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Finance and Financial Management Commons™
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- Economic Fundamentals; Malaysia and Singapore Comparison; Southeast Asian Currency Crisis; Total Factor Productivity; Real Effective Exchange Rate (2)
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- Abu Yusuf; Islamic finance; Land taxation; Kitab al-Kharaj; Hanafi school of thought (1)
- Al-bay bi thaman ajil; Islamic financing; BBA contract; Islamic banking; Bank Rakyat practice (1)
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- Calendar Anomalies; Pre-Holiday Effect; Half-Monthly Effect; Time-of-the-Month Effect; Kuala Lumpur Stock Exchange (KLSE) (1)
- Capital Asset Pricing Model; Stock Returns Analysis; Risk Factors; Kuala Lumpur Stock Exchange; Asset Pricing Anomalies (1)
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- Credit Control; Debtors Management; Corporate Restructuring; Management Accounting; Kuala Lumpur Stock Exchange (1)
- Credit Lending Channel; Monetary Policy; Bank Loans; Money Supply; Malaysian Economy (1)
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- Customer Relationship Management; Banking Industry; Customer Satisfaction; Customer Retention; Corporate Profitability (1)
- Day-of-The-Week Effect; Calendar Anomalies; Stock Return Volatility; KLSE Financial Stocks; GARCH Model Analysis (1)
- Dividend Policy Theory; Economic Value Added; Free Cash Flow; Corporate Valuation; Shareholder Value Analysis (1)
- Dividend Yield Strategy; Stock Market Investment; Kuala Lumpur Stock Exchange (1)
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Articles 1 - 30 of 83
Full-Text Articles in Finance and Financial Management
"Would Bond Market Be A More Viable Investment Alternative To The Stock Market?", Hock Poon Chew
"Would Bond Market Be A More Viable Investment Alternative To The Stock Market?", Hock Poon Chew
Student Works (2000-2009)
"Traditionally, investors have viewed bonds as boring investments that do not give good returns and that burdens portfolios," says Dale Bryant, a portfolio manager. "They couldn't be more misled. Sometimes bonds can do better than equities. Adding bonds can reduce portfolio volatility." Bryant's statement forms the crux of this research project. This paper investigates the co-movement of stocks and bonds on a monthly basis from April 1996 to May 2001. Average returns and standard deviations for the bond and stock market are computed and a comparison is performed to establish which market provides a better return and is less volatile. …
Analisis Keuntungan Perbankan Islam Di Malaysia Dengan Tumpuan Kepada Pengurusan Aset Dan Liabiliti, Hadenan Towpek
Analisis Keuntungan Perbankan Islam Di Malaysia Dengan Tumpuan Kepada Pengurusan Aset Dan Liabiliti, Hadenan Towpek
Student Works (2000-2009)
Kajian disertasi ini menyentuh tentang konseptualiti dan signifikasi konsep keuntungan dalam pelbagai perspektif termasuklah perspektif ekonomi tulen, ekonomi Islam, perbankan konvensional dan perbankan Islam. Fungsi dan pengaruhi konsep ini amat signifikan sehinggakan ia ditanggapi sebagai kayu pengukur bagi pencapaian matlamat dalam perti.mbangan berekonomi. Kajian disertasi ini meneliti terperinci kadar keuntungan dalam perbankan dwi-sistem di Malaysia dalarn suasana perubahan kadar faedah pasaran. Pendekatan yang dibuat dengan mengenalpasti fonnulasi strategik segmen-segmen dalam pengurusan aset dan liabiliti dalam perbankan dwi-sistem yang mampu menjanakan margin-margin keuntungan yang optimum dalam apa jua suasana kadar faedah sekalipun. Bagi perbankan konvensional yang mengaplikasikan kadar faedah terapung boleh …
Persistence Of Profits : Intra-And Inter-Sector Comparisons, Liew Toh Peng
Persistence Of Profits : Intra-And Inter-Sector Comparisons, Liew Toh Peng
Student Works (2000-2009)
The dynamics of the competition in a market economy is expected to function continuously to eliminate the profit differentials among different firms or industries in the· long run. The persistence of profit rates differentials was estimated with an autoregressive model for a sample of firms listed in 9 sectors of the Main Board of Kuala Lumpur Stock Exchange (KLSE). We applied the methodology proposed by lm et al. ( I 997) to test for the persistence of profits in a panel data structure. A few specifications were considered and the autoregressive model without a lagged difference term was the best …
