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Author

Chainarong Kaewmuangmoon

2 papers indexed here

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Open access Sep 2026

Benchmark-Sensitive Cryptocurrency Diversification: Evidence from Thai REIT Portfolios

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 · 0 citations
Open access Sep 2026

Are Green Bonds Associated with Shareholder Value? Market Reaction and Firm-Valuation Evidence from Thailand

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 · 0 citations

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