Browsing by Topic Conventional finance

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Showing results 202 to 211 of 265
  • rationalizing_value_premium_emerging_markets_eskandar.pdf.jpg
  • Journal Article


  • Authors: Ebrahim, Muhammed-Shahid; Girmab, Sourafel; Mohd Rasid, Mohamed Eskandar Shah; William, Jonathan (2014)

  • We reconfirm the presence of value premium in emerging markets. Using the Brazil–Turkey–India–China (BTIC) grouping during a period of substantial economic growth and stock market development, we attribute the premium to the investment patterns of glamour firms. We conjecture based on empirical evidence that glamour firms hoard cash, which delays undertaking of growth options, especially in poor economic conditions. Whilst this helps to mitigate business risk, it lowers market valuations and drives down expected returns. Our evidence supports arguments that the value premium is explained by economic fundamentals rather than a risk factor that is common to all firms

  • item.jpg
  • Journal Article


  • Authors: Masih, Rumi; Mohammed Masih, Abul Mansur (2000)

  • Unlike the findings of Mah (1994) [Mah, J.S. (1994) Japanese Import Demand Behaviour: The Cointegration Approach. Journal of Policy Modeling 16:291-298] who, based on the Engle-Granger test of cointegration, fails to find evidence of a long-run relationship among variables associated with an import demand function for Japan, in this analysis the Johansen's MLE multivariate cointegration procedure reveals that such variables seem to be cointegrated, and thus share a long-run equilibrium relationship. Furthermore, the recently prescribed Stock and Watson (1993) Dynamic OLS (DOLS) procedure, which, apart from being superior to a number of alternative estimators, is robust to small sample...

  • recent_ongoing_advances_econometric_methodology_applied_research_mm.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur (2009)

  • Introduction: Conventional regression techniques and non-cointegrated VARs. The following were the major alternative approaches to modeling up until, say, 1990: 1.1 Large scale macro models that typically involve: i. distinguishing exogenous and endogenous variables; ii. imposing restrictions of shortrun dynamics to achieve identification; iii. estimation usually by OLS or IV and are used for simulations. Examples are Fed Reserve Bank Model, Reserve Bank of Australia Model, Chris Murphy Model of Australian economy, London Business School Model, Fair Model of the US economy. 1.2 NonCointegrated VAR Models: Unrestricted, Bayesian and Structural VAR forms: i. Unrestricted VAR is freq...

  • Regional_spillovers_across_transitioning_emerging_and_frontier_equity_markets_ginanjar_rumi_masih.pdf.jpg
  • Journal Article


  • Authors: Dewandaru, Ginanjar; Masih, Rumi; Mohammed Masih, Abul Mansur (2017)

  • The episodic wave of crises experienced across the global financial markets over the past two decades has raised questions surrounding the vulnerability of transitioning emerging and frontier equity markets to exogenous shocks. These markets, by design, have lacked the institutional or financial architecture supporting their capital base compared to more established markets. We make the initial attempt to examine four such stock markets (Saudi Arabia, UAE, South Africa and Israel). We perform multi-timescale analysis using wavelet-based time and frequency decompositions in order to investigate (i) whether the shocks transmitted were pure contagion or fundamental-based and (ii) also wh...

  • regional_spillovers_economic_growth_neighbouring_countries_matter_sabah_sarawak_baharom.PDF.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Awang Marikan, Dayang Affizzah; Puah, Chin Hong; Abdul Hamid, Baharom (2013)

  • The objective of the present paper is to address the question whether the economic development of the neighbouring countries, states or provinces have impacted the states of Sabah and Sarawak or vice versa. Using annual data for the period 1968 to 2003, results indicate that the growth of the state of Sarawak is affected by the growth of Brunei Darussalam, Sabah, West Kalimantan and East Kalimantan and the economy of Sabah is affected by the economies of Brunei, Sarawak and East Kalimantan.

  • item.jpg
  • PhD


  • Authors: Putri Swastika (2017)

  • Islamic finance is often criticized for its non-practicality in today's modern economics. The principles of promoting exchange and prohibition of interest-rate based transactions are understood as endorsing risk sharing economic system is said to be incompatible in an open and modern market like today. This view was contrary to the spirit of the 2012 Kuala Lumpur Declaration, where Islamic-scholars, jurisprudents, and economists all vouched to force the enactment of risk sharing principle into our economic system. Available in physical copy only (Call Number: t HB 171.5 P993)

  • research in accounting vol 2_rosmila_zaidi_zulkarnain.pdf.jpg
  • Book


  • Authors: Senik, Rosmila; Mat Daud, Zaidi; Muhammad Sori, Zulkarnain (2009)

  • This book is written with the aim of providing reading and reference materials of accounting related studies that have been carried out in the Malaysian context. It will not only assist students and young researchers in conducting future research but can also be a source of reference to policymakers, implementer and relevant agencies in designing national policies. This book covers the area of corporate governance, accounting information system, financial reporting, performance measurement system, ethics, internal control and syari'ah based accounting.

