UNIMAS Review of Accounting and Finance最新文献_第2页

THE IMPACT OF COVID-19 ON STOCK MARKET PERFORMANCE: EVIDENCE FROM TEN ASIAN COUNTRIES COVID-19对股市表现的影响:来自十个亚洲国家的证据

UNIMAS Review of Accounting and Finance Pub Date : 2022-12-30 DOI: 10.33736/uraf.5247.2022

J. Yau, Nurul Izza Abd. Malek

引用次数: 0

Corporate Governance, Capital Structure and Moderating Effect of Women on Board of Directors in Malaysia's Energy Firm 马来西亚能源公司董事会女性成员的公司治理、资本结构和调节效应

UNIMAS Review of Accounting and Finance Pub Date : 2022-12-30 DOI: 10.33736/uraf.5246.2022

J. Yau

{"title":"Corporate Governance, Capital Structure and Moderating Effect of Women on Board of Directors in Malaysia's Energy Firm","authors":"J. Yau","doi":"10.33736/uraf.5246.2022","DOIUrl":"https://doi.org/10.33736/uraf.5246.2022","url":null,"abstract":"It is undeniable that corporate governance is an important element towards the capital structure across industries as it affects the financial decision which drives the companies’ reputation and revenue. However, the big question is what drives the relationship of corporate governance and capital structure within the industry. As we move into the twenty-first century, diversity and inclusion has been discussed globally. This shift can differentiate the board decision on financial strategy in terms of capital structure. Hence, the motivation behind this research is to investigate the moderating role of women on board towards the relationship of corporate governance and capital structure. Data is collected from annual report of 24 listed energy firms in Bursa Malaysia over the period of 2015 to 2019. As a result, to determine the research objectives, this study employs descriptive statistical analysis, correlation coefficient, and random effects regression models. Moreover, the Generalized Method of Moments (GMM) estimate is used for robustness, and the results obtained differed from the random effect models. According to the findings of this study, board size and the proportion of women on boards of directors have a negative and substantial link with capital structure in terms of leverage level. Meanwhile, there is a positive and significant association between CEO duality and firm leverage, but no relationship exists between board independence and leverage. Additionally, when there is a large proportion of female directors on the board, the influence of board size on the firm's leverage level is beneficial.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123910389","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

Capital Structure and Firm Performance: Evidence from Malaysian Public Listed Plantation Companies 资本结构与公司绩效:来自马来西亚上市种植园公司的证据

UNIMAS Review of Accounting and Finance Pub Date : 2021-12-17 DOI: 10.33736/uraf.3536.2021

Kim Foong Jee, Jia En Joanne Ngui, Pei Pei Jessica Poh, Wai Loon Chan, Yet Siang Wong

{"title":"Capital Structure and Firm Performance: Evidence from Malaysian Public Listed Plantation Companies","authors":"Kim Foong Jee, Jia En Joanne Ngui, Pei Pei Jessica Poh, Wai Loon Chan, Yet Siang Wong","doi":"10.33736/uraf.3536.2021","DOIUrl":"https://doi.org/10.33736/uraf.3536.2021","url":null,"abstract":"This paper examines the relationship between capital structure and performance of firms. The study is confined to plantation sector companies in Malaysia and is based on a sample of 39 firms which listed in Bursa Malaysia for the period from 2009 to 2019. This study uses two performance measures which are ROA and ROE as the dependent variable. Besides, the capital structure measures are the short-term debt, long-term debt, total debt and firm growth, which as the independent variables. Size will be the control variable in this study. Moreover, a fixed-effect panel regression analysis has been used to analyse the impact of capital structure on firm performance. The results indicate that firm performance, which is in term of ROA, have an insignificant relationship with short-term debt (STD) and long-term debt (LTD). For the total debt (TD) and growth, there is a significant relationship with ROA. However, for the performance measured by ROE, it has an insignificant relationship with short-term debt (STD), long-term debt (LTD) and total debt (TD). Furthermore, there is a significant relationship between the growth and the performance firms from plantation sector in Malaysia.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125886747","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

Financial Distress and Firm Performance: Evidence from COVID-19. 财务困境与企业绩效:来自COVID-19的证据。

UNIMAS Review of Accounting and Finance Pub Date : 2021-12-17 DOI: 10.33736/uraf.3526.2021

Christine Kah Shu Teoh

引用次数: 0

The Effect of Working Capital Management on Profitability: Evidence from Malaysian Construction Firms 营运资金管理对盈利能力的影响:来自马来西亚建筑公司的证据

UNIMAS Review of Accounting and Finance Pub Date : 2021-12-17 DOI: 10.33736/uraf.3528.2021

Chooi Yin You

引用次数: 0

The Influence of Debt Financing on Firms’ Performance: Empirical Evidence from Malaysia 债务融资对企业绩效的影响:来自马来西亚的经验证据

UNIMAS Review of Accounting and Finance Pub Date : 2021-12-17 DOI: 10.33736/uraf.3535.2021

