Business Commons^™

Life Insurance Industry In Malaysia : A Case Study Of Great Eastern Life Assurance (Malaysia) Berhad, You Siang Ku

Student Works (2000-2009)

This study focus on the background of life insurance industry and concepts or main features that are common to many aspects of the life insurance mechanism in order to helps us to solve some of our financial problems. This report is largely based on the Annual Reports of the Director General of insurance and the Annual Reports of the Great Eastern. It also takes into account additional information and numerous helpful comments supplied by the management team, company executives and insurance agents in its course. The aim of this research is to investigate several factors that affect total demand of …

Higher Education In Malaysia : Potential Opportunities For Graduates, Hock Hing Do

Student Works (2000-2009)

Education is the pivotal in the creation of knowied.ge manpower to support the new industries, economic activities, and to develop an information rich society. The government has moved to boost the development of knowledge-economy. In order to ride the crest of the LT. wave, the Ministry of Education has responded by implementing wide-ranging reforms in the education system. The rapid expansion of higher education has been fuelled by strong social demand for higher education. Malaysia higher education has been the main avenue for social mobility and social justice, and social restructuring in line with New Economic Policy. The higher education …

Time-Of-The-Month Effect In The Trading/Services Sector Of The Kuala Lumpur Stock Exchange, Say Yong Ng

Student Works (2000-2009)

Numerous studies have reported the existence of calendar anomalies in stock returns. In this study, we investigate the calendar anomalies of forty stocks of the trading/services sector in the Kuala Lumpur Stock Exchange (KLSE) over the period of 3 January 1995 to 2 November 2000. The calendar anomalies such as the pre-holiday effect, half-monthly effect, and time-of-the-month effect are examined. The parametric and nonparametric tests are used in this study for testing the existence of calendar anomalies. Nonparametric tests are resorted to when the assumption of normality is not satisfied. The results of this study indicate that there is no …

Credit-Lending Channel In The Malaysian Economy, Roza Hazli Zakaria

Student Works (2000-2009)

Credit-lending channel Is an alternative view on how the shift in monetary policy is translated into the change in loans and output. Nevertheless, this paper finds that the evidence on the existence of a distinctive credit-lending channel In the Malaysian economy is absent. Firstly, the episodes of tight monetary policy In the 1990s are Identified using the "narrative approach". Then, a preliminary analysis Is done to see the impact of tight monetary policy on banks' credit supply. It Is found that bank loans only decline In the most recent monetary tightening, September 1997 to August 1998. Next, an empirical analysis …

Macroeconomic Responses To Oil Price Changes And Volatility, Fui Kiun Soong

Student Works (2000-2009)

Petroleum is the third factor of production and is expected to remain so as Malaysia targets to achieve full industrialization in twenty years time. It is therefore, crucial to understand the impact of oil price on the macroeconomy. Thus, this paper attempts to examine the short-run dynamics of industrial production, interest rates and, stock market activity, in relation to oil price changes and oil price volatility by using the vector autoregressive (VAR) model. Volatility is modeled using the Generalised Autoregressive Conditional Heteroskedasticity (GARCH) model. Systematic shocks are introduced and the impacts of anticipated and unanticipated oil price changes are analyzed …

The Impact Of Foreign Direct Investment On Manufacturing Growth In Malaysia, Ah Hoon Lee

Student Works (2000-2009)

It is generally perceived that FDI (foreign direct investment) plays an important role in economic development especially in the industrialisation process in Malaysia. The extent of FDI's contribution to manufacturing growth remains uncertain. By using econometric models, this study attempts to analyse the impact of FDI on manufacturing output, manufacturing exports, manufacturing imports and manufacturing employment generation. The empirical results showed that the impact of FDI on manufacturing output growth is not as critical as expected. However, a positive link emerges where an increase in FDI flows will increase the output growth in the next period. The study revealed that …

The Economic Implication Of Private Higher Education In Malaysia, Yee Ting Ngoo

Student Works (2000-2009)

This study attempts to examine the economic impacts of private higher education in Malaysia. It begins with a review on the background and development of private higher education which has become one of the most important industries in the world. Chapter two reviews the literature on private higher education and its impact Chapter three deals with the evolution of the private higher education in Peninsular Malaysia from the 1960' s to the present day. This chapter contains a detailed study on the growth and development of the private higher education in Malaysia. Besides that, it also discussed about the demand …

