Category: Finance, Banking & Taxation

This study analyzes how the off-balance sheet activities of the locally-owned commercial banks affect the banks’ performance in terms of banks’ exposure to various types of risks, bank’s profit, and the banks’ leverage. A panel data econometric regression has been done to achieve the objective. The results indicate that the relationship between the off-balance sheet… Continue reading Off-Balance Sheet Activities and Performance of Commercial Banks in Malaysia

The article discusses the country of Malaysia’s economic growth in the year 2007 because of domestic demand and public investments. The 2008 gross domestic product projections are examined with risks taken into account such as a U.S. recession, unpredictable financial markets and higher oil and food prices. The Malaysian government’s investment in the Iskandar Development… Continue reading The Malaysian Economy: Developments and Challenges

This study compares three methodologies for identifying financially distressed companies, multiple discriminant analysis (MDA), logistic regression and hazard model. In a sample of 52 distressed and non-distressed companies with a holdout sample of 20 companies, the predictions of the hazard model were accurate in 94.9 % of the cases examined. This was a higher accuracy… Continue reading Predicting Corporate Failure of Malaysia’s Listed Companies: Comparing Multiple Discriminant Analysis, Logistic Regression and the azard Model.

This report outlines the economic conditions of Malaysia in 2007-2008. Download

The paper examines Malaysian taxpayers’ perceptions of their current tax practitioner as well as the attributes of the ideal tax practitioners that they are looking for. The study shows that gender, age and education level are significantly correlated with the attributes of their ideal tax practitioners. Majority of females, in the age group over 31… Continue reading A Study of Individual Taxpayer’s Perception of Tax Practitioners in Malaysia

The article reports on the further appreciation for the Malaysian ringgit as forecasted throughout 2008 and 2009. The trend was impacted by the robust macro economic fundamentals and official tolerance for a stronger currency. However, two risks have been anticipated for the recent forecast including a sharper slowdown in the U.S. which will further depress… Continue reading MYR: Further Gains In 2008

The empirical results provide three interesting findings. First, the results indicate that both the US and the Japanese markets appear to be playing a significant role in transmitting the mean and volatility spillover effects in the Pacific-Basin region. Second, while the US market appeared to be more influential during the pre-crisis period, the Japanese market… Continue reading The Impact of Asian Financial Crisis and the Spillover Effects on Three Pacific-Basin Stock Markets–Malaysia, Singapore and Hong Kong

By applying the non-parametric Data Envelopment Analysis (DEA) method this paper attempts to investigate the efficiency of Malaysian Non-Bank Financial Institutions (NBFIs), during the period of 2000–2004. Our results suggest that the merchant banks have exhibited mean overall efficiency of 78.1% while the finance companies’ mean overall efficiency was 91.3%.  Source International Research Journal of… Continue reading The Efficiency of Non-Bank Financial Institutions: Empirical Evidence from Malaysia

The article offers a forecast for the Malaysian ringgit in 2008 and 2009. The authors predict an ascent in the ringgit against the U.S. dollar by the end of the said periods underpinned by robust economic growth and account surplus. They cite the potential reintroduction of offshore trading in the ringgit due to strong balance… Continue reading MYR: Heading To 3.00 In 2008.

The central idea of market microstructure changes is to gain market efficiency. Since 1990, Bursa Malaysia has made various changes to the market microstructure, including the introduction of computerized trading, a central depository system, and efficient clearing and settlement systems. This study determines whether market microstructure changes affect market efficiency using the time to equilibrium… Continue reading Market Microstructure Changes and Time to Equilibrium (TTE)? Evidence Bursa Malaysia