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Articles 31 - 59 of 59
Full-Text Articles in Corporate Finance
Eva Evidence On Public Listed Companies In Malaysia, Walter Lo
Eva Evidence On Public Listed Companies In Malaysia, Walter Lo
Student Works (2000-2009)
This study examines claims that Economic Value Added (EVA) better explain stock values and stock returns than traditional accounting measures. Also, this study examines the relationship between EVA and Marl
Credit-Lending Channel In The Malaysian Economy, Roza Hazli Zakaria
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 …
Insider Trading On The Kuala Lumpur Stock Exchange : An Empirical Study, Jooky Lim
Insider Trading On The Kuala Lumpur Stock Exchange : An Empirical Study, Jooky Lim
Student Works (2000-2009)
In Malaysia there are strict laws that prohibit insider trading. With the presence of such laws, this study explores whether insider trading exists on the Kuala Lumpur Stock Exchange (KLSE). Information on insider trading obtained from filing made to the KLSE by directors and substantial shareholders from 1 March 2000 to 7 March 2000 were analysed for abnormal returns. Based on daily price movements for 150 days before and after a transaction was carried out, it was observed that there are signals of insider trading on the KLSE. Insiders managed to maximise their average market adjusted returns prior to selling …
The Business Of Part-Time Mba Programmes In Klang Valley With Special Reference To Stamford College, Choy Fong Lee
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 …
A Comparative Analysis Of Conventional Banking System And Islamic Banking System In Malaysia In Relation To Loan Repayments, Baharin Salim Abdullah
A Comparative Analysis Of Conventional Banking System And Islamic Banking System In Malaysia In Relation To Loan Repayments, Baharin Salim Abdullah
Student Works (2000-2009)
The birth of Bank Islam Malaysia Berhad (81MB) in 1983 symbolized the Malaysian Government's initiative in establishing an Islamic banking system. After 17 years of operation in a market mainly dominated by conventional banks, 81MB has still unable to achieve its target of capturing a significant portion of th is market. In this paper, the writer tries to observe the main differences between the conventional and Islamic banking system Malaysia in relation to loan repayments. Through this observation, strengths and weaknesses of the Islamic banking system can be identified. Recommendations can be made to help enhancing BIMB's performance in achieving …
Banking Crisis In Malaysia : Causes, Recovery Measures Taken And Their Effectiveness, See Yan Chan
Banking Crisis In Malaysia : Causes, Recovery Measures Taken And Their Effectiveness, See Yan Chan
Student Works (2000-2009)
This research project discusses the causes, recovery measures taken and the effectiveness of the measures to the Malaysian banking crisis in mid 1997. There are combination of factors that contributed to the crisis. Among the factors are excessive credit growth, over-exposure of lending to broad property sector and stock market, weaknesses in the banking system and external shock-currency attack. In addition, tight monetary policy which was designed to rescue the currency attack further aggravated the banking problem. Later in September 1998, Government further response by reverting the above tight monetary policy and gradually easing the monetary policy. Besides that, four …
Corporate Governance In Selected Public Listed Companies In Malaysia, Sue Lin Lim
Corporate Governance In Selected Public Listed Companies In Malaysia, Sue Lin Lim
Student Works (2000-2009)
During economic boom periods, most shareholders and company regulators paid little attention to good corporate governance, hence the reason for weak corporate governance. This study investigates whether weak corporate governance has significant effects on the corporate performance, investment and financing patterns of selected public listed companies in Malaysia. Previous researches done by Xu and Wang (1997) and Saldana (1999) seem to show that there is a close link between these variables. Based on the regression model formulated in this study, a relationship between weak corporate governance with respect to corporate performance, investment and financing patterns have been established. From the …
Corporate Performance And Ownership Structure : A Comparative Analysis Between Bumiputera And Non-Bumiputera Controlled Companies, Nor Aizurawati Aminudin
Corporate Performance And Ownership Structure : A Comparative Analysis Between Bumiputera And Non-Bumiputera Controlled Companies, Nor Aizurawati Aminudin
Student Works (2000-2009)
