Research article

**

The Factors Affecting Overseas Thai Distribution Center Requirements Ramittakorn Tunprawat Pages 1 - 15    Download PDF  Article preview Cite Abstract This research investigates the factors affecting overseas Thai distribution center requirements. The respondent groups are randomed from 2 main parameters. First, the Thai exporters from top five industries are namely, computers with accessories, cars with accessories, electronic boards, PVC compound and rubber. Secondly, the 10 markets of these five industries are namely, Singapore, Malaysia, China, India, Japan, United Arab Emirates, Saudi Arabia, United Kingdom, German and United Stated. The result of the study finds that the only one factor affecting the demand on Thai distribution center is the export value expectation in the future and service cost is the most important variable to support this decision. Then, China is the first location to establish Thai distribution center and the second place is India. This distribution center should be cooperated by Thai government and private sector including the efficiency of distribution system, shipping documents management and insurance policy that will conform to the Thai exporters?s requirements.
**

Foreign Exchange Rate Arbitrage using the Matrix Method Yarong Hao Pages 35 - 49    Download PDF  Article preview Cite Abstract This article focuses on finding arbitrage opportunities in the international foreign exchange market. The traditional methods of distinguishing arbitrage opportunity have low efficiency, and difficulties arise when we face multiple currencies. This poses a need for an efficient method of searching for a multiple-currency arbitrage path. Ma (2004) has developed a matrix method that efficiently searches for an arbitrage path in an N-currency market. Ma also derives a simple sufficient condition that will guarantee the presence of arbitrage opportunities. Ma?s work is based on the assumption that one can buy or sell each currency at zero bid-ask spread. However, the bid-ask spread represents an important component of the transaction costs, and therefore should be incorporated into the search for arbitrage path. In this article, the author modifies Ma?s matrix method to accommodate the case where the bid-ask spreads are nonzero. We then illustrate the use of the modified method, using a 65-day series of exchange rate quotes. We also observe that the sufficient condition derived in Ma?s work still holds even for the case of nonzero bid-ask spread.
**

Value impact of M&As and the listing status of target firms A survey of new evidence Manapol Ekkayokkaya Pages 50 - 72    Download PDF  Article preview Cite Abstract The much celebrated conclusion that acquisitions typically destroy shareholders? wealth was drawn from the experiences of acquisitions of targets that are listed on a stock exchange: acquirer shareholders typically breakeven at best, and often earn significant value losses, on bid announcement. However, around 80% of the M&A population in the world?s most active markets for corporate control involve targets that are unlisted companies. When analyzing acquisitions of unlisted targets, the recent studies persistently find that the acquirers earn a large and significant announcement-period abnormal return, which is in sharp contrast with the value impact of listed-target acquisitions. This body of new and consistent evidence, though emerging, calls into question the generalizability of the traditional wisdom on the decision to acquire corporate control and requires alternative explanations for the value impact of M&As. Yet, evidence on the ultimate wealth effects of acquisitions of unlisted targets is still sparse and far from conclusive. Much remains to be learned about deals involving an unlisted target.
**

Consumer Perception and Acceptance towards Traceability in Distributing Meat Products Theeratham Piemkhoontham and Guntalee Ruenrom Pages 73 - 107    Download PDF  Article preview Cite Abstract The objectives of this research are to study consumer perception, acceptance and factors affecting the traceability system for meat products in Thailand. The samples are collected from 500 meat consumers in Bangkok. The results found that the consumer perception of traceability system was related to the frequency of buying meat products from supermarkets. Furthermore, consumers think that traceability system can help them to make buying decision of meat safer and consumers should buy meats that have traceability system rather than without the system. Results from this research can help entrepreneurs to make decision on implementing traceability system for increasing quality and safety in meat product consumption in Thailand.
**

Determinants of Green Product Purchase Intentions: the Roles of Environmental Consciousness and Product Attributes Nuttapol Assarut and Patnaree Srisuphaolarn Pages 108 - 122    Download PDF  Article preview Cite Abstract Many preceding studies on green purchasing behavior have focused on the relationship between environmental consciousness and purchase intentions, but the findings are inconsistent. This study, by including perceived product attributes into the analysis, examines the influence of environmental consciousness and perceived attributes of green products on attitudes toward green products and purchase intentions. The results show that the degree of individuals? environmental consciousness has no direct effect on purchase intentions, but indirectly influences purchase intentions via perceived product attributes and attitudes toward green products. It is the perceived product attributes that have a direct effect on green buying intentions, and also has an indirect effect via attitudes toward the products. The findings suggest that those selling green products need to pay greater attention to the overall product attributes and communicate these to their target audience rather than focusing only on building an environmentally friendly image of the products and companies.