Prof. Dr. Abul Mansur Mohammed Masih
Qualification:Ph.D.in Applied Financial Econometrics, University of Leeds U.K. (1974)
Fields/Area of Specialization:Finance and Econometrics
Dr. Mansur Masih is currently a professor of Finance and Econometrics at INCEIF. He obtained a Ph.D. (in ‘Applied Financial Econometrics’) from Leeds University preceded by a Masters in Economics from Manchester University. Prior to joining INCEIF in July 2010, he held the ‘Chair Professorship of Finance’ at the National University Malaysia and Northern University Malaysia, and also, King Fahd University, Saudi Arabia where he taught for 8 years. Before that he also taught at the Australian (New South Wales and Edith Cowan) and British (Leeds) Universities for a total of 27 years. During all these years he taught courses in three disciplines: Finance, Economics, and Applied Econometrics/Statistics at all levels including the MBA and Executive MBA levels.

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3087

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Top Country : Malaysia

Showing results 1 to 10 of 113
  • Determinants_of_capital_structure_ramazan_mansur_obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Yildirim, Ramazan; Mohammed Masih, Abul Mansur; Bacha, Obiyathulla Ismath (2018)

  • Many Muslim individual and institutional investors seek to invest only in stocks that are compliant with the Shari'ah (i.e. Islamic law). Among others, Dow Jones addressed this demand and has developed their proprietary screening methodologies to identify Shari'ah compliant firms (SC). One key factor that distinguishes SC firms from their non-compliant peers (SNC) is that the former is not allowed to cross the leverage threshold of 33%. Due to the restrictions imposed on them, it is expected that SC firms exhibit different capital structure compared to the SNC firms. The purpose of this initial comparative study is to analyze the most reliable debt determinants identified in the liter...

  • Unveiling_the_diversification_benefits_of_Islamic_equities_and_commodities_mansur.pdf.jpg
  • Journal Article


  • Authors: Prima Sakti, Muhammad Rizky; Mohammed Masih, Abul Mansur; Saiti, Buerhan; Tareq, Mohammad Ali (2018)

  • The purpose of this paper is to examine the extent to which the Indonesian Shariah compliant investors can benefit from the portfolio diversification with the Islamic indices of its trading partners and selected commodities such as gold, crude oil, and cocoa. The findings tend to indicate that investors with exposure in Shariah compliant indices of Indonesia and wanting to gain more diversification benefits should invest either in the USA or India Islamic equity. Instead, the greater benefits will be obtained by Shariah compliant investors if they invest in the USA Islamic indices during long-term investment horizons. If investors want to invest in medium investment horizons, investin...

  • Does_prospectus_information_matter_in_IPO_pricing_mansur_etal.pdf.jpg
  • Journal Article


  • Authors: Mohd-Rashid, Rasidah; Mohammed Masih, Abul Mansur; Abdul-Rahim, Ruzita; Che-Yahya, Norliza (2018)

  • The purpose of this study is to identify selected information from the prospectus that might signal the initial public offering (IPO) offer price. The results tend to provide support for the argument that firms with Shariah-compliant status reflect lower uncertainty and project better signalling of quality due to greater scrutiny by the government and thus are able to offer IPOs at higher prices. Similarly, firms with a higher proportion of shareholder retention indicate lower risks as insiders forego their options to diversify their portfolio, and hence could price their IPOs higher. Finally, the involvement of institutional investors and higher underwriter ranking could be used by f...

  • Issues_in_Islamic_equities_mansur_et_al.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur; Mustaffa Kamil, Nazrol Kamil; Bacha, Obiyathulla Ismath (2018)

  • This article reviews the current literature on Islamic equities. Our survey indicates that the bulk of articles is quantitative or empirical in nature, with a notable dearth of theoretical works. Among the common research themes explored by these articles are comparative performances of Islamic equities visa-vis their conventional counterparts, comparisons of Islamic portfolios with SRI funds, and empirically articulating portfolio diversification benefits associated with Islamic equities. In addition, numerous articles discuss idiosyncrasies of Shari'ah compliant stocks and portfolios under subthemes such as volatility, risk factors, and performance attributes. This survey also inclu...