New Economic Policy (NEP) 1970-1990, in general had changed the outlook of Malaysian economy. Resulted from the policy, Bumiputera companies have been awaken to compete more aggressively with the Non-bumiputera companies in exploiting the country's wealth. This paper attempts to see the performance of bumiputera companies as compared to the non-bumiputera companies after the NEP era. The objective is to analyze whether ownership structure has influence over the performance of Malaysian public listed companies. Ownership structure is viewed from two perspectives, ethnic ownership and concentration of ownership. Performance of companies is mainly viewed from the aspect of accounting profit performance, …
A Comparative Study Of The Performance Of Commercial Banks, Finance Companies And Merchant Banks In Malaysia, 1990-1998, Kim Teck Yeap
A Comparative Study Of The Performance Of Commercial Banks, Finance Companies And Merchant Banks In Malaysia, 1990-1998, Kim Teck Yeap
Student Works (2000-2009)
Banking institutions play a substantial role, especially in a developing country like Malaysia, in mobilizing savings and channeling these resources for economic development. The growth of the banking institutions over the past two decades was achieved through the rapid build-up of an extensive branch network, the widening of banking services and the acceleration of credit activities. The focus of this paper is to evaluate the relative performance of banking institutions in Malaysia during the 1990-1998 period, using the CAMEL rating framework. The banking institutions included in this study are the major groups of banking institutions operating in Malaysia, namely commercial …
An Evaluation On Project Financing Under Islamic Banking, Sugunadevi Arjunan
An Evaluation On Project Financing Under Islamic Banking, Sugunadevi Arjunan
Student Works (2000-2009)
Although Islamic banking has been in operation fo r more than a decade in Malaysia, it's market share and growth seem to be quite limited and fa ll far short of earlier projection. This study attempts to investigate one type of Islamic banking product, that is project financing. The objectives of the study are to assess the current level of Islamic project financing and its associated growth, to identify problems faced in the implementation of Islamic project financing under the Mudharabah and Musyarakah concepts and to demonstrate with a real life case study the costs of financing under Islamic banking …
Impact Of Corporate Performance And Financial Policies On Shareholder Value In Malaysia, Kuan Hua Quah
Impact Of Corporate Performance And Financial Policies On Shareholder Value In Malaysia, Kuan Hua Quah
Student Works (2000-2009)
This study examines the relationships between firms' shareholder value levels and its corporate performance, financial policies and growth opportunities. A five-year period was used ranging from 1995 to 1999. and involved a total of 106 companies that are listed in the Kuala Lumpur Stock Exchange (KLSE). In attempting to increase knowledge regarding shareholder value issues in Malaysia, a better understanding about the various financial variables that affect shareholder value of companies in Malaysia is expected. Findings show that firms with higher growth opportunities tend to have higher shareholder value levels. The results are more mixed with regard to a company's …
Mergers And Acquistions : A Study On The Performance Of Non-Financial Companies In Malaysia, Maran Marimuthu
Mergers And Acquistions : A Study On The Performance Of Non-Financial Companies In Malaysia, Maran Marimuthu
Student Works (2000-2009)
This study examines the performance of non-financial companies that were involved in merger and acquisition activities between 1990 and 1995. A sample of 60 non-financial companies has been selected which are then split into two main groups; low sales growth companies and high sales growth companies. The objectives of the study are; to examine those companies' performance over the period 1996-1998, to compare their performance with respect to pre-crisis and crisis periods and to assess shareholder value appreciation in comparison between the low sales growth companies and high sales growth companies during their post-acquisition period. Capital gains are used to …
Performance Of Unit Trusts In Malaysia In The Period Of 1995 To 1999, Khing Wee Ong
Performance Of Unit Trusts In Malaysia In The Period Of 1995 To 1999, Khing Wee Ong
Student Works (2000-2009)
