For more than five years, the Stock Exchange of Thailand’s Capital Market Research Institute (CMRI) has granted graduate-level research fund to the educational institutions to promote the Capital Market Research; and the outstanding research papers have been selected and awarded.    Since the year 2012, “Best Research Award” has been granted to three Ph.D. graduates from Martin de Tours School of Management and Economics.  In this year, Dr.Suchaya Siamwalla received the best award on her research entitled “Risk and return in the equity mutual fund industry: An unorthodox relationship and its application to new investment strategies” under the supervision of Asst. Prof. Dr. Nopphon Tangjitprom.