Linkages Between The Malaysian And Other Selected Stock Markets Before And After The 1997 Financial Crisis : Evidence From Cointegration Tests, Ai Ting Foo
Student Works (2000-2009)
A lot of focus has been placed on the interdependence of stock markets over the last two decades in view of the trend towards market deregulation and globalization of economies. Therefore, this paper attempts to examine the linkages among the stock markets pre- and post-1997 financial crisis. This paper analyzes the linkages between the Malaysian stock market with the United States of America (US), Hong Kong, Taiwan, South Korea, Singapore, Thailand, Indonesia and Philippines using pairwise cointegration. The study uses weekly data from January 1994 to Jun 2001. Johansen and Juselius (JJ) ( 1990) co integration approach is used to …
Daman Al-Mithl In The Contract Of Al-Ijarah And Al-Rahn : A Comparative Jurisprudential Study, Hossam Eldin Ibrahiem
Daman Al-Mithl In The Contract Of Al-Ijarah And Al-Rahn : A Comparative Jurisprudential Study, Hossam Eldin Ibrahiem
Student Works (2000-2009)
Al-daman (guarantee) is one of the legitimate means used to protect ownership and other financial rights. It is one of the means of security upon which people have been dependent for a long time. As people use it, it develops with the development of their economic and commercial dealings. Al-daman has, as such become an important means which plays a vital and basic role in the development of modem economies. Its role is so vital that it is not an exaggeration to say that al-daman has become the basic pillar of the modem economies and all commercial dealings for banks, …
Pemikiran Abu Yusuf Mengenai Kewangan Islam : Kajian Dalam Kitab Al-Kharaj, Hanin Mahamud Azaki
Pemikiran Abu Yusuf Mengenai Kewangan Islam : Kajian Dalam Kitab Al-Kharaj, Hanin Mahamud Azaki
Student Works (2000-2009)
This dissertation explains the contribution of Abu Yusuf in Islamic Finance based on his Kitab al-Kharaj in which he has been regarded as an outstanding Muslim thinker of Hanafi school of thought. In this work, Abu Yusuf highlighted the position of land taxation (al-kharaj) according to Islamic perspective. ln other words, it tries to view Islamic rulings concerning land tax, its procedures as well as its measurement. Hopefully it will assist in the implementation of land tax accordance with the spirit of Islam. Chapter one explains the background of Abu Yusuf, his teachers and writings. Chapter two mentions the theory …
Risk-Based Audit Approach In The Internal Audit Department Of A Financial Institution : A Qualitative Study, Jans Mei Lin Lim
Risk-Based Audit Approach In The Internal Audit Department Of A Financial Institution : A Qualitative Study, Jans Mei Lin Lim
Student Works (2000-2009)
Traditionally, the internal auditing approach has been very procedures or process driven. Lately, however, there is greater emphasis on the risk-driven approach in an attempt to achieve greater effectiveness and efficiency in internal auditing. This new approach which is risk-driven is called Risk Based Auditing. A riskbased audit focuses on the organization's business risks, that is, risks which can affect a company's profitability and which hold the key to its survival. To analyze this risk, the internal auditor has to look into the working of the company to understand how it operates, and the short and long term business risks …
Akad Al-Bay Bi Thaman Ajil Di Bank Rakyat Mengikut Perspektif Undang-Undang Kontrak Islam, Hamizan Mohd. Nor
Akad Al-Bay Bi Thaman Ajil Di Bank Rakyat Mengikut Perspektif Undang-Undang Kontrak Islam, Hamizan Mohd. Nor
Student Works (2000-2009)
Al-bay bi thaman ajil (BBA) is a financing contract according to Islamic principles. It is a well-known product and is offered by Islamic Banking System in Malaysia including Bank Rakyat itself. The product is an alternativies to the financing scheme of the conventional bank. Therefore, the dissertation studies the practice of SBA contract with attention given to the concept and nature of BBA contract in the Islamic transaction and its practise at Bank Rakyat. The study also discusses certain relevant concept such as debt, buy and selling (transaction), profits and usury in Islam all of which constitute some important aspects …
