Browsing by Topic Conventional finance::Economics

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Showing results 36 to 45 of 95
  • figure_massaging_practices_malaysian_firms_fraudulent_bello.pdf.jpg
  • Journal Article


  • Authors: Sulaiman, Saliza; Danbatta, Bello Lawal; Abdul Rahman, Rashidah (2014)

  • This empirical paper was aimed at exploring and analyzing the earnings management practices which is often refers to as “Figure Massaging”. The aim of this study is to gather further evidences as to whether these practices constituted an act of misconduct or fraud while taking into consideration the modern business environment's challenges. The analysis provided us with an appropriate evidence that on average, the listed alleged fraud firms in Malaysia had aggressively managed their reported earnings prior to the alleged fraud year and continue to smoothen their earnings subsequent to alleged fraud year through both accruals and real earnings management.

  • finance_other_services_sectors_peninsular_malaysia_sabah_sarawak_testing_stochastic_convergence_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Mohd Tahir, Hirnissa; Abdul Hamid, Baharom (2012)

  • In the last four decades, the financial services sector has becoming more important for the Malaysian economy. Despite gaining importance for enhancing economic growth, the contribution of the finance sector to the total services real Gross Domestic Product (GDP) has been ranked second in Peninsular Malaysia, third in Sabah and fourth in Sarawak. The purpose of the present paper is to determine whether the contribution of the financial services sector in the three regions in Malaysia, namely Peninsular Malaysia, Sabah and Sarawak show any distinct pattern. In the jargon of economic development literature, we seek to determine whether there is “convergence” or similarity in the pattern...

  • financial_constraint_firm_investment_malaysia_investigation_investment_cash_flow_relationship_mansor_pisal.pdf.jpg
  • Journal Article


  • Authors: Ismail, Mohd Adib; Ibrahim, Mansor H.; Yusoff, Mohammed; Zainal, Mohd-Pisal (2010)

  • This paper investigates the presence of financial constraints among firms in Malaysia using firm level panel data analysis. The empirical results based on panel GMM demonstrate that financial constraints are present in the market, which indicate that the firms are unable to access to external forms of financing. In addition, the presence also signifies the presence of asymmetric information problem between the firm and its financer. Thus, the neoclassical investment theory which based on assumption of complete information such that only factor prices and technology determine firm’s desired capital stock is simply rejected. Eventually, their investments are much affected by fluctuation...

  • item.jpg
  • Journal Article


  • Authors: Baharumshah, Ahmad Zubaidi; Chan, Tze Haw; Mohammed Masih, Abul Mansur; Lau, Evan (2011)

  • In this article, we investigate the financial linkages between the East Asian economies with Japan and the United States. We test for long-run Real Interest-rate Parity (RIP) using an array of panel-data techniques, including recent techniques developed by Breuer et al. (2002) and Carrion-i-Silvestre et al. (2005). This study offers two important results: first, the failure to account for structural breaks in the industrialized countries and Asian emerging economies is likely to provide evidence of nonstationary series that are stationary. Second, we found strong evidence that the parity condition holds in all the Asian countries. The failure of earlier studies to confirm mean reversi...

  • forecasting_inflation_malaysia_mansor_pisal.pdf.jpg
  • Journal Article


  • Authors: Duasa, Jarita; Ahmad, Nursilah; Ibrahim, Mansor H.; Zainal, Mohd-Pisal (2010)

  • This paper aims to identify the best indicator in forecasting inflation in Malaysia. In methodology, the study constructs a simple forecasting model that incorporates the indicator/variable using the vector error correction (VECM) model of quasi-tradable inflation index and selected indicators: commodity prices, financial indicators and economic activities. For each indicator, the forecasting horizon used is 24 months and the VECM model is applied for seven sample windows over sample periods starting with the first month of 1980 and ending with the 12th month of every 2 years from 1992 to 2004. The degree of independence of each indicator from inflation is tested by analyzing the vari...

  • fundamentals_microeconomics_cover.jpg.jpg
  • Book


  • Authors: Hasan, Zubair; Lehar, Habibah (2011)

  • This book is cover numerous topics such as demand and supply, market equilibrium, elasticity, consumer choice theory, cost theory, theory of production and many others including one chapter that deals with environmental issues.

  • house_prices_bank_credits_Malaysia_aggregate_disaggregate_analysis_mansor_siong.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Siong, Hook Law (2014)

  • The paper investigates the long run behavior of house prices and their dynamic interactions with bank credits, real output and interest rate for the case of Malaysia. Apart from the aggregate house prices, the analysis also covers various house price sub-indices, namely, the terraced house price index, the semi-detached house price index, the detached house price index and the high-rise price index. From the aggregate perspective, we note the presence of a long run relation among the variables. Moreover, the findings suggest the long run causality that runs from the included variables to both the aggregate house prices and bank credits. Dynamic interactions between house prices and ba...

