependent on various regression models. The results suggest that the board diversity has no influence over IPO initial returns, which could be supported by the critical mass theory or the magic number “three”. This study addresses how board diversity could influence the IPO pricing in emerging market such as Thailand.
DOI: 10.17876/plate/dr.4/plates/108_75646
title: Digital object identifier (DOI) for the plate 75646 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75647
title: Digital object identifier (DOI) for the plate 75647 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75648
title: Digital object identifier (DOI) for the plate 75648 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.519
title: Should the company pay dividend during the pandemic period and should investor invest in the company stock?

description: This study aimed to examine dividend announcement impact share price by using event study methodology with a market model. The samples are the top 100 public companies in Thailand’s SET100. The samples are separated into 2017–2019 as the pre-pandemic period and 2020–2021 as the pandemic period. Results suggest that COVID-19 has a positive impact on abnormal returns but it is insignificant. The average abnormal trading volume in all periods is insignificant and changes from a negative average abnormal trading volume to a positive average abnormal trading volume on the dividend announcement date. The study reveals that during the pandemic period, ROA, dividend yield, size, and debt to equity insignificantly impact cumulative abnormal return. The study also suggests that ROA, dividend yield, and size insignificantly impact cumulative abnormal volume. Debt to equity has a positive impact on cumulative abnormal volume, and it is significant.
DOI: 10.17876/plate/dr.4/plates/108_75649
title: Digital object identifier (DOI) for the plate 75649 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75650
title: Digital object identifier (DOI) for the plate 75650 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75651
title: Digital object identifier (DOI) for the plate 75651 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.520
title: Sustainability index and cost of debt: evidence from ASEAN market

description: Sustainable finance has emerged as a significant global trend, capturing increased attention as a crucial business matter and key focus for corporate management. However, the relationship between sustainability performance and the cost of debt is still debated, lacking widespread consensus. This study aimed to find the relationship between environmental, social, and governance (ESG) performance and the cost of debt in the Association of Southeast Asian Nations (ASEAN). Samples were 438 firms providing 1,586 observations from six nations (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam) from 2011 to 2020. Data was analyzed by panel analysis with fixed effect regression. Results were that ASEAN firms with higher sustainability indices had lower debt cost. In terms of the sustainability index, governance and the ESG pillars were negatively correlated to the cost of debt. These findings suggest that debtholders prioritize management team reliability and trustworthiness assessment when making lending decisions. In addition, the relationship between sustainability performance and the cost of debt was particularly emphasized for firms operating in environmentally sensitive industries.
DOI: 10.17876/plate/dr.4/plates/108_75652
title: Digital object identifier (DOI) for the plate 75652 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75653
title: Digital object identifier (DOI) for the plate 75653 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75654
title: Digital object identifier (DOI) for the plate 75654 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.521
title: Corporate governance and the dividend policy: evidence from Thailand

description: This study investigates the relationship between corporate governance rating (CGR) that provide by Thai Institute of Directors (Thai-IOD) and the dividend decision in term of the decision to pay dividend and the amount of the dividend in the SET during the period of 2008 to 2022. I use the panel logit regression with robust standard error to find the relationship between governance rating and the decision to pay dividend. My findings show that corporate governance rating has a positive and significant relationship with the decision paying dividend. I use the panel tobit regression with robust standard error and the panel OLS regression with robust standard error to find the relationship between corporate governance rating and the amount of the dividend, and the result of both methods shows the positive relationship between the corporate governance rating and the amount of dividend that use both dividend yield and dividend payout to be the dependent variable. The result of relationship between corporate governance rating and both the decision to pay dividend and the amount of the dividend support the “outcome model” by La Porta et al, (2000). Moreover, this study investigates the relationship between the corporate governance rating and firm performance by using the panel OLS regression. The result shows the positive and significant relationship between corporate governance and firm performance (ROE, ROA, Tobin’s Q). the result illustrates that firm with higher corporate governance have higher performance and generate more profit. When firm generate more profit, the corporate governance protects the shareholder right by pressure management decision to pay more dividend the reduce the agency cost.
DOI: 10.17876/plate/dr.4/plates/108_75655
title: Digital object identifier (DOI) for the plate 75655 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75656
title: Digital object identifier (DOI) for the plate 75656 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75657
title: Digital object identifier (DOI) for the plate 75657 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.522
title: The effect of us yield spreads on bank index performance in ASEAN

description: The U.S. treasury yield has a causality impact on ASEAN differently. About two-thirds of U.S. yield spread change statistics significantly affect Singapore yield spread instantaneously. The bank index performance of Singapore and Vietnam is unrelated to the U.S. yield spread during historical data covering January 2012 to January 2023. The inverse U.S. yield spread due to inflation controlling after covid-19 expansion policy does not reveal any significant impact on the ASEAN market deviate from the past in the short run.
DOI: 10.17876/plate/dr.4/plates/108_75658
title: Digital object identifier (DOI) for the plate 75658 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75659
title: Digital object identifier (DOI) for the plate 75659 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75660
title: Digital object identifier (DOI) for the plate 75660 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.523
title: Quality of financial reporting: the relationship between earnings management and corporate diversification in Thailand

