Borneo Journal of Social Sciences and Humanities最新文献_第7页

The Identification of Bugis Dwellings in Kubu Raya District 库布拉雅地区布吉族民居的鉴定

Borneo Journal of Social Sciences and Humanities Pub Date : 2020-01-01 DOI: 10.35370/bjssh.2019.1.2-05

{"title":"The Identification of Bugis Dwellings in Kubu Raya District","authors":"","doi":"10.35370/bjssh.2019.1.2-05","DOIUrl":"https://doi.org/10.35370/bjssh.2019.1.2-05","url":null,"abstract":"Pontianak is a city where the composition of its population consists of various ethnic groups which have migrated and participated in establishing the city, one of which is Bugis. Bugis has been recognized as an ethnic group which has successfully accustomed to the local environment and culture but still maintain their own. One of the characteristics of their culture is represented on their dwellings. In Kubu Raya District, there are three Bugis dwellings which were established by the third generation of Bugis descendants. This research concerned in comparing them with the Bugis houses in South Sulawesi, the city where this tribe originated. The method of sample selection was based on the age of the dwellings, the status quo of the owner that must be the third generation of Bugis descendant and there are no significant changes in the dwellings. The results of the study indicate that there are similarities and differences between the samples and the Bugis Houses in South Sulawesi, particularly in terms of their functions, space arrangement, and mass configuration. The mass configuration in the Bugis Houses in South Sulawesi confirms that the social status of homeowners was also found in all samples. However, the differences in the way Bugis in Kubu Raya function and arrange the space proves that there has been an assimilation between the culture of Bugis and Malay. This prompts the Bugis houses in Kubu Raya to have different spaces with the Bugis houses in South Sulawesi and the same space as the house of the local Malay.","PeriodicalId":173200,"journal":{"name":"Borneo Journal of Social Sciences and Humanities","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133364391","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}

引用次数: 0

Issues and Challenges In the Production of Handicrafts by Iban and Orang Ulu Women in Central Sarawak 沙捞越中部伊班和奥朗乌鲁妇女手工艺品生产中的问题和挑战

Borneo Journal of Social Sciences and Humanities Pub Date : 2020-01-01 DOI: 10.35370/bjssh.2019.1.2-10

Song, Rh Jarop, Kanowit, Rh Alexander Luntang, Belaga, Rh Bawan

{"title":"Issues and Challenges In the Production of Handicrafts by Iban and Orang Ulu Women in Central Sarawak","authors":"Song, Rh Jarop, Kanowit, Rh Alexander Luntang, Belaga, Rh Bawan","doi":"10.35370/bjssh.2019.1.2-10","DOIUrl":"https://doi.org/10.35370/bjssh.2019.1.2-10","url":null,"abstract":"Malaysia has made an effort to protect handicrafts under Jabatan Warisan Negara and promote small scale production under the Malaysian Handicraft Development Corporation. There is also an NGO working to promote and preserve handicrafts in Sarawak, such as the Society Atelier Sarawak. Seven of Sarawak’s handicraft have been awarded the prestigious UNESCO/World Crafts Award of Excellence in 2016. However, at the grass root level amidst the efforts to promote handicraft industry in Malaysia, the scenario differs. This paper aims to identify issues and problems faced by Iban women who are involved in handicraft production in Central Sarawak. This research employs a qualitative approach through in-depth interview and participatory rural appraisal. A total of 17 longhouses were visited for the study and interviews were conducted on 34 women who were involved in handicraft production. Findings show that the main type of handicraft are mat, weaved textile (pua kumbu), beads jewelleries and accessories, baskets, bags and souvenir items like key chain. The main reasons for continuing the tradition includes interest, way of life and self-consumption and seeking for additional income.","PeriodicalId":173200,"journal":{"name":"Borneo Journal of Social Sciences and Humanities","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122299886","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}

引用次数: 1

Influence of the features and encounters affecting PPA, 2007 on implementation in tertiary institutions in Bauchi State, Nigeria 影响《2007年购电协议》的特点和遭遇对尼日利亚包奇州高等院校实施的影响

Borneo Journal of Social Sciences and Humanities Pub Date : 2020-01-01 DOI: 10.35370/bjssh.2019.1.2-03

