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Student Works (2000-2009)

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Full-Text Articles in Finance and Financial Management

Retail Customers' Perception Towards Internet Banking In Malaysia, Suliman Adam Jan 2001

Retail Customers' Perception Towards Internet Banking In Malaysia, Suliman Adam

Student Works (2000-2009)

Banking Institutions (Bis) have entered into an Internet Banking (IB) era following Bank Negara Malaysia's decision to allow domestic Bis to set up their IB services commencing 1 June 2000. Foreign Bis were given permission to set up communicative website beginning from 1 January 2001 and a full-fledged IB from 1 January 2002 onwards. A survey performed on 169 respondents indicated 27 .8% of the respondents are IB users. The most dominant profile of IB users based on the survey is single Malay male with tertiary/professional qualification. They are mostly Government servants with disposable incomes ranging from RM1 ,000 to …


Eva Evidence On Public Listed Companies In Malaysia, Walter Lo Jan 2001

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


Survival Strategy Of Sunway Construction Berhad In 1997 Financial Crisis, Kok Leong Chow Jan 2001

Survival Strategy Of Sunway Construction Berhad In 1997 Financial Crisis, Kok Leong Chow

Student Works (2000-2009)

Over dependence on the domestic market and government projects and lack of international exposure are the weaknesses of Sunway Construction Berhad, (SWCB), leading to being hit badly by the 1997 financial crisis. The financial crisis has only help to expose such weaknesses . The lack of marketing strategy and over-emphasis on closing of sale (Bidding of tender) do not help to face the challenges of the new business environment, such as trade liberalization ,merger and acquisitions, new entrants and Gatt's and protectionism. To survive well and to maintain growth, it is essential for SWCB to strengthen its competitive advantages and …


Bridging The Gap Between Business And Technology : Bumiputra-Commerce's Approach, Anitha Poopalasingam Jan 2001

Bridging The Gap Between Business And Technology : Bumiputra-Commerce's Approach, Anitha Poopalasingam

Student Works (2000-2009)

This paper studies the approaches Bumiputra-Commerce Bank (BCB) used to bridge, transform and reposition itself after the recent merger. The reason BCB was chosen was because it was the first bank to complete the merger exercise and because of the various challenges faced due to the size and complexities of its operations. The evolution of the banking and financial industry is addressed in the paper and evaluates how BCB has repositioned and re-aligned itself in the industry's financial landscape. The transformation of BCB from the 41h to the 5th Generation of Banking to the E-Banking initiatives is also identified. In …


Consumers' Awareness Of Internet Banking - A Survey In Kuala Lumpur And Ipoh, See Yan Chan Jan 2001

Consumers' Awareness Of Internet Banking - A Survey In Kuala Lumpur And Ipoh, See Yan Chan

Student Works (2000-2009)

The purpose of this research paper was to investigate the consumer's awareness on Internet banking in Kuala Lumpur and Ipoh. The dependent variable in this study was awareness (knowledge and perception), and the independent variables considered were age, gender, job level and education level. The data collection method is a 47-item questionnaire. A convenient sample of 100 respondents in Kuala Lumpur and 50 respondents in Ipoh at shopping malls were chosen for this study. The data analysis to test the several hypotheses included the use of Pearson correlations, t-tests and ANOVA test. The results showed that job level, education level …


Does The Value Investing Strategy Outperform The Klci? : (Empirical Refutation Against The Efficient Market Hypothesis In Its Semi-Strong Form), Jee Mun Wong Jan 2001

Does The Value Investing Strategy Outperform The Klci? : (Empirical Refutation Against The Efficient Market Hypothesis In Its Semi-Strong Form), Jee Mun Wong

Student Works (2000-2009)

A value strategist is a fund manager who seeks to buy stocks that are a discount to their fair value and sell them· in excess of that value. Value strategists see value where many other market participants do not. Value investing strategy was popularized by Benjamin Graham and later, his protégé Warren Buffett. Graham, a finance professor, taught security analysis at Columbia University and retired a millionaire as a result of his investments in the NYSE. Together with David Dodd, he laid out the analytical framework for investing in stocks that are cheap on the basis of their underlying assets. …


Holiday Effect : A Decade Of Change In The Performance Of The Kuala Lumpur Stock Exchange, Rina Bee Yan Tong Jan 2001

Holiday Effect : A Decade Of Change In The Performance Of The Kuala Lumpur Stock Exchange, Rina Bee Yan Tong

Student Works (2000-2009)

This empirical research investigates the holiday effect in the Kuala Lumpur Stock Exchange (KLSE) using three daily stock indices: Kuala Lumpur Stock Exchange Composite Index (KLSE Cl), Exchange Main Board All-Share Index (KLSE EMI), and Kuala Lumpur Stock Exchange Second Board Index (KLSE SBI) over the period January 1990 to June 2001. The results show abnormally high pre­holiday returns which predominate only on the single trading day immediately prior to holidays and the pre-holiday fraction of positive return is found significantly higher for all three indices. On the other hand, the post-holiday returns are higher than normal trading days but …


