Zichu Jin, Mukhriz Izraf Azman Aziz, Muhammad Airil Syafiq Mohd Khalid, Zerdoumi Saber
{"title":"MAPPING NOWCASTING IN MACROECONOMICS RESEARCH: A BIBLIOMETRIC ANALYSIS","authors":"Zichu Jin, Mukhriz Izraf Azman Aziz, Muhammad Airil Syafiq Mohd Khalid, Zerdoumi Saber","doi":"10.51200/lbibf.v19i2.3319","DOIUrl":"https://doi.org/10.51200/lbibf.v19i2.3319","url":null,"abstract":"This study adopted a bibliometric analysis that aims to examine the current dynamics of nowcasting implementation in macroeconomics. All data are obtained from the Scopus database. Based on the keywords used, which are related to the nowcasting and macroeconomic words searching, where the terms appear in the title, keywords, or abstract, the study managed to obtain 231 documents for further analysis. We mapped the recent application of nowcasting in macroeconomics by analyzing the subsequent trends, publications status based on source title, country and institution, and used VOSviewer to examine the publication's citations pattern. We found that nowcasting has caught more and more attention for government institutions. Early studies have been done for developed countries for forecasting macroeconomic variables, and this trend is now expanding to developing countries. We conclude that the potential for nowcasting in improving the current macroeconomic situation for a country is high. The findings of this study will motivate researchers to evaluate the scientific area of nowcasting. With the government and institutional interest in this issue, researchers and practitioners should thoroughly analyze and pay attention to this research domain. The advanced financial techniques implemented in the nowcasting are expected to help manage considerable uncertainty in both the current and future international macroeconomic environments.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121060645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"SHARIAH GOLD INVESTMENT IN MALAYSIA: PROSPECTS AND CHALLENGES","authors":"Hani Amirah Juisin","doi":"10.51200/lbibf.v19i2.3356","DOIUrl":"https://doi.org/10.51200/lbibf.v19i2.3356","url":null,"abstract":"Malaysia encompasses three types of offerings in gold investment platform. The often and traditional way of gold investing is through physical gold investment. The physical gold investment includes of gold bar, gold wafer, gold coin and to name a few. Since the development of the banking system, Gold Investment Account (GIA) or Gold Savings Account (GSA) was emerging beginning from the year of 2010 in Malaysia. Following, the advancement and sophisticated of financial technology (FinTech), blockchain has launched for the sake of convenience in terms of time and cost of gold storing. Notably, there are two approaches of gold investing in Malaysia viz shariah-based gold investment and conventional-based gold investment. Accordingly, this paper explores the focal of prospects and challenges on shariah gold investment in Malaysia to tap the gap of scarce studies examining the prospects and issues in gold investment. Indeed, Muslims are vital for choosing and involved on the shariah-based products and services in daily life. The gold services provider must adhere to the needs of the Shariah essence on gold transaction. The reason is to avoid the breaching on the Shariah law as well as biased to other parties. Therefore, this paper adopts the qualitative research method for the discussion. It perhaps may help and shed some light towards Shariah gold investment from the context of Malaysia.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115376814","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"BOARD DIVERSITY AND PRICE INFORMATIVENESS FOR MALAYSIAN TOP 100 PUBLIC LISTED FIRMS","authors":"Ai-Yee Ooi, Minah Japang, Suzillah Sidek","doi":"10.51200/lbibf.v19i2.3364","DOIUrl":"https://doi.org/10.51200/lbibf.v19i2.3364","url":null,"abstract":"This study examines the relationship between the diversity of board members and the price informativeness in the top 100 Malaysian public listed firms. By incorporating a series of the corporate governance and firm characteristic control variables, our findings indicate a negative relationship between ethnic diversity and price informativeness, suggesting that a less diverse board led to a more informative stock price. Nevertheless, gender diversity shows no significant impact. When the sample is divided into board with foreign director(s) and without foreign director, we find that the influence of ethnic diversity on price informativeness does not hold in the former firms. Our overall results imply that less ethnic diversity board reduces internal disagreement during board meetings. The existence of foreign directors mitigates the disagreement and thus undermine the influence of board ethnic diversity on price informativeness. Distinctively, our finding suggests that board foreign investors reduce the asymmetry information by importing corporate governance, yielding essential implications for policy makers.