Malaysia has experienced one of the Vv'Orst economic and financial crises in the history, in the second half of 1997. Many people are aware on how the crisis affected the share market, but not many know about the effects to the unit trusts industry. This research provides an insight on how the unit trusts in Malaysia have performed during the financial crisis. To make comparisons, the period of the research has been divided into two sub-periods, the first one being prior to the financial crisis (March-95 to June-97) and the second or.e being during the financial crisis (July-97 to November-99). …
Performance Comparison Between Bank Islam Malaysia Berhad (Bimb) And Conventional Banks, 1989-1999, Chiu Sian Nee Alison
Performance Comparison Between Bank Islam Malaysia Berhad (Bimb) And Conventional Banks, 1989-1999, Chiu Sian Nee Alison
Student Works (2000-2009)
This is an empirical study which compares the performance of Bank Islam Malaysia Berhad (BIMB) with seven commercial banks for the period 1989-1999 in terms of growth, profitability, liquidity, solvency, credit risk, earnings risk and sectoral contribution to the economy. BIMB's performance during the period of the financial crisis 1997-1999 is also compared with fifteen commercial banks. Ratio analysis is used in these comparisons. This report is divided into five chapters. Chapter 1 discusses the fundamental principles and mode of operations of both conventional and Islamic banks. Chapter 2 reviews the literature pertaining to the performance of Islamic banks in …
Nonperforming Loans In Banking And Financial Sector, Ning Ning Chang
Nonperforming Loans In Banking And Financial Sector, Ning Ning Chang
Student Works (2000-2009)
It is crucially important to understand the connection between banking sector fragility and the nonperforning loans (NPLs) problem. The problem of mounting NPLs gained much prominence during the recession that hit particularly all countries over the world in 1980s. It is again become prominent following the financial crisis that recently hit the Asian countries. This study examines various factors contributing to the NPL problem, where some endogenous as well as exogenous factors are identified. Poor management and poor lending policies, fraud and embezzlement, moral hazard incentives, heavy government intervention and weaknesses in prudential regulation and supervision are among the factors …
The Impact Of The Travel Account On The Malaysian Balance Of Payments, Goh Mei Lee
The Impact Of The Travel Account On The Malaysian Balance Of Payments, Goh Mei Lee
Student Works (2000-2009)
The current account deficits in the balance of payments have been a serious concern to policy makers and academicians in their efforts to formulate possible ways to assist the current account deficits . This study looks at the Malaysian services account balances in the current account of the balance of payment with specific focus on the travel account position. The long-standing deficits in the Malaysian current account position due to the services account deficits have been rather prominent in the ear1y I980's due to excessive external debts . The net investment payment ranked the highest in terms of generating outflows …
Ownership Structure And Corporate Performance : A Study On Malaysian Public-Listed Companies, Yoke Ping Lua
Ownership Structure And Corporate Performance : A Study On Malaysian Public-Listed Companies, Yoke Ping Lua
Student Works (2000-2009)
This study examines the relationship between ownership structure and corporation performance on 100 Malaysian public-listed companies from 1993 to 1997. We first investigate the effect of ownership concentration on corporate performance, as measured by return on equity, market to book value ratio and return on assets. Further, we extend our analysis by examining the relation between insider ownership and the three accounting ratios. The results showed no significant relationship between ownership concentration or insider ownership and corporate performance for the selected corporations in 1993 - 1997. This study further confirms the studies conducted by Kwabena (1993) and Yee (1998) that …
The Selective Capital And Exchange Controls In Malaysia : A Malaysian Perspective, Muhamad Shukri Abdul Rani
The Selective Capital And Exchange Controls In Malaysia : A Malaysian Perspective, Muhamad Shukri Abdul Rani
Student Works (2000-2009)
The latest financial and currency crisis that struck Malaysia in 1997 has exposed several macroeconomic weaknesses within the Malaysian economy, in light of the huge influx of international capital flows and speculative activities, and highlighted once again the issue of premature capital account and financial liberalization. These weaknesses such as economic growth well above potential output, loss of efficiency in the economy, current account deficits, over dependence on the banking sector for loans, which were later used for unproductive investments such as those in the stock and property markets have made Malaysia vulnerable to the shocks that emanated from the …
