Browsing by Author Hassan, Taufiq

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  • performance of islamic banks and conventional banks.pdf.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Badar, Mohammad K.; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2011)

  • In this chapter an attempt is made for the first time to assess the financial performance of Islamic banks and conventional banks by choosing a matched sample of banks to assess their financial performance across the world over a lenghty period. Islamic banking is based on replacing the pre-fixed-interest-based bank deposit-cum-lending activities with risk-sharing and profit-sharing principles advocated by Islam, which in turn appears to be consistent with the social norms of pre-modern societies prior to the rise of interest-based-fractioning banking in the last 200 years, which refers to the fractional-reserve banking from the close of the 18th century.

  • political_patronage_firm performance_further_evidence_from_malaysia_shamser.pdf.jpg
  • Journal Article


  • Authors: Hassan, Taufiq; Hassan, M. Kabir; Ramadili Mohd, Shamsher Mohamad; Chen, Chaw Min (2012)

  • This paper investigates the characteristics, performance, and share price reaction of politically connected firms versus a control sample of independent firms in Malaysia. Politically connected firms had higher level of leverage, lower profitability, and lower sales to profitability, and paid lower taxes and lower dividends compared to independent firms. Their share prices increase with the announcement of favorable political events. In terms of performance, the active rent-seeking activities in return for preferential treatment produce comparable performance to independent firms during an economic upturn. However, their performance deteriorates more than independent firms during an e...

  • private_placement_share_prices_volume_financial_crisis_emerging_market_study_ariff_shamser.pdf.jpg
  • Journal Article


  • Authors: M., Normazia; Hassan, Taufiq; Ariff, Mohamed; Ramadili Mohd, Shamsher Mohamad (2013)

  • Firms are increasingly resorting to private placements in recent years, yet there is no published study of emerging markets. There is a unique opportunity to study this behavior during a severe financial crisis, when firms resorted to private placements to recover financially distressed firms. Our analysis using data over fifteen years shows (a) a significant 2–3% positive share price reaction, affirming asymmetric information effect, (b) a significant volume activity, and (c) the price impact is different across a period of a major financial crisis. If the proceeds from placement are earmarked for investment, share price is negatively (positively) correlated during the crisis (non-cr...

  • productivity and spillover effect_shamsher.pdf.jpg
  • Journal Article


  • Authors: Nai, Chiek Aik; Hassan, M. Kabir; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad (2015)

  • This paper aims to examine the productivity and spillover effect of Malaysian horizontal merger and acquisition (M&A) activities in the long run. In terms of analytical tools, economic value added (EVA) and data envelopment analysis (DEA) are used. The results of this study reveal that M&As in the absence of antitrust laws could be driven by managerial self-interest to create market power instead of realizing synergistic gains. Also, in Malaysia, the non-merging rival firms have significantly higher productivity improvement than the control bidder firms, and therefore, this study has identified the spillover effect as a behavior of M&A reaction. This paper differs from previous studie...

  • assets_liabilities_ gap_management_conventional_islamic_banks_organization_islamic_cooperation_(oic)_countries_shamser.pdf.jpg
  • Journal Article


  • Authors: Poi, Hun Sun; Hassan, M. Kabir; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad (2014)

  • This article focuses on the short- and long-term assets and liabilities gap and the determinants of net interest/profit margins of both conventional banks and Islamic banks in the Organization of Islamic Cooperation countries over the period from 1997 to 2010. The results show that both conventional and Islamic banks have negative short-term gaps and positive long-term gaps. These indicate that banks use short-term deposits and funding to finance long-term loans, advances and investments, taking into consideration refinancing and reinvestment risks. The findings also show that operating cost is a significant determinant of bank margins and important factor to improve quality of manage...

  • behaviour_ MENA_oil_non_oil_producing_countries _international_portfolio_optimization_shamser.pdf.jpg
  • Journal Article


  • Authors: Mansourfar, Gholamreza; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2010)

  • It is well documented in developed economies that portfolio investment across national borders brings benefits of increasing returns and/or reducing risk. Dividing MENA stock markets into two main groups (oil producing and non-oil producing countries), this study examines the potential role of each group in providing diversification benefits for international investors. In addition, the behavior of the long and the short-run Efficient Frontiers (EFs) constructed by each of the sub-groups and the combined MENA markets is explored. Multi-objective international portfolio models are proposed under Mean-Variance and Mean-Lower Partial Moment frameworks, and the Multiple Fitness Function G...

  • understanding_malaysia_unique_governance.pdf.jpg
  • Chapter in Book


  • Authors: Nahar, Hairul Suhaimi; Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2012)

  • Prior research examining corporate governance issues across jurisdictional boundaries and market specificity (emerging and otherwise) have commonly adopted the functionalist approach of exploring governance implications towards specific economic phenomena covering among others, firm's performance and its reporting behaviour. These studies have utilized common research methods (often archival modeling) and theories (economic and management based) subscribing to the positivist paradigm in understanding specific research phenomena.