Total Factor Productivity Growth In Malaysia (1971-1999), Jenny Yu Chin Chua

Student Works (2000-2009)

This paper contributes to the debate concerning the sources of growth of newly industrializing East Asian economies, of which Malaysia is an example. It provides an empirical analysis of total factor productivity (TFP) in Malaysia for the period of 1971- 1999. This paper finds that the TFP growth is estimated to be around 2% per annum over the last thirty year, somewhat higher than the previous estimates for four Asian Tigers but remain a small fraction of the actual GDP per worker growth. The variables found to have significant influence on TFP growth in Malaysia during 1971-1999 are related to …

The Impact Of Service Charge On The Performance Of Unit Trust Funds In Malaysia, Hwei Juin Tan

Student Works (2000-2009)

In Malaysia, Unit Trust fund investors are subjected to different types of fees and expenses. However, many investors are not aware of such fees. This study concluded that unit trust funds on average would be able to outperform the KLCI during the bear market. Nevertheless, when the front load that funds charged are taken into account, the excess return was completely eliminated and some funs even ended with under-performance. Furthermore, this study also found that the fee an investor pays as front-end load does not constitute all the investment cost as assumed by most investors. It is therefore important that …

The Business Of Part-Time Mba Programmes In Klang Valley With Special Reference To Stamford College, Choy Fong Lee

Student Works (2000-2009)

The financial sector is poised to enter a new era of institutional development and maturity with the unveiling of both the Financial Sector Master Plan (FSMP) by Bank Negara Malaysia and the Capital Market Master Plan (CMP) by the Securities Commission in 2001. FSMP is a blueprint to chart the way forward for the country's banking, insurance and other financial sectors for the next decade from year 2001 to 2010. It aims to develop a more resilient. competitive and dynamic financial system that will be able to meet the challenges of further liberalization and globalization. CMP is a financial development …

Information And Communication Technology And Poverty: An Asian Perspective, M. G. Quibria, Feichin, Ted Tschang

Research Collection Lee Kong Chian School Of Business

Many commentators have extolled the virtues of new information and communication technologies (ICTs) in reducing poverty and improving the quality of life. While such arguments have been used before in relation to many predecessor technologies, including other earlier communications technologies, the promise has often floundered. This paper attempts to provide a more balanced analysis of the question, by exploring the linkages between the new ICTs and poverty reduction. It examines the linkages in two ways: the potential for direct impacts of ICTs on various areas of poverty and development, and the indirect impacts of ICTs on economic growth, exports and …

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2000, Central Bank Of Nigeria

CBN Annual Report

This Report reviews the operations of the Central Bank of Nigeria (CBN) and macroeconomic developments during the fiscal year 2000 and appraises the major economic policy outcomes during the period. The bank is responsible for administering the Banks and Other Financial Institutions (BOFI) Act, which aims to ensure high standards of banking practice and financial stability through surveillance activities and the promotion of an efficient payments and clearing system. The bank's major objectives for monetary policy in 2000 were outlined in the Bank's Monetary Policy Circular No. 34. Key policy targets included growth in broad money, narrow money, aggregate bank …

Preliminary Assessment Of Client Interest In And Needs Of The New England Environmental Finance Center, New England Environmental Finance Center, University Of Southern Maine

Planning

The New England Environmental Finance Center (NE/EFC) has been conceived as a knowledge-based clearinghouse, training, and change-agent program aimed at helping EPA's constituencies find financially successful approaches to environmental improvements. The NE/EFC will develop approaches to needs of particular priority in New England and potentially useful throughout the nation; share such approaches through the EFC national network; and help make tools from that network accessible throughout New England. In 1999 we began exploring with potential users how this ninth of the nation's EFCs might best address the region's needs. The assessment continued through the Muskie School's EFC proposal to EPA …

Rural Credit And Self-Help Groups: Micro-Finance Needs And Concepts In India By K G Karmakar, New Delhi: Sage Publications,1999., M S Sriram

IIMB Management Review

Microfinance is the latest buzzword in developmental circles. Inspired by the success of the Grameen Bank experience of Bangladesh and its extensive documentation, there are several experiments being carried out in India as well. Naturally, literature about these experiments follows. Rural Credit and Savings is one sector which has been damaged almost beyond repair by the excessive intervention of the state and therefore people are trying to look at unconventional solutions. In the light of immense action happening in the microfinance sector, Karmakar’s book is not only timely but also an important addition to the existing literature.

