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2000

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Articles 31 - 41 of 41

Full-Text Articles in Corporate Finance

The Effectiveness Of Monetary Policy In Malaysia In The Light Of Financial Liberalization, Farizah Ahmad Jan 2000

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 Jan 2000

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 Jan 2000

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 Jan 2000

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 Jan 2000

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 Jan 2000

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 Jan 2000

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 Jan 2000

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 Jan 2000

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 Jan 2000

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 Jan 2000

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 …