The Effects of Stock Split Announcements on the Stock Returns in Bursa Malaysia
Chin Chun How
· Wong Hock Tsen
·Jurnal Ekonomi Malaysia ·2019
This study investigated the presence of abnormal returns surrounding stock split announcements and the determinants of cumulative abnormal return and the split factor. This study utilized the fnancial data of 45 corporations that had exerci...
The Impact of the Investor Sentiment Index (SMI) On the Malaysian Stock Market during COVID-19 Pandemic
Ali Albada
· Nurhuda Nizar
·International Journal of Economics and Management ·2022 ·JEL: G1, G4
COVID-19 is a highly contagious viral infection that has changed the world, with many human lives being lost. This study aimed to analyse investors' sentiment and stock market behaviour in Malaysia during the COVID-19 pandemic. Stock market...
Ownership Concentration and Debt Structure: Evidence from Top 100 PLCs in Malaysia
Neshaleni S. Paramanantham
· Irene Wei Kiong Ting
· Qian Long Kweh
·Institutions and Economies ·2018 ·JEL: G31; G32; G34
This study examines the impact of ownership concentration on debt structure. Based on marketcapitalisation, we obtained financial and governance data from Top 100 public listed companies in Malaysia for the period 2011-2015. Ordinary least...
The Impact of Audit Committee Independence and Auditor Choice on Firms’ Investment Level
Nurul Hizetie Mohamed Nor
· Anuar Nawawi
· Ahmad Saiful Azlin Puteh Salin
·Pertanika Journal of Social Science and Humanities ·2018
The purpose of this study is to examine the relationship between audit characteristics and firm investment efficiency level. Audit characteristics have been characterized using audit committee (AC) independence and external auditor choice....
Are Islamic and conventional capital markets decoupled? Evidence from stock and bonds/sukuk markets in Malaysia
Habib Ahmed
· Ahmed H. Elsayeda
·Quarterly Review of Economics and Finance ·2019
This study examines the decoupling hypothesis between Islamic and conventional capital markets by analysing the dynamic interdependencies among conventional stock, Islamic stock, bonds and sukuk markets in Malaysia over the period January 3...
Determinants of capital structure and firm financial performance—A PLS-SEM approach: Evidence from Malaysia and Indonesia
Nur Ainna Ramli
· Hengky Latan
· Grace T.Solovida
·Quarterly Review of Economics and Finance ·2019 ·JEL: G14; G10; M41
We examine the impact of capital structure determinants on firm financial performance together with the mediation effect of firm leverage in Malaysia and Indonesia over the period of 1990–2010. Our results show that certain of the capital s...
Ex-post effects of circuit breakers in crisis and calm markets
Imtiaz Sifat
· Azhar Mohamad
·Journal of Economic Studies ·2020 ·JEL: D43, D47, D53
Despite regulatory claims of straitening volatility and preventing crashes, evidences on circuit breakers’ ability to achieve so are nonconclusive. While previous scholars studies general performances of circuit breakers, the authors examin...
Involvement of Board Chairmen in Audit Committees and Earnings Management: Evidence from Malaysia
Mujeeb Saif Mohsen Al-Absy
· Ku Nor Izah Ku Ismail
· Sitraselvi Chandren
· Shehabaddin Abdullah A. Al-Dubai
·Journal of Asian Finance, Economics and Business ·2020 ·JEL: M40, M41, M42, M48
This paper investigates the effect of the involvement of the board chairman in the audit committee (AC) on earnings management (EM). It examines Bursa Malaysia-listed companies with the lowest positive earnings for the years 2013 to 2015. T...
The effects of financial and operational hedging on company value: The case of Malaysian multinationals
Azadeh Hadian
· Cahit Adaoglu
·Journal of Asian Economics ·2020 ·JEL: F30, G32
This study examines the value effects of financial and operational hedging in a managed floating exchange rate regime with strict limitations on the trading of Malaysian Ringgit for a sample of 109 Malaysian multinationals from 2004–2018. U...
The Impact of Audit Quality, Audit Committee and Financial Reporting Quality: Evidence from Malaysia
Shahanif Hasan
· Aza Azlina Md. Kassim
· Mohamad Ali Abdul Hamid
·International Journal of Economics and Financial Issues ·2020 ·JEL: G3, M42
In recent decades, there has been a noticeable increase in the practice of earnings management (EM) as a proxy for financial reporting, especially real activities, with effect on the quality of financial statements. The role of the audit co...
Exchange rate exposure revisited in Malaysia: a tale of two measures
Jaratin Lily
· Imbarine Bujang
· Abdul Aziz Karia
· Jaratin Lily
· Mori Kogid
·Eurasian Business Review ·2017 ·JEL: F23; F31; G15
This paper investigates a tale of two measures, which are market portfolio returns and exchange rate movements. The two measures are important risk factors which affect firm share returns. This study also demonstrates that the orthogonalize...
The impact of monetary policy on Islamic bank financing: bank-level evidence from Malaysia
Muhamed Zulkhibri
·Journal of Economics, Finance and Administrative Science ·2018
Purpose This paper aims to examine the distributional differences of Islamic bank financing responses to financing rate across bank-specific characteristics in dual banking system. The study also aims to provide understanding of how efficie...
Comparative study on credit risk in Islamic banking institutions: The case of Malaysia
Mongi Lassoued
·Quarterly Review of Economics and Finance ·2018 ·JEL: G18; G21; G32; G33
The study of credit risk is a great interest and the debate over the relative credit risk of Islamic banks remains open. The study aims at addressing this key question: Do Islamic banks (IBs) have higher credit risk than conventional banks...