Prof. Dr. Zulkarnain Muhamad Sori
Qualification:PhD, Corporate Governance and Auditing, Cardiff University, UK (2005).
Fields/Area of Specialization:Accounting, Auditing, Corporate Governance, Entrepreneurship, Finance and Takaful
Prof. Dr. Zulkarnain Muhammad Sori begin his academic career in 1999 after serving the industry for almost 5 years (i.e. in local and international organizations). He earned his PhD degree in Corporate Governance and Auditing from Cardiff Business School, Cardiff University, United Kingdom in 2005. His research and academic duties focus on Accounting and Finance disciplines with concentration on the following areas: Corporate Governance, Auditing, Financial Accounting, Ethics, Applied Finance, Financial Reporting, Entrepreneurship and Takaful. He currently serves as Deputy Director for BNP-Paribas-INCEIF Centre for Islamic Asset and Wealth Management.

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Showing results 1 to 20 of 38
  • accounting_information_system_knowledge_management_case_study_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Muhammad Sori, Zulkarnain (2009)

  • This study seeks to examine the use of Accounting Information Systems (AIS) by ZBMS Sdn. Bhd., and it's contribution to the knowledge management and strategic role of the organisation. ZBMS is a company that registered in Kuala Lumpur and operate in construction industry. The company used automated AIS known as Contract Plus Financial & Project Accounting package commercially developed by a private company (ZYXW). Wide variety of people that involve in the company's operation within and outside the organisation uses accounting information generated by this system for decision-making. Based on input provided by operational level managers, the Contract Plus software produces monthly pro...

  • An_overview_of_corporate_governance_some_essentials.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • The Oxford Dictionary define 'corporate' is an adjective belonging to a corporation, while 'governance'derives from the Latin gubernare, meaning 'to steer', which implies that corporate governance involves the function of direction rather than control. Therefore, corporate governance is a function of governing a corporation.

  • audit_committee_and_auditor_independence.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Abdul Wahab, Sazali (2012)

  • The efforts towards better corporate governance practices of firms in the Malaysian capital market were started by the Securities Commission (SC) as early as 1996 in three-phased shift disclosure-based regulations (DBR). During Phase 1 (1996-1999: Flexible/Hybrid Merit Based Regime), the emphasis was to regulate on disclosure, due diligence and corporate governance. Phase 2 (January 2000: Partial DBR) still focused on corporate disclosure, due diligence and corporate governance, but included focus on promotion of accountability and self-regulation. In Phase 3 (2001 onwards: Full DBR) the SC enforced high standards of disclosure, due diligence and corporate governance as well as exerci...

  • auditor in dilemma.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Karbhari, Yusuf; Ramadili Mohd, Shamsher Mohamad; Abdul Wahab, Sazali (2013)

  • Evidence of audit failures documented worldwide have led to major criticism of the auditing professions' independence and exposed its implication on shareholders and stakeholders' interests. External auditors are expected not only be independent but more importantly must be seen to be independent when examining and attesting clients' financial statements. Auditors are expected to decide on reporting strategies without any influence from their clients' management.

  • auditor_independence_corporate_governance_zulkarnain_shamser_2015.pdf.jpg
  • Industry Article


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2015-09-29)

  • Failures of major financial institutions globally that have supposedly audited has led to major criticism of the auditing profession. The collapse of many large companies and the demise of one of the major auditing firm, Arthur Andersen, have damaged the credibility of financial statements and undermined the reputation of audit profession. Among the many explanations for these failures (like investors’ irrational exuberance, infectious greed, and foolishness; the bursting of the bubble; the impoverished morality of CEOs), the tendency of management to cook the books; the failure of the gatekeepers; and the ambiguities in application of financial reporting standards, which have encour...

  • auditor_independence_where_is_it.pdf.jpg
  • Chapter in Book


  • Authors: Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Muhammad Sori, Zulkarnain (2013)

  • We are in doubt on whether the book editors will ever publish this article that questioning the degree of auditor independence. We have repeatedly heard from colleagues (and foes) that papers that touched this issues has been sidelined by unseen upper hands from being accepted in academic publications. However, we choose to remain steadfast to express our concern about auditor indepence. In this article attempt to, albeit in a small scale, discuss and report an objective assessment of this pertinent concept.