The Effectiveness Of Monetary Policy In Malaysia In The Light Of Financial Liberalization, Farizah Ahmad
The Effectiveness Of Monetary Policy In Malaysia In The Light Of Financial Liberalization, Farizah Ahmad
Student Works (2000-2009)
Financial liberalization had caused instability in the money demand function as well as in the velocity of money. As a result, money supply is no longer reliable as the main intermediate target and there appeared to be a shift in the technique of monetary control towards greater reliance on interest rates as the main operating instrument. Developing countries that continue to emphasize on quantitative method in their monetary framework while at the same time implement financial refom1s may face the problem of a loss of monetary control and hence, monetary policy may possibly not be effective in influencing income or …
The Impact Of The Real Exchange Rates On Exports : The Malaysian Case, Lay Lian Chuah
The Impact Of The Real Exchange Rates On Exports : The Malaysian Case, Lay Lian Chuah
Student Works (2000-2009)
Many studies have yielded contradicting results on the impact of real exchange rate volatility on exports. Therefore, this paper attempts to examine the relationship between real exchange rate volatility and Malaysian exports. The model of this study is adapted from Caballero and Corbo's ( 1989) paper. In this respect, this paper also uses the same standard calculation for real exchange rate (RER) volatility. However, a minor adaptation was made whereby the standard deviation, the measurement of real exchange rate volatility is refined by using trade weighted settlement in its computation. This would be a more accurate way of measurement, as …
Afghanistan's Economic Potentials And Malaysian Entrepreneurs' Perceptions, Abdul Sattar Murad
Afghanistan's Economic Potentials And Malaysian Entrepreneurs' Perceptions, Abdul Sattar Murad
Student Works (2000-2009)
Afghanistan is a country that has started its economic development after the World War II, one of the very early beginners in launching its economic development programs; it is one of the least developed countries in Asia. This study reviews the economic potentials of Afghanistan including mineral, water, land resources and perception of Malaysian Investors. These two aspects of the study highlight the causes of low economic development and factors responsible for it. This study attempts to examine four logically linked questions, i.e. (i) what are the trade potentials of Afghanistan? (ii) What are the mineral potentials of Afghanistan? What …
Seasonality Effects Of Finance Stocks On The Kuala Lumpur Exchange, Foon Lee Ng
Seasonality Effects Of Finance Stocks On The Kuala Lumpur Exchange, Foon Lee Ng
Student Works (2000-2009)
The primary objective of this study is to investigate the seasonality effect or calendar anomalies of Finance stocks on the Kuala Lumpur Stock Exchange (KLSE) over the period of January 1992 to June 1999. Among the calendar anomalies investigated in this study are the day-of-the-week effect, the pre-holiday effect, the end-of-the-month effect and the firm size effect. Empirical results reveal that there is an existence of the day-of-the-week effect in the financial stocks for the entire sample period. The results are consistent with those previous studies in which Monday's returns are significantly negative whilst Friday's returns are positive. In particular, …
Relationship Between Risks And Return In The Kuala Lumpur Stock Exchange, Keat Chye Khoo
Relationship Between Risks And Return In The Kuala Lumpur Stock Exchange, Keat Chye Khoo
Student Works (2000-2009)
Results of empirical tests on the relationship between stock returns and arious risk factors of sixty stocks in the Kuala Lumpur Stock Exchange over the eriod 1979-1998 are presented in this study. Overall the applicability of the capital sset pricing model in Kuala Lumpur Stock Exchange using monthly data is absent. 1arket risk alone or with another risk factors are unable to explain the variation in verage returns. However, there is a significant non-linear relationship between verage returns of individual stocks and market risk in two test periods 1983-86 and 995-98. This study also finds that other risk factors are …
Behaviour Of Trading And Non-Trading Stock Returns In The Malaysian Stock Market, Lay Khong Tan
Behaviour Of Trading And Non-Trading Stock Returns In The Malaysian Stock Market, Lay Khong Tan
Student Works (2000-2009)