  • research issues in accounting_zulkarnain.pdf.jpg
  • Chapter in Book


  • Authors: Senik, Rosmila; Mat Daud, Zaidi; Muhammad Sori, Zulkarnain (2009)

  • This book consists of eleven selected research in accounting issues, which are looking from Malaysian context. The issues are ranging from attributes of ethical practices as part of management control system and practices, issues related to external auditing and board of directors (BOD) as corporate governance mechanisms, performance management systems design, use and development status, security threats of computerised accounting information system (CAIS) and urgent needs for the knowledge and applications of Syari'ah based Accounting (SbA) as Islamic Capital Market (ICM) is rapidly developing throughtout the world, including Malaysia.

  • review_unemployment_labor_force_participantion_rate_evidence_sweden_united_states_urban_china_baharom.pdf.jpg
  • Journal Article


  • Authors: Kanapathy, Ravi; Abdul Hamid, Baharom (2013)

  • The purpose of this paper is to review the empirical study of the long-run relationship between unemployment rates and labor force participation rates in the Sweden, United State and urban China. In Sweden, Osterholm (2010) investigated whether unemployment and labor force participation is an issue that has important implications for theory, empirical modeling & policy in labour and macroeconomics. On the other hand Liu (2011) analyzed pattern and trends in labor force participation rate & employment in urban for the past few decade in China. Emerson (2011) did the study for United States on unemployment and labour force participation. While Emerson (2011) and Osterholm (2010) results...

  • risk_sharing_public_finance_azura_abbas.pdf.jpg
  • Journal Article


  • Authors: Mirakhor, Abbas; Othman, Azura (2014)

  • Dominant macroeconomic policy regimes are anchored on the interest based debt finance that has created a divergence between the real sector and the financial sector of the economy. Uncertainty has been growing regarding the adequacy of current policy regimes to provide sustainable solutions to contemporary economic problems and challenges, including improvement in the quality of life in addition to the traditional objective of achieving growth with price stability. Policy tools that provide an incentive structure for closing the gap between financial and real sectors of the economy and at the same time enhance social solidarity through the mutual sharing of risks and return could prov...

Browsing by Topic Conventional finance

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 202 to 211 of 265
  • rationalizing_value_premium_emerging_markets_eskandar.pdf.jpg
  • Journal Article


  • Authors: Ebrahim, Muhammed-Shahid; Girmab, Sourafel; Mohd Rasid, Mohamed Eskandar Shah; William, Jonathan (2014)

  • We reconfirm the presence of value premium in emerging markets. Using the Brazil–Turkey–India–China (BTIC) grouping during a period of substantial economic growth and stock market development, we attribute the premium to the investment patterns of glamour firms. We conjecture based on empirical evidence that glamour firms hoard cash, which delays undertaking of growth options, especially in poor economic conditions. Whilst this helps to mitigate business risk, it lowers market valuations and drives down expected returns. Our evidence supports arguments that the value premium is explained by economic fundamentals rather than a risk factor that is common to all firms

  • item.jpg
  • Journal Article


  • Authors: Masih, Rumi; Mohammed Masih, Abul Mansur (2000)

  • Unlike the findings of Mah (1994) [Mah, J.S. (1994) Japanese Import Demand Behaviour: The Cointegration Approach. Journal of Policy Modeling 16:291-298] who, based on the Engle-Granger test of cointegration, fails to find evidence of a long-run relationship among variables associated with an import demand function for Japan, in this analysis the Johansen's MLE multivariate cointegration procedure reveals that such variables seem to be cointegrated, and thus share a long-run equilibrium relationship. Furthermore, the recently prescribed Stock and Watson (1993) Dynamic OLS (DOLS) procedure, which, apart from being superior to a number of alternative estimators, is robust to small sample...

  • recent_ongoing_advances_econometric_methodology_applied_research_mm.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur (2009)

  • Introduction: Conventional regression techniques and non-cointegrated VARs. The following were the major alternative approaches to modeling up until, say, 1990: 1.1 Large scale macro models that typically involve: i. distinguishing exogenous and endogenous variables; ii. imposing restrictions of shortrun dynamics to achieve identification; iii. estimation usually by OLS or IV and are used for simulations. Examples are Fed Reserve Bank Model, Reserve Bank of Australia Model, Chris Murphy Model of Australian economy, London Business School Model, Fair Model of the US economy. 1.2 NonCointegrated VAR Models: Unrestricted, Bayesian and Structural VAR forms: i. Unrestricted VAR is freq...

