 Book
Authors: Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Abdul Latiff, Ahmed Razman; Muhamad Sori, Zulkarnain (2015)  This book incorporates selected empirical studies in accounting and finance. All studies were conducted in Malaysia content except one based on Egyptian data. We presented a total of nine chapters. One introductory chapter is followed by one chapter on issues related to auditing. Furthermore, we have two chapters on taxation, a chapter on accounting education and corporate governance respectively, and three chapters on finance. It is hoped that the book is of great value to readers for its meaningful contribution to progress in knowledge, policy making and practice.

 Chapter in Book
Authors: Muhamad Sori, Zulkarnain; Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Abdul Latiff, Ahmed Razman (2015)  This book contains a compilation of studies on selected issues in accounting and finance. These studies are conducted in Malaysian context except one study based in Egypt. The studies cover significant topics in auditing, taxation, accounting education, corporate governance and finance.

 Journal Article
Authors: Habibullah, Muzafar Shah; Din, Badariah H.; Saari, M. Yusof; Abdul Hamid, Baharom (2016)  This paper explores the link between the shadow economy and financial sector development in Malaysia for the period 19712013. We calculate the size of the shadow economy by using the modifiedcashdepositsratio approach recently developed by Pickhardt and Sardia (2011). We investigate the contention made by Blackburn et al. (2012) that financial sector development can mitigate shadow economy, higher level of financial sector development lead to lower level of shadow economy. Our results show that there is a nonlinear longrun relationship between shadow economy and financial sector development in Malaysia, an invertedU shape curve, suggesting that at lower (higher) level of financ...

 Journal Article
Authors: Ibrahim, Mansor H. (2010)  This paper describes the return patterns of six ASEAN markets (Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) using an autoregressive exponential GARCHin mean model, also known as AREGARCH(1, 1)M. Estimating the model for each market using daily data from August 2000 to May 2010, we find these markets generally have quick meanreversion speeds but quite distinct patterns of return dynamics. In the Indonesian market, the evidence seems to strongly suggest asymmetric mean reversion and overreaction of the market during downturns. The Vietnamese market exhibits the most persistent return autocorrelation with some evidence pointing to higher persistence during ...

 Journal Article
Authors: Baaquie, Belal E.; Pan, Tang (2012)  The simulation of the Libor Market Model (LMM) is extensively studied in the frame work of quantum finance.The imperfectly correlated Libor rates are simulated based on a Gaussian quantum field and a recursion equation of nontrivial stochastic drift. The Libor options are studied using both the simulation method and the analytical formula. The caplet price of simulation is compared with Black's caplet formula which can be exactly derived from the LMM. The invariance of caplet price for different forward bond numeraire is verified by using the simulation. The simulation results for coupon bond options and swaptions are compared with the approximate price, which are limited for the reas...

 Journal Article
Authors: Ibrahim, Mansor H.; Siong, Hook Law (2014)  The present paper examines the mitigating effect of social capital on the environmental Kuznets curve (EKC) for CO2 emissions using a panel data of 69 developed and developing countries. Adopting generalised method of moments (GMM) estimators, the paper finds evidence substantiating the presence of EKC. Moreover, the evidence suggests that the pollution costs of economic development tend to be lower in countries with higher social capital reservoir. Surprisingly, there is also evidence to indicate that the income threshold point beyond which CO2 emissions decline is higher in countries with higher social capital. These results are robust to addition of alternative controlled variables...

 Chapter in Book
Authors: Siong, Hook Law; Ibrahim, Mansor H. (2013)  In the 1990s, institutions became an important area of focus when investigating the process of financial development and the success or failure of financial reforms. This was partly a consequence of many developing conuntries that had liberalized their financial systems to realize the expected benefits from such reforms.

 Journal Article
Authors: Baaquie, Belal E.; Miao, Yu (2018)  The statistical theory of commodity prices has been formulated by Baaquie (2013). Further empirical studies of single (Baaquie et al., 2015) and multiple commodity prices (Baaquie et al., 2016) have provided strong evidence in support the primary assumptions of the statistical formulation. In this paper, the model for spot prices (Baaquie, 2013) is extended to model futures commodity prices using a statistical field theory of futures commodity prices. The futures prices are modeled as a two dimensional statistical field and a nonlinear Lagrangian is postulated. Empirical studies provide clear evidence in support of the model,
with many nontrivial features of the model finding unexpec...

 Journal Article
Authors: Baaquie, Belal E. (2013)  A statistical generalization is made of microeconomics in the spirit of going from classical to statistical mechanics. The price and quantity of every commodity1 traded in the market, at each instant of time, is considered to be an independent random variable: all prices and quantities are considered to be stochastic processes, with the observed market prices being a random sample of the stochastic prices. The dynamics of market prices is determined by an action functional and, for concreteness, a specific model is proposed. The model can be calibrated from the unequal time correlation of the market commodity prices. A perturbation expansion for the correlation functions is defined in...

 Journal Article
Authors: Baaquie, Belal E. (2016)  A review is made of the statistical generalization of microeconomics by Baaquie (Baaquie 2013 Phys. A 392, 44004416. (doi:10.1016/j.physa.2013.05.008)), where the market price of every traded commodity, at each instant of time, is considered to be an independent random variable. The dynamics of commodity market prices is given by the unequal time correlation function and is modelled by the Feynman path integral based on an action functional. The correlation functions of the model are defined using the path integral. The existence of the action functional for commodity prices that was postulated to exist in Baaquie (Baaquie 2013 Phys. A 392, 44004416. (doi:10.1016/j.physa.2013.05.008...
