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Full-Text Articles in Finance

Esg, Institutional Investors, And Financing Constraints: Evidence From Chinese Listed Companies, Zhu Yinquan Mar 2026

Esg, Institutional Investors, And Financing Constraints: Evidence From Chinese Listed Companies, Zhu Yinquan

Student Works (2020-2029)

This thesis examines the relationship between Environmental, Social, and Governance (ESG) performance and financing constraints, placing particular emphasis on the moderating role of institutional investors in listed Chinese firms. Drawing on information asymmetry theory, the study argues that ESG performance can reduce financing constrains by narrowing informational discrepancies between firms and external capital providers. While prior research has largely focused on the direct effects of ESG on financing, limited attention has been given to the ways in which institutional investors who are both major users of ESG information and active participants in corporate governance shape this relationship. China’s capital market …


The Role Of Non-Governmental Organisations In Social Sustainability: The Case Of Maybank, Fatin Amirah Suhaimi Mar 2021

The Role Of Non-Governmental Organisations In Social Sustainability: The Case Of Maybank, Fatin Amirah Suhaimi

Student Works (2020-2029)

This study attempts to understand the roles of secondary stakeholders, namely the NGOs, in the dimensional perspective of social sustainability. It also investigates communication strategies evolved over the years by the NGOs in social sustainability and to the extent of which such communications are able to exert their influences on the banking industry in Malaysia. This is a case study concept and uses secondary data as a data collection. The qualitative content analysis is performed to validate a theoretical framework using data from Twitter and online news that is related to the subject of this study, which is the Malayan …


Moderating Role Of Gender Diversity Over The Nexus Between Board Characteristics And Earnings Management In Malaysia, Tonoy Roy Feb 2021

Moderating Role Of Gender Diversity Over The Nexus Between Board Characteristics And Earnings Management In Malaysia, Tonoy Roy

Student Works (2020-2029)

In a large number of studies, it has been found that accounting manipulation is more prone to exist among the financially distressed companies. The manipulation moves were taken by the top management to portray a rosy picture of the firm


Aggregate Stock Liquidity Of Bursa Malaysia, Liew Ping Xin Dec 2020

Aggregate Stock Liquidity Of Bursa Malaysia, Liew Ping Xin

Student Works (2020-2029)

Liquidity plays a crucial role in the functioning of secondary stock markets. However, little is known about the liquidity condition and how trading activities of different investor groups affect liquidity in the Malaysian stock exchange. This thesis focuses on three aspects of Malaysian stock market liquidity, namely, aggregate liquidity in the context of foreign equity flows, higher-order statistical moments of liquidity in the context of proprietary day trading, and, the liquidity connectedness of stock, bond, money and foreign exchange markets. First, this thesis examines the impact of gross foreign equity inflows on aggregate liquidity in a Vector Autoregression framework using …


Financial Management And Financial Well-Being Of Newly Married Couples: Practices And Knowledge, Leylawati Joremi Dec 2020

Financial Management And Financial Well-Being Of Newly Married Couples: Practices And Knowledge, Leylawati Joremi

Student Works (2020-2029)

Prudent financial management is a critical factor to achieve better financial well-being. The failure of many individuals in managing their finances, resulting in bankruptcy, distress and divorce. Recognizing the importance of financial management practices as a roadmap towards future financial well-being, a study on young and newly married couples is imperative. This study intends to attain a profound understanding of financial management practices among urban Malays young couples. This study also deliberates the understanding of these couples on financial well-being. It takes the phenomenological approach and analyses qualitative data collected through a series of in-depth interviews. The interviews explore the …


House Ownership In Selangor: A Qualitative Study On Consumers Preferences And Challenges, Packeer Mohamed Nur Syafiqah Jun 2020

House Ownership In Selangor: A Qualitative Study On Consumers Preferences And Challenges, Packeer Mohamed Nur Syafiqah

Student Works (2020-2029)

The residential real estate market in Selangor offers diverse house types following the fact that the state has highest number of workers. It is important for a proper decision-making process by taking consider a few factors such as financial and neighbourhood factors in a house purchase. Based on residential housing market data in Selangor, Petaling district was found to have the most purchases and the 2 to 2 and a half storey house type is the most purchased out of the variety, and there are also cases where there are completed houses that were not purchased by the residents, even …


Classification Of Dividend News Based On The Movement Of The Share Market Prices Of Public Listed Companies In Bursa Malaysia, Vijaya Kumar Shubana May 2020

Classification Of Dividend News Based On The Movement Of The Share Market Prices Of Public Listed Companies In Bursa Malaysia, Vijaya Kumar Shubana

