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- Banking consolidation; Anchor banks; Banking performance; Financial crisis; Malaysia (2)
- Active Server Page (ASP); zakat; e-zakat; online transaction (1)
- Amanah Saham Kedah; Stock exchanges; Religious aspects; Islam; Trust companies; Kedah (1)
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- Day-of-the-week effect; stock market returns; market volatility; Kuala Lumpur stock exchange; market risk (1)
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- Fundamental analysis; Graham's investment criteria; Portfolio performance; Security valuation; Kuala Lumpur Stock Exchange (1)
- Holiday Effect; Kuala Lumpur Stock Exchange (KLSE); Stock Returns; Calendar Anomalies; Market Efficiency (1)
- Investment; Islamic economics; Profit and loss sharing; Islamic banking; BIMB Holdings Berhad (1)
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- Islamic unit trust; Investment performance; Risk-adjusted performance; Portfolio diversification; Malaysia (1)
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Articles 1 - 30 of 33
Full-Text Articles in Finance
Feasibility Study Of Implementing Islamic Financial Instruments In China, Hassan Xiao Yi Ma
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
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
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
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
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
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 …
A Study Of Benjamin Graham's Stock Selection Criteria In The Kuala Lumpur Stock Exchange, Lee Fah Thong
A Study Of Benjamin Graham's Stock Selection Criteria In The Kuala Lumpur Stock Exchange, Lee Fah Thong
Student Works (2000-2009)
The fundamentalists believe that all securities have an intrinsic value, which can differ from its market price and eventually. the market price of a security will gravitate towards its true value. Graham believed that even though securities market could be overall efficient. any conscientious investor could gain superior returns through pockets of inefficiencies by paying close attention to investment fundamentals and taking advantage of undervaluation and mispricing of individual securities. He also proposed ten selection criteria to identify underpriced securities. The study aims to investigate whether the portfolios formed using Grahams selection criteria could achieve superior performance in the Kuala …
The Relationship Between Stock Returns And Inflation In Malaysia, Soke Ling Mau
The Relationship Between Stock Returns And Inflation In Malaysia, Soke Ling Mau
Student Works (2000-2009)
This study starts out with an introductory chapter covering the relationship between nominal and real stock returns with inflation in a general view. Economists are still puzzled on the positive and negative relationship between stock returns and inflation as many empirical results suggest varied conclusions. The second chapter is the literature review, which consists of a few well-known authors with their own theories and hypotheses. The core 3 discussion in this chapter refers to the classical view on stock returns and inflation in 1930 and post -Keynesian view on stock returns and inflation from 1970 till 2001. Chapter Three focuses …
The Role Of Government In Managing Corporate Distress After The 1997 Financial Crisis : Theories And Case Studies Of Selected Malaysian Corporations, Sook Ching Wong
The Role Of Government In Managing Corporate Distress After The 1997 Financial Crisis : Theories And Case Studies Of Selected Malaysian Corporations, Sook Ching Wong
Student Works (2000-2009)
The 1997 Asian financial crisis reversed over two decades of unprecedented and amazing economic growth in the eight High-Performing Asian Economies (HPAEs) including Malaysia. The interwoven relationship of banks and corporations have created a symbiosis that can be extreme in its effects. Given the circumstances facing these corporations, it may be imperative and therefore justifiable for some appropriate government intervention to check and reverse problems of insolvency, bankruptcy and declining real output. There are numerous means of assisting financially distressed corporations, some more effective than others, often depending on circumstances. "Success" or "failure" depends on the magnitude of assistance, how …
Bon Islam : Kajian Ke Atas Bon Mudharabah Cagamas, Rohayu Omar
Bon Islam : Kajian Ke Atas Bon Mudharabah Cagamas, Rohayu Omar
Student Works (2000-2009)
The emerging of Islamic bond in the Islamic financial system is arised from the impact of deep understanding and well received among the Islamic society towards the Islamic instrument. The Islamic bond is set up by a group of enthusiatic Islamic economist practice in finding alternative to replace the conventional bond which had been rooted long time in the financial economic system. Beside to fulfil the vital need of Islamic economic. Despite of having some progress which motivate the new era of Islamic financial system, there are some in the community who are not sure and untrustfully about the operation …