  • Regional_spillovers_across_transitioning_emerging_and_frontier_equity_markets_ginanjar_rumi_masih.pdf.jpg
  • Journal Article


  • Authors: Dewandaru, Ginanjar; Masih, Rumi; Mohammed Masih, Abul Mansur (2017)

  • The episodic wave of crises experienced across the global financial markets over the past two decades has raised questions surrounding the vulnerability of transitioning emerging and frontier equity markets to exogenous shocks. These markets, by design, have lacked the institutional or financial architecture supporting their capital base compared to more established markets. We make the initial attempt to examine four such stock markets (Saudi Arabia, UAE, South Africa and Israel). We perform multi-timescale analysis using wavelet-based time and frequency decompositions in order to investigate (i) whether the shocks transmitted were pure contagion or fundamental-based and (ii) also wh...

  • regional_spillovers_economic_growth_neighbouring_countries_matter_sabah_sarawak_baharom.PDF.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Awang Marikan, Dayang Affizzah; Puah, Chin Hong; Abdul Hamid, Baharom (2013)

  • The objective of the present paper is to address the question whether the economic development of the neighbouring countries, states or provinces have impacted the states of Sabah and Sarawak or vice versa. Using annual data for the period 1968 to 2003, results indicate that the growth of the state of Sarawak is affected by the growth of Brunei Darussalam, Sabah, West Kalimantan and East Kalimantan and the economy of Sabah is affected by the economies of Brunei, Sarawak and East Kalimantan.

  • item.jpg
  • PhD


  • Authors: Putri Swastika (2017)

  • Islamic finance is often criticized for its non-practicality in today's modern economics. The principles of promoting exchange and prohibition of interest-rate based transactions are understood as endorsing risk sharing economic system is said to be incompatible in an open and modern market like today. This view was contrary to the spirit of the 2012 Kuala Lumpur Declaration, where Islamic-scholars, jurisprudents, and economists all vouched to force the enactment of risk sharing principle into our economic system. Available in physical copy only (Call Number: t HB 171.5 P993)

  • research in accounting vol 2_rosmila_zaidi_zulkarnain.pdf.jpg
  • Book


  • Authors: Senik, Rosmila; Mat Daud, Zaidi; Muhammad Sori, Zulkarnain (2009)

  • This book is written with the aim of providing reading and reference materials of accounting related studies that have been carried out in the Malaysian context. It will not only assist students and young researchers in conducting future research but can also be a source of reference to policymakers, implementer and relevant agencies in designing national policies. This book covers the area of corporate governance, accounting information system, financial reporting, performance measurement system, ethics, internal control and syari'ah based accounting.

  • research issues in accounting_zulkarnain.pdf.jpg
  • Chapter in Book


  • Authors: Senik, Rosmila; Mat Daud, Zaidi; Muhammad Sori, Zulkarnain (2009)

  • This book consists of eleven selected research in accounting issues, which are looking from Malaysian context. The issues are ranging from attributes of ethical practices as part of management control system and practices, issues related to external auditing and board of directors (BOD) as corporate governance mechanisms, performance management systems design, use and development status, security threats of computerised accounting information system (CAIS) and urgent needs for the knowledge and applications of Syari'ah based Accounting (SbA) as Islamic Capital Market (ICM) is rapidly developing throughtout the world, including Malaysia.

  • review_unemployment_labor_force_participantion_rate_evidence_sweden_united_states_urban_china_baharom.pdf.jpg
  • Journal Article


  • Authors: Kanapathy, Ravi; Abdul Hamid, Baharom (2013)

  • The purpose of this paper is to review the empirical study of the long-run relationship between unemployment rates and labor force participation rates in the Sweden, United State and urban China. In Sweden, Osterholm (2010) investigated whether unemployment and labor force participation is an issue that has important implications for theory, empirical modeling & policy in labour and macroeconomics. On the other hand Liu (2011) analyzed pattern and trends in labor force participation rate & employment in urban for the past few decade in China. Emerson (2011) did the study for United States on unemployment and labour force participation. While Emerson (2011) and Osterholm (2010) results...

  • risk_sharing_public_finance_azura_abbas.pdf.jpg
  • Journal Article


  • Authors: Mirakhor, Abbas; Othman, Azura (2014)

  • Dominant macroeconomic policy regimes are anchored on the interest based debt finance that has created a divergence between the real sector and the financial sector of the economy. Uncertainty has been growing regarding the adequacy of current policy regimes to provide sustainable solutions to contemporary economic problems and challenges, including improvement in the quality of life in addition to the traditional objective of achieving growth with price stability. Policy tools that provide an incentive structure for closing the gap between financial and real sectors of the economy and at the same time enhance social solidarity through the mutual sharing of risks and return could prov...