  • autopoiesis_business_organisation_case_study_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Muhammad Sori, Zulkarnain (2009)

  • This paper discusses the literature on the concept of autopoiesis and its application to business organisations from a brand management perspective, which is claimed to be able to develop customer confidence. Autopoiesis is a psuedo-Ancient Greek word that was constructed from the two words 'auto' and 'poiesis', which denote 'self' and 'production' respectively. An autopoietic business organization is an independent and self-maintaining unity that includes component-producing processes, where the interaction between components recursively produces the same system of processes that produced them, and as a consequence, adapts spontaneously to competition. Analysis of the literature reve...

  • board characteristics and firms financial reporting quality.pdf.jpg
  • Chapter in Book


  • Authors: Nahar, Hairul Suhaimi; Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2013)

  • Post millennium period could be considered as a rejuvenation period for both issues of corporate governance and firm's financial reporting quality (FRQ) in the Asian region. Series of corporate and economic events pre and post millennium period had effectively led these intermingling issues to gain prominence in the academic and public policy debate. Primarily, academic debate has suggested that governance is an effective tool through which FRQ could be ensured (Imhoff, 2003; Rezaee, 2003).

  • challenges_facing_shariah_committees_malaysian_islamic_financial_institutions_shamsher.pdf.jpg
  • Journal Article


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhammad Sori, Zulkarnain; Mohd Rasid, Mohamed Eskandar Shah (2016)

  • An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled to ensure their business operations are Shariah-compliant, which has important implications on their reputation, Shariah governance and the future growth of Islamic finance industry. Sixteen Chairmen of the Shariah Committees of Islamic financial institutions in Malaysia were interviewed on the challenges faced in carrying out their responsibilities and theri views on effective Shariah Committees. This paper summarizes the various challenges faced by Shariah committees in Islamic financial institutions in Malaysia.

  • corporate_governance_from_a_global_perspective.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • This chapter deliberates on the international initiatives aimed at reforming and harmonizing corporate governance at a global, highlighting the difficulties of categorizing such a diversity of systems such that of the United Kingdom (UK), the United States (US), Germany and Japan. The polarization of corporate governance may have arisen from differences that exist between cultures and legal systems.

  • corporate_governance_practices_and_firms_performance_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Mohamad Mokhtar, Shabnam; Muhammad Sori, Zulkarnain; Abdul Hamid, Mohamad Ali; Zainal Abidin, Zaharuddin; Mohd Nasir, Azhar; Yaacob, Abu Sofian; Mustafa, Hasri (2009)

  • This paper examines the relationship between corporate governance practices and company performance. In this study, a Mann-Whitney U test was performed to compare the performance between 5 Malaysian companies that practice good corporate governance and 5 Malaysian companies that did not practice good corporate governance. A study by Standard & Poor's in 2004 was the main source to identify companies practicing good corporate governance and vice versa. Financial ratios namely return on assets, return on equity, earnings per share and profit margin were used as a measure of company performance. It is found that there is no difference in performance between companies that practice good c...

  • corporate_governance_practices_in_malaysia.pdf.jpg
  • Book


  • Authors: Muhammad Sori, Zulkarnain; Mohd Said, Ridzwana; Malek, Mazrah; Senik, Rosmila (2012)

  • This book contains 17 chapters contributed by authors specializing in the related areas. The objective of the book is to disseminate research findings and ideas on corporate governance issues including environmental highlights from empirical works and literature reviews. This book will provide bases of reference for companies in enhancing their governance practices as well as for future researchers.

  • item.jpg
  • PhD


  • Authors: Alhamdani, Gamal Nassar Ali (2017)

  • Technology Startups (TSs) are critical to develop economic capacity, support innovation and stimulate entrepreneurial spirit In a nation. As TSs embark on innovative and disruptive journeys, they face their biggest challenge: financing. This study aims to examine the determinants of financing among TSs in Malaysia while critically examining the role of Islamic Finance. The study adopts a triangulation methodological approach, which consists of questionnaire survey and semi-structured interviews. It focuses on Malaysian technology startups, entrepreneurs and their financing needs mainly at two stages: the early stage and the later stage . The study examines the following dependent vari...

