Browsing AU Journal of Management by Subject "Stock exchanges -- Thailand"
Now showing items 1-2 of 2
(Assumption University, 2008)
The current study is aimed at examining the explanatory power of the CAPM model in Bull and Bear markets for Thailand from 2000 to 2006. Using the varying risk model suggested by Fabozzi and Francis (1977), the study evidences that the systematic risks or betas do not differ between Bull and Bear periods. The substantial forces of Bull and Bear markets have no impact on the CAPM model. The CAPM is still robust. Moreover. the study observes size effect in which small stocks are found to outper- form large ...
(Assumption University, 2006)
The objective of this paper is to find a model to predict bankruptcy of firms listed on the Stock Exchange of Thailand (SET) by using a secondary data approach. Using five ratios and applying logistic regression approach, the CAMEL model was then created. The results show the model could be used as a predictor; however, the degree of accuracy may vary with different time, situations and environments.