Aminu Umar Sa’ad, Y. Ibrahim, Dr Musa M Muktar, MU. Sa’ad

{"title":"Influence of the features and encounters affecting PPA, 2007 on implementation in tertiary institutions in Bauchi State, Nigeria","authors":"Aminu Umar Sa’ad, Y. Ibrahim, Dr Musa M Muktar, MU. Sa’ad","doi":"10.35370/bjssh.2019.1.2-03","DOIUrl":"https://doi.org/10.35370/bjssh.2019.1.2-03","url":null,"abstract":"Public Procurement Act 2007 (PPA, 2007) embraces the prevailing public procurement legal framework in Nigeria passed in 2007 to reinforce competition among procurement practitioners, ensure strict observance to due process in public expenditure, block wastages and outflows of public funds arising from public contracts, and certify that the core procurement principles of accountability, clearness, honesty, equality, economy, and competition is achieved in public institutions in Nigeria. As such, this study aimed to evaluating the features and encounters on the implementation of the PPA, 2007 in tertiary institutions in Bauchi State. The study adopted quantitative approach using descriptive and exploratory design. Data were collected through questionnaire survey from 80 respondents using purposive sampling. The data collected were subjected to analysis using mean ranking to identify the features, encounters and the level of implementation of PPA, 2007. Also, multiple regression was been used to assess the influence of the features and encounters affecting PPA, 2007 on implementation. The study revealed that the features and encounters are highly significant with 52% and 56% effect size on the dependent variable. Also, the study indicated that implementation of PPA, 2007 and enforcement usage in the study area is moderate. Thus, the study recommends that PPA, 2007 be amended in such a way that appointment of procurement officers in all public institutions be clearly stated in terms of appointment criteria such as profession, academic qualification, and professional experience and qualifications. The result perhaps, will help eradicate the culture of having non-professionals with no procurement related expertise being saddled with the responsibility of coordinating procurement activities and processes in the public in institutions in Nigeria.","PeriodicalId":173200,"journal":{"name":"Borneo Journal of Social Sciences and Humanities","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129997848","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}

引用次数: 0

Working Capital Management and Firm Performance: An Empirical Study for Malaysian Public Listed Companies in Property Industry 营运资金管理与企业绩效:马来西亚房地产上市公司的实证研究

Borneo Journal of Social Sciences and Humanities Pub Date : 2020-01-01 DOI: 10.35370/bjssh.2019.1.2-06

Sim Siew Ling, A. Ali, Winnie Wong Poh Ming

{"title":"Working Capital Management and Firm Performance: An Empirical Study for Malaysian Public Listed Companies in Property Industry","authors":"Sim Siew Ling, A. Ali, Winnie Wong Poh Ming","doi":"10.35370/bjssh.2019.1.2-06","DOIUrl":"https://doi.org/10.35370/bjssh.2019.1.2-06","url":null,"abstract":"Over the erstwhile two decades, complexity and dynamism of the business environment have postulated greater devotion of treasurer to possess meticulously comprehension on the principal driving forces for the firm’s performance. Working capital management is a compelling managerial decision-making in attaining the exemplary which counterbalances between short-term risk and return. This study contemplates furnishing certain intuition for the appositeness of contemporaneous literature as regards the effectiveness of managing short-term resources towards the firm’s performance. This study adopts dynamic panel data methodology, generalised method of moments (GMM) to capture for the unobserved time-invariant firm-specific elements. Using a sample of 72 Malaysian public companies listed on Bursa Malaysia in property economy sector from years 2007 through 2016, the researcher discovered evidence as follows: the coefficient findings implying insignificant negative linkage between working capital components (i.e. CCC) and firm performance indicators (Tobin’s Q) and the nonconformity of results as comparable with prior established literature from developed nations due to the divergent of business environment as well as the adoption of different methodology to test the model.","PeriodicalId":173200,"journal":{"name":"Borneo Journal of Social Sciences and Humanities","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127603332","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}

引用次数: 2

Do Firms Change Dividend Policy After Certified or Revoked Shariah-Compliant Status? A Study of Dividend Payout Decisions on Firms in Bursa Malaysia 公司在获得或撤销符合伊斯兰教法的资格后是否会改变股息政策?马来西亚证券交易所公司股利支付决策研究

Borneo Journal of Social Sciences and Humanities Pub Date : 2020-01-01 DOI: 10.35370/bjssh.2019.1.2-09

