Browse by Author "Mohammed Hariri Bakri"
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- PublicationDeterminant of securitization spread in MalaysiaMohammed Hariri Bakri; Fadzlan Sufian; Shafinar Ismail; Baharom Abdul Hamid (Faculty of Economics and Business, UNIMAS, 2018)
Malaysian firms have been reported to be involved in Asset-Backed Securities since 1986 when Cagamas Bhd was the pioneer in the field. This research aims to examine the factors influencing spread in Malaysia's securitization market. In order to provide a test of stability and a choice of model, the multicollinearity test was conducted by providing information on the degree of correlation between the explanotary variables used in the multivariate regression analysis. Ordinary Least Square method was used for baseline, and panel data analysis was applied during the study period (2004-2012) for a more robust check of the analysis. The data were obtained from 90 non-financial firms or institutions and the number of observations carried out was 387. The results show that four determinants influence or contribute to the primary market spread and are statistically significant in developing securitisation in Malaysia. It can be concluded that loan to value, maturity, debt and crisis significantly contribute to the determinant primary market spread.
- PublicationDeterminants contributing to the primary market spread of securitization in MalaysiaNgau Duo Seng; Mohammed Hariri Bakri; Samer Ali Al Shami; Nurazilah Zainal; Baharom Abdul Hamid (IJICC, 2020)
During the year 1997, the Asian financial crisis disclosed the inherent weaknesses of the financial market in Asia. Organisations had an over-dependence to the banks as the primary sources of fund is one of the reasons why companies faced difficulty during the financial crisis. One of the factors that contributed to the financial crisis was that organizations failed to diversify their financing structure. It is to be noted that when organisations want to source for funds, they can either issue stocks, bonds or finance from banks locally or globally. Source capital from equity and borrowing through debt is considered difficult, expensive and will distort the financial leverage of the company. The development of securitization allows the organization to smooth up their cash flow by converting the illiquid assets into a liquid asset through a special purpose vehicle (SPV). SPV is a legally separated entity from the company or the holder of the assets. SPV can take the forms of either a trust, corporation or partnership set up just for the purchasing of the originator's assets. There are many literature pieces of research that regard the factors that contribute to the pricing of corporate bonds but there are few empirical studies on the determinants on securitization in Malaysia.
- PublicationDeterminants of spread and measuring financial performance of government staff personal loansMohammed Hariri Bakri; Shafinar Ismail; Alias Radam; Baharom Abdul Hamid (2017)
Malaysian firms have been reported to involve in Asset-Backed Securities since 1986s where Cagamas is a pioneer. This research aims to examine the factor of influencing the primary market spread and measure financial performance of RCE Marketing as case study. Ordinary Least Square (OLS) regression analysis are applied for the study period 2007-2012. The result shows two determinants influence or contribute to the primary market spread and are statistically significant for the case study for RCE Marketing. The financial performance shows that this company is resilient during global financial crisis. RCE Marketing also shows better profitability capacity and dividend payments to their investors.
- PublicationDeterminants of spread in Islamic securitisation market: empirical evidence from MalaysiaMohammed Hariri Bakri; Fadzlan Sufian; Baharom Abdul Hamid (2014)
The paper "Determinants of spread in Islamic securitisation market: empirical evidence from Malaysia" presented at 16th Malaysian Finance Association Conference (MFA2014) at Sasana Kijang Central Bank of Malaysia, Kuala Lumpur.
- PublicationDoes securitization for government staff personal loan perform?Mohammed Hariri Bakri; Nurayati Dabas; Shafinar Ismail; Baharom Abdul Hamid (Science Publishing Corporation Inc, 2018)
Malaysian firms have been reported to involve in Asset-Backed Securities since 1986s where Cagamas is a pioneer. The objective of this study to determine the primary market spread and analyze on firm financial performance. The methodology for this paper using regression analysis for the study period 2007-2012. They are three determinants that contribute and statistically significant for this research paper. The measurement of financial performance does not have any impact during subprime mortgage crisis. The firm results shows increasing profitability, reducing debt, stronger company value and shareholders earning better dividend.
- PublicationPrimary market spread determinants government staff Islamic personal financingMohammed Hariri Bakri; Fadzlan Sufian; Shafinar Ismail; Baharom Abdul Hamid (2014)
The paper "Primary market spread determinants government staff Islamic personal financing" presented at 6th International Borneo Business Conference (IBBC) 2014, Kuching, Sarawak, Malaysia.
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