Green Sukuk: Malaysia Taking the Lead
J.S. Keshminder
· Gurmit Kaur Bariam Singh
· Zainora AB. Wahid
· Mohammad Syafiq Abdullah
·Malaysian Journal of Consumer and Family Economics ·2019
Green Sukuk serves as an alternative form of finance which is equipped with both climate mitigation and Shariah compliance features compared to conventional finance. Acknowledging the superiority of green Sukuk to raise funds to mitigate cl...
Early warning systems using dynamic factor models: An application to Asian economies
Chi Truong
· Jeffrey Sheen
· Stefan Truck
· James Villafuarte
·Journal of Financial Stability ·2022 ·JEL: C33, E44, G01, G17
This study develops an early warning system for financial crises with a focus on small open economies. We contribute to the literature by developing macro-financial dynamic factor models that extract useful information from a rich but unbal...
The Impact of Soybean Futures and Crude Oil Futures on Palm Oil Indexes: Evidence from Bounds Test of Level Relationship and Causality Analysis
Izaan Jamil
· Mori Kogid
· Thien Sang Lim
· Jaratin Lily
·Economies ·2022
This paper investigates the impact of soybean and crude oil futures on palm oil indexes by utilising monthly data from three palm oil indexes listed in Bursa Malaysia, i.e., the Asian palm index, Malaysian palm index, and Plantation index,...
Working capital financing and corporate profitability in the ASEAN region: The role of financial development
Rahmat Heru Setianto
· Rani Septiani Sipayung
· W.N.W. Azman-Saini
·Entrepreneurial Business and Economics Review ·2022
The objective of the article is to empirically investigates the role played by financial development in determining the relationship between working capital financing and firms’ performance. Employing data of publicly listed manufacturing f...
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 Co-Movement between Shariah Compliant and Sectorial Stock Indexes Performance in Bursa Malaysia
Junaina Muhammad
· Mohamed Hisham Dato' hj Yahya
· Sabarina Mohammed Shah
· Mohammad Mizanur Rahman
·Asian Economic and Financial Review ·2018
Islamic financial market is the growing innovation of global financial market which moves together with conventional and sectorial counterpart in many countries. As the fastest growing investment component, Shariah compliant stock index in...
Islamic Banking and Bank Performance in Malaysia: An Empirical Analysis
Mansor H. Ibrahim
·Journal of Islamic Monetary Economics and Finance ·2020 ·JEL: C33; G21; G32
This paper examines the performance of Malaysia’s banking sector and its relationship to the presence of Islamic banking in the country. More specifically, by controlling for the theoretically relevant determinants of bank performance we co...
Geopolitical Risk and the Return Volatility of Islamic Stocks in Indonesia and Malaysia: A GARCH-MIDAS Approach
Umar Ndako
· Afees A. Salisu
· Muritala O. Ogunsiji
·Asian Economics Letters ·2021
In this paper, the predictive value of geopolitical risk (GPR) for the return volatility of Islamic stocks in Indonesia and Malaysia is examined. GPR data, whether global or country-specific, heighten the return volatility of Islamic stocks...
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...
The Effect of Corporate Governance Disclosure on Banking Performance: Empirical Evidence from Iran, Saudi Arabia and Malaysia
Khanifah Khanifah
· Pancawati Hardiningsih
· Asri Darmaryantiko
· Iryantika Iryantik
· Udin Udin
·Journal of Asian Finance, Economics and Business ·2020 ·JEL: E44, M14, Q56
A series of corporate failures and financial crises have raised attention to organizational governance issues, especially for financial institutions. In the banking system, corporate governance further plays a unique role because of the uni...
Bond Market Development in Malaysia: Possible Crowding-Out from Persistent Fiscal Deficits?
Meng-wai Lee
· Kim-leng Goh
·Economics Bulletin ·2019
In Malaysia, infrastructure financing requirements can be served through domestic bond markets, including its corporate bond markets. However, financial crises have exacted a heavy toll on government debts, which are often funded by issuanc...
The Effect of Sustainability Information Disclosure on Financial and Market Performance: Empirical Evidence from Indonesia and Malaysia
Pancawati Hardiningsih
· Indira Januarti
· Etna Nur Afri Yuyetta
· Ceacilia Srimindarti
· Udin Udin
·International Journal of Energy Economics and Policy ·2020 ·JEL: E44, M14, Q56
This study aims to analyze the effect of sustainability information disclosure on financial and market performance. Using purposive sampling, this study obtains 21 mining sector companies in Indonesia and 18 companies in Malaysia. Regressio...
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...
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...
Effects of bank capital on liquidity creation and business diversification: Evidence from Malaysia
Moau Yong Toh
·Journal of Asian Economics ·2019 ·JEL: G21; G28
This paper examines the effects of bank capital ratios on liquidity creation and business diversification for Malaysia. Annual data are analyzed for 28 commercial banks for the period 2001⬜2017. We observe that the average equity capital a...