Browsing by Author Hassan, Taufiq

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Showing results 1 to 14 of 14
  • 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).

  • capital_adequacy_lending_deposit_behaviours_conventional_islamic_banks_shamser.pdf.jpg
  • Journal Article


  • Authors: Abdul Karim, Mastura; Hassan, M. Kabir; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad (2014)

  • Capital adequacy plays an important role in determining banking activities. A bank must hold a minimum level of capital to ensure sufficient funds to buffer against unexpected losses or adverse shocks. This study analyzes and compares Islamic and conventional banks in 14 Organization of Islamic Conference (OIC) countries from 1999 to 2009. The empirical evidence suggests that capital requirements have a significant impact on the deposit and lending behaviors of the 52 Islamic banks (IBs) and 186 conventional banks (CBs) in the sample. There is a strong positive relationship between capital requirements and deposit and loan growth for both IBs and CBs

  • do_Malaysian_horizontal_mergers_acquisitions_create_value_shamsher.pdf.jpg
  • Journal Article


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

  • This article examines the value-added phenomenon of Malaysian horizontal merger and acquisition activities (M&A) in the long run for the period 1994–2010. In this regard, this article used economic value-added (EVA) approach and cost-efficiency approach (stochastic frontier analysis (SFA)) to investigate synergistic benefits. The findings suggest that bidder firms experience no significant improvement in operating and financial efficiencies in the long run. Specifically, the operating performance of bidder firms deteriorated after the merger exercise, whereas the target firms had no significant improvement in operating performance over the same period. In summary, the findings suggest...

  • Does a firm's political connection to government have economic value.pdf.jpg
  • Journal Article


  • Authors: Chow-meng Chen; Ariff, Mohamed; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad (2013)

  • This paper reports new findings about differential impacts political events have on share prices of firms connected to government in power compared to firms with no political connections. Political connection has been alleged as valuable in popular press in this mid-income economy studied, so it is worth an investigation. Significant share price increases of 4% or more abnormal returns accrue to connected firms relative to unconnected firms when identical political events occur. The impact is very pronounced during a severe economic crisis, when the stakes were high about an incumbent government being re-elected. Our finding of higher value of politically connected firms is due to the...

  • efficiency_conventional_versus_islamic_banks_evidence_middle_east_shamsher.pdf.jpg
  • Journal Article


  • Authors: Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad; Bader, Mohammed Khaled I. (2009)

  • This paper aims to investigate the differences in mean cost, revenue and profit efficiency scores of conventional versus Islamic banks. It also aims to examine the effect of size and age on cost, revenue and profit efficiency of the sampled banks. This study evaluates a cross-country level data compiled from the financial statements of 40 banks in 11 Organisation of Islamic Conference (OIC) countries over the period 1990-2005. The data were collected for each year available from the BankScope database. The DEA nonparametric efficiency approach originally developed by Farrell was applied to analyse the data. The findings suggest no significant differences between the overall efficiency...

  • Is_the_long_term_profit_rate_of_Malaysian_shamsher.pdf.jpg
  • Journal Article


  • Authors: Adejoke, Adesina-Uthman Ganiyat; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad; Hassan, M. Kabir (2013)

  • Decomposition of yield curves is important for pricing of fixed income instruments, inflation management, and modeling term structure of interest rates. Therefore, this study investigates whether the long term profit rate of different classes of Sukuk (Islamic bond) is a viable predictor of future spot profit rates. Data on Malaysian Sukuk from 2001-2010 was used to estimate yield curves and forward rates. Regression findings suggest that the forward rate is a weak predictor of future spot profit rate, implying long term profit rates are not average of future spot rate s on long term Sukuk. The findings do not support the expectation hypothesis. However, comparison with securities of ...

  • ownership_structures_productivity_Indonesia_Malaysia.pdf.jpg
  • Journal Article


  • Authors: Sukmadilaga, Citra; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2017)

  • The relationship between ownership structures and company performance has been issue of interest among academics, investors and policy-makers. So far, there are still inconclusive findings that family and state ownership giving positive or negative impact on firm performance. This study employed technical efficiency and Malmquist productivity index to measure firm performance. Period of this study will be conduct from 1992 to 2007. Result of this study revealed that Technical efficiency study in Indonesia showed that state owned enterprises (SOEs) had better performance than family owned enterprises (FOEs) since SOEs' performance increased more stably during research period. Meanwhile...

  • 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; Muhammad 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 1 to 14 of 14
  • 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).