An Evaluation Of The Financial Sector Master Plan & The Capital Market Master Plan, Soo Yeong Ewe
An Evaluation Of The Financial Sector Master Plan & The Capital Market Master Plan, Soo Yeong Ewe
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 20 I 0. It aims Lo 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 …
The Impact Of Service Charge On The Performance Of Unit Trust Funds In Malaysia, Hwei Juin Tan
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 …
An Analysis Of The Performance Of The Japanese Candlestick Method In The Kuala Lumpur Stock Exchange, Yeok Kuan Leong
An Analysis Of The Performance Of The Japanese Candlestick Method In The Kuala Lumpur Stock Exchange, Yeok Kuan Leong
Student Works (2000-2009)
Japanese candlestick chart is a technical system older than bar chart and point and figure chart, and it has been used by Japanese traders few hundred years ago to analyze the price of rice contracts in Japan. However, it is unknown and unpopular for the investors out of Japan until recently. It has started to gain popularity nowadays among investors for its flexibility and effectiveness. Japanese candlestick chart is a technique that can be used as a stand-alone charting technique or as a combination with other technical techniques. This project aims to study the performance of Japanese candlestick chart in …
Sistem Tuntutan Kewangan Staf, Abdullah Sajat Muhaini
Sistem Tuntutan Kewangan Staf, Abdullah Sajat Muhaini
Student Works (2000-2009)
Sistem tuntutan kewangan bagi staff di fakulti Sains Komputer dan teknologi maklumat merupakan satu slstem yang bersandarkan aplikasi Intranet. Objektif daripada projek ini adalah untuk mengurangkan masa bagi proses penerimaan wang yang dituntut oleh kakitangan, meningkatkan cara yang konservatif dalam memohon tuntutan kewangan dan mengurangkan penggunaan kertas, Dalam proposal ini juga dicadangkan beberapa rekabentuk untuk memudahkan lagi pemahaman pembaca.
Sistem Perbankan Bersepada (Islam), Abu Bakar Nurainah
Sistem Perbankan Bersepada (Islam), Abu Bakar Nurainah
Student Works (2000-2009)
Sistem perbankan adalah merupakan satu perkara yang amat penting dalam pengurusan kewangan. Dari sini bolehlah dianalisis kedudukan kewangan sesuatu syarikat atau perbadanan adakah ia stabil atau sebaliknya. Di samping itu, ia dapat membantu pihak pengurusan syarikat atau perbadanan tersebut dalam membuat keputusan serta pengawalan. Disebabkan menyedari kepentingan ini maka Sistem Perbankan Bersepadu (Secara Islam) dibina. Secara amnya, Sistem Perbankan Bersepadu (Secara Islam) ini merupakan satu sistem yang digunakan bagi menganalisis penyata kewangan yang se1alunya digunakan di bank-bank atau institusi perniagaan bagi menentukan kedudukan kewangan mereka di samping memudahkan kerja-kerja yang dilakukan secara manual. Sistem ini menawarkan beberapa kemudahan seperti pengiraan …
The Performance Of Local Majority Equity Companies (Lmecs) And Foreign Majority Equity Companies (Fmecs) In The Kuala Lumpur Stock Exchange : Before And During The Financial Crisis, Fadillah Mansor
Student Works (2000-2009)
The financial crisis, which began in July 1997 in Malaysia, had affected both Local Majority Equity Companies (LMECs) and Foreign Majority Equity Companies (FMECs). The study attempts to examine and compare the performance of LMECs and FMECs listed on the Kuala Lumpur Stock Exchange (KLSE) by looking at companies' stock return. The study is divided into two sub periods, namely "before the crisis" and "during the crisis'. The samples consisted of 21 LMECs and 21 FMECs, which were selected from the companies listed on the KLSE main board and second board. These samples of LMECs and FMECs were matched respectively …
Market Reaction To Share Repurchases Announcements : An Empiricial Study Of Companies Listed On The Main Board Of Klse, Yu Ming Yap
Student Works (2000-2009)