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122011811","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"SOCIALLY SUSTAINABLE SUPPLY CHAIN MANAGEMENT: A SYSTEMATIC LITERATURE REVIEW","authors":"A. Gugkang, L. Hendry","doi":"10.51200/lbibf.v19i2.3342","DOIUrl":"https://doi.org/10.51200/lbibf.v19i2.3342","url":null,"abstract":"This paper presents a critical review of the relevant literature on socially sustainable supply chain management (SSCM). A systematic literature review of 291 papers that includes social sustainability published in peer-reviewed journals was conducted. The research contents of each papers were analyzed to identify the common themes, theories and methods which has been employed in the extant literature. The findings of this paper include the discussion of key research gaps, with a specific focus on research areas in social sustainability in the supply chain that needs to be addressed. Finally, the discussion on the opportunities for future research is presented.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133351335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Siti Nor Bayaah Ahmad, A. Omar, Syarifah Rahamah Amirul, O. Dousin
{"title":"INFLUENCE OF PERSONAL VALUES OF LUXURY COSMETIC BRAND IDENTIFICATION ON CONSUMER BRAND LOYALTY","authors":"Siti Nor Bayaah Ahmad, A. Omar, Syarifah Rahamah Amirul, O. Dousin","doi":"10.51200/lbibf.v19i2.3215","DOIUrl":"https://doi.org/10.51200/lbibf.v19i2.3215","url":null,"abstract":"Brand loyalty is critical for a business to remain relevant in the market. Within the context of luxury sustainable practises, business has committed to sustainable business practises through its luxury brands, sending a strong message to the community about their commitment to the environment and community development. We are attempting to determine the factors that influence brand identification and loyalty in order to complete this research. The study's research objectives were accomplished through the use of an area sampling survey model in several major cities throughout Malaysia. The data were analysed using a structural equation model with partial least squares (PLS-SEM). Three dimensions of personal value, namely environmental consciousness, health consciousness, and appearance consciousness, as well as identification with a brand, were discovered to be significant predictors of consumer brand loyalty. The outcome provides practical advice that the Malaysian cosmetics industry can implement. The marketer's role will be to not only reinforce the brand's established positive perception, but also to forge a strong consumer-brand relationship. Additional research is required to address the study's limitations and to add to the body of knowledge on this subject.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115526271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"RE-EXAMINING THE IMPACT OF GLOBALISATION ON ECONOMIC GROWTH: EVIDENCE FROM SOUTH AMERICA","authors":"Muhammad Ariff Azhan Bin Norli, Yee-Ee Chia","doi":"10.51200/lbibf.v19i2.3361","DOIUrl":"https://doi.org/10.51200/lbibf.v19i2.3361","url":null,"abstract":"This study aims to re-examine the relationship between globalisation and economic growth in nine South America countries using the new KOF globalisation index. The new improvement version of globalisation index contains 43 variables compare to only 23 variables in the Dreher (2006) version which is more precisely quantifies the all-encompassing concept of globalisation. The new index of globalisation includes both de facto and de jure measures that would influence economic growth differently in certain countries. The data spanning a 17-year period from 2002-2018. Our baseline pooled Ordinary Least Squares (OLS) regression model finds that globalisation is positively and significantly associated with higher economic growth. This suggests that globalisation improves growth in overall South America countries. Hence, our key findings are supported with a battery of robustness tests, namely Fama MacBeth, quantile regression, and firm fixed effects.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115996480","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"DOES DIVIDEND POLICY AFFECT FIRM VALUE IN AN EMERGING MARKET?: EVIDENCE FROM MALAYSIAN FIRMS","authors":"M. Bakri","doi":"10.51200/lbibf.v19i1.3383","DOIUrl":"https://doi.org/10.51200/lbibf.v19i1.3383","url":null,"abstract":"This study examines the relationship between dividend and firm value in Malaysian firms. The study uses pooled Ordinary Least Square, panel fixed, and random effect to examine the model. Using a sample from 659 firms across Malaysia from 2005 to 2019, the results reveal that dividend has a positive relationship with firm value proxy by Tobin’s Q. Moreover, the results are robust even after controlling for endogeneity concerns regarding omitted variables bias.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123750640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Nurjeehan Binti Ayub, Md Hafizi Bin Ahsan @ Miskam, Nur Shahirah Binti Azman
