DSpace Collection:http://cmuir.cmu.ac.th/jspui/handle/6653943832/736842024-03-29T05:02:38Z2024-03-29T05:02:38ZPotential of blockchain technology on the real estate sectorSupharoek Siriphenhttp://cmuir.cmu.ac.th/jspui/handle/6653943832/794272024-02-28T07:44:19Z2023-12-01T00:00:00ZTitle: Potential of blockchain technology on the real estate sector
Authors: Supharoek Siriphen
Abstract: This research illustrates the transformative potential of blockchain technology in the real estate sector, particularly considering challenges stemming from the widespread outbreak of COVID-19. After the crisis-induced stagnation in the real estate industry, blockchain has emerged as a notable solution, enhancing transparency, eliminating traditional investment intermediaries, and introducing digital tokens as a novel fundraising mechanism for real estate. While some projects have found success and others continue to evolve, they may encounter obstacles and need to navigate new developmental paths. It's hypothesized that online social platforms offer invaluable insights that can help tailor projects to align with the preferences of investors and the broader public. This is particularly evident when focusing on positive sentiment, analyzed using Python-based tools. This study examines sentiments from 'Reddit', a renowned social media platform, utilizing post-COVID-19 data and emphasizing blockchain-powered real estate investments. Furthermore, the research delves into the pivotal role of digital tokens in revolutionizing real estate financing, elucidating how token creation introduces innovative methods for fundraising in real estate and the challenges associated with tokens. In essence, this research seeks to shed light on the challenges and opportunities inherent in merging blockchain technology with the real estate sector. This study stands as a vital reference, shaping the direction of future projects and endeavors within the real estate realm.2023-12-01T00:00:00ZComparison between capital market in Thailand and digital asset marketsKanyawut Ariyahttp://cmuir.cmu.ac.th/jspui/handle/6653943832/787092023-08-26T06:37:34Z2023-04-01T00:00:00ZTitle: Comparison between capital market in Thailand and digital asset markets
Authors: Kanyawut Ariya
Abstract: This thesis aims to compare the capital market in Thailand with the emerging digital asset markets. The study provides a comprehensive analysis of the two markets, including their regulatory frameworks, market size, liquidity, trading volume, and investment opportunities. The research finds that while the capital market in Thailand is highly regulated, with a well-established legal framework, the digital asset market operates in a relatively less regulated environment. The capital market has a larger market size and trading volume, with a more diverse range of investment products, while the digital asset market is still in its early stage of development, with limited investment products. The study analyzes the daily data of popular assets in Thailand such as gold, oil, the SET50 index, THB/USD exchange rate, and various cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, DASH, Stellar, BNB, and DOGE. To determine the correlations between these assets, a matrix approach is used with the Pearson correlation coefficient, and the shortest route between assets is determined with the help of a minimal spanning tree model and random matrix theory. The study also shows that both markets have their strengths and weaknesses. While the capital market provides stable and reliable investment opportunities, the digital asset market offers higher returns but comes with higher risks. Moreover, the liquidity of the two markets is also different, with the capital market having higher liquidity due to the involvement of institutional investors. The study also suggests that including alternatives to the SET50 and DOGE in an investment portfolio during the coronavirus period may offer opportunities for risk diversification.2023-04-01T00:00:00ZNetwork analysis of relationship in hobbies interest among 50 countries and the changes from COVID-19Yada Thampraserthttp://cmuir.cmu.ac.th/jspui/handle/6653943832/787082023-08-26T06:33:49Z2023-04-01T00:00:00ZTitle: Network analysis of relationship in hobbies interest among 50 countries and the changes from COVID-19
Authors: Yada Thamprasert
Abstract: While the uncertainty from COVID-19 persists throughout the globe, the impact it triggered is not only limited to physical health issues. The pandemic forced people to adapt in many aspects. People’s behaviours and perceptions has shifted throughout the pandemic. Though, inhabitants of distinct culture perceive and react to things differently. There are findings that the COVID-19 pandemic has an effect on individuals and society perception. Furthermore, the COVID-19 pandemic strongly influences cultural orientation. Leisure activity, which is one of many approaches to express cultures, is a focus of this research. The research is intended to spot global connection patterns in hobby interest and learn how the patterns has changed by the occurrence of pre and post COVID-19 with network graphs visualization. In the last decade, Google Trends has been proven to be a promising tool in behavioural science studies. It allows researchers to draw summarized time-series data from the sample size of global Google users for free. One of its tools accumulates different search queries that belong to the same topic in different synonyms and languages as a topic which is essentially useful. This research has collected scaled data of ten selected hobbies, in fifty top internet user (2020) countries from January 1st, 2018 thru April 30st, 2022 with Google Trends topics. This work marks the period before March 11th,2020 as pre-pandemic and the period from this date as post-pandemic according to the World Health Organization’s announcement. This paper then calculate correlation matrices and visualize with network graphs. The analysis shows significant adjustments in global relationship patterns affected by the pandemic in most search topics.2023-04-01T00:00:00ZImpact of ESG ratings on information efficiency in capital market for chinese-listed companiesWan, Guochaohttp://cmuir.cmu.ac.th/jspui/handle/6653943832/787072023-08-26T06:15:42Z2023-05-01T00:00:00ZTitle: Impact of ESG ratings on information efficiency in capital market for chinese-listed companies
Authors: Wan, Guochao
Abstract: The relationship between Environmental, Social, and Governance (ESG) ratings and information efficiency in capital markets is a topic of discussion, especially with China's carbon peak and carbon neutrality goals and its capital market opening. After defining information efficiency as Northbound Capital Shareholding Preferences (NCSP), stock mispricing, and stock price crash risk, this study examines the impact of ESG ratings on information efficiency for Chinese listed companies by establishing variables of information asymmetry, Technical Achievement Index (TAI), and dynamic capabilities to investigate the mediating and moderated mediation effects. This study also investigates the impact of the COVID-19 pandemic, accounting conservatism, and property rights on information efficiency and ESG ratings for Chinese publicly traded companies.
The study is the first to combine these factors into a framework to analyze how ESG ratings impact information efficiency in the Chinese capital market for listed companies. Entropy Weight Method (EWM) for calculating TAI, Minimum Bayes Factor (MBF) for robustness testing by using data from 2010 to 2021 as the study sample and drawing the appropriate findings. Results show that investors view ESG ratings favorably: 1) With higher ESG ratings being correlated with higher NCSP 2) The association between ESG ratings and information asymmetry is strengthened by TAI 3) Dynamic capabilities play a moderating role in the relationship between ESG ratings and information asymmetry 4) Higher ESG ratings are associated with lower levels of stock mispricing and a lower risk of a stock price crash 5) The influence of ESG ratings on the stock crash risk is moderated by information asymmetry.
According to the extensible study, the nature of various property rights, the COVID-19 period, and accounting conservatism all have different implications. This study has implications for stakeholders, including publicly traded companies, governmental agencies, and investors. It also identifies trends in ESG rating research, including research on motivations and economic impact, ESG disclosures and ratings, and a refocusing of ESG rating research direction. These trends have important implications for understanding and improving ESG ratings, which are increasingly important for measuring the sustainability and social responsibility of organizations.2023-05-01T00:00:00Z