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....
Ooi Kok Loang · Zamri Ahmad ·Millennial Asia ·2022
This study examines the existence, tendency and determinants of herding in the Malaysian stock market under market stress from 2016 to 2020. This study adopts ordinary least square and quantile regression models to estimate herding. Three t...
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...
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...
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,...
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...
Ibnu Qizam ·Entrepreneurial Business and Economics Review ·2021
The objective of the article is to investigate two issues. First, whether the Islamic bond (sukuk) ratings are the key determinant in affecting stock returns and, second, whether firm-characteristic variables moderate the sukuk ratings effe...
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...
Dung V. Dinh · Robert J. Powell · Duc H. Vo ·Journal of Asian Economics ·2021 ·JEL: G33, G28
This study is conducted to investigate the prediction of corporate financial distress based on the Merton (1974) market-based Distance to Default (DD) model over the period from 1997 to 2016 which covers a range of economic financial circum...
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...
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...
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...
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...
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...
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...