Yien Yien Lee

{"title":"The Influence of Debt Financing on Firms’ Performance: Empirical Evidence from Malaysia","authors":"Yien Yien Lee","doi":"10.33736/uraf.3535.2021","DOIUrl":"https://doi.org/10.33736/uraf.3535.2021","url":null,"abstract":"This study investigated the relationship between the listed firms’ debt level and performance in Bursa Malaysia during a five-year period. Based on the results of the Hausman test and Breusch-Pagan LM test, the fixed-effect model is the most appropriate model that used to analyze the panel data of 50 Malaysian listed companies within the property sector from the year 2015 to 2019. The results indicated that the short-term debt (STD) and long-term debt (LTD) have positive and insignificant effects on return on asset (ROA), which means that the increase in the short-term debt and long-term debt will lead to an increase in the return on assets. Besides that, account payables (AP) has a negative and insignificant effect on the profitability of property sector companies. According to the outcome of the Granger Causality test, the return on assets does not affect by the account payables, short-term debt, long-term debt and firm size. There is only one unidirectional causality relationship that proves that short-term debt is affected by long-term debt. Additionally, this study focuses on enhancing the existing empirical knowledge of debt financing's influence on the profitability of the listed firms in the property sector.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129649159","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

Royal Family Members and Financial Reporting Timeliness: Evidence from UAE 王室成员和财务报告的及时性:来自阿联酋的证据

UNIMAS Review of Accounting and Finance Pub Date : 2021-11-15 DOI: 10.33736/uraf.2989.2021

Mohammed Ali Almuzaiqer

引用次数: 2

Determinants of Sukuk Issuers’ Financial Stability: Evidence from Malaysia 伊斯兰债券发行人财务稳定性的决定因素:来自马来西亚的证据

UNIMAS Review of Accounting and Finance Pub Date : 2021-11-05 DOI: 10.33736/uraf.3803.2021

Xiaoting Chen, Nur Hidayah Abd Malek, Abu Hassan Bin Md. Isa, M. Abdullah, Zaidel

{"title":"Determinants of Sukuk Issuers’ Financial Stability: Evidence from Malaysia","authors":"Xiaoting Chen, Nur Hidayah Abd Malek, Abu Hassan Bin Md. Isa, M. Abdullah, Zaidel","doi":"10.33736/uraf.3803.2021","DOIUrl":"https://doi.org/10.33736/uraf.3803.2021","url":null,"abstract":"Financial stability and Sukuk expanded swiftly into the financial industry after the 2007-2008 global financial turmoil. Malaysia's Sukuk market is arguably the most prominent in Islamic finance globally, and its inherent nature gives it a better security on the premise of guaranteed firms’ financial stability and returns to investors. This study aims to explore the extent of the Malaysian firms’ financial stability are being influenced by the characteristics of Sukuk and also the firms’ characteristics. Sixty-one listed companies that have issued Sukuk from 1997 to 2017 have been selected for this study. The nave distance to default (DD) developed by Bharath and Shumway was used as a measure of the firms’ financial stability. Ordinary Least Squares (OLS) was employed in this study, and the results confirmed that Sukuk could promote the firms’ financial stability. The variables related to the characteristics of Sukuk that were found to influence financial stability were the intensity of Sukuk and the proportion of Sukuk financing. The firm size, valuation, solvency, and profitability were the firms’ characteristics that have also affected the firms’ financial stability significantly. All these provide evidences that Malaysia should play more active role in promoting the development of Sukuk market, and at the same time should be aware that financial stability is a systematic element which involved many complex factors.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"75 6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127182812","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

Comparative Inventory Control Analysis With Economic Order Quantity (Eoq) And Just In Time Method To Minimize Inventory Costs At UD.Melati Jaya 经济订货量与准时制的库存控制比较分析，以降低库存成本。Melati Jaya

UNIMAS Review of Accounting and Finance Pub Date : 2021-11-05 DOI: 10.33736/uraf.2787.2021

Khairunnisa Almadany

引用次数: 0

The Impact Of Corporate Governance on The Financial Performance in Malaysia 马来西亚公司治理对财务绩效的影响

UNIMAS Review of Accounting and Finance Pub Date : 2021-11-05 DOI: 10.33736/uraf.3551.2021

N. Abdullah

{"title":"The Impact Of Corporate Governance on The Financial Performance in Malaysia","authors":"N. Abdullah","doi":"10.33736/uraf.3551.2021","DOIUrl":"https://doi.org/10.33736/uraf.3551.2021","url":null,"abstract":"The aim of this study is to investigate the relationship between corporate governance and firm financial performance in Malaysia. This study is mainly focusing on four sections of corporate governance which are board independent, board size, the frequency of audit committee meeting and firm size. The population of this study is Top 30 firms in Malaysia that are public listed in Bursa Malaysia while for the period, this study focusses on year 2016 to 2019 which is 4 years. This study uses Return on Assets (ROA) to measure the firm effectiveness and efficiency. As for statistical analysis, this study uses E-View to run all the test such as Breusch-Godfrey Serial Correlation LM Test, Hausman Test, Ordinary Least Squared (OLS) method, Autocorrelation, Multicollinearity and Normality Test. According to the results of the analysis, board independent has positive insignificant relationship with firm performances while board size and firm performances have negative and insignificant relationship. As for the frequency of audit committee meeting and firm size, the results display that both variables have negatively significant relationship with the performances of the firm. Apart from that this study use two theory which are Prospect Theory and Agency Theory.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122108084","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