  • capital_adequacy_lending_deposit_behaviours_conventional_islamic_banks_shamser.pdf.jpg
  • Journal Article


  • Authors: Abdul Karim, Mastura; Hassan, M. Kabir; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad (2014)

  • Capital adequacy plays an important role in determining banking activities. A bank must hold a minimum level of capital to ensure sufficient funds to buffer against unexpected losses or adverse shocks. This study analyzes and compares Islamic and conventional banks in 14 Organization of Islamic Conference (OIC) countries from 1999 to 2009. The empirical evidence suggests that capital requirements have a significant impact on the deposit and lending behaviors of the 52 Islamic banks (IBs) and 186 conventional banks (CBs) in the sample. There is a strong positive relationship between capital requirements and deposit and loan growth for both IBs and CBs

  • do_Malaysian_horizontal_mergers_acquisitions_create_value_shamsher.pdf.jpg
  • Journal Article


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

  • This article examines the value-added phenomenon of Malaysian horizontal merger and acquisition activities (M&A) in the long run for the period 1994–2010. In this regard, this article used economic value-added (EVA) approach and cost-efficiency approach (stochastic frontier analysis (SFA)) to investigate synergistic benefits. The findings suggest that bidder firms experience no significant improvement in operating and financial efficiencies in the long run. Specifically, the operating performance of bidder firms deteriorated after the merger exercise, whereas the target firms had no significant improvement in operating performance over the same period. In summary, the findings suggest...

  • Does a firm's political connection to government have economic value.pdf.jpg
  • Journal Article


  • Authors: Chow-meng Chen; Ariff, Mohamed; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad (2013)

  • This paper reports new findings about differential impacts political events have on share prices of firms connected to government in power compared to firms with no political connections. Political connection has been alleged as valuable in popular press in this mid-income economy studied, so it is worth an investigation. Significant share price increases of 4% or more abnormal returns accrue to connected firms relative to unconnected firms when identical political events occur. The impact is very pronounced during a severe economic crisis, when the stakes were high about an incumbent government being re-elected. Our finding of higher value of politically connected firms is due to the...

  • efficiency_conventional_versus_islamic_banks_evidence_middle_east_shamsher.pdf.jpg
  • Journal Article


  • Authors: Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad; Bader, Mohammed Khaled I. (2009)

  • This paper aims to investigate the differences in mean cost, revenue and profit efficiency scores of conventional versus Islamic banks. It also aims to examine the effect of size and age on cost, revenue and profit efficiency of the sampled banks. This study evaluates a cross-country level data compiled from the financial statements of 40 banks in 11 Organisation of Islamic Conference (OIC) countries over the period 1990-2005. The data were collected for each year available from the BankScope database. The DEA nonparametric efficiency approach originally developed by Farrell was applied to analyse the data. The findings suggest no significant differences between the overall efficiency...

  • Is_the_long_term_profit_rate_of_Malaysian_shamsher.pdf.jpg
  • Journal Article


  • Authors: Adejoke, Adesina-Uthman Ganiyat; Hassan, Taufiq; Ramadili Mohd, Shamsher Mohamad; Hassan, M. Kabir (2013)

  • Decomposition of yield curves is important for pricing of fixed income instruments, inflation management, and modeling term structure of interest rates. Therefore, this study investigates whether the long term profit rate of different classes of Sukuk (Islamic bond) is a viable predictor of future spot profit rates. Data on Malaysian Sukuk from 2001-2010 was used to estimate yield curves and forward rates. Regression findings suggest that the forward rate is a weak predictor of future spot profit rate, implying long term profit rates are not average of future spot rate s on long term Sukuk. The findings do not support the expectation hypothesis. However, comparison with securities of ...

  • ownership_structures_productivity_Indonesia_Malaysia.pdf.jpg
  • Journal Article


  • Authors: Sukmadilaga, Citra; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2017)

  • The relationship between ownership structures and company performance has been issue of interest among academics, investors and policy-makers. So far, there are still inconclusive findings that family and state ownership giving positive or negative impact on firm performance. This study employed technical efficiency and Malmquist productivity index to measure firm performance. Period of this study will be conduct from 1992 to 2007. Result of this study revealed that Technical efficiency study in Indonesia showed that state owned enterprises (SOEs) had better performance than family owned enterprises (FOEs) since SOEs' performance increased more stably during research period. Meanwhile...

  • 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; Muhammad 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.