  • house_price‐stock_price_relations_thailand_empirical_analysis_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2010)

  • The purpose of this paper is to empirically evaluate the wealth and credit-price effects in the relations between housing prices and stock prices for Thailand using quarterly data from 1995 to 2006. The analysis relies on a four-variable vector autoregression (VAR) framework consisting of house prices, stock prices, real output and consumer prices. Granger causality tests, impulse-response functions and variance decompositions simulated from the estimated VAR systems are adopted as bases for inferences. The results obtained from Granger causality tests, impulse response functions and variance decompositions all suggest a unidirectional causality that runs from stock prices to house pr...

  • how_inflationary_oil_price_hikes_disaggregated _bok_Thailand_using_symmetric_asymmetric_cointegration_models_mansor_kanokwan.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Chancharoenchai, Kanokwan (2014)

  • The present paper analyzes the inflationary effects of oil prices at the aggregate and disaggregated levels for Thailand using symmetric and asymmetric cointegration and error-correction modeling approaches. The cointegration test results suggest the presence of long-run relations between oil prices and the following price indices: aggregate consumer price index, non-food and beverage price index, housing and furnishing price index, energy price index, non-raw food and energy price index and transportation and communication price index. Meanwhile, food and beverage price index and raw food price index are not cointegrated with the oil prices. From the dynamic analyses, we uncover evid...

  • Human Capital and Economic Growth_Does Gender Matter_baharom.PDF.jpg
  • Academic Proceeding


  • Authors: N., Shalini; Abdul Hamid, Baharom; Kaur, Harpaljit (2012)

  • This study is set out to investigate the linkages between Economic Growth and Human Capital by Gender and Level of Education. The panel data was averaged at 7 points based on a sample of 62 countries spanning over the years 1970 to 1999. The Dynamic Panel System Generalized Method of Moments (SGMM) was employed on an Autoregressive Distributed Lag Model (ARDL) to analyze the effect of gender on the economic growth, which is the best method given the short time period and large cross sectional characteristic. Control variables such as gross capital formation, export volume, population and year effects were also decoded in order to obtain a more accurate and robust result trend. The dat...

Browsing by Topic Conventional finance::Economics

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 36 to 45 of 95
  • figure_massaging_practices_malaysian_firms_fraudulent_bello.pdf.jpg
  • Journal Article


  • Authors: Sulaiman, Saliza; Danbatta, Bello Lawal; Abdul Rahman, Rashidah (2014)

  • This empirical paper was aimed at exploring and analyzing the earnings management practices which is often refers to as “Figure Massaging”. The aim of this study is to gather further evidences as to whether these practices constituted an act of misconduct or fraud while taking into consideration the modern business environment's challenges. The analysis provided us with an appropriate evidence that on average, the listed alleged fraud firms in Malaysia had aggressively managed their reported earnings prior to the alleged fraud year and continue to smoothen their earnings subsequent to alleged fraud year through both accruals and real earnings management.

  • finance_other_services_sectors_peninsular_malaysia_sabah_sarawak_testing_stochastic_convergence_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Mohd Tahir, Hirnissa; Abdul Hamid, Baharom (2012)

  • In the last four decades, the financial services sector has becoming more important for the Malaysian economy. Despite gaining importance for enhancing economic growth, the contribution of the finance sector to the total services real Gross Domestic Product (GDP) has been ranked second in Peninsular Malaysia, third in Sabah and fourth in Sarawak. The purpose of the present paper is to determine whether the contribution of the financial services sector in the three regions in Malaysia, namely Peninsular Malaysia, Sabah and Sarawak show any distinct pattern. In the jargon of economic development literature, we seek to determine whether there is “convergence” or similarity in the pattern...

  • financial_constraint_firm_investment_malaysia_investigation_investment_cash_flow_relationship_mansor_pisal.pdf.jpg
  • Journal Article


  • Authors: Ismail, Mohd Adib; Ibrahim, Mansor H.; Yusoff, Mohammed; Zainal, Mohd-Pisal (2010)

  • This paper investigates the presence of financial constraints among firms in Malaysia using firm level panel data analysis. The empirical results based on panel GMM demonstrate that financial constraints are present in the market, which indicate that the firms are unable to access to external forms of financing. In addition, the presence also signifies the presence of asymmetric information problem between the firm and its financer. Thus, the neoclassical investment theory which based on assumption of complete information such that only factor prices and technology determine firm’s desired capital stock is simply rejected. Eventually, their investments are much affected by fluctuation...