Rabuan Mantine, M. Jais

{"title":"Do Firms Change Dividend Policy After Certified or Revoked Shariah-Compliant Status? A Study of Dividend Payout Decisions on Firms in Bursa Malaysia","authors":"Rabuan Mantine, M. Jais","doi":"10.35370/bjssh.2019.1.2-09","DOIUrl":"https://doi.org/10.35370/bjssh.2019.1.2-09","url":null,"abstract":"Based on the profit sharing concept of Islamic investment, payment of annual dividend is a method of wealth distribution for profits earned by firms. However dividend payout is not compulsory in conventional investment. Among the reasons to hold back dividend payment is for investment purposes which is necessary for both wealth maintenance and growth. Of course, if the investment rate is very high, the present shareholders or investors are deprived of wealth distribution for the benefit of future investors which is against the spirit of profit and losssharing of a partnership in Islam. The question is, would firms change their dividend policy to cater for tacit requirement of divident payment by Islamic investment once certified shariahcompliant status and reverses the policy when shariah-compliant status revoked? Hence, this study, investigates the impacts of the shariah-compliant status of firms in Bursa Malaysia on their dividend payout behavior by analysing their preand post-shariah-compliant years data. The results showed that the shariah-compliant status of firms has positive impacts on firms’ dividend payout decisions. The revocation of the status, startlingly, does not necessarily overturn the long-held dividend policies of the firms. Instead, the firms maintain consistent dividend policy, perhaps in an effort not to portray negative overtone related to the annulment of the shariah-compliant status to the stockholders and the market.","PeriodicalId":173200,"journal":{"name":"Borneo Journal of Social Sciences and Humanities","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127373677","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}

引用次数: 0

The Study of Gawai Antu Disappearance and Its Sustainability Among Youths In Sarawak 沙捞越青年中加威安图的消失及其可持续性研究

Borneo Journal of Social Sciences and Humanities Pub Date : 2020-01-01 DOI: 10.35370/bjssh.2019.1.2-02

Jack Abigail, Sulaiman Nur Faizzah, Aziz Adrianna

{"title":"The Study of Gawai Antu Disappearance and Its Sustainability Among Youths In Sarawak","authors":"Jack Abigail, Sulaiman Nur Faizzah, Aziz Adrianna","doi":"10.35370/bjssh.2019.1.2-02","DOIUrl":"https://doi.org/10.35370/bjssh.2019.1.2-02","url":null,"abstract":"Gawai Antu is a festival celebrated by the Iban in Sarawak to commemorate the dead soul who has passed away since the last Gawai Antu feast. However, contrary to the main harvest festival, Gawai Dayak, this celebration is less likely to be celebrated among the Ibans due to various reasons. This research aims to investigate the disappearance of Gawai Antu and determine its sustainability. This research could significantly contribute to the Iban community and to the state government of Sarawak where it could help in building greater understanding on the factors affecting the disappearance of Gawai Antu and suggestions on how to revive and sustain the festival. The study is focused on youths in Sarawak with the sample of the study was 88 youths in Kuching. This research is based on data obtained from a survey questionnaire and was analysed by using descriptive analysis. The data were gathered using Stratified Random Sampling and Convenience Sampling Technique. The research suggested that the extinction of Gawai Antu celebration is linked to modernization, religious barrier with cost and time constraints. The results also suggested that the three dimensions of sustainability of Gawai Antu are important to curb the disappearance of this festival namely, collaboration via partnerships, preservation and protection of the festival, and keeping the quality and authenticity of the festival. As this celebration is one of its kind, it would be recommended that production of more credible sources, creating practical exhibitions, and cooperation between relevant agencies would help in keeping the festival alive.","PeriodicalId":173200,"journal":{"name":"Borneo Journal of Social Sciences and Humanities","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134258413","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}

引用次数: 0

Towards Formulating Urban Cultural Heritage Conservation Strategies in the Former Tin Mining Towns in Lembah Kinta, Perak 霹雳州兰巴金打前锡矿镇城市文化遗产保护策略的制定

Borneo Journal of Social Sciences and Humanities Pub Date : 2020-01-01 DOI: 10.35370/bjssh.2019.1.2-08