description: The objective of this study is to examine the association between corporate diversification and earnings management. The findings suggest that a positive and significant relationship exists between international diversification and abnormalities in production costs and discretionary expenses. Abnormal discretionary spending and industrial diversification are found to be strongly and favorably related. Nevertheless, the results of this investigation indicate that there are no notable connections between international and industrial diversification and the manipulation of reported earnings through accrual or abnormal operating cash flow. Consequently, investors need to consider the level of diversification, particularly from the cost and expense perspectives, as a crucial factor when making investment decisions.
DOI: 10.17876/plate/dr.4/plates/108_75661
title: Digital object identifier (DOI) for the plate 75661 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75662
title: Digital object identifier (DOI) for the plate 75662 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.524
title: Do the markets still react to green bond issuance?: empirical evidence in Asia-Pacific countries

description: Using an international sample of green bond issuance from Asia Pacific countries from 2010-2022. This paper highlights the market reaction of green bond issuance. The data collection of green bonds with total of 871 green bonds, our final sample are the first green bond issuance of each firm, with the final sample is 293 green bonds. There is no significant market reaction expressed in terms of abnormal return for all samples and time horizon. Most of the CARs in the sample are negative CAR more than half of stocks in portfolio. The highest top CAR of the portfolio are the stocks from Banks, Utility, and industrial sectors. This evidence suggests that there is no favorable for shareholder regarding green bond announcement.
DOI: 10.17876/plate/dr.4/plates/108_75663
title: Digital object identifier (DOI) for the plate 75663 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75664
title: Digital object identifier (DOI) for the plate 75664 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75665
title: Digital object identifier (DOI) for the plate 75665 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.525
title: The relationship between the return of gold, oil, copper, natural gas, exchange rate, stock market, and the impact of COVID-19 pandemic in three countries

description: This paper examines the long-term relationship between the return of Gold, Oil, Copper, Natural gas, Exchange Rate, Stock Market, and the impact of COVID-19 pandemic in 3 countries (China, Thailand, and the USA) by setting three groups of variables according to countries then analyze them using the DCC MGARCH model. The empirical findings show the lack of significant impact from COVID-19 on all variables, except only the return of natural gas in all three countries at a 99% confidential level and the return of copper in the USA at a 90% confidential level. Additionally, the analysis results also illustrate that the same variable could be significantly influenced by the different sets of variables in different countries.
DOI: 10.17876/plate/dr.4/plates/108_75666
title: Digital object identifier (DOI) for the plate 75666 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75667
title: Digital object identifier (DOI) for the plate 75667 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75668
title: Digital object identifier (DOI) for the plate 75668 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.526
title: Financial and trade contagion among Russia, US, EU, and ASEAN countries: the case of Russia-Ukraine war

description: This paper aims to investigate the existence of a financial and trade contagions among the Russian, US, EU, and ASEAN markets from 1 January 2021 to 31 January 2023, which cover the Russia–Ukraine war. This study collects the daily closing prices of the sample indexes and applies the vector autoregressive (VAR) and multivariate generalized autoregressive conditional heteroskedasticity (MGARCH) models to determine the impact on the mean returns and the transmission of shock across the sample markets. Results suggest that the most appropriate model to be used is the MGARCH-CCC model that includes the returns of oil and the war crisis dummy variables in both the mean and variance equations using high-frequency data. A contagion exists because the returns of oil and the occurrence of war not only have a significant impact on the returns of the sample markets but have also significantly triggered high volatility in all sample markets. Moreover, the fluctuation in the returns of oil during the war has resulted in significant volatility in all sample capital markets.
DOI: 10.17876/plate/dr.4/plates/108_75669
title: Digital object identifier (DOI) for the plate 75669 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75670
title: Digital object identifier (DOI) for the plate 75670 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75671
title: Digital object identifier (DOI) for the plate 75671 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.527
title: Investigation of the exchange rate exposures of Thai sectors through hot money effect and foreign exchange exposure

description: This study examines the exchange rate exposure of Thai sectors by employing the stock index data of several sectors in Thailand from 2011 to 2021. Our study focuses on three main currencies used in Thailand: USD, EUR, and JPY. We consider three different data frequencies: daily, weekly, and monthly. We employ the exchange rate exposure estimation model and extend it with additional factors. In our analysis, we observe notable exchange rate exposures in various sectors, with a positive relationship to USD and a negative relationship to EUR and JPY. Even when considering the impact of hot money inflows and the ratio of international sales, we find that exchange rate exposures persist, and their magnitude increases. Additionally, we uncover that higher data frequencies correspond to more substantial exchange rate exposures. Consequently, our findings suggest that exchange rate exposure is difficult to avoid in the Thai market.
DOI: 10.17876/plate/dr.4/plates/108_75672
title: Digital object identifier (DOI) for the plate 75672 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75673
title: Digital object identifier (DOI) for the plate 75673 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75674
title: Digital object identifier (DOI) for the plate 75674 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.528
title: Factors Affecting the behavioral intention to use mobile fintech payment channel in Bangkok