This study examines the stock returns and volatilities of trading and nontrading day for seven KLSE indices from January 3, 1994 to November 26, 1999. Six return series are computed. They are the overnight, open to close, morning, afternoon, close to close and open to open series. There is consistently positive overnight return throughout Monday to Friday. The weekend effect or Monday effect is significantly positive. The returns of the morning, open to close, close to close series are negative particularly on Monday, Tuesday and Thursday. Except for Monday, other weekdays have positive afternoon return. Mean and variance return are …
Long Run Determinants Of Malaysia Trade Balance : A Cointegration Study, Lok Sin Kuar
Long Run Determinants Of Malaysia Trade Balance : A Cointegration Study, Lok Sin Kuar
Student Works (2000-2009)
This paper aims to study the long run determinants of Malaysian trade balance the cointegration method by using quarterly data from 1973 1Q to 1998 4Q. In order to study the long run equilibrium relationship, trade balance is tested against other macroeconomic variables which resembles monetary policy, exchange rate policy and fiscal policy. The final results is that interest rate is the only variable found to be cointegrated with the trade balance. As such, it implies that interest rate may be an effective policy instrument to rectify the problem of trade imbalances in Malaysia. On the other hand, other policies …
Analysing Random Access Memory Chip Yield Performance, Choy Sar Kam
Analysing Random Access Memory Chip Yield Performance, Choy Sar Kam
Student Works (2000-2009)
Despite advances in integrated circuits (IC) equipment and fabrication techniques, there still exist random fluctuations or statistical disturbances in any IC manufacturing facility. which can adversely affect the production yield. Actually devices and circuits are being designed with increasingly tighter parameter and performance margins. As a result, chip performance becomes even more sensitive to the statistical variations, and this may result in low production yield. One of the significant detractors of cost in a manufacturing line is yield loss due to contamination and the time required to increase the yield to profitable levels. Yield loss in a manufacturing line is …
Comparison Between The Economic Fundamentals Of Malaysia And Singapore Prior To The 1997 Southeast Asian Currency Crisis, Mun Chow Lai
Comparison Between The Economic Fundamentals Of Malaysia And Singapore Prior To The 1997 Southeast Asian Currency Crisis, Mun Chow Lai
Student Works (2000-2009)
This research paper makes a comparative study on the economic fundamentals of Malaysia and Singapore prior to the 1997 Southeast Asian Currency Crisis (SACC). The overriding objective here is to determine the structural economic characteristics of Malaysia and Singapore prior to the SACC and to explore the possibility that underlying fundamentals might have contributed towards or exacerbated the SACC. The analysis begins with an overview of the economics of Malaysia and Singapore using graphical and tabular analysis of broad indices. This is followed by the formulation of simultaneous equation models, one for Malaysia and another for Singapore. Besides service balance …
The Impact Of The Recent Currency Crisis On Malaysian Exports, Deivanai Kaliappan
The Impact Of The Recent Currency Crisis On Malaysian Exports, Deivanai Kaliappan
Student Works (2000-2009)
Since the outbreak of East and Southeast Asian financial crisis, a lot has been said and done to explain currency crisis that started with floatation of Thai baht. Economists and policymakers from all over the world gathered to discuss the causes of the main agenda in global economic as well as the action to be taken in bringing the affected countries in the East and Southeast Asian region back to recovery path. However, it is already 17 months since the crisis erupted, still there is no well defined measures that can be adopted by the ailing economies to improve their …
A Study Of Stock Market Efficiency In Malaysia, Shook Chern Lee
A Study Of Stock Market Efficiency In Malaysia, Shook Chern Lee
Student Works (2000-2009)
This study examines the behaviour of the stock market in Malaysia and its implication on the weak form efficiency of the Efficient Market Hypothesis. Daily data of the number of stocks advancing, declining or remaining unchanged in price and the closing levels of the stock market indices of the Main Board, seven main sectors of the Main Board and the Second Board of the KLSE were used in this study. The period covered was from January 1994 to December 1998, a total of 1233 trading days. The results using the Theil-Leenders test indicates that there is some dependence in successive …