Mohd Rifzal, M. Shariff, Esmawee Hj Endut, A. Alias, N. Jaafar

{"title":"Towards Formulating Urban Cultural Heritage Conservation Strategies in the Former Tin Mining Towns in Lembah Kinta, Perak","authors":"Mohd Rifzal, M. Shariff, Esmawee Hj Endut, A. Alias, N. Jaafar","doi":"10.35370/bjssh.2019.1.2-08","DOIUrl":"https://doi.org/10.35370/bjssh.2019.1.2-08","url":null,"abstract":"The existence of old former tin mining towns are invaluable asset in the country for people to understand the cultural and historical essence of a place and its people.The formation of former tin mining towns in Malaysia related closely to the development of economy activities which shows the mix cultural development between races, invention of buildings, transportation routes and accessibility which developed the early tin mining industry, port city and work as a state administrative centre. However, the conservation efforts in most of these towns were neglected due to rapid urbanization, uncontrolled urban encroachment which jeoperdized the old towns whilst the social structure and urban distinctiveness become dilapidated. Therefore, this paper focuses on how the conservation of ex-tin mining town in Malaysia which could contribute to safekeeping Malaysian cultural heritage entities in order to regenerate cultural heritage entity especially in Perak. Pekan Papan, Perak has been chosen as a Case Study due to its distinctive characteristics as an early tin mining town and its historical significance of Malaysia’s economy activities and attribution to mix cultural heritage. The qualitative method based on Case study, observation and non-structured interview were used to explore, identify and evaluate the tangible elements in the selective extin mining old towns as a cultural heritage resources by reviewing the definitions and concept of physical characters and cultural value which contribute to the identity of a place. The analysis of the research are based on thematic analysis which based of the old town’s physical characteristic comprised of urban structure and Architectural features and its interrelationship with distinctive local culture activities which created an awareness on the cultural heritage value and determined the formulation of an urban cultural heritage strategies for the former tin mining towns in Malaysia.","PeriodicalId":173200,"journal":{"name":"Borneo Journal of Social Sciences and Humanities","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133495258","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}

引用次数: 1

Identifying the Sustainable Design Elements for the Conservation of Historic Buildings in Malaysia 确定马来西亚历史建筑保护的可持续设计元素

Borneo Journal of Social Sciences and Humanities Pub Date : 2019-06-01 DOI: 10.35370/bjssh.2019.1.1-07

Yahaya, Shaiful Rizal Che, A. Ghafar

{"title":"Identifying the Sustainable Design Elements for the Conservation of Historic Buildings in Malaysia","authors":"Yahaya, Shaiful Rizal Che, A. Ghafar","doi":"10.35370/bjssh.2019.1.1-07","DOIUrl":"https://doi.org/10.35370/bjssh.2019.1.1-07","url":null,"abstract":"The integration of sustainable design elements (SDEs) to the practice of historic building conservation ensures the disused, ineffective or obsolete structures are converted into an economically viable new use which carries both environmental and social benefits whilst retaining its historical values. Although it would heighten its functionality in terms conservation and efficient use of resources, there is an apparent conflict between these two practices as intervention to the historic buildings must adhere to the principles of building conservation which dictates the need to retain the historical values of the building. This poses a challenge to protect the historic values whilst upgrading its usage to suit the contemporary needs and statutory requirement. Currently, there is a lack in the present guidelines that integrates SDEs into the conservation of historic buildings in Malaysia. This paper aims to identify SDEs and practices suitable to be integrated into the guidelines. To achieve this, a documentary review has been conducted by reviewing historic building conservation guidelines from selected countries and few rating tools for assessing building’s environmental design and performance. The identified SDE categories are: 1) energy efficiency; 2) water efficiency; 3) materials and resources; 4) indoor environment quality; and 5) sustainable site planning, building and management. From these identified SDEs, qualitative data would be collected to support it. Incorporating these SDEs into the existing guidelines for conservation of historic building would provide guidance to architects, building conservators and other stakeholders in promoting a more sustainable and greener practice of historic building conservation in Malaysia.","PeriodicalId":173200,"journal":{"name":"Borneo Journal of Social Sciences and Humanities","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130742785","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}

引用次数: 1

Architectural Design Evolution of the Malay Traditional Houses Along Sungai Perak 双溪霹雳一带马来传统房屋的建筑设计演变

Borneo Journal of Social Sciences and Humanities Pub Date : 2019-06-01 DOI: 10.35370/bjssh.2019.1.1-08