description: This study explores the level of intention to use mobile banking in Bangkok and those factors that affect intention behaviour. The behavioural intention to use mobile FinTech payments is compared across customers of different age groups and education levels. Perceived ease of use, perceived usefulness, attitude, perceived behavioural control, perceived security and intention behaviour emerge as factors that significantly affect intention to use mobile banking, whereas subjective norm and perceived COVID-19 risk emerge as insignificant factors.
DOI: 10.17876/plate/dr.4/plates/108_75675
title: Digital object identifier (DOI) for the plate 75675 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75676
title: Digital object identifier (DOI) for the plate 75676 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75677
title: Digital object identifier (DOI) for the plate 75677 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.529
title: How monetary policy announcements from domestic and foreign policy makers affect the stock market in Thailand?

description: In this study, we analyze the influence of monetary policy announcements from the Bank of Thailand (BOT) and the Federal Reserve (FED) on the abnormal returns of SET50, utilizing a dataset spanning from January 1, 2015, to March 17, 2023. We find that both BOT and FED announcements have significant impact on abnormal returns during the event window periods. To gain further insights, we categorize the direction of monetary policy into four types: all monetary policy, tightening monetary policy, expansionary monetary policy, and unchanged monetary policy. Moreover, we employ an analysis of unbalanced panel data, considering macroeconomic conditions and firm characteristics, and incorporate fixed effects to account for structural changes over time within the sample.Our findings indicate that the BOT's expected interest rate exhibits a positive and statistically significant relationship with abnormal returns, while the FED's announcements exhibits a negative and statistically significant relationship. Interestingly, unexpected interest rates from BOT and FED have no impact on abnormal return. We also explore macroeconomics condition, which is the exchange rate USDTHB, the impact of exchange rate has a significant negative relationship on abnormal return. This finding implies that the appreciation of the Thai Baht (THB) against the U.S. Dollar (USD) in Thailand leads to positive abnormal returns. Additionally, we observe that firm characteristics, such as size, leverage ratio, performance, price to earnings ratio, and price to book value, can explain abnormal returns when utilizing fixed effects in the models. Furthermore, we identify an asymmetric market reaction to FED announcements based on the direction of monetary policy, though insufficient data exists for the BOT to explain this asymmetry adequately. Lastly, we conduct separate analyses for the periods before and after the Covid-19 happened outbreak to assess the strength of these relationships under different economic conditions.
DOI: 10.17876/plate/dr.4/plates/108_75678
title: Digital object identifier (DOI) for the plate 75678 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75679
title: Digital object identifier (DOI) for the plate 75679 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.530
title: Are ESG efficient firms perform better?: a study of ESG100 companies

description: Sustainable investment has already emerged as an interesting and rapidly expanding investment trend. This type of investment benefits investors because ESG-conscious stocks can help mitigate unforeseen risks for companies, such as emissions lawsuits or labor violations, which can potentially harm a company’s share price.This paper primarily focuses on studying the social responsibility of businesses and the performance of firms listed in the ESG100 from 2015 to 2021. The objective is to investigate whether corporate social responsibility (CSR) influences firm performance based on the Thaipat Institute’s ESG100 ratings. The institute’s evaluation criteria encompass three aspects: Corporate Social Responsibility (CSR), Anti-corruption (AC), and alignment with the Sustainable Development Goals (SDGs). The results show that CSR and AC have a positively significant relationship with Tobin’s q, Return on Equity (ROE), and Return on Assets (ROA), while the relationship with SDGs is ambiguous. Additionally, through the GRS test using multi-factor asset pricing models, the ESG100 portfolio outperformed expectations considering its level of risk, and the portfolio’s performance cannot be solely explained by the factor model.
DOI: 10.17876/plate/dr.4/plates/108_75680
title: Digital object identifier (DOI) for the plate 75680 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75681
title: Digital object identifier (DOI) for the plate 75681 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75682
title: Digital object identifier (DOI) for the plate 75682 in archive 108 from the APPLAUSE DR4
DOI: 10.17876/plate/dr.4/plates/108_75683
title: Digital object identifier (DOI) for the plate 75683 in archive 108 from the APPLAUSE DR4
DOI: 10.14457/tu.the.2022.531
title: Searching for asset as hedge for Thailand equity market

description: During financial crises, investors seek alternative assets to hedge against downside risk. This study aims to explore the hedging properties of Bitcoin and othertraditional selected assets in the context of the Thai equity market. The study period spans from 2018 to 2022, encompassing significant global events such as the COVID-19 pandemic, political instability, and economic crises. The findings of this study contribute to the literature on hedging assets by providing evidence on the hedging properties of JPY/THB against the Thai equity market. The results can inform investors' decision-making, providing insights into howto reduce downside risk during times of economic turbulence.
DOI: 10.17876/plate/dr.4/plates/108_75684
title: Digital object identifier (DOI) for the plate 75684 in archive 108 from the APPLAUSE DR4