  • effectiveness_shariah_committees_Malaysian_Islamic_financial_institutions_practical_perspective_shamsher_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhammad Sori, Zulkarnain (2016-07-13)

  • An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled to ensure their business operations are Shariah-compliant has important implications on their reputation and their future growth. The Shariah Committee is a mandated requirement by the central bank on every Islamic Financial Institution (IFI) to ensure the expected level of Shariah-compliance in their business operations. Unlike their conventional counterparts that focus only on maximizing the wealth of shareholders, IFIs has an extra responsibility to protect the interests of all stakeholders (including shareholders) and ensure that no injustice of any kind...

  • financial_fiascos.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • Financial fiascos or commonly termed as scandals refer to the various kinds of frauds, scams, swindles, breaches of trust, or other wrongdoing in the corporate sector which results in huge financial losses. The greed for wealth coupled with the opportunities in a new complex financial and banking environment and the use of modern technolgy in financial transactions have mad the financial sector more vulnerable to scandals than any other sector of the economy.

  • financial_ratios_discriminant_analysis_prediction_corporate_distress_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Muhammad Sori, Zulkarnain; Abd Jalil, Hasbullah (2009)

  • This study develops a failure prediction model for Singaporean companies. The results show good performance with a highly correct categorization factuality rate of more than 80 percent. Two ratios were determined significant out of 64 financial ratios utilized in this analysis to discriminate among failed and non-failed companies. The significant variables are Cash flow to Sales (V02) and Days Sales in Receivable (V31).

  • governance_structure_external_audit_price_evidence_emerging_economy_zulkarnain_shamsher.pdf.jpg
  • Journal Article


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2008)

  • This study provides new evidence on the relationship between external audit price and corporate governance of the largest (based on market capitalization) 100 listed firms on both the main and second board of the Bursa Malaysia (BMB) (previously known as the Kuala Lumpur Stock Exchange). The findings show that for main board companies, external audit price is positively and significantly associated with corporate size, complexity and internal governance variable (i.e. director’s remuneration). For the second board firms, complexity, corporate size and internal governance variables (i.e. proportion of non-executive directors to total directors) were important determinants of external a...

  • governance_performance_and_risk.pdf.jpg
  • Chapter in Book


  • Authors: Musaeva, Gulzhan; Mohd Rasid, Mohamed Eskandar Shah; Ramadili Mohd, Shamsher Mohamad; Muhammad Sori, Zulkarnain (2015)

  • The body of literature on Islamic banking has expanded significantly in the recent decades. A cursory overview of it paints a picture of an uncertain future for the industry. Admittedly, Islamic banking has experienced some success globally, with an annual double digit growth rate (an average of 15% to 20% annually) in the last decade. But to maintain the momentum, the industry has to improve on a number of pertinent aspects ... Available in physical copy only (Call Number: HF 5630 I86)

  • introduction_corporate_governance.pdf.jpg
  • Chapter in Book


  • Authors: Turmin, Siti Zaidah; Osman, Mohammad Noor Hisham; Muhammad Sori, Zulkarnain; Abdul Latiff, Ahmed Razman (2015)

  • Over the last 10 years, Malaysian capital market has made significant progress in instilling an efficient and well-regulated marketplace together with a proper institutional framework for the regulation of the accounting profession. The shareholders and stakeholders interests are safeguareded through high quality corporate financial reporting and corporate governance. It is the aim of the book to provide evidence and research findings on relevant issues. This book is divided into three parts that consists of 11 separate chapters of academic research works. The chapters covered ranging from issues on corporate internet reporting practice, corporate social responsibility, corporate gov...

  • Introduction_corporate_governance_practices_in_malaysia.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Mohd Said, Ridzwana; Malek, Mazrah; Senik, Rosmila (2012)

  • The concept of corporate governance covers the question of accountability, ethics and social responsibility of companies to society and stakeholders. In recent years, especially in the wake of the economic crisis, this concept has drawn attention of public worldwide including Malaysia and forcing companies to improve their governance in the interest of strengthening investors' confidence.