This study examines the share prices behaviour surrounding the share repurchases programmes announcements by public listed companies listed on the main board of Kuala Lumpur Stock Exchange in Malaysia. f The sample of this study comprises of 48 companies and the period o study spans from 1 September 1997 to 15 October 2000. The impact of these announcements are determined by examining the market-adjusted abnormal returns and share returns of each company for 60 trading days surrounding the announcement day. Using standard event study methodology, this study documents an overall non-significant positive or negative market reaction surrounding the announcement day. …
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
Life Insurance Industry In Malaysia : A Case Study Of Great Eastern Life Assurance (Malaysia) Berhad, You Siang Ku
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 …
Time-Of-The-Month Effect In The Trading/Services Sector Of The Kuala Lumpur Stock Exchange, Say Yong Ng
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 …
The Strategic Management Of A Large Scale Information Technology Project In The Financial Services Sector, Foong Seng Chee
The Strategic Management Of A Large Scale Information Technology Project In The Financial Services Sector, Foong Seng Chee
Student Works (2000-2009)
Information Technology (IT) is one of the essential building blocks of modern organizations. Increasingly, IT is being used by innovative organization to facilitate the re-engineering of their business processes and in some instances to radically change the way in which they conduct business. Therefore, IT is no longer a technical problem but a business issues. IT strategy should be created to serve as a tool to implement an organization's business strategy and provide the company strategic advantage. The main purpose of this dissertation is to explore the issues surrounding IT strategy formulation and implementation especially in term of merging in …
Comparison Of Some Technical Indicators In The Kuala Lumpur Stock Exchange, Gin Hoe Lim
Comparison Of Some Technical Indicators In The Kuala Lumpur Stock Exchange, Gin Hoe Lim
Student Works (2000-2009)
Technical analysis is both highly controversial and widely used; some practitioners claim that it is profitable. They say that historical technical figures, such as the past behaviour of the stock's price, give them foresight into future price movements. Many others, however, claim that the practice of looking at past technical data to help predict the future is outlandish and most academics fall into this group. More and more writers are beginning to question whether technical analysis may serve as one tool available to those who want to trade profitably in the market. And this is the reason for this project …
A Comparative Study Of Islamic Unit Trust And Conventional Unit Trust In Malaysia : An Emphasis On Its Performance, Suhaili Sarif
A Comparative Study Of Islamic Unit Trust And Conventional Unit Trust In Malaysia : An Emphasis On Its Performance, Suhaili Sarif
Student Works (2000-2009)
The emergence of Islamic unit trust in the Malaysian unit trust industry is reflection of a strong desire among Muslims in general and investors in specific, to have a fund intermediary which is in compliance with Syariah principles. However, its implementation has only come into success after continuous effort and commitment from the government. Unfortunately after almost 10 years of operation in the market, Islamic unit trust has only managed to capture a minuscule proportion in the unit trust market, besides receiving several negative perceptions. This study tries to determine the significant similarities and differences between Islamic and conventional un …
Mekanisme Al-Murabahah Dan Al-Bay Bi-Thaman Ajil Dalam Sistem Pembiayaan Di Bank Islam Malaysia Berhad (Bimb), Mazran Mohd. Nazim
Mekanisme Al-Murabahah Dan Al-Bay Bi-Thaman Ajil Dalam Sistem Pembiayaan Di Bank Islam Malaysia Berhad (Bimb), Mazran Mohd. Nazim
Student Works (2000-2009)
This dissertation will discuss the mechanisme of interest-free financing applied in the famous islamic financial institution in Malaysia, Bank Islam Malaysia Berhad (BIMB). The two important mechanisme discussed are al-murabahah and al-bay bi-thaman ajil. The discussion will comprise the whole concept of the mechanisme fr.om the Islamic perspective and their application in the operation of Bank Islam Malaysia Berhad (BIMB).