A Comparative Analysis Of Conventional Insurance And Islamic Insurance (Takaful) In Malaysia : An Emphasis On Pricing Issues, Kamaruzaman Noordin Jan 2001

A Comparative Analysis Of Conventional Insurance And Islamic Insurance (Takaful) In Malaysia : An Emphasis On Pricing Issues, Kamaruzaman Noordin

Student Works (2000-2009)

The existence of commercial contract of insurance since long time ago has greatly alleviated the impact of fortuitous happenings upon unfortunate community. This is due to its primary objective which is to provide a necessary economic security against unexpected catastrophes through the concept of risk sharing and mutual co-operation. Nevertheless, the conventional contract of insurance, which is based on the contract of sales, has been declared by most Muslim jurists as invalid from the sight of Shari'ah. Alternatively, they have come up with the idea of takaful which is based on the contract of donation (tabarru). Yet, many Muslims are …


A Comparative Study Of Islamic Unit Trust And Conventional Unit Trust In Malaysia : An Emphasis On Its Performance, Suhaili Sarif Jan 2001

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 …


Capital Structure, Financing Patterns And Financial Performances Of Kuala Lumpur Stock Exchange (Klse) Companies, Jin Ken Kam Jan 2001

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 Jan 2001

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, …


Sistem Perbankan Bersepada (Islam), Abu Bakar Nurainah Jan 2001

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 …


Sistem Tuntutan Kewangan Staf, Abdullah Sajat Muhaini Jan 2001

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.


Life Insurance Industry In Malaysia : A Case Study Of Great Eastern Life Assurance (Malaysia) Berhad, You Siang Ku Jan 2001

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 Jan 2001

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 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 Jan 2001

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 …


The Strategic Management Of A Large Scale Information Technology Project In The Financial Services Sector, Foong Seng Chee Jan 2001

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 …


Market Reaction To Share Repurchases Announcements : An Empiricial Study Of Companies Listed On The Main Board Of Klse, Yu Ming Yap Jan 2001

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. …


Mekanisme Al-Murabahah Dan Al-Bay Bi-Thaman Ajil Dalam Sistem Pembiayaan Di Bank Islam Malaysia Berhad (Bimb), Mazran Mohd. Nazim Jan 2001

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).


Comparison Of Some Technical Indicators In The Kuala Lumpur Stock Exchange, Gin Hoe Lim Jan 2001

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 Analysis Of Conventional Banking System And Islamic Banking System In Malaysia In Relation To Loan Repayments, Baharin Salim Abdullah Sep 2000

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 …


Performance Comparison Between Bank Islam Malaysia Berhad (Bimb) And Conventional Banks, 1989-1999, Chiu Sian Nee Alison Jan 2000

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 …


The Role Of The State In Economic Development : A Case Study Of Johor, Malaysia, Wei Lin Tan Jan 2000

The Role Of The State In Economic Development : A Case Study Of Johor, Malaysia, Wei Lin Tan

Student Works (2000-2009)

Johor is one of the fastest growing stales in Malaysia. Its strong economic growth is very much to the credit of the state; in one form or another, the government intervened, systematically and through multiple channel to foster development. In relation to this, the study found that the state has not only created a business-friendly environment where the legal and regulatory structure was generally hospitable to private investment. the state has also established clear performance criteria for selective interventions and to monitor performance. In other words, intervention has taken place in disciplined and performance- based criteria. The State has been …


The Selective Capital And Exchange Controls In Malaysia : A Malaysian Perspective, Muhamad Shukri Abdul Rani Jan 2000

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 …


Nonperforming Loans In Banking And Financial Sector, Ning Ning Chang Jan 2000

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 …


Regulatory Reforms In The Malaysian Telecommunications Sector, Wai Ching Poon Jan 2000

Regulatory Reforms In The Malaysian Telecommunications Sector, Wai Ching Poon

Student Works (2000-2009)

The Malaysian telecommunications sector was privatized in 1987. A crucial ingredient in the success of the privatization of any telecommunications sector is the accompanying regulatory reforms. The main objective of this study is to examine the regulatory reforms that have taken place in the Malaysian telecommunications sector. Shifting the provision of telecommunications services operations away from the government makes it easier for the sector to achieve greater efficiency and possibly freedom from political intervention. This process can be further strengthened by innovative financing and investment strategies. In reality, firms are much better informed than the regulator. The key concept of …


The Impact Of The Travel Account On The Malaysian Balance Of Payments, Goh Mei Lee Jan 2000

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 …


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 …


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 …


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 …