Prof. Dr. Zulkarnain Muhamad Sori
author picture
Qualification: PhD, Corporate Governance and Auditing, Cardiff University, UK (2005).
Fields/Area of Specialization: Accounting, Auditing, Corporate Governance, Entrepreneurship, Finance and Takaful
Prof. Dr. Zulkarnain Muhammad Sori begin his academic career in 1999 after serving the industry for almost 5 years (i.e. in local and international organizations). He earned his PhD degree in Corporate Governance and Auditing from Cardiff Business School, Cardiff University, United Kingdom in 2005. His research and academic duties focus on Accounting and Finance disciplines with concentration on the following areas: Corporate Governance, Auditing, Financial Accounting, Ethics, Applied Finance, Financial Reporting, Entrepreneurship and Takaful. He currently serves as Deputy Director for BNP-Paribas-INCEIF Centre for Islamic Asset and Wealth Management.
Showing results 1 to 20 of 38
  • accounting_information_system_knowledge_management_case_study_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Muhammad Sori, Zulkarnain (2009)

  • This study seeks to examine the use of Accounting Information Systems (AIS) by ZBMS Sdn. Bhd., and it's contribution to the knowledge management and strategic role of the organisation. ZBMS is a company that registered in Kuala Lumpur and operate in construction industry. The company used automated AIS known as Contract Plus Financial & Project Accounting package commercially developed by a private company (ZYXW). Wide variety of people that involve in the company's operation within and outside the organisation uses accounting information generated by this system for decision-making. Based on input provided by operational level managers, the Contract Plus software produces monthly pro...

  • An_overview_of_corporate_governance_some_essentials.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • The Oxford Dictionary define 'corporate' is an adjective belonging to a corporation, while 'governance'derives from the Latin gubernare, meaning 'to steer', which implies that corporate governance involves the function of direction rather than control. Therefore, corporate governance is a function of governing a corporation.

  • audit_committee_and_auditor_independence.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Abdul Wahab, Sazali (2012)

  • The efforts towards better corporate governance practices of firms in the Malaysian capital market were started by the Securities Commission (SC) as early as 1996 in three-phased shift disclosure-based regulations (DBR). During Phase 1 (1996-1999: Flexible/Hybrid Merit Based Regime), the emphasis was to regulate on disclosure, due diligence and corporate governance. Phase 2 (January 2000: Partial DBR) still focused on corporate disclosure, due diligence and corporate governance, but included focus on promotion of accountability and self-regulation. In Phase 3 (2001 onwards: Full DBR) the SC enforced high standards of disclosure, due diligence and corporate governance as well as exerci...

  • auditor in dilemma.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Karbhari, Yusuf; Ramadili Mohd, Shamsher Mohamad; Abdul Wahab, Sazali (2013)

  • Evidence of audit failures documented worldwide have led to major criticism of the auditing professions' independence and exposed its implication on shareholders and stakeholders' interests. External auditors are expected not only be independent but more importantly must be seen to be independent when examining and attesting clients' financial statements. Auditors are expected to decide on reporting strategies without any influence from their clients' management.

  • auditor_independence_corporate_governance_zulkarnain_shamser_2015.pdf.jpg
  • Industry Article


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2015-09-29)

  • Failures of major financial institutions globally that have supposedly audited has led to major criticism of the auditing profession. The collapse of many large companies and the demise of one of the major auditing firm, Arthur Andersen, have damaged the credibility of financial statements and undermined the reputation of audit profession. Among the many explanations for these failures (like investors’ irrational exuberance, infectious greed, and foolishness; the bursting of the bubble; the impoverished morality of CEOs), the tendency of management to cook the books; the failure of the gatekeepers; and the ambiguities in application of financial reporting standards, which have encour...

  • auditor_independence_where_is_it.pdf.jpg
  • Chapter in Book


  • Authors: Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Muhammad Sori, Zulkarnain (2013)

  • We are in doubt on whether the book editors will ever publish this article that questioning the degree of auditor independence. We have repeatedly heard from colleagues (and foes) that papers that touched this issues has been sidelined by unseen upper hands from being accepted in academic publications. However, we choose to remain steadfast to express our concern about auditor indepence. In this article attempt to, albeit in a small scale, discuss and report an objective assessment of this pertinent concept.