Sabrizaa Rashid, K. Alauddin, M. N. Baharuddin, Iryani, Abdul Halim Choo

{"title":"Architectural Design Evolution of the Malay Traditional Houses Along Sungai Perak","authors":"Sabrizaa Rashid, K. Alauddin, M. N. Baharuddin, Iryani, Abdul Halim Choo","doi":"10.35370/bjssh.2019.1.1-08","DOIUrl":"https://doi.org/10.35370/bjssh.2019.1.1-08","url":null,"abstract":"Sungai Perak is the second longest river system in Peninsular Malaysia flowing along 400km of river basin. For hundreds of years Sungai Perak has been the seat of the traditional Malays of Perak. Used as the main ‘highway’ during its heyday, it is seen as the economic, social and political seat of the Perak royals. Sungai Perak also forms the heart of the transportation and communication for the people of Perak. As with other main rivers systems Sungai Perak holds many wealth and secrets. Remnants of old Malay palaces, traditional houses, royal tombs and vernacular mosques can be seen to this day along the river basin, as prove of the existence of the old Malay civilization. Architecturally, traditional house was built not only for shelter and safety reasons. All forms of traditional architecture are built to meet specific needs, accommodating the religious, cultural values and way of life. Based on these circumstances, it tends to evolve over time to reflect the environmental, cultural, technological and historical context in which it exists. However, this traditional Malay home will face extinction if it is not well preserved and documented for future reference. This paper discusses the development of architectural style on the Malay houses at Sungai Perak. Fifty (50) houses in Kampung Aji, Bota Kiri were documented and analyzed chronologically. The evidence is derived from sixty houses as case study. Data is collected through site observation and variety sources of documentation. The roof design, spatial organization and architectural elements several types of architectural design were found in the period of 150 years. All of these shapes up the evolution of architectural design of the Malay houses in Perak and contribute as an extension of knowledge to the traditional Malay architecture in Malaysia.","PeriodicalId":173200,"journal":{"name":"Borneo Journal of Social Sciences and Humanities","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124231691","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}

引用次数: 5

The Significance and Performance of Listed Property Companies in Some Selected African Countries 部分非洲国家房地产上市公司的意义与绩效

Borneo Journal of Social Sciences and Humanities Pub Date : 2019-06-01 DOI: 10.35370/bjssh.2019.1.1-03

Sadiq Tukur, J. Shehu, Abdulazeez Adam Muhammad

{"title":"The Significance and Performance of Listed Property Companies in Some Selected African Countries","authors":"Sadiq Tukur, J. Shehu, Abdulazeez Adam Muhammad","doi":"10.35370/bjssh.2019.1.1-03","DOIUrl":"https://doi.org/10.35370/bjssh.2019.1.1-03","url":null,"abstract":"Property is one of the major global investment asset class apart from shares and bonds due to the attractive return on investment. Individuals can invest indirectly in property through Listed Property Companies (LPCs) and enjoy income from the returns. This study presents the significance and performance of listed property companies in 10 African countries from 2006 to 2015, with 3 countries from North Africa (Egypt, Morocco and Tunisia) and 7 countries from Sub-Saharan Africa (Botswana, Kenya, Mauritius, Nigeria, South Africa, Zambia and Zimbabwe). The study analyses the risk adjusted performance of 64 LPCs in African countries using the Sharpe Ratio Index in comparison with Shares and Bonds. Correlation coefficient analysis was used to determine the potentials for diversifications among the asset classes within each respective country and across the African countries. The results revealed that only two of the countries (Botswana and Mauritius) LPCs outperformed on risk adjusted basis while the other eight countries (Egypt, Kenya, Morocco, Nigeria, South Africa, Tunisia, Zambia and Zimbabwe) underperformed either shares, bonds or both on risk-adjusted basis possibly attributed to global financial crisis, Political instability, high void rates, corruption, insurgency, and harsh economic conditions. Shares is the most performing asset class outperforming in 6 countries followed by Bonds and LPCs with 2 countries each respectively. The findings further revealed that LPCs offer potentials for diversification to investors in almost all African countries due to the low correlations between the LPCs and the other asset classes (Shares and Bonds).","PeriodicalId":173200,"journal":{"name":"Borneo Journal of Social Sciences and Humanities","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121851371","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}

引用次数: 0