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Sirawut Thatkawin. The impact of industry effects towards the relationship between net operating assets and future stock returns. Master's Degree(Accounting). Thammasat University. Thammasat University Library. : Thammasat University, 2021.
The impact of industry effects towards the relationship between net operating assets and future stock returns
Name: Sirawut Thatkawin
keyword:
Industry returns
Abstract:
I study the impact of industry upon the relationship between Net Operating Assets (NOA) and future stock returns as previous literature often argued that NOA tends to have a negative relationship with a firm's future performance and its stock price. I argue that NOAs components coming from industry and firm are both responsible for investors misperception over the implication of NOA and future stock returns, which they tend to overvalue stocks with high NOA while undervalue stocks with low NOA. From 445 Thai listed firms from 2014-2019, the result suggests that industry-common NOA has a negative relationship with future stock price while firm-specific NOA has a positive relationship with future stock returns
Thammasat University. Thammasat University Library
Address:
BANGKOK
Email:
preserv@tu.ac.th
Name: Somchai Supattarakul
Role:
advisor
Created:
2021
Modified:
2023-03-28
Issued:
2023-03-28
วิทยานิพนธ์/Thesis
application/pdf
eng
DegreeName: Master of Accounting
Level: Master's Degree
Descipline: Accounting
Grantor: Thammasat University
©copyrights Thammasat University
RightsAccess:
ใช้เวลา
0.038614 วินาที
Sirawut Thatkawin
| Title | Contributor | Type |
|---|---|---|
| The impact of industry effects towards the relationship between net operating assets and future stock returns
มหาวิทยาลัยธรรมศาสตร์ Sirawut Thatkawin | Somchai Supattarakul | วิทยานิพนธ์/Thesis |
Somchai Supattarakul