The Stock Exchange of Thailand (SET)’s Capital Market Research Institute (CMRI) and 16 leading educational institutions have signed a memorandum of understanding (MOU) on the “2014 Capital Market Research Sponsorship” project, which has been going on for four years. This initiative, aimed at supporting graduate and doctorate students to create research studies that will further develop Thailand’s capital market. The bourse also held a ceremony to award the “Outstanding Capital Market Research 2013”.
SET President Charamporn Jotikasthira said that research studies have always been vital for the quality development of education and the country as a whole. In addition, they will benefit the expansion of businesses amid today’s ever-changing and highly competitive environment. This is similar to the capital market with strong competition as new services and products are constantly introduced to investors and related parties. Practical researches play important roles in enhancing Thai capital market’s development and potential, capable of competing on the international arena. As such, SET has continued to provide full support for the endeavors by graduate and doctorate students, for four consecutive years now. The MOU between SET and 16 leading educational institutions marks the significance of initiating more quality research projects for Thailand’s capital market.
In 2013, the research entitled “Effectiveness of Cash Balance Measures for Securities with Irregular Trading” by Siraphop Paphatthananan, a graduate from the Faculty of Development Economics, NIDA, won the “Outstanding Award”. The “Best Award” went to the research entitled “Systemic Risk Analysis of East Asian Stock Markets” by Aphichat Wisitkitchakan from the Faculty of Economics, Chulalongkorn University (CU), while the “Consolation Award” on “An analysis of short sale and speed of price adjustment: evidence from the Stock Exchange of Thailand” was given to Kawin Weerawatsunthorn from the Faculty of Commerce and Accountancy, CU. As for achievements by doctorate students, there are no recipients for the 2013 “Outstanding Award” and “Best Award”. The “Consolation Award” for this category on “The Effect of Corporate Governance on Earnings Management in Thai Market” was given to Nopphon Tangjitprom from the Faculty of Business Administration, NIDA. In addition, the “Capital Market Entrepreneur's Choice Award” was granted to the research on “Selection of Investment Strategies in Thai Stock Market” by Thanachai Bunsaisup from Sasin Graduate Institute of Business Administration, CU.
“SET congratulates all award recipients and applicants who have participated in the project on their determination to come up with the best work to benefit the Thai capital market. We appreciate all participating educational institutions and capital market professionals for all their advice, opinions and suggestions leading towards valuable outcome of the research projects,” Charamporn added.
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For the “2014 Capital Market Research Sponsorship” project, CMRI will provide research grants and advice for participants through the Clinic for Capital Market Research. At this clinic, reputable and experienced capital market professionals from securities companies, listed companies, asset management companies and SET will provide suggestions and insights on the actual business world to researchers and academics. Through this arrangement, participants will get to know professionals – an opportunity for them to pave way for their future entrance into the capital market. To be eligible for funding, each institution must submit and present two research projects. In order to motivate participants to produce the best quality of work, the “Outstanding Capital Market Research 2014” will be selected by distinguished judges who are entrepreneurs and professionals from the capital market.
The 16 participating educational institutions are the Faculty of Business Management, Kasetsart University (KU); Faculty of Agro-Industry, KU; Faculty of Management Sciences, Kasetsart University Sriracha Campus; Faculty of Commerce and Accountancy, CU; Faculty of Economics, CU; Faculty of Business Administration, Chiang Mai University (CMU) ; Faculty of Economics, CMU; Faculty of Commerce and Accountancy, Thammasat University (TU); Faculty of Economics, TU; Faculty of Business Administration, NIDA; Faculty of Development Economics, NIDA; Faculty of Business, Economics and Communications, Naresuan University; College of Innovation Management, Rajamangala University of Technology Rattanakosin; College of Management, Mahidol University; University of the Thai Chamber of Commerce; and Assumption University.