  • autopoiesis_business_organisation_case_study_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Muhammad Sori, Zulkarnain (2009)

  • This paper discusses the literature on the concept of autopoiesis and its application to business organisations from a brand management perspective, which is claimed to be able to develop customer confidence. Autopoiesis is a psuedo-Ancient Greek word that was constructed from the two words 'auto' and 'poiesis', which denote 'self' and 'production' respectively. An autopoietic business organization is an independent and self-maintaining unity that includes component-producing processes, where the interaction between components recursively produces the same system of processes that produced them, and as a consequence, adapts spontaneously to competition. Analysis of the literature reve...

  • board characteristics and firms financial reporting quality.pdf.jpg
  • Chapter in Book


  • Authors: Nahar, Hairul Suhaimi; Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2013)

  • Post millennium period could be considered as a rejuvenation period for both issues of corporate governance and firm's financial reporting quality (FRQ) in the Asian region. Series of corporate and economic events pre and post millennium period had effectively led these intermingling issues to gain prominence in the academic and public policy debate. Primarily, academic debate has suggested that governance is an effective tool through which FRQ could be ensured (Imhoff, 2003; Rezaee, 2003).

  • challenges_facing_shariah_committees_malaysian_islamic_financial_institutions_shamsher.pdf.jpg
  • Journal Article


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhammad Sori, Zulkarnain; Mohd Rasid, Mohamed Eskandar Shah (2016)

  • An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled to ensure their business operations are Shariah-compliant, which has important implications on their reputation, Shariah governance and the future growth of Islamic finance industry. Sixteen Chairmen of the Shariah Committees of Islamic financial institutions in Malaysia were interviewed on the challenges faced in carrying out their responsibilities and theri views on effective Shariah Committees. This paper summarizes the various challenges faced by Shariah committees in Islamic financial institutions in Malaysia.

  • corporate_governance_from_a_global_perspective.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • This chapter deliberates on the international initiatives aimed at reforming and harmonizing corporate governance at a global, highlighting the difficulties of categorizing such a diversity of systems such that of the United Kingdom (UK), the United States (US), Germany and Japan. The polarization of corporate governance may have arisen from differences that exist between cultures and legal systems.

  • corporate_governance_practices_and_firms_performance_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Mohamad Mokhtar, Shabnam; Muhammad Sori, Zulkarnain; Abdul Hamid, Mohamad Ali; Zainal Abidin, Zaharuddin; Mohd Nasir, Azhar; Yaacob, Abu Sofian; Mustafa, Hasri (2009)

  • This paper examines the relationship between corporate governance practices and company performance. In this study, a Mann-Whitney U test was performed to compare the performance between 5 Malaysian companies that practice good corporate governance and 5 Malaysian companies that did not practice good corporate governance. A study by Standard & Poor's in 2004 was the main source to identify companies practicing good corporate governance and vice versa. Financial ratios namely return on assets, return on equity, earnings per share and profit margin were used as a measure of company performance. It is found that there is no difference in performance between companies that practice good c...

  • corporate_governance_practices_in_malaysia.pdf.jpg
  • Book


  • Authors: Muhammad Sori, Zulkarnain; Mohd Said, Ridzwana; Malek, Mazrah; Senik, Rosmila (2012)

  • This book contains 17 chapters contributed by authors specializing in the related areas. The objective of the book is to disseminate research findings and ideas on corporate governance issues including environmental highlights from empirical works and literature reviews. This book will provide bases of reference for companies in enhancing their governance practices as well as for future researchers.

  • item.jpg
  • PhD


  • Authors: Alhamdani, Gamal Nassar Ali (2017)

  • Technology Startups (TSs) are critical to develop economic capacity, support innovation and stimulate entrepreneurial spirit In a nation. As TSs embark on innovative and disruptive journeys, they face their biggest challenge: financing. This study aims to examine the determinants of financing among TSs in Malaysia while critically examining the role of Islamic Finance. The study adopts a triangulation methodological approach, which consists of questionnaire survey and semi-structured interviews. It focuses on Malaysian technology startups, entrepreneurs and their financing needs mainly at two stages: the early stage and the later stage . The study examines the following dependent vari...

