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CMU Outstanding Research Wins 3 Awards at 1st Capital Market Research Awards

11 September 2026
Chiang Mai University Business School
On September 9, 2026, Chiang Mai University Business School (CMUBS) participated in the CMDF/CMRI Capital Market Research Symposium 2026, held at the Professor Sangvian Indaravijaya Auditorium at the Stock Exchange of Thailand. Co-organized by the Stock Exchange of Thailand and the Thai Bond Market Association in partnership with the Capital Market Development Fund (CMDF) and the Capital Market Research Institute (CMRI), the symposium served as a premier forum for exchanging capital market insights. The event featured the inaugural Capital Market Research Awards ceremony, honoring exceptional research with strong practical potential to advance Thailand's capital markets. CMUBS faculty members secured three runner-up distinctions across two categories.

In the Bond Market category, ‘How monetary conditions shape ESG pricing in the Thai corporate bond market' by Assistant Professor Dr. Danai Likitratcharoen won a runner-up award. And in the Equity Market category, two runner-up awards were awarded for: (1) ‘Not size but attributes: the relationship between board attributes and cash holdings’ by Associate Professor Dr Ravi Lonkani, Assistant Professor Dr. Khemakorn Chaiprasit, and Assistant Professor Dr. Duraya Sukkommaya and (2) ‘Gender differences and managerial earnings forecast bias: Are female executives less overconfident than male executives?’ by Associate Professor Dr. Ravi Lonkani.

This recognition underscores the faculty's research strength across vital areas of the financial sector, including fixed income, corporate governance, and executive behavior, while highlighting CMUBS’s capacity to produce research that benefits the Thai capital market.

Outstanding Staff Awards and Recognition Highlights

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