The Relationship Between Ownership Structure And Firm Value In The Financial Sector, Beng Yee Tan
The Relationship Between Ownership Structure And Firm Value In The Financial Sector, Beng Yee Tan
Student Works (2000-2009)
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"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. …
Amanah Saham Kedah (Ask) : Satu Penilaian Dari Perspektif Hukum Muamalat, Azizi Abu Bakar
Amanah Saham Kedah (Ask) : Satu Penilaian Dari Perspektif Hukum Muamalat, Azizi Abu Bakar
Student Works (2000-2009)
Economic harmony is among the main factors that contribute towards peaceful life, worldly and in the hereafter. Even though conventional financing system has dominated and thus inspired the Muslim community for centuries, the emergence of the Islamic economic system, especially Islamic Unit Trust in Islamic equity market has captured public attention. In this regard, the writer will confer more highlight on the Islamic Unit Trust Industry and Amanah Saham Kedah {ASK), which is one of the major funding management institution in the country. The research on the ASK was concluded with intention to have a clear in-sight on the portfolio …
The Implications Of The Malaysia Bank Merger Exercise, Mersy L. John, Meo Sing Teo
The Implications Of The Malaysia Bank Merger Exercise, Mersy L. John, Meo Sing Teo
Student Works (2000-2009)
The impetus to undertake this research project began about 2 years ago when we commenced our MBA programme. We became aware of the challenges facing the domestic banks in their quest to strengthen the banking sector to be better equipped to respond lo the new and challenging requirements of the local and global economy. The bank merger exercise was inevitable in the face of globalisation and borderless trade. The first step towards enhancing efficiency and alleviating the level of competitiveness was the consolidation of the 54 domestic banking institutions into 10 banking groups. There was significant rationalisation of the wide …
The Relationship Between Selected Economic Indicators And The Malaysian Stock Index Futures, Irwaan Iskandar Abrahim
The Relationship Between Selected Economic Indicators And The Malaysian Stock Index Futures, Irwaan Iskandar Abrahim
Student Works (2000-2009)
This research examines the relationship between selected economics indicators and Malaysian Stock Index Futures. It also focusses on the relevancy of the Efficient Market Hypothesis (EMH) in a developing derivatives market in South East Asia, namely the Malaysian Stock Index Futures market. The relationship analysis between selected economic indicators and Malaysian Stock Index Futures may give better understanding the degree our derivatives market grasp economics factors in determining market change and movements. In an efficient market, the relevant signal to be used in trading is the futures price. The relative forecasting power of futures price is applied with the various …
The Impact Of Bond Ratings On Equity Market : Malaysian Experience, P. Raman Ponnusamy
The Impact Of Bond Ratings On Equity Market : Malaysian Experience, P. Raman Ponnusamy
Student Works (2000-2009)
This research will examine the impact of bond ratings on market efficiency and stock returns. The study covered rating announcements from 1996 to 2001. Four types of rating announcements were covered namely initial announcement, reaffirmation, upgrades and downgrades. Each rating is categorized into investment grade and speculative grade. The mean adjusted model was used to determine the abnormal returns. The findings showed insignificant movement in abnormal returns for all type of ratings and also the sub-category of speculative and investment grades. The result also revealed that the market is efficient in semi-strong form as far as Malaysian market is concerned. …
Penglibatan Masyarakat Islam Dalam Aktiviti Pelaburan Di Bank Islam Malaysia Berhad (Bimb) : Suatu Kajian Di Banting, Selangor, Kamsuzilawati Kamin
Penglibatan Masyarakat Islam Dalam Aktiviti Pelaburan Di Bank Islam Malaysia Berhad (Bimb) : Suatu Kajian Di Banting, Selangor, Kamsuzilawati Kamin
Student Works (2000-2009)
Investment in Conventional economic has been practiced longer enough better than inventment in Islamic economic. For almost 20 years it has been introduced through the establishment of Bank Islam Malaysia Berhad (81MB), many scholars said that bank were insist on BBA and Murabahah (profit-based financing) modes of operations better than Mudafarabah and Musyarakah (equity-based financing) modes of operations although with the profit and loss sharing (PLS), its leads to better exploitation of labour and capital towards a just, stable and efficient society. This study tries to observe and evaluate the performances and the implementation of PLS in BIMB Holdings Berhad. …
