TY  - BOOK
AU  - 
AU  - Sorasart Sukcharoensin and Pariyada Sukcharoensin
ED  - 
ED  - 
ED  - DLSU Business & Economic Review. 27:2 (January 2018). pp.51-60
ED  - 
SN  - 2
PY  - 0000///46
CY  - 
PB  - 
KW  - 
KW  - 2
KW  - 0
KW  - 6
KW  - 20
KW  - CORPORATE GOVERNANCE;OWNERSHIP STRUCTURE
KW  - ASEAN-5
KW  - sears;STOCK MARKET0
N1  - Abstract:    This paper explores the relationship between ownership structure and the skewness in the stock return distribution among ASEAN-5 equity markets, including Indonesia, Malaysia, the Philippines, Singapore, and Thailand during 2007-2015. This study adds to the existing literatures that ownership structure can explain skewness of the stock returns. The empirical results reveal that stock returns in ASEAN-5 markets present asymmetric distribution. Further, by employing firm-level data, the results show that ownership structure, cumulative daily stock returns, firm size, and market-to-book ratio significantly affect future skewness of the stock returns; 5
ER  -