Hybridization Of Dna By Sequential Immobilization Of Oligonucleotides At The Air-Water Interface, Murali Sastry, Vidya Ramakrishnan, Mrunalini Pattarkine, Anand Gole, K. N. Ganesh

Faculty Works

The hybridization of DNA by sequential electrostatic and hydrogen-bonding immobilization of single-stranded complementary oligonucleotides at the air-water interface with cationic Langmuir monolayers is demonstrated. The complexation of the single-stranded DNA molecules with octadecylamine (ODA) Langmuir monolayers was followed in time by monitoring the pressure-area isotherms. A large (and slow) expansion of the ODA monolayer was observed during each stage of complexation in the following sequence: primary single-stranded DNA followed by complementary single-stranded DNA followed by the intercalator, ethidium bromide. Langmuir-Blodgett (LB) films of the ODA-DNA complex were formed on different substrates and characterized using quartz-crystal microgravimetry (QCM), Fourier transform infrared …

Strengthening The Leasing Sector, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

It gives me immense pleasure to be present at this first International Conference on small and micro leasing being held in Pakistan. The focus of the Conference on small and micro enterprises is timely as this sector is receiving high priority from the Government. The small and micro enterprises can play a crucial role in poverty alleviation and the Government has taken many decisions in this regard, foremost amongst which has been the formation of Khusali Bank – a bank specifically established for micro enterprises.

The State Of The Region: Hampton Roads 2000, James V. Koch, Aditi Agarwal, Vinod Agarwal, Rebecca Bowers, Steve Daniel, Michele Darby, John Gawne, Beth Herders, Jeffrey Harlow, Tatiana Isakovski, Sharon Lomax, Helen Madden, Stephen Medvic, Deborah L. Miller, Wayne Talley, Gilbert Yochum

Economics Faculty Books

Those who know and love the region of Hampton Roads wish to make it an even better place to live than it is currently. In order for us to achieve that end, we must know literally "where we are" in critical areas. This first "State of the Region" Report is designed to provide citizens with a detailed, though not burdensome, look at several critical aspects of the lives we live in Hampton Roads. The Report focuses on topics such as the regional economy (including the tourist and military sectors), the workforce, K-12 education, technology, and of course, government and regional …

Nationalism In The People's Republic Of China: A Consequential Chameleon, Ibpp Editor

International Bulletin of Political Psychology

This article describes how nationalism among political leaders in the People's Republic of China (PRC) can be the linchpin of divergent views on the desirability of the PRC's future in a globalized economy.

Ua12/2/1 Career Expo, Wku Student Affairs

WKU Administration Documents

Magazine issue of College Heights Herald printed for the Career Exposition.

• Employers Attending WKU Career Expo 2000
• Harrison, Christy. Career Expo 2000 to Give Western Students, Alumni Job, School Opportunities
• Career Services Offerings
• The Job Market for the Class of 2001

Environmental Finance Charette, Hyannis Park On Lewis Bay: A Case Study, New England Environmental Finance Center, Environmental Finance Center Of University Of Maryland

Water

The town of Yarmouth currently has a $30 million septic sludge treatment plant and transport lines in place. The vast majority of the dwellings and businesses in the Hyannis Park area are on septic systems that are viable and Title 5 compliant, regardless of age. Conventional, "non-failing" septic systems, however, were never intended to remove form their effluent nutrients such as nitrogen. These have become recognized as an environmental threat only as our understanding of the impacts of excess nutrients on ecosystems has increased in recent decades.