Student Works (2020-2029)

Stock market is naturally complex and plays a major role in towards the nation’s growth. However, the performance of a company in stock market varies due to many influences but not limited to economics, political and financial related news. This study attempts to classify the share market dividend news announcement in Bursa Malaysia based on the pattern of share market price. Samples including five hundred (500) observations of dividend news from forty-seven (47) listed companies in Bursa Malaysia during the period of 2000 to 2018 are used in this study. There are three (3) main objectives in this study which …


Stock Liquidity Of Malaysian Public Listed Firms, Yee Ee Chia Apr 2020

Stock Liquidity Of Malaysian Public Listed Firms, Yee Ee Chia

Student Works (2020-2029)

This thesis is motivated by the limited research on the liquidity of Malaysian public listed firms, the growing number of liquidity horseraces, the recent data commercialization by Bursa Malaysia, and liquidity-enhancing policies being spearheaded mainly by stock exchange regulators in emerging markets. By assembling information that covers 1250 public listed non-financial firms over 2000–2015, the thesis conducts three empirical analyses on the determinants of firm liquidity and the effects of higher liquidity on firm valuation, where liquidity is proxied by the “Closing Percent Quoted Spreads” (CPQS). First, the thesis revisits the standard liquidity model and advocates the inclusion of shareholder …


Improving Bank's Attitude Towards Financing The Small And Medium Enterprises (Smes) : A Case For Malaysia., Susana Mohd Nasir Jul 2011

Improving Bank's Attitude Towards Financing The Small And Medium Enterprises (Smes) : A Case For Malaysia., Susana Mohd Nasir

Student Works (2010-2019)

This study examines the relationship between bank’s attitude and access to financing for SME companies for Malaysian local banks. It is evidence that large part of the private sectors consist of SMEs in Malaysia. The role of SMEs in economic growth has become more important than ever in line with the government envisioned New Economic Model. There is substantial evidence that SMEs face larger growth constraints and have less access to financing. Using data collected from lending officers from local banks, we examine the banks practices in evaluating the SME financing. We found that banks attitude affects SME access to …


Bank Efficiency In Selected Asean Countries : Does Size Matters?., Loh Han Chuen Jun 2011

Bank Efficiency In Selected Asean Countries : Does Size Matters?., Loh Han Chuen

Student Works (2010-2019)

This thesis focuses on assessing the bank efficiency and productivity in selected ASEAN countries to determine the relationship between the bank size and bank efficiency. By employing banks from 4 different developing countries in ASEAN countries, namely, Malaysia, Philippines, Thailand and Vietnam, a two-stage non-parametric technique incorporating non-discretionary variable is used in building the model. The data set obtained to fulfil this study is based on 74 banks located in the 4 different countries over the period of 2005 to 2009. Based on the input and output variables, a bank specific variable which is the bank size determined by the …


Non Interest Income In Bank Diversification : Evidence From Malaysia., Sasongko Yudho Prakoso Jan 2011

Non Interest Income In Bank Diversification : Evidence From Malaysia., Sasongko Yudho Prakoso

Student Works (2010-2019)

This study uses the aggregate data in analyzing revenue volatility in the banking institutions. It uses the individual bank data in analyzing the determinants of non interest income and determinants of bank performance. The result shows that the volatility of revenue is reduced after the time of banking crisis in 1998 due to the relatively stable condition of non interest income stream. The bank size, bank risk, bank funding strategy, macro economy and stock market contribute significant relationship to the non interest based income generating activities. The diversification through non interest based activities shows negative relationship to the bank performance.


Equity Valuation Methods Of Analysts In Malaysia : A Study Of Financial Analyst Coverage Of Airasia Berhad 2007-2011., Intan Suraya Hashim Jan 2011

Equity Valuation Methods Of Analysts In Malaysia : A Study Of Financial Analyst Coverage Of Airasia Berhad 2007-2011., Intan Suraya Hashim

Student Works (2010-2019)

This study examined the valuation methods used by sell-side financial analysts to value AirAsiaBerhad’s (AirAsia) shares. Using content analysis methodology and a survey of analysts who were covering the share, earningsbased valuations appeared to be dominant when AirAsia reported a profit and asset-based valuations appeared to be dominant when AirAsia reported a loss. Our results suggested that the Price-to-Earnings (P/E) ratio is analysts’ preferred earnings-based valuation method. However, we could not conclusively identify their preferred asset-based valuation method. Our results also indicated that analysts changed valuation methods during their coverage of AirAsia’s shares, switching between earnings-based and asset-based valuations as …