A Monetary Analysis Of The Indonesian Economy, Elisabet Siahaan
A Monetary Analysis Of The Indonesian Economy, Elisabet Siahaan
Student Works (2000-2009)
This study is about monetary economic in Indonesia. There are three main topics on this study. First topic is about development of monetary economic in Indonesia. Second topic is about monetary policy in Indonesia. The third topic is about money supply in Indonesia. The period of this study is 1980-1999. The first topic provides a brief overview of the Indonesian monetary development, covers the three distinct periods of monetary experiences and financial regimes. The main period are pre-reform (pre-1983 ), post-reform (post 1983) and financial crisis(1997-1999). Second topic is about monetary policy in Indonesia. Indonesia's mam economic concern is development. …
Performance Of Islamic Banking Scheme At Foreign Banks : A Malaysian Case Study, Luqyan Tamanni
Performance Of Islamic Banking Scheme At Foreign Banks : A Malaysian Case Study, Luqyan Tamanni
Student Works (2000-2009)
Using trend and ratio analysis, this study analyses the performance of Islamic banking operations at three foreign banks in Malaysia i.e. HSBC, OCBC and SCB:MB. Using the data from 1996-2000, it is possible to track progress and evaluate performances of the Islamic Banking Scheme (IBS) versus its conventional counterpart at these banks. It is also possible to examine the impacts of the Asian Crisis in 1997-98 to the Islamic banking operations, especially at the foreign banks. This study concludes that, during 1996-2000, Islamic banking operations at foreign banks have been performing considerably well, during and post the crisis. On average, …
Dynamic Interactions Among Stock Prices, Interest Rates, Real Activity And Money In Malaysia, Chin Sieng Chong
Dynamic Interactions Among Stock Prices, Interest Rates, Real Activity And Money In Malaysia, Chin Sieng Chong
Student Works (2000-2009)
This study investigates the causal relations and dynamic interactions among stock prices, real interest rate, real money balances and real activity in Malaysia using monthly data from January 1987 to December 2001. This full sample period is also divided into two sub-periods for analysis. The first sub-period covers January 1987 to August 1998 while the second sub-period covers September 1998 to December 2001. The conventional unit root tests suggest that all variables are integrated of order one. This finding is further supported by the results of the unit root test which allows for a structural break in the series. All …
Bank Consolidation As A Strategic Response To The Banking Crisis : An Analysis Of The Choice Of Anchor Banks, Talagavathi R. Karapayah
Bank Consolidation As A Strategic Response To The Banking Crisis : An Analysis Of The Choice Of Anchor Banks, Talagavathi R. Karapayah
Student Works (2000-2009)
The financial crisis of 1997 and the result1ng effects showed the weaknesses and vulnerability of the Malaysian banking system. In addition, impending globalization and liberalization of the financial sector has increased the urgency to strengthen the banking sector. Strengthening of the banking sector was to be realized by the merger of banking institutions under 10 anchor banks. The decision to consolidate the banking industry under 10 anchor banks was a necessary decision but the reasons for the choice of these 10 banks were not explained. This paper looked at some of the possible reasons for the selection of the particular …
Krisis Minsky Dan Kerapuhan Sistem Kewangan Di Indonesia, Irfan Sungkar
Krisis Minsky Dan Kerapuhan Sistem Kewangan Di Indonesia, Irfan Sungkar
Student Works (2000-2009)
Berbagai keterangan dan jawapan telah diberikan oleh para pakar ekonomi dalam menjelaskan mengapa krisis kewangan boleh berlaku, termasuk dalam kes yang terjadi di Indonesia. Akan tetapi, secara amnya jawapan yang diberikan tersebut masih belum meyakinkan dan boleh dipertikaikan. Kertas kerja ini membahas apakah hipotesa dan hujah Minsky berkenaan dengan ketak-stabilan kewangan boleh diterapkan dalam memberikan penjelasan yang menyeluruh mengenai terjadinya krisis kewangan di Indonesia. Hujah Minsky berkenaan dengan terdapatnya suatu anjakan yang secara endogenous menyebabkan sistem kewangan menjadi tak stabil akan dikaji kesesuruannya di Indonesia. Hasil analisa dan dapatan kajian adalah membuktikan bahawa sememangnya telah terjadi suatu anjakan menuju ketakstabilan …
An Analysis Of The Islamic Unit Trusts In Malaysia, Mohd Nizam Barom
An Analysis Of The Islamic Unit Trusts In Malaysia, Mohd Nizam Barom
Student Works (2000-2009)
The objective of this research is to assess the growth, development and performance of the Islamic unit trust in Malaysia for almost a decade of its operation in the market. The growth and development of the sector is analysed using several indicator and compared with the overall unit trust industry. It is then followed by a risk-adjusted performance analysis of the Islamic funds based on three indices. namely the Adjusted Sharpe Index. Treynor Index and Adjusted Jensen Alpha. The analysis also includes adherence of risk and return characteristics of the funds to that stated objective, the degree of risk diversification …