  • effectiveness_shariah_committees_Malaysian_Islamic_financial_institutions_practical_perspective_shamsher_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Ramadili Mohd, Shamsher Mohamad; Muhammad Sori, Zulkarnain (2016-07-13)

  • An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled to ensure their business operations are Shariah-compliant has important implications on their reputation and their future growth. The Shariah Committee is a mandated requirement by the central bank on every Islamic Financial Institution (IFI) to ensure the expected level of Shariah-compliance in their business operations. Unlike their conventional counterparts that focus only on maximizing the wealth of shareholders, IFIs has an extra responsibility to protect the interests of all stakeholders (including shareholders) and ensure that no injustice of any kind...

  • financial_fiascos.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • Financial fiascos or commonly termed as scandals refer to the various kinds of frauds, scams, swindles, breaches of trust, or other wrongdoing in the corporate sector which results in huge financial losses. The greed for wealth coupled with the opportunities in a new complex financial and banking environment and the use of modern technolgy in financial transactions have mad the financial sector more vulnerable to scandals than any other sector of the economy.

  • financial_ratios_discriminant_analysis_prediction_corporate_distress_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Muhammad Sori, Zulkarnain; Abd Jalil, Hasbullah (2009)

  • This study develops a failure prediction model for Singaporean companies. The results show good performance with a highly correct categorization factuality rate of more than 80 percent. Two ratios were determined significant out of 64 financial ratios utilized in this analysis to discriminate among failed and non-failed companies. The significant variables are Cash flow to Sales (V02) and Days Sales in Receivable (V31).

  • governance_structure_external_audit_price_evidence_emerging_economy_zulkarnain_shamsher.pdf.jpg
  • Journal Article


  • Authors: Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2008)

  • This study provides new evidence on the relationship between external audit price and corporate governance of the largest (based on market capitalization) 100 listed firms on both the main and second board of the Bursa Malaysia (BMB) (previously known as the Kuala Lumpur Stock Exchange). The findings show that for main board companies, external audit price is positively and significantly associated with corporate size, complexity and internal governance variable (i.e. director’s remuneration). For the second board firms, complexity, corporate size and internal governance variables (i.e. proportion of non-executive directors to total directors) were important determinants of external a...

  • governance_performance_and_risk.pdf.jpg
  • Chapter in Book


  • Authors: Musaeva, Gulzhan; Mohd Rasid, Mohamed Eskandar Shah; Ramadili Mohd, Shamsher Mohamad; Muhammad Sori, Zulkarnain (2015)

  • The body of literature on Islamic banking has expanded significantly in the recent decades. A cursory overview of it paints a picture of an uncertain future for the industry. Admittedly, Islamic banking has experienced some success globally, with an annual double digit growth rate (an average of 15% to 20% annually) in the last decade. But to maintain the momentum, the industry has to improve on a number of pertinent aspects ... Available in physical copy only (Call Number: HF 5630 I86)

  • introduction_corporate_governance.pdf.jpg
  • Chapter in Book


  • Authors: Turmin, Siti Zaidah; Osman, Mohammad Noor Hisham; Muhammad Sori, Zulkarnain; Abdul Latiff, Ahmed Razman (2015)

  • Over the last 10 years, Malaysian capital market has made significant progress in instilling an efficient and well-regulated marketplace together with a proper institutional framework for the regulation of the accounting profession. The shareholders and stakeholders interests are safeguareded through high quality corporate financial reporting and corporate governance. It is the aim of the book to provide evidence and research findings on relevant issues. This book is divided into three parts that consists of 11 separate chapters of academic research works. The chapters covered ranging from issues on corporate internet reporting practice, corporate social responsibility, corporate gov...

  • Introduction_corporate_governance_practices_in_malaysia.pdf.jpg
  • Chapter in Book


  • Authors: Muhammad Sori, Zulkarnain; Mohd Said, Ridzwana; Malek, Mazrah; Senik, Rosmila (2012)

  • The concept of corporate governance covers the question of accountability, ethics and social responsibility of companies to society and stakeholders. In recent years, especially in the wake of the economic crisis, this concept has drawn attention of public worldwide including Malaysia and forcing companies to improve their governance in the interest of strengthening investors' confidence.