{"title":"FACTORS DETERMINING BLENDED LEARNING RECEPTIVENESS AMONG MALAYSIAN ACADEMICIANS","authors":"Nurjeehan Binti Ayub, Md Hafizi Bin Ahsan @ Miskam, Nur Shahirah Binti Azman","doi":"10.51200/lbibf.v19i1.2938","DOIUrl":"https://doi.org/10.51200/lbibf.v19i1.2938","url":null,"abstract":"This study aimed to reveal the level of blended learning receptiveness among Malaysian academicians strictly during the Covid-19 pandemic, and applied the Theory of Planned Behaviour (TPB) in examining the factors determining blended learning receptiveness among Malaysian academicians. Malaysian higher learning institutions practised blended learning following learning method efficiencies and the significance of the Malaysia Education Blueprint 2025. Five independent variables (attitudes, subjective norms, and perceived behavioural control, organisational assistance, and literacy) were investigated in the study context. Specifically, 250 questionnaires were distributed to respondents during the working hours of chosen private universities. Smart Partial least squares (PLS) analysis tool is employed to examine the model fits and hypothesis testing. Findings show that all variables have a positive and significant relationship with the receptiveness of blended learning among academicians. Thus, this study shows that blended learning receptiveness is high, especially during pandemic and lockdown situations. This study proved essential for Malaysian academicians, specifically regarding blended learning utilisation and implementation. As blended learning was predictably time-consuming and deterred the implementation process, this study strived to promote blended learning among Malaysian educators. The Covid-19 pandemic resulted in the complete utilisation of blended learning using digital platforms. Most academicians could not conduct face-to-face classes due to the restrictions on physical contact. Hence, this study proved essential for educators in wholly implementing blended learning amid the outbreak.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117185106","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Samsulbahri, N. Ishak, Haneffa Muchlis Gazali, Pg Mohd Faezul Fikri Ag Omar, Nurul Izzati Abd Razak
{"title":"FACTORS INFLUENCING THE INVESTMENT DECISION BEHAVIOUR AMONG YOUNG MUSLIM ADULTS IN MALAYSIA","authors":"M. Samsulbahri, N. Ishak, Haneffa Muchlis Gazali, Pg Mohd Faezul Fikri Ag Omar, Nurul Izzati Abd Razak","doi":"10.51200/lbibf.v19i1.2929","DOIUrl":"https://doi.org/10.51200/lbibf.v19i1.2929","url":null,"abstract":"The main objective of the study is to explore the factors influencing the investment decision behaviour among young Muslim adults in Malaysia, and in turn highlight gaps that exist in the academic literature on the variables. Particularly, the study employs the Theory of Planned Behaviour as the main framework with additional variables, namely financial literacy, herding behaviour, and perceived taqwa. This paper highlights the discussion on TPB factors and their relationship with investment decision behaviour among young Muslim adults. The outcome of this study shows that almost all variables are deemed to be associated with investment decision behaviour. This study provides a better understanding of young Muslim adults’ investment decision behaviour among academicians, regulators and practitioners. The paper extends the understanding of TPB to newly emerging contexts such as financial literacy, herding behaviour, and perceived taqwa in understanding factors influencing the investment decision behaviour among young Muslim adults.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116987563","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"I’LL BE BACK – ARE SHOCKS TO COVID-19 TOTAL CONFIRMED CASES PERMANENT OR TRANSITORY?","authors":"Chiu Yue Wan, Tuck Cheong Tang","doi":"10.51200/lbibf.v19i1.2726","DOIUrl":"https://doi.org/10.51200/lbibf.v19i1.2726","url":null,"abstract":"The objective of this study is to examine the possible next wave(s) of Covid-19 for 209 countries. The data are total confirmed cases of Covid-19 for the periods spanning between 31 December 2019 and 5 October 2020. The results of unit root tests with a breakpoint suggest 34% (71 countries) of the countries worldwide are transitory (stationary). That is, the shocks such as lockdown have inappropriate effects on the cases of Covid-19. Their next wave of Covid-19 is determining. A 44% (91 countries) of the total has their total confirmed cases of Covid-19 permanent (a unit root), indicating that the next wave is unlikely after the shocks. Other countries are inconclusive. Different continents deliver different findings. This study is relevant to policymakers in both fiscal and monetary policies, as well as international business and finance.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"110 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131765534","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}