  • Unraveling_the_financial_contagion_in_European_stock_markets_during_financial_crisis_dewandaru_et_al.pdf.jpg
  • Journal Article


  • Authors: Dewandaru, Ginanjar; Masih, Rumi; Mohammed Masih, Abul Mansur (2018)

  • The article investigates the evidence of financial contagion and market integration in selected European equity markets during nine major crises across regions. The focus is to identify whether (i) contagion evidence is pure or fundamental and (ii) dynamic evolution of integration is in the short run or long run. Wavelet decomposition in both its discrete and continuous forms is used. The findings reveal the following: (i) prior to the subprime crisis, contagion effects generated short-term shocks. The most recent US subprime crisis, however, reveals the evidence of fundamental based contagion. (ii) We find increasing short-run and long-run stock market integration, driven by several ...

  • Exploring_portfolio_diversification_opportunities_through_venture_capital_financing_yusuf_et_al.pdf.jpg
  • Journal Article


  • Authors: Jaffar, Yusuf; Dewandaru, Ginanjar; Mohammed Masih, Abul Mansur (2018)

  • Islamic financial institutions are being pressured by critics to offer profit and loss sharing (PLS) financing such as, venture capital financing, for the purpose of entrepreneurial development aligned to the principle of equity risk sharing. Our study aims to link PLS investments with portfolio optimization opportunities for the Islamic asset managers. Using portfolio analysis with dynamic conditional correlation, Markov switching, and maximal overlap discrete wavelet transformation, our findings tend to indicate that there is indeed a portfolio optimization opportunity in investment universe for the fund managers who invested in PLS investments in the context of venture capital asse...

  • Do_Islamic_stock_returns_hedge_against_inflation_norazza_abul_mansur.pdf.jpg
  • Journal Article


  • Authors: M. Haniff, Norazza; Mohammed Masih, Abul Mansur (2018)

  • This article makes an initial attempt to study the hedging effectiveness of Islamic stock returns against inflation for different investment horizons. We applied the wavelet analysis to measure the cross-correlations between the time series as a function of time-scales using data ranging from 2007 to early 2015. The main results tend to indicate the following: First, that for investment horizons not exceeding 3 years, the FTSE Bursa Malaysia Emas Shariah Index constituent returns may potentially hedge against inflation. Additionally, the hedging ability of stock returns was absent from 2008 to 2009 following the global financial crisis. Finally, a buy-and-hold strategy exceeding 3 yea...

  • risk_taking_behavior_capital_adequacy_mixed_banking_system_hishamuddin_buerhan_saiful_mansur.pdf.jpg
  • Journal Article


  • Authors: Abdul Wahab, Hishamuddin; Saiti, Buerhan; Rosly, Saiful Azhar; Mohammed Masih, Abul Mansur (2017)

  • This study is the first attempt to investigate the relationship between the level of risky assets and capital level in a mixed Malaysian banking system covering 83 months starting December 2006. The results of dynamic OLS (DOLS) indicate positive relationship between capital ratio (CAR) and risk weighted asset ratio (RWA) in the long run. Furthermore, the causality analysis based on panel VECM and two-step dynamic System GMM indicates unidirectional causality from CAR to RWA. Our results further suggest that higher capital growth and capital buffer provide an extra cushion for the Malaysian banks to pursue relatively riskier financial activities, and the nature of risk taking behavior...

  • PhD_An_analysis_of_issues_surrounding_stock_index_futures_contract_Hashim.pdf.jpg
  • PhD


  • Authors: Jusoh, Hashim (2017)

  • The derivatives markets in the Asian region have shown significant growth and development since their inception. Similarly, derivatives market in Malaysia and Bursa Malaysia Derivatives have experienced remarkable changes and developments. This study focuses mainly on the stock index futures contract (FKLI) and its relationship with the underlying spot index (FBM KLCI). The FKLI is chosen instead of other permissible futures due to availability of the data and its relevance in the context of fund managers' asset allocation strategy... Available in physical copy and downloadable format (Call Number: t HG 6043 H348)

  • Phd_Global_financial_shocks_and_stock_market_comovements_Siti_Zulaikha.pdf.jpg
  • PhD


  • Authors: Siti Zulaikha (2017)

  • The study investigates the impact of the global financial shocks on the correlations between the stock market and interest rate on the one hand and that between conventional and Islamic stocks on the other. The countries investigated are Malaysia, Indonesia, the U.S., Japan, the U.K., Kuwait, Saudi Arabia, Qatar with the sample period from December 2004 to December 2012. Changes in correlations for different time scales or investment horizons levels with wavelet analysis were tested. It was found that correlations among Islamic and conventional stock markets in non-shock periods tend to be ... Available in physical copy and downloadable format (Call Number: t HG 4661 S623)