  • item.jpg
  • Journal Article


  • Authors: Baharumshah, Ahmad Zubaidi; Chan, Tze Haw; Mohammed Masih, Abul Mansur; Lau, Evan (2011)

  • In this article, we investigate the financial linkages between the East Asian economies with Japan and the United States. We test for long-run Real Interest-rate Parity (RIP) using an array of panel-data techniques, including recent techniques developed by Breuer et al. (2002) and Carrion-i-Silvestre et al. (2005). This study offers two important results: first, the failure to account for structural breaks in the industrialized countries and Asian emerging economies is likely to provide evidence of nonstationary series that are stationary. Second, we found strong evidence that the parity condition holds in all the Asian countries. The failure of earlier studies to confirm mean reversi...

  • forecasting_inflation_malaysia_mansor_pisal.pdf.jpg
  • Journal Article


  • Authors: Duasa, Jarita; Ahmad, Nursilah; Ibrahim, Mansor H.; Zainal, Mohd-Pisal (2010)

  • This paper aims to identify the best indicator in forecasting inflation in Malaysia. In methodology, the study constructs a simple forecasting model that incorporates the indicator/variable using the vector error correction (VECM) model of quasi-tradable inflation index and selected indicators: commodity prices, financial indicators and economic activities. For each indicator, the forecasting horizon used is 24 months and the VECM model is applied for seven sample windows over sample periods starting with the first month of 1980 and ending with the 12th month of every 2 years from 1992 to 2004. The degree of independence of each indicator from inflation is tested by analyzing the vari...

  • fundamentals_microeconomics_cover.jpg.jpg
  • Book


  • Authors: Hasan, Zubair; Lehar, Habibah (2011)

  • This book is cover numerous topics such as demand and supply, market equilibrium, elasticity, consumer choice theory, cost theory, theory of production and many others including one chapter that deals with environmental issues.

  • house_prices_bank_credits_Malaysia_aggregate_disaggregate_analysis_mansor_siong.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Siong, Hook Law (2014)

  • The paper investigates the long run behavior of house prices and their dynamic interactions with bank credits, real output and interest rate for the case of Malaysia. Apart from the aggregate house prices, the analysis also covers various house price sub-indices, namely, the terraced house price index, the semi-detached house price index, the detached house price index and the high-rise price index. From the aggregate perspective, we note the presence of a long run relation among the variables. Moreover, the findings suggest the long run causality that runs from the included variables to both the aggregate house prices and bank credits. Dynamic interactions between house prices and ba...

  • house_price‐stock_price_relations_thailand_empirical_analysis_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2010)

  • The purpose of this paper is to empirically evaluate the wealth and credit-price effects in the relations between housing prices and stock prices for Thailand using quarterly data from 1995 to 2006. The analysis relies on a four-variable vector autoregression (VAR) framework consisting of house prices, stock prices, real output and consumer prices. Granger causality tests, impulse-response functions and variance decompositions simulated from the estimated VAR systems are adopted as bases for inferences. The results obtained from Granger causality tests, impulse response functions and variance decompositions all suggest a unidirectional causality that runs from stock prices to house pr...

  • how_inflationary_oil_price_hikes_disaggregated _bok_Thailand_using_symmetric_asymmetric_cointegration_models_mansor_kanokwan.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Chancharoenchai, Kanokwan (2014)

  • The present paper analyzes the inflationary effects of oil prices at the aggregate and disaggregated levels for Thailand using symmetric and asymmetric cointegration and error-correction modeling approaches. The cointegration test results suggest the presence of long-run relations between oil prices and the following price indices: aggregate consumer price index, non-food and beverage price index, housing and furnishing price index, energy price index, non-raw food and energy price index and transportation and communication price index. Meanwhile, food and beverage price index and raw food price index are not cointegrated with the oil prices. From the dynamic analyses, we uncover evid...

  • Human Capital and Economic Growth_Does Gender Matter_baharom.PDF.jpg
  • Academic Proceeding


  • Authors: N., Shalini; Abdul Hamid, Baharom; Kaur, Harpaljit (2012)

  • This study is set out to investigate the linkages between Economic Growth and Human Capital by Gender and Level of Education. The panel data was averaged at 7 points based on a sample of 62 countries spanning over the years 1970 to 1999. The Dynamic Panel System Generalized Method of Moments (SGMM) was employed on an Autoregressive Distributed Lag Model (ARDL) to analyze the effect of gender on the economic growth, which is the best method given the short time period and large cross sectional characteristic. Control variables such as gross capital formation, export volume, population and year effects were also decoded in order to obtain a more accurate and robust result trend. The dat...