Tanja Kuzman · Jelisaveta Lazarevic · Milan Nedeljkovic ·Economic Analysis and Policy ·2022
This paper studies the conditionality in the relationship between capital flows liberalisation, macroprudential policies, and credit cycles in emerging market (EM) economies. Using quarterly data for 16 EM economies, we document the effecti...
Farhad Taghizadeh-Hesary · Han-Phoumin · Ehsan Rasoulinezhad ·Economic Analysis and Policy ·2022 ·JEL: H81, G21
The main objective of this paper is to identify the determining factors of the optimal credit guarantee ratio in four members of the Association of Southeast Asian Nations (ASEAN), namely Indonesia, Singapore, the Philippines, and Malaysia,...
Sulistiyo K. Ardiyono ·Economic Analysis and Policy ·2022 ·JEL: D22, L2, L6, L8
Numerous studies have explored the impact of the Covid-19 pandemic on firms’ financial performance, but the link between such performance and employment has rarely been estimated rigorously. Using the ASEAN-5 firms’ data from Q1-2018 to Q3-...
Evan Lau · Jaime Moll de Alba · Kim-Hing Liew ·Economic Analysis and Policy ·2022
External debt levels have increased dramatically over the past decades. Many Asian developing countries are trapped in unprecedented levels of indebtedness while utilizing a high level of external debt for fiscal activities. This study empi...
Chee Yoong Liew; YoungKyung Ko; Bee Lian Song; Saraniah Thechina Murthy ·Journal of Industrial Business and Economics ·2022
We examine the association between directors’ compensation and firm value and investigate whether ownership concentration moderates this relationship by utilising a sample of Malaysian public-listed firms for the period from 2004 to 2014. U...
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...
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...
Chan Fatt Cheah · Abdul Samad Abdul-Rahim · Mohd Yusof Saari · Niaz Ahmad Mohd Naseem ·Journal of the Knowledge Economy ·2022
This paper aims to investigate the impact of the economic openness and institutional quality in explaining the environmental degradation in Malaysia that covers from 1980 to 2019. By using an innovative autoregressive distributed lag (ARDL)...
Joshua Aizenman · Gazi Salah. Uddin · Tianqi Luo · Ranadeva Jayasekera · Donghyun Park ·NBER Working Paper Series ·2022 ·JEL: E52,E58,F42
This paper examines whether prudential policies help to reduce sovereign bond vulnerability to global spillover risk in ASEAN-4 countries (Indonesia, Malaysia, the Philippines, and Thailand). We measure sovereign vulnerability within a risk...
Mohd Azlan Shah Zaidi · Zulkefly Abdul Karim · Noor Amirah Zaidon ·Economies ·2022
Movements in palm oil price give important signals to various stakeholders of the palm oil industry in Malaysia. Thus, understanding external and internal factors that may affect the palm oil price is vital to the industry players for susta...
Chia-Guan Keh · Pei-Tha Gan · Yan-Teng Tan · Fatimah Salwa Binti Abd. Hadi · Norasibah Binti Abdul Jalil ·International Journal of Sustainable Economy ·2022
Determining the relationship between financial development and economic growth is important to make precise projections of economic growth. As most of these studies rely on a symmetric relationship, they can lead to misleading policy implic...
Leonard Fong Litt Lam (University Putra Malaysia)) · Siong Hook Law · W. N. W. Azman-Saini · Normaz Wana Ismail ·Millennial Asia ·2022
This article analyses the importance of high-technology trade as a channel of economic growth to ease Malaysia out of the middle-income trap. This study also wonders upon the missing absorptive capabilities that validate the likelihoods of...
Sitara Karim · Farah Naz · Muhammad Abubakr Naeem (United Arab Emirates University, South Ural State University)) · Samuel A. Vigne ·Economic Analysis and Policy ·2022
With the continuous boom of FinTech, the similar features of different platforms provide effective solutions for small and medium enterprises. This study examines whether FinTech offers useful business mechanisms for SMEs in selected ASEAN...
Basem Ertim · Tamat Sarmidi · Norlin Khalid · Mohd Helmi Ali ·Asian Economics Letters ·2022
In an attempt to mitigate the effects of COVID-19, the Malaysian government imposed the Movement Control Order (MCO). To address the adverse impacts of the MCO policy, the Malaysian government initiated a series of recovery plans for both f...
Muhammad Hafiz Abd Rashid · Muhammad Iskandar Hamzah · Amirul Afif Muhamat · Aida Azlina Mansor · Rahayu hasanordin ·Journal of Asian Finance, Economics and Business ·2022 ·JEL: M10, M30, M31
Studies examining the interplay between brand transgression and brand forgiveness is notably sparse especially in the context of Southeast Asian banking customers. The purpose of this research is to add to the existing literature by examini...