Prof. Dr. Abul Mansur Mohammed Masih
author picture
Qualification: Ph.D.in Applied Financial Econometrics, University of Leeds U.K. (1974)
Fields/Area of Specialization: Finance and Econometrics
Dr. Mansur Masih is currently a professor of Finance and Econometrics at INCEIF. He obtained a Ph.D. (in ‘Applied Financial Econometrics’) from Leeds University preceded by a Masters in Economics from Manchester University. Prior to joining INCEIF in July 2010, he held the ‘Chair Professorship of Finance’ at the National University Malaysia and Northern University Malaysia, and also, King Fahd University, Saudi Arabia where he taught for 8 years. Before that he also taught at the Australian (New South Wales and Edith Cowan) and British (Leeds) Universities for a total of 27 years. During all these years he taught courses in three disciplines: Finance, Economics, and Applied Econometrics/Statistics at all levels including the MBA and Executive MBA levels.
Showing results 1 to 10 of 113
  • Determinants_of_capital_structure_ramazan_mansur_obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Yildirim, Ramazan; Mohammed Masih, Abul Mansur; Bacha, Obiyathulla Ismath (2018)

  • Many Muslim individual and institutional investors seek to invest only in stocks that are compliant with the Shari'ah (i.e. Islamic law). Among others, Dow Jones addressed this demand and has developed their proprietary screening methodologies to identify Shari'ah compliant firms (SC). One key factor that distinguishes SC firms from their non-compliant peers (SNC) is that the former is not allowed to cross the leverage threshold of 33%. Due to the restrictions imposed on them, it is expected that SC firms exhibit different capital structure compared to the SNC firms. The purpose of this initial comparative study is to analyze the most reliable debt determinants identified in the liter...

  • Unveiling_the_diversification_benefits_of_Islamic_equities_and_commodities_mansur.pdf.jpg
  • Journal Article


  • Authors: Prima Sakti, Muhammad Rizky; Mohammed Masih, Abul Mansur; Saiti, Buerhan; Tareq, Mohammad Ali (2018)

  • The purpose of this paper is to examine the extent to which the Indonesian Shariah compliant investors can benefit from the portfolio diversification with the Islamic indices of its trading partners and selected commodities such as gold, crude oil, and cocoa. The findings tend to indicate that investors with exposure in Shariah compliant indices of Indonesia and wanting to gain more diversification benefits should invest either in the USA or India Islamic equity. Instead, the greater benefits will be obtained by Shariah compliant investors if they invest in the USA Islamic indices during long-term investment horizons. If investors want to invest in medium investment horizons, investin...

  • Does_prospectus_information_matter_in_IPO_pricing_mansur_etal.pdf.jpg
  • Journal Article


  • Authors: Mohd-Rashid, Rasidah; Mohammed Masih, Abul Mansur; Abdul-Rahim, Ruzita; Che-Yahya, Norliza (2018)

  • The purpose of this study is to identify selected information from the prospectus that might signal the initial public offering (IPO) offer price. The results tend to provide support for the argument that firms with Shariah-compliant status reflect lower uncertainty and project better signalling of quality due to greater scrutiny by the government and thus are able to offer IPOs at higher prices. Similarly, firms with a higher proportion of shareholder retention indicate lower risks as insiders forego their options to diversify their portfolio, and hence could price their IPOs higher. Finally, the involvement of institutional investors and higher underwriter ranking could be used by f...

  • Issues_in_Islamic_equities_mansur_et_al.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur; Mustaffa Kamil, Nazrol Kamil; Bacha, Obiyathulla Ismath (2018)

  • This article reviews the current literature on Islamic equities. Our survey indicates that the bulk of articles is quantitative or empirical in nature, with a notable dearth of theoretical works. Among the common research themes explored by these articles are comparative performances of Islamic equities visa-vis their conventional counterparts, comparisons of Islamic portfolios with SRI funds, and empirically articulating portfolio diversification benefits associated with Islamic equities. In addition, numerous articles discuss idiosyncrasies of Shari'ah compliant stocks and portfolios under subthemes such as volatility, risk factors, and performance attributes. This survey also inclu...