Hedging Effectiveness In Crude Palm Oil Market., Rozaimah Zainudin Jan 2011

Hedging Effectiveness In Crude Palm Oil Market., Rozaimah Zainudin

Student Works (2010-2019)

Abstract NA


Identification Of Optimal Currency Areas In East Asia : A Clustering Approach., Quah Chee Heong Jan 2011

Identification Of Optimal Currency Areas In East Asia : A Clustering Approach., Quah Chee Heong

Student Works (2010-2019)

Today, a number of the fastest growing and largest economies in the world are located in East Asia. The theme of a monetary union in East Asia which had been in the limelight for years following the 1997–98 Asian crisis has recently revived due to the global economic crisis. Viewed in this light, this study attempts to assess the appropriateness of monetary integration among the East Asian economies according to the theory of optimum currency areas (OCA) criteria, operationalized through the use of cluster analysis. Besides the OCA criteria, the convergence criteria of the Maastricht Treaty are also examined. The …


The Firm-Specific Determinants Of Corporate Debt Maturity : A Study Of Malaysian Firms., Amirali Moeini Chaghervand Jan 2011

The Firm-Specific Determinants Of Corporate Debt Maturity : A Study Of Malaysian Firms., Amirali Moeini Chaghervand

Student Works (2010-2019)

The study investigates the empirical determinants of debt maturity structure, using a panel data set of non-financial Malaysian firms. The results, which are based on 1300 firm-year observations for 260 Malaysian firms in the period 2005-2009, generally support the role of agency cost of debt and asymmetric information as major determinants of debt maturity choice of firms in Malaysia. The results of the study lend considerable support to the notion that size, asset maturity, and leverage have significant positive effects in extending the maturity of debt employed by Malaysian firms. The findings also reveal that firm quality and liquidity risk …


Corporate Image, Service Quality, Customer Perceived Value, Relationship Quality And Its Effect On Switching Intention Among Islamic Banking Customers In Malaysia., Nor Hashima Hashim Jan 2011

Corporate Image, Service Quality, Customer Perceived Value, Relationship Quality And Its Effect On Switching Intention Among Islamic Banking Customers In Malaysia., Nor Hashima Hashim

Student Works (2010-2019)

Abstract NA


The Effect Of Financial Literacy On Saving : A Study On Malaysian Population., Saleh Tabiani Dec 2010

The Effect Of Financial Literacy On Saving : A Study On Malaysian Population., Saleh Tabiani

Student Works (2010-2019)

Personal saving is valuable for the whole nation. Saving of today, affects the consumption of future, because the saved money is invested in financial assets and goes through investments in industries, factories, prosperities, and other kinds of investment that is necessary for country’s growth. Saving also can help the country recover from financial crisis more easily. In this study the factors that are likely to increase personal saving are measured. These factors include the financial literacy of individuals, saving motivation, and socio-demographic characteristics such as, age, gender, ethnicity, number of children, nationality, income, and education level. The main focus of …


The Initial And Aftermarket Performance Of Ipos In An Emerging Market : The Case Of Malaysian Stock Exchange., Ricky Wong Baan Wahh Nov 2010

The Initial And Aftermarket Performance Of Ipos In An Emerging Market : The Case Of Malaysian Stock Exchange., Ricky Wong Baan Wahh

Student Works (2010-2019)

The study of initial public offering (IPO) underpricing and its post-listing underperformance has been one of those issues that are never laid to rest. The ongoing quest for the reasons behind IPO underpricing and its subsequent poor post-listing returns is what motivates this paper to study these anomalous market behaviours in an emerging market setting such as Malaysia. The primary purpose of this paper is to analyze the existence and magnitude of the underpricing phenomenon and post listing performance of IPOs listed in Bursa Malaysia from 1998 to 2008. Moreover, this study aims to provide an insight primarily into the …


Independent Financial Adviser : Key Factors For Engagement In Malaysia., Wan Azrul Wan Zainal Abidin Nov 2010

Independent Financial Adviser : Key Factors For Engagement In Malaysia., Wan Azrul Wan Zainal Abidin

Student Works (2010-2019)

This study aims to investigate the key factors for engagement of the Independent Financial Adviser (IFA) in Malaysia. The objective of this study is to identify the key factor for the Malaysian public to engage the service of an IFA and their preference for the delivery of service by the IFA. This is in accordance to the initiative of the Malaysian Financial Sector Master Plan (FSMP) introduced in 2001. The finding of this research is important to the Malaysian consumer and the IFA since they would be able to mutually benefit from the understanding of how each fits into the …


