The case presents a scenario where two economic interns are trying to provide an economic outlook for Khao Yai Winery management post-ASEAN. Specifically the interns are interested in how the tax on imported wines (tariff) and the income, own-price, and cross-price elasticity impact the local...

This study presents a new method for calculating beta through a back-solving process, which assumes the Capital Asset Pricing Model (CAPM) to be absolute. This process has improved asset pricing abilities and allows for the discovery of the “one-true” market returns. The market portfolio...

This paper tests five macroeconomic variables that have been both theorized to affect stock returns and been proven to in past empirical research. Those variables are risk premium, industrial production, term structure, expected inflation, and unexpected inflation. The variables are retested for...

The most popular method of calculating asset prices is the capital asset pricing model (CAPM). What is the appropriate amount of years to use in the estimation and which variation of the capital asset pricing beta provides the best results? This research looks at the out of sample forecasting...

As the Association of Southeast Asian Nations (ASEAN) becomes an emerging market, US investors will want to know how their favorite method of calculating asset pricing fits into this new undeveloped market. Also, as the ASEAN becomes more internationalized, managers within will look for ways in...

The study adds an empirical outlook on the predicting power of using data from the future to predict future returns. The crux of the traditional Capital Asset Pricing Model (CAPM) methodology is using historical data in the calculation of the beta coefficient. This study instead uses a battery...

Synopsis: The military general is the newly appointed prime minister of Thailand as of May 2014. The country is developing and needs support from its government in making it more efficient. The former prime minister was ousted, after less than three years in office, under the assumption that...

An empirical study comprised of six emerging market portfolios and five industry replicating portfolios from the USA using data from 2005 to 2014. The purpose of this study is to test the ability of the ex-ante beta against the ex-post beta using six different generalized autoregressive...

This paper examines Thailand’s wine industry and tariffs on wine and any intermediate inputs. This is achieved using firm-level data in computing the effective protection rate on wine within Thailand. Findings on the effective rate for the domestic wine industry are greater than the nominal...