Browsing by Subject "The Journal of Risk Management and Insurance"
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ItemAgricultural commodity futures and stock market: evidence from RSS3 Futures in Thailand(Assumption University Press, 2017) Yaowaluk Techarongrojwong ; Pathathai Sinliamthong ; Rattana WaranyasathitThis study aims to examine the role of RSS3 Futures as the hedge for stock market in Thailand. The data is collected from May 28, 2004 until December 31, 2015, which includes totally 2,833 trading days. The results show that there is no relationship between RSS3 Futures and the stock market implying that RSS3 Futures can be the hedge for stock market in general. However, RSS3 Futures is not the candidate for safe haven of stock market because it shows no hedge property during the period of extremely negative stock returns. The result implies investors in Thailand, especially stock investors, should consider adding RSS3 Futures in their optimal portfolio because it clearly shows that RSS3 Futures can help in diversifying the risk, especially during the periods of stock market downturn.
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ItemAsean insurers' skill development challenge(Assumption University, 2000) Lawrence, Brian ; Assumption University. Martin de Tours School of Management and Economics
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ItemAspects of reinsurance in Thailand(Assumption University, 2008) Lawrence, Brian ; Assumption University. Martin de Tours School of Management and Economics
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ItemChanging perspectives of risk(Assumption University, 2004) Nicholls, Philip ; Assumption University. Martin de Tours School of Management and Economics
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ItemCompulsory motor insurance in Thailand(Assumption University, 2004) Lawrence, Brian ; Assumption University. Martin de Tours School of Management and Economics
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ItemThe effect of relationship quality on cross-buying intention in bancassurance channel: a study on bank customers in ThailandThere are limited studies of relationship marketing in Business-to-Consumer, especially in a bancassurance context, although this theory has been previously used in the marketing studies in the past. Thus, this study employed relationship marketing theory and related constructs to explain the success of bancassurance in Thailand. About 700 questionnaires were distributed but only 443 completed sets of questionnaires were qualified for SEM analysis after data cleaning process. Among the antecedents of relationship quality, only relational bonds were found to have a direct and positive relationship with the cross-buying intention. Other variables, such as source credibility and brand image, were found to have indirect effect on cross-buying intention through relationship quality. The results of this study contribute theoretically in the area of relationship marketing and relationship quality. Relationship marketing theory was proven to be a dynamic theory and still plays an important role in the twenty-first century, especially in the services sector area. Moreover, relationship quality between the bank and its customers helps explain the success of the cross-buying intention of bank customers in the Business-to Consumer context.
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ItemThe effectiveness of confirming indicators: a case study of Stocks in ThailandThis paper developed a model that tested trading signals (including double and triple indicators) on the security traded in the Stock Exchange of Thailand (SET). One indicator from each of the six groups of technical indicators, including MACD, Parabolic SAR (PSAR), RSI, Twiggs Money Flow, Volume Oscillator, and Bollinger Bands, were tested in order to determine whether their use could generate excess returns for investors. PSAR was the most profitable indicator as it alone or when used in combined with other indicators could generate excess returns. The findings showed that the AND function could be use to combine trading signals but with proper interpretation of inputs. Findings also showed that combined indicators increase abnormal profits above individual indicators. A combined indicators model had the best performance in terms of End of Period Wealth and the least downside risk which was measured by Maximum Drawdown. The significance of this research is that it identifies confirming indicators that can be used effectively to generate excess profits, although the findings do have some limitations which is discussed in this paper however further study on similar concept is highly recommended.
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ItemFactors affecting the assurance of savings in the cooperatives from the perspective of member: a case study of Assumption University savings & credit coperative limited (AUSCC)(Assumption University Press, 2019) Annop Peungchuer ; Amara Tirasriwat ; Mathew, Asha ; Naruemol TridechapolThe purpose of this study was to examine factors affecting savings in AUSCC, focusing on factors affecting the confidence or assuranceof savings,needs assessment for confidence, andguidelines to enhance the level of confidence ofmembers.Factor analysis, priority need index, and analysis of variance for testing the differencesofAUSCC members’ qualifications towardsthe assurance of savings in AUSCCwere utilized.Thefindings revealed that thedifference in position and salary of AUSCC members has resulted in the different perception towards the competency and experience of management team that affected their confidence ofsavings at a significant level of 0.05.Furthermore, the need assessment analysis found that the factorsforenhancing the confidencelevel of savingsin AUSCC are: ability of management to communicate clearly at meetings; ability to investigate and audit cheating and fraud; knowledge of laws, regulations, and criteria of contract knowledge;strict, independent and fair decisions made by the board members; and good governance and internal control.