  • Unraveling_the_financial_contagion_in_European_stock_markets_during_financial_crisis_dewandaru_et_al.pdf.jpg
  • Journal Article


  • Authors: Dewandaru, Ginanjar; Masih, Rumi; Mohammed Masih, Abul Mansur (2018)

  • The article investigates the evidence of financial contagion and market integration in selected European equity markets during nine major crises across regions. The focus is to identify whether (i) contagion evidence is pure or fundamental and (ii) dynamic evolution of integration is in the short run or long run. Wavelet decomposition in both its discrete and continuous forms is used. The findings reveal the following: (i) prior to the subprime crisis, contagion effects generated short-term shocks. The most recent US subprime crisis, however, reveals the evidence of fundamental based contagion. (ii) We find increasing short-run and long-run stock market integration, driven by several ...

  • Exploring_portfolio_diversification_opportunities_through_venture_capital_financing_yusuf_et_al.pdf.jpg
  • Journal Article


  • Authors: Jaffar, Yusuf; Dewandaru, Ginanjar; Mohammed Masih, Abul Mansur (2018)

  • Islamic financial institutions are being pressured by critics to offer profit and loss sharing (PLS) financing such as, venture capital financing, for the purpose of entrepreneurial development aligned to the principle of equity risk sharing. Our study aims to link PLS investments with portfolio optimization opportunities for the Islamic asset managers. Using portfolio analysis with dynamic conditional correlation, Markov switching, and maximal overlap discrete wavelet transformation, our findings tend to indicate that there is indeed a portfolio optimization opportunity in investment universe for the fund managers who invested in PLS investments in the context of venture capital asse...

  • Do_Islamic_stock_returns_hedge_against_inflation_norazza_abul_mansur.pdf.jpg
  • Journal Article


  • Authors: M. Haniff, Norazza; Mohammed Masih, Abul Mansur (2018)

  • This article makes an initial attempt to study the hedging effectiveness of Islamic stock returns against inflation for different investment horizons. We applied the wavelet analysis to measure the cross-correlations between the time series as a function of time-scales using data ranging from 2007 to early 2015. The main results tend to indicate the following: First, that for investment horizons not exceeding 3 years, the FTSE Bursa Malaysia Emas Shariah Index constituent returns may potentially hedge against inflation. Additionally, the hedging ability of stock returns was absent from 2008 to 2009 following the global financial crisis. Finally, a buy-and-hold strategy exceeding 3 yea...

  • risk_taking_behavior_capital_adequacy_mixed_banking_system_hishamuddin_buerhan_saiful_mansur.pdf.jpg
  • Journal Article


  • Authors: Abdul Wahab, Hishamuddin; Saiti, Buerhan; Rosly, Saiful Azhar; Mohammed Masih, Abul Mansur (2017)

  • This study is the first attempt to investigate the relationship between the level of risky assets and capital level in a mixed Malaysian banking system covering 83 months starting December 2006. The results of dynamic OLS (DOLS) indicate positive relationship between capital ratio (CAR) and risk weighted asset ratio (RWA) in the long run. Furthermore, the causality analysis based on panel VECM and two-step dynamic System GMM indicates unidirectional causality from CAR to RWA. Our results further suggest that higher capital growth and capital buffer provide an extra cushion for the Malaysian banks to pursue relatively riskier financial activities, and the nature of risk taking behavior...

  • PhD_An_analysis_of_issues_surrounding_stock_index_futures_contract_Hashim.pdf.jpg
  • PhD


  • Authors: Jusoh, Hashim (2017)

  • The derivatives markets in the Asian region have shown significant growth and development since their inception. Similarly, derivatives market in Malaysia and Bursa Malaysia Derivatives have experienced remarkable changes and developments. This study focuses mainly on the stock index futures contract (FKLI) and its relationship with the underlying spot index (FBM KLCI). The FKLI is chosen instead of other permissible futures due to availability of the data and its relevance in the context of fund managers' asset allocation strategy... Available in physical copy and downloadable format (Call Number: t HG 6043 H348)

  • Phd_Global_financial_shocks_and_stock_market_comovements_Siti_Zulaikha.pdf.jpg
  • PhD


  • Authors: Siti Zulaikha (2017)

  • The study investigates the impact of the global financial shocks on the correlations between the stock market and interest rate on the one hand and that between conventional and Islamic stocks on the other. The countries investigated are Malaysia, Indonesia, the U.S., Japan, the U.K., Kuwait, Saudi Arabia, Qatar with the sample period from December 2004 to December 2012. Changes in correlations for different time scales or investment horizons levels with wavelet analysis were tested. It was found that correlations among Islamic and conventional stock markets in non-shock periods tend to be ... Available in physical copy and downloadable format (Call Number: t HG 4661 S623)