Sistem Maklumat Pembayaran Zakat, Wijee Masrina
Sistem Maklumat Pembayaran Zakat, Wijee Masrina
Student Works (2000-2009)
Sistem maklumat bagi pembayaran zakat atau akronimnya e-Zakat merupakan satu aplikasi berasaskan web yang dibina untuk menyediakan satu perkhidmatan bagi pengguna mengetahui jumlah bayaran zakat tertentu yang wajib dibayar oleh mereka dengan cara yang mudah dan pantas melalui perkembangan teknologi maklumat. Selain daripada itu, sistem ini juga dilengkapi dengan informasi mengenai zakat yang dipetik berlandaskan Al-Quran. Sunnah Nabi dan pendapat para ulamak. Sistem ini terbahagi kepada dua modul utama iaitu modul pengguna dan modul pentadbiran. Modul pengguna akan menyed.iakan kemudaban bagi peogiraan kelapan-lapan jenis zakat Selain itu, modul ini juga menyediakan beberapa fungsi lain seperti pertanyaan dan rujukan. Modul pentadbir …
An Empirical Investigation Of The Effect Of Quarterly Reporting Requirement On The Timeliness Of Corporate Annual Reporting, Amran Azlan
Student Works (2000-2009)
This study investigates the effect of quarterly reporting requirement on the timeliness of corporate annual reporting. The Kuala Lumpur Stock Exchange (KLSE) announced the requirement on 11th march 1999. It is part of the KLSE action to promote timeliness among the listed enterprises. It is important for the annual reports to be timely in order to ensure the information to be relevant before it loses its capacity to influence the decision maker. This study compare reporting delays that is the number of days taken by the listed companies in submitting their annual reports between four consecutive years (1997, 1998, 1999 …
Distributability Of Profits : An Empirical Investigation Of Current Practices In Malaysia, Ravichandran K. Subramaniam
Distributability Of Profits : An Empirical Investigation Of Current Practices In Malaysia, Ravichandran K. Subramaniam
Student Works (2000-2009)
In standardizing, as far as possible, our use of terminology we aim to move from the haphazard to the certain. Yet, despite the Accounting Standards, each of which contains a ''definition" section, we never quite achieve the aim on defining the term "distributability of profit". The Malaysian Companies Act 1965 is silent on this issue. It merely states that profits must be declared from profits. A review of developments in the distributability of dividends across the world in Europe, Australia, New Zealand, Asia and Middle East has broaden the scope of comparison to establish rules and practices of other countries …
Corporate Governance In Malaysia : A Descriptive Study, Zulkarnain Hashim
Corporate Governance In Malaysia : A Descriptive Study, Zulkarnain Hashim
Student Works (2000-2009)
No abstract provided.
Internet Financial Reporting : An Investigation Of Firm Characteristics, Chee Wei Gan
Internet Financial Reporting : An Investigation Of Firm Characteristics, Chee Wei Gan
Student Works (2000-2009)
In the past few years, the use of Internet has become much more widespread. Companies throughout the world have started to advertise their products and services and also other information via their Web sites. Notably, more companies are now engaging Internet to publish financial information to complement the traditional print medium. Similar trend is also prevailing in Malaysia. Much has been debated about the potential role of Internet in dissemination of financial information in more advance countries such as the U.S and U.K. However, little empirical evidence in this area of study is currently available in the local accounting literature. …
Proportionality Of Financial Ratios And Prediction Of The Company Performance Of Stocks In The Kuala Lumpur Stock Exchange, Siew Foong Yeong
Proportionality Of Financial Ratios And Prediction Of The Company Performance Of Stocks In The Kuala Lumpur Stock Exchange, Siew Foong Yeong
Student Works (2000-2009)
This paper analyses the proportionality assumption of financial ratios generated from counters selected from Kuala Lumpur Stock Exchange (KLSE), Malaysia. Proportionality assumption in financial ratios is essential in financial statement analysis as it allows us to compare ratios across firms of different sizes. Thus, it also allows us to use financial ratio to further our analysis into company performance prediction. Earning Per Share (EPS) and Revenue Per Share (RPS) are among the tools in measuring company performance. OLS regression analysis with enter-all-variables and stepwise methods will be used to forecast company performance, where this year (n) financial ratios will be …
Holiday Effect : A Decade Of Change In The Performance Of The Kuala Lumpur Stock Exchange, Rina Bee Yan Tong
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 …