Investor Knowledge And Investment Barriers., Steven Doman Jul 2010

Investor Knowledge And Investment Barriers., Steven Doman

Student Works (2010-2019)

The world of investing in the various products related to the stock and bond markets is confusing for many people. This is a problem since financial investments often represent a large portion of an individual’s personal assets. As regulators begin to search for answers about what caused the economic crisis of 2008-2009 and try to pass regulations that will prevent it from happening again, investors will continue to look to the products of investment firms to help accomplish their financial goals. Unfortunately for investors, many will continue to choose investments based on very limited personal knowledge. Investment firms will in …


Firm Value And The Tax Benefits Of Debt : A Study On Public Listed Company In Malaysia., Izam Syaharadzi Ahmad Sofian Jun 2010

Firm Value And The Tax Benefits Of Debt : A Study On Public Listed Company In Malaysia., Izam Syaharadzi Ahmad Sofian

Student Works (2010-2019)

This study has three main objectives. First, to empirically defines the relationship between firm value and debt of Public Listed Company in Malaysia once endogeneity of contemporaneous debt is corrected. Secondly the study looks into the possibility impact of alternative theories such as Free Cash Flow and Debt Signaling Hypotheses to the relationship between firm value and debt. Finally, it examines the influence of managerial ownership towards firm value and how it affects the benefits of debts. This study uses interest expense scaled by total assets as proxy of debt. The relationship between firm value and debt is statistically tested …


Forex Market Behaviour : Application Of High Frequency Data., Tan Heng Kiat May 2010

Forex Market Behaviour : Application Of High Frequency Data., Tan Heng Kiat

Student Works (2010-2019)

The huge and high frequency trading in foreign exchange market creates the need for an analytical method that can provide a view on the volatility. Traditional methods such as GARCH are proven to have limitations when applied to high frequency data, such as those generated in foreign exchange market.In this thesis, wavelet method is applied to high frequency data of EURO/USD, GBP/USD and YEN/USD currency pairs and of one minute resolution. The period of this behavioral study is from one hour before 1pm GMT to one hour after 1pm GMT for every Mondays from June 2008 to Dec 2008. The …


A Case Study On The Credit Guarantee Scheme., Mohd Rizal Zubair Apr 2010

A Case Study On The Credit Guarantee Scheme., Mohd Rizal Zubair

Student Works (2010-2019)

A brief description of Bank Perusahaan Kecil dan Sederhana Malaysia Berhad (SME Bank) and Credit Guarantee Scheme (CGS) Bank Perusahaan Kecil dan Sederhana Malaysia Berhad or better known as SME Bank was established more than 30 years ago as Bank Industri dan Infrastruktur Malaysia Berhad. SME Bank is a Development Financial Institution and 100% owned by Ministry of Finance Incorporated and Ministry of Industrial and International Trade acts as the Supervising Ministry. As a Government Agency, SME Bank has its mandated role to provide financing as well as financial and business advisory services to Malaysian SMEs residing within predefined categories …


Al-Athar Al-Waridah Fi Al-Buyu' Al-Ribawiyah Fi Musannaf 'Abd Al-Razzaq : Takhrij Wa-Ta'liq., Bahaeeddine Mohamed Nidious Jan 2010

Al-Athar Al-Waridah Fi Al-Buyu' Al-Ribawiyah Fi Musannaf 'Abd Al-Razzaq : Takhrij Wa-Ta'liq., Bahaeeddine Mohamed Nidious

Student Works (2010-2019)

This is the summary of the thesis submitted to the depa11tnent of al-Quran and al­Hadith in Academy Islam in University of Malaya for the Master Degree of Usuluddin. The researcher divided his research into 4 chapters stating in the first one the research problem, objectives, methodology, structure and previous studies, the researcher talked in the second chapter about Abd al-Razzaq and his book Al­Mussanaf, then the researcher defined in the third chapter al-Bay', al-Riha and their rules in Islam. Whereas the researcher examined in the fourth chapter the authenticity of al-Buyu' al-Ribawiyyah in the Book of Mussanaf Abd al-Razzaq, which …


Feasibility Study Of Implementing Islamic Financial Instruments In China, Hassan Xiao Yi Ma Jan 2002

Feasibility Study Of Implementing Islamic Financial Instruments In China, Hassan Xiao Yi Ma

Student Works (2000-2009)

The conventional financial system has being designed to channel the investable funds to where the highest return is offered rather than where it is mostly needed. Under such system the financial sector is gradually deviated from its normal purpose i.e. bridging the surplus funds to the deficit to forester better productive activities. Such deviation has nurtured a great number of short term oriented speculators rather than long term minded investors. Such overly speculative activities have caused instability to the economies and contributed to the financial crisis. After the Asian financial crisis people are calling for reforming the current global financial …