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ItemFactors influencing on intention to use self-service parcel delivery service : an empirical case study of metropolitan and greater Bangkok areaThe retail sales of global e-commercearecontinuously growing,and e-commerce has gained a huge sharefromphysical retail over the last decadebecause of the impact of better internet access and technology development. All these makeonline shopping easier and more convenient. However, e-commerce businesses face many problems especiallythe risk of delayeddelivery that is the delivery process that delays the arrival of parcels for the customers. This delay called “Last Mile Problem” has negativeeffects onthe onlineshopping of customers”. Delivery service providers have developed the Self-service Parcel Delivery Serviceto solve the lastmile problem. Self-service parcel delivery Service is popularamong online customers in many countries around the world. Thai delivery service providers have introduced this service for Thai online customers. This research aims to determine thefactors that have influence on intention to use Self-service Parcel Delivery Service in Thailand.This research used the non-probabilitysampling where the respondents wereselected by convenience sampling technique, judgement sampling technique, snowball sampling technique and quota sampling technique.Multiple Linear Regression was used to investigate the impact, relationship, and difference between dependentandindependent variables. In addition, Independent Sample T-Testwasemployed to distinguish the mean differencebetweenintention to use Self-service Parcel Delivery Service among people who live in Bangkok -metropolitan and non -metropolitan. The results from 400 respondents showed that location convenience is the mostinfluential factortoward intention to used Self-service Parcel Delivery Service and that there is no significant mean difference in the intention to use Self-service Parcel Delivery Service among people who live in Bangkok-metropolitanand Non-Bangkok metropolitan.This study offersvaluable theoretical and managerial implications fordelivery service providerstoconcentrateon their marketing strategies and services customization for target customer groups.
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ItemFactors influencing overindebtedness: a logistic regression analysis of consumers in BangkokOverindebtedness is a source of default risk facing by commercial banks and loan institutions. Although studies of factors influencing individuals’ indebtedness are prevalent, less of previous studies had examined financial factors distinguishing mild-debtors from overindebted individuals. The present study aims at identifying and empirically testing the financial factors (i.e. financial literacy, experiences in using financial services, and money management) which distinguish mild-debtors from overindebted individuals. Questionnaires were distributed to 440 respondents who are at working age in Bangkok area. Logistic regression analysis was employed in order to identify critical factors distinguishing milddebtors from overindebted individuals. Findings from the present study indicated that financial literacy and experience in using financial services were not significant factors that distinguished mild-debtors from overindebted individuals. Money management, i.e. credit management and saving management were found to be the most significant factors distinguishing mild-debtors from overindebted individuals. Results from the present study provide implications for financial institutions to reduce adverse selection problems. Since credit management is the most critical factors influencing overindebtedness beyond other factors, records of previous credit usages and payment behaviors of individuals must be seriously take into account when determining credit approval. To reduce insolvency risk, credit rating must be used as the first priority when financial institutions approving loans. In addition, results from the present study also provide implications for policy makers to reduce personal debt problem. Since financial literacy in term of numeric calculation is not a significant factors affecting overindebtedness, financial education that emphasizes mathematic and numeric calculation may not sufficient to reduce overindebtedness problem, training on how to manage individuals’ budget, saving, and using credit carefully must be emphasized to reduce financial problems.
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ItemA few thoughts on catastrophe losses(Assumption University, 1998) Subramaniam, V. Anatha ; Assumption University. Martin de Tours School of Management and Economics
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ItemThe Halloween effect and other seasonal anomalies in the energy sector of the stock exchange of Thailand(Assumption University Press, 2018) Ploy Tang-u-thaisuk ; Witsaroot Pariyaprasert ; Ekkachai BoonchuaymettaThis research aims to explore the existence of three well - known seasonal anomalies – the January Effect, the April Effect, and the Halloween Eff ect – as pertains to monthly returns as well as to volatility. Effects on returns and volatility will further be studied within the SET Energy index as well as 9 selected energy stocks from the period April 2005 to July 2016. The objective of this study is to find seasonality hidden within the above Index and stocks, and establish a simple trading strategy to benefit investors. As in preceding studies, our methodology uses the dummy regression technique and the EGARCH model is employed to investigate the impact of these seasonal anomalies on the volatility of returns. The result found that Halloween Effect and the January Effect have a statistically negligible effect on returns within the smaller SET Energy Index. The April Effect does have statistical s ignificance on returns within the SET Energy Index. Buying the SET Energy index before April is likely to yield positive returns at the end of the month. Investors should accumulate positions during these seasonal anomalies – in light of low volatility – a nd take profit once volatility returns to normal.
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ItemThe impact of labor migration liberalization in the ASEAN economic community: manufacturing sector in ThailandThe aim of this research is to investigate the impacts of labor migration liberalization in the ASEAN Economic Community (AEC) on the manufacturing industry of Thailand. The research was conducted because with the recent introduction of the AEC, there has been an increase in international trade between countries, including an increase in movement of labor (migration) between countries. Some industries, including manufacturing and finance, have particularly high levels of demand for skilled labor as well as a high level of intra-ASEAN FDI, indicating a high level of regional international trade. To achieve this aim, a quantitative survey of Thai workers was conducted (n = 400). The study showed that in practice, most workers were not interested in international economic migration. Factors that were associated with the intent to migrate within ASEAN for economic reasons included wages and salaries, career advancement prospects, and to a lesser extent economic conditions and political stability in Thailand. The findings also showed that the AEC was a minor (though significant) influence on intention to migrate, although it was viewed as a major reason for migration into Thailand. The implication of this study is that firms can attract and retain talent by making sure salaries and career prospects are competitive with firms in other countries.
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