Capital Structure, Financing Patterns And Financial Performances Of Kuala Lumpur Stock Exchange (Klse) Companies, Jin Ken Kam
Capital Structure, Financing Patterns And Financial Performances Of Kuala Lumpur Stock Exchange (Klse) Companies, Jin Ken Kam
Student Works (2000-2009)
This study has three main objectives. Firsttly, It examines how the capital structure or public listed companies in Malaysia differ accross time and industry. The companies are grouped acccording to KLSE's classification of companies. Secondly, the study looks into whether the financing of fixed assets is matched by long-term debt or covered by long-term capital. Thirrdly, it examines lhe effect of leverage on the performance of public listed companies in Mataysia over the past 10 years. The study uses the total debt to total asset ratio ta measure leverage. Financing patterns of companies are examined by using the total capitalization, …
Lembaga Tabung Haji : Suatu Kajian Sumbangan Terhadap Ekonomi Umat Islam Di Wilayah Persekutuan Kuala Lumpur, Tengku Aziz Raja Abdullah
Lembaga Tabung Haji : Suatu Kajian Sumbangan Terhadap Ekonomi Umat Islam Di Wilayah Persekutuan Kuala Lumpur, Tengku Aziz Raja Abdullah
Student Works (2000-2009)
TENGKU AZIZ BIN RAJA ABDULLAH - Pilgrimage Fund: An analysis on its contribution to Muslim community in Federal Territory, Kuala Lumpur. Dissertation for Usuluddin Faculty, Islamic Academy University Malaya, Kuala Lumpur. Pilgrimage Fund is a statutory body established to provide services among Muslim community in Malaysia especially in the haj management. The fund was set to assist Muslim in saving their money gradually to eventually perform haj or umrah. It was also responsible in expanding the saving through profitable investment for the benefit of depositors. Indirectly it has assisted in improving the economic level of Muslim community. To achieve this, …
The Response Of Bank Lending To Interest Rate Changes : The Case Of Malaysia, Cheong Guan Tee
The Response Of Bank Lending To Interest Rate Changes : The Case Of Malaysia, Cheong Guan Tee
Student Works (2000-2009)
This research paper is to examine the response of aggregate commercial bank lending to money market interest rate changes for the case of Malaysia. The study is based on quarterly data for the period from the first quarter of 1990 to the second quarter of 2000. The results show that the negative one-month and three-month money market interest rate shocks have negative effects on the aggregate commercial bank lending. On the other hand, the positive one-month and three-month money market interest rate shocks have positive effect on the aggregate commercial bank lending. This paper also finds evidence that the response …
The Effects Of Narrow Money On The Malaysian Economy, Shu Hui Wong
The Effects Of Narrow Money On The Malaysian Economy, Shu Hui Wong
Student Works (2000-2009)
The research of the effects of narrow money in the economy has been often and extensively done over the years. These include using Quantitative Theory of Money model and testing various types of monetary aggregates such as from narrow money to broad money to attest the relationship of money with the economic variables. Money has evolved from the form of barter trade to gold and to fiat money over the centuries. Today, in a modern world and advanced technology, the form of payments that has further enhanced the convenience of household, has transformed the society into a cashless society. Cashless …
Olg (Overlapping Generations Model) Simulations Of Social Security In Malaysia, Bee Bee Ong
Olg (Overlapping Generations Model) Simulations Of Social Security In Malaysia, Bee Bee Ong
Student Works (2000-2009)
This paper develops and simulates an Overlapping Generations Model (OLG) to investigate the macroeconomic impact of social security. We compare the simulation results of the OLG model with and without social security. Calibrated simulations of both the OLG models with and without social security yield steady states path for macroeconomic variables such as capital stock, productivity output, savings, wages, real interest rates and consumption. When social security contribution rates increase, the path of macroeconomic variables will also change accordingly. Thus, employee social security tax reductions will have an impact on the economy. When the rate of population growth changes continuously, …
Macroeconomic Responses To Oil Price Changes And Volatility, Fui Kiun Soong
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 …
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 …
A Study On Customer Relationship Management In The Banking Sector In Malaysia, Donny Yhew Chjuan Lim
A Study On Customer Relationship Management In The Banking Sector In Malaysia, Donny Yhew Chjuan Lim
Student Works (2000-2009)
In this era of marketing, which is known as the relationship era, customers are identified as the main determinant of success for a business. Hence, corporations are tailoring their products and services to suit their customers' need and demand. This leads to the introduction of Customer Relationship Management (CRM). CRM is best defined as a technology based business strategy whereby companies leverage increased customers' knowledge to build profitable relationships, based on optimising value delivered and realised from their customers. With the introduction of the CRM concept to the banking industry, it was perceived that the responses to customers' queries have …