Browsing by Author Hassan, Taufiq

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 9 to 15 of 15
  • performance of islamic banks and conventional banks.pdf.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Badar, Mohammad K.; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2011)

  • In this chapter an attempt is made for the first time to assess the financial performance of Islamic banks and conventional banks by choosing a matched sample of banks to assess their financial performance across the world over a lenghty period. Islamic banking is based on replacing the pre-fixed-interest-based bank deposit-cum-lending activities with risk-sharing and profit-sharing principles advocated by Islam, which in turn appears to be consistent with the social norms of pre-modern societies prior to the rise of interest-based-fractioning banking in the last 200 years, which refers to the fractional-reserve banking from the close of the 18th century.

  • political_patronage_firm performance_further_evidence_from_malaysia_shamser.pdf.jpg
  • Journal Article


  • Authors: Hassan, Taufiq; Hassan, M. Kabir; Ramadili Mohd, Shamsher Mohamad; Chen, Chaw Min (2012)

  • This paper investigates the characteristics, performance, and share price reaction of politically connected firms versus a control sample of independent firms in Malaysia. Politically connected firms had higher level of leverage, lower profitability, and lower sales to profitability, and paid lower taxes and lower dividends compared to independent firms. Their share prices increase with the announcement of favorable political events. In terms of performance, the active rent-seeking activities in return for preferential treatment produce comparable performance to independent firms during an economic upturn. However, their performance deteriorates more than independent firms during an e...

  • private_placement_share_prices_volume_financial_crisis_emerging_market_study_ariff_shamser.pdf.jpg
  • Journal Article


  • Authors: M., Normazia; Hassan, Taufiq; Ariff, Mohamed; Ramadili Mohd, Shamsher Mohamad (2013)

  • Firms are increasingly resorting to private placements in recent years, yet there is no published study of emerging markets. There is a unique opportunity to study this behavior during a severe financial crisis, when firms resorted to private placements to recover financially distressed firms. Our analysis using data over fifteen years shows (a) a significant 2–3% positive share price reaction, affirming asymmetric information effect, (b) a significant volume activity, and (c) the price impact is different across a period of a major financial crisis. If the proceeds from placement are earmarked for investment, share price is negatively (positively) correlated during the crisis (non-cr...

  • productivity and spillover effect_shamsher.pdf.jpg
  • Journal Article


  • Authors: Nai, Chiek Aik; Hassan, M. Kabir; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad (2015)

  • This paper aims to examine the productivity and spillover effect of Malaysian horizontal merger and acquisition (M&A) activities in the long run. In terms of analytical tools, economic value added (EVA) and data envelopment analysis (DEA) are used. The results of this study reveal that M&As in the absence of antitrust laws could be driven by managerial self-interest to create market power instead of realizing synergistic gains. Also, in Malaysia, the non-merging rival firms have significantly higher productivity improvement than the control bidder firms, and therefore, this study has identified the spillover effect as a behavior of M&A reaction. This paper differs from previous studie...

  • assets_liabilities_ gap_management_conventional_islamic_banks_organization_islamic_cooperation_(oic)_countries_shamser.pdf.jpg
  • Journal Article


  • Authors: Poi, Hun Sun; Hassan, M. Kabir; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad (2014)

  • This article focuses on the short- and long-term assets and liabilities gap and the determinants of net interest/profit margins of both conventional banks and Islamic banks in the Organization of Islamic Cooperation countries over the period from 1997 to 2010. The results show that both conventional and Islamic banks have negative short-term gaps and positive long-term gaps. These indicate that banks use short-term deposits and funding to finance long-term loans, advances and investments, taking into consideration refinancing and reinvestment risks. The findings also show that operating cost is a significant determinant of bank margins and important factor to improve quality of manage...

  • behaviour_ MENA_oil_non_oil_producing_countries _international_portfolio_optimization_shamser.pdf.jpg
  • Journal Article


  • Authors: Mansourfar, Gholamreza; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2010)

  • It is well documented in developed economies that portfolio investment across national borders brings benefits of increasing returns and/or reducing risk. Dividing MENA stock markets into two main groups (oil producing and non-oil producing countries), this study examines the potential role of each group in providing diversification benefits for international investors. In addition, the behavior of the long and the short-run Efficient Frontiers (EFs) constructed by each of the sub-groups and the combined MENA markets is explored. Multi-objective international portfolio models are proposed under Mean-Variance and Mean-Lower Partial Moment frameworks, and the Multiple Fitness Function G...

  • understanding_malaysia_unique_governance.pdf.jpg
  • Chapter in Book


  • Authors: Nahar, Hairul Suhaimi; Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2012)

  • Prior research examining corporate governance issues across jurisdictional boundaries and market specificity (emerging and otherwise) have commonly adopted the functionalist approach of exploring governance implications towards specific economic phenomena covering among others, firm's performance and its reporting behaviour. These studies have utilized common research methods (often archival modeling) and theories (economic and management based) subscribing to the positivist paradigm in understanding specific research phenomena.