Replication: Regressive Reproduction Or Progressive Evolution?, Graham Wright

Journal of Microfinance / ESR Review

Increasing numbers of organizations are "replicating" the programs of successful microfinance institutions (MFIs). This approach allows rapid start-up using tested models and systems. These strengths are also weaknesses, though, since the models being replicated usually require substantial modifications to make them appropriate for local conditions. Furthermore, close adherence to "blueprints" is likely to substitute for careful research into the needs and opportunities for the provision of financial services to the poor--and thus the design of appropriate systems. Replication also risks the suppression of innovative ways of providing still better financial services--particularly when promoted by powerful apex funding organizations, as is …

Impact Assessment Of Microfinance And Organizational Learning: Who Will Survive?, James G. Copestake

Journal of Microfinance / ESR Review

To what extent is it possible for organizations to reflect honestly on their own performance, draw appropriate conclusions, and then act on them? For many microfinance organizations this is now a question of survival. This paper argues that formal impact assessment can assist in the transition from donor-controlled replication projects to autonomous and adaptable organizations--but it often fails to do so. Pitfalls include inadequate attention to methodological detail and to the links between impact assessment and wider aspects of organizational change. The paper starts by highlighting the complexity of the overall task to which impact assessment is expected to contribute. …

Vol. 02 No. 2 Journal Of Microfinance, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

Front Matter, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

Banking On Customer Loyalty, Craig Churchill

Journal of Microfinance / ESR Review

Enhancing customer loyalty is a microfinance institution's most important business strategy. Every critical element involved in managing microfinance operations--from product pricing to staff incentives, from marketing to eligibility requirements, from client screening to the menu of available services--can (and should) be formulated to promote loyalty. While most MFIs recognize the importance of client retention, few have designed business strategies to maximize customer loyalty. Hopefully that will change. This article details the economic impact that customer loyalty has on a microfinance institution (and the negative effect of desertion).

Moving Microenterprises Beyond A Subsistence Plateau, Beth C. Haynes, Kristie K. Seawright, William C. Giauque

Journal of Microfinance / ESR Review

Enthusiasm for microcredit programs has increased during the past decade. The attention these programs have drawn stems philosophically from progress in cultivating self-sufficiency among those in abject poverty, and practically from the viability and high loan repayment rates of many microfinance institutions. The programs assume that lack of capital is the main barrier to the economic progress of the poor. The lack of entrepreneur business management experience and training, however, may create a barrier equally powerful and limit the growth potential of microenterprises. Microcredit programs could foster even greater economic progress by ensuring that clients receive appropriate human capital development. …

Book Review- Microfinance And Poverty: Questioning The Conventional Wisdom By Hege Gulli, Lisa M. Jones

Journal of Microfinance / ESR Review

No abstract provided.

Microfinance In The United States: The Working Capital Experience— Ten Years Of Lending And Learning, Jeffrey Ashe

Journal of Microfinance / ESR Review

Working Capital is the United States' largest peer-group lending program. This article reviews what Working Capital has learned about the market, its customers, program impact, and service delivery over its ten year history. It presents a model for understanding how participating in peer lending groups develops “social and economic capital” in poor communities. The article then discusses how participants judge the group model as they identify the characteristics of successful groups and the impact of the group on their businesses, on themselves personally, and on the larger community. The rest of the article discusses how Working Capital evolved from a …

Capital Enhancement Guarantees And Risk Management By Capital-Constrained Lenders, J.D. Von-Pischke

Journal of Microfinance / ESR Review

Commercial lenders require capital to bear risk. The capital enhancement guarantee (CEG) encourages lenders to make loans they would not otherwise make, such as microenterprise loans. The CEG is auctioned and awarded to bidders who promise the greatest amount of new lending for a given increment of permanent capital. Whether the incremental lending causes losses or gains for the lender, the incremental capital is free. The CEG subsidizes innovation in risk management. It places the analytical focus on risk and its cost, supports the key party to the lending decision, promotes skill in managing risk, is transparent, minimizes moral hazard, …

Economics And Strategic Management: Bridging The Divide, Rakesh Singh

IIMB Management Review

There has always been a great divide between economic theory and management theory. On the one hand, most business schools put basic economics on their curriculum and insist on compulsory courses in the subject.  On the other hand, management theorists have found economics too abstract to be useful. Economists have always tried to run clown the case study approach as lacking in rigour and have criticized management's approach of generality.