Klse Stocks Reaction To Bonus And Rights Issues, Huay Shien Ooi Jan 2002

Klse Stocks Reaction To Bonus And Rights Issues, Huay Shien Ooi

Student Works (2000-2009)

This is a study on the announcement effect of bonus and rights issues in the KLSE market from 1991 to March 2001. This study also tests the distribution ratio impact, board of listing impact and observes if there is any change in the pattern of abnormal return for the issues before and after the currency crisis in 1997. I have found that there is a positive price reaction to both the bonus and rights issues announcement. All the bonus and rights issues distributions ratios generate a positive cumulative abnormal. However, a higher distribution ratio generates a higher cumulative abnormal return …


Returns And Volatility In The Malaysian Stock Market : A Sectoral Study On Day-Of-The-Week Effects And Causal Relationship, May Wand Foo Jan 2002

Returns And Volatility In The Malaysian Stock Market : A Sectoral Study On Day-Of-The-Week Effects And Causal Relationship, May Wand Foo

Student Works (2000-2009)

This study examines the existence and persistency of the day-of-the-week effects on market trading returns and volatility in the overall market, both Main Board and Second Board and 9 sectors in the Kuala Lumpur Stock Exchange. Empirical results reveal that seasonality exists in the return of whole market and all the sectors with Monday effect the most prominent. A trend of low and negative returns at the beginning of the week and high and positive returns at the end of the week is found. The day-of-the-week effects are found to persist in the stable market Findings also indicate that the …


Month-Of-The-Year And Firm Size Effects On The Kuala Lumpur Stock Exchange, Chin Sei Hii Jan 2002

Month-Of-The-Year And Firm Size Effects On The Kuala Lumpur Stock Exchange, Chin Sei Hii

Student Works (2000-2009)

The main purpose of this study is to empirically investigate the existence of seasonality in monthly stock returns and the relationship between seasonal return and firm size effect in the Malaysian equity mark.et. The sample consists of six Kuala Lumpur Stock Exchange (KLSE) sectoral indices and Kuala Lumpur Composite Index (KLCI) for the period from January 1987 to December 2001. The main finding of the study is that seasonality according to the Gregorian calendar is present in the Malaysian stock market which is mainly manifested as a January effect. The January returns have been found to be high and are …


Evidence Of Short-Run Persistence In Unit Trusts Performance In Malaysia, Chien Hwa Chong, Puay Eng Kho Jan 2002

Evidence Of Short-Run Persistence In Unit Trusts Performance In Malaysia, Chien Hwa Chong, Puay Eng Kho

Student Works (2000-2009)

The objective of this research is to determine whether there is statistical evidence in performance persistence of Malaysia unit trusts. Tests for performance persistence is also tests for weak form market efficiency of unit trusts in Malaysia. The study is also of practical value since performance persistence indicates that past performance is good prediction of future performance. If there was statistical evidence on performance persistence, then Investors should select the unit trusts to invest based on past performance of the unit trusts. Both parametric and non-parametric statistical tests were carried out to test for performance persistence. Parametric tests employed the …


Faktor Yang Mempengaruhi Pasaran Wang Di Malaysia Serta Kesannya Ke Atas Dasar Kewangan, Azlina Abd. Aziz Jan 2002

Faktor Yang Mempengaruhi Pasaran Wang Di Malaysia Serta Kesannya Ke Atas Dasar Kewangan, Azlina Abd. Aziz

Student Works (2000-2009)

Penyelidikan ini bertujuan untuk mengkaji foktor-faktor yang mempengaruhi pa.saran wang di Malaysia, khususnya bagi permintaan dan penawaran wang serta kesannya ke atas pelaksanaan dasar kewangan di Malaysia. Agregat kewangan M1, M2 clan M3 sebagai pembolehubah bergantung bagi permintaan dan penawaran wang. Bagi melihat apakah faktor yang mempengaruhi permintaan wang, sebanyak lima pembolehubah bebas digunakan yang terdiri daripada pendapatan benar, kadar diskaun purata Bil Perbendaharaan 3 bulan, kadar inflasi, hasil Bil Perbendaharaan Amerika Syarikat 3 bulan dan jangkaan kadar depresiasi. Bagi pen.awaran wang, antara petunjuk yang digunakan sebagai pembolehubah bebas terdiri daripada pendapatan benar, kadar bunga deposit bermasa 6 bulan di …