Low correlation alone does not establish an implementable diversification benefit. This study tests whether Bitcoin and Ethereum improved a fixed, retrospectively selected sample of 13 Thai REITs—not a point-in-time investable universe—for a Thai baht-based investor, using dependence-aware bootstrap inference (Bonferro...
Chaiyathad Phutthadet, Ausawatap Akartwipart, Chainarong Kaewmuangmoon· Journal of Risk and Financia...· 0 citations
Real Estate Investment Trusts (REITs), as highly leveraged, income-generating vehicles, are among the asset classes most structurally exposed to interest rate risk. This study examines the extent of environmental, social, and governance (ESG) disclosure—rather than underlying ESG performance—as a signal associated with...
Chaiyathad Phutthadet, Ausawatap Akartwipart· Journal of Risk and Financia...· 0 citations
Whether green-bond issuance is associated with shareholder value remains unclear in small, concentrated emerging markets, where signaling and information-asymmetry channels from developed-market studies may not operate the same way. This study examines short-term stock-market reactions and medium-term firm valuation as...
Chaiyathad Phutthadet, Ausawatap Akartwipart, Chainarong Kaewmuangmoon· International Journal of Fin...· 0 citations
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