Malaysian Journal of Economic Studies最新文献_第3页

Foreign Assets Management and Capital Expenditure: Firm-Level Evidence from 45 Emerging Market Economies 外国资产管理和资本支出:来自45个新兴市场经济体的企业层面证据

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Malaysian Journal of Economic Studies Pub Date : 2022-06-14 DOI: 10.22452/mjes.vol59no1.5

Chokri Zehri

引用次数: 0

Corporate Governance Code Revisions, Corporate Social Performance and Firm Value: International Evidence 公司治理准则修订、公司社会绩效与公司价值：国际证据

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Malaysian Journal of Economic Studies Pub Date : 2022-06-14 DOI: 10.22452/mjes.vol59no1.1

C. Ooi, C. Hooy, Jong-seo Choi

{"title":"Corporate Governance Code Revisions, Corporate Social Performance and Firm Value: International Evidence","authors":"C. Ooi, C. Hooy, Jong-seo Choi","doi":"10.22452/mjes.vol59no1.1","DOIUrl":"https://doi.org/10.22452/mjes.vol59no1.1","url":null,"abstract":"This study investigates the impact of corporate governance code revisions on corporate social performance, and its’ moderating effect on the relationship between corporate social performance and firm value. This study applies the two-stage Heckman sample selection bias approach to tackle endogeneity issues. The sample includes public listed firms from 35 countries that have released their national codes of corporate governance from 2007-2014. Prior to the analysis, we read through the national codes of corporate governance, and find that a majority of the recently revised codes provide new recommendations related to corporate social responsibility. Based on the regression results, we find that progressive corporate governance code revisions are positively related to corporate social performance. In addition, the progressive revisions positively moderate the relationship between corporate social performance and firm value, which is shown in those firms having above-median positive correlation between their corporate governance score and the code revisions. The overall results are robust to industry-adjusted measure of corporate social performance. Furthermore, we find that firm age is important in explaining the moderating effect of corporate governance code revisions.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49197764","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

A Quantile Regression Analysis of Absorptive Capacity in the Malaysian Manufacturing Industry 马来西亚制造业吸收能力的分位数回归分析

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Malaysian Journal of Economic Studies Pub Date : 2022-06-14 DOI: 10.22452/mjes.vol59no1.8

Norhanishah Mohamad Yunus, Norehan Abdullah

引用次数: 1

Foreign Experience of CEOs and Managerial Risk Taking CEO的国外经验与管理风险承担

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Malaysian Journal of Economic Studies Pub Date : 2021-12-05 DOI: 10.22452/mjes.vol58no2.4

Siew-Boey Yeoh, C. Hooy

引用次数: 1

Economic Cycle and Bank Liquidity Hoarding: Are They Procyclical or Countercyclical? 经济周期与银行流动性囤积:是顺周期还是逆周期?

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Malaysian Journal of Economic Studies Pub Date : 2021-12-05 DOI: 10.22452/mjes.vol58no2.3

V. Dang

引用次数: 0

Shariah Compliance in Islamic Economics: A Bibliometric Analysis 伊斯兰经济学中的伊斯兰合规性：文献计量学分析

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Malaysian Journal of Economic Studies Pub Date : 2021-12-05 DOI: 10.22452/mjes.vol58no2.7

M. Sholihin, Ramsah Ali, Deri Wanto

{"title":"Shariah Compliance in Islamic Economics: A Bibliometric Analysis","authors":"M. Sholihin, Ramsah Ali, Deri Wanto","doi":"10.22452/mjes.vol58no2.7","DOIUrl":"https://doi.org/10.22452/mjes.vol58no2.7","url":null,"abstract":"This study aims to examine the literature related to shariah compliance in the Scopus database. Furthermore, classification and critical commentary were applied to find a new direction for developing studies on shariah compliance in Islamic economics. The bibliometric approach was used to analyse 233 articles, while a systematic literature review was used to classify issues from 82 articles on this paradigm. The results showed that the examined studies grew significantly and were influential in developing the shariah compliance paradigm. This was indicated by the author’s highest m-index of 0.666. However, this literature primarily concerns financial institutions and their relationship with the paradigm, followed by related literature in various industries, with extensive discussion on ethics and in the normative context. In this regard, shariah compliance issues can be classified into three topics, namely Islamic banks, non-bank financial institutions, and general firms. Shariah compliance was insufficiently used as an instrument to measure the product restructuring impact of an Islamic bank and a reflection of the compliance from the customer psychology perspective. In this context, it is necessary to transform the paradigm into “preventing exploitation” by introducing the customer exploitation index.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2021-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43821224","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: 3

Competitiveness of Malaysian Fisheries Exports: A Constant Market Share Analysis 马来西亚渔业出口竞争力：市场份额不变分析

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Malaysian Journal of Economic Studies Pub Date : 2021-12-05 DOI: 10.22452/mjes.vol58no2.1

B. Soh, G. Lim, Soo Y. Chua

{"title":"Competitiveness of Malaysian Fisheries Exports: A Constant Market Share Analysis","authors":"B. Soh, G. Lim, Soo Y. Chua","doi":"10.22452/mjes.vol58no2.1","DOIUrl":"https://doi.org/10.22452/mjes.vol58no2.1","url":null,"abstract":"Malaysia, one of the global major fish producers, has highly traded fisheries products given its many water bodies. Nonetheless, it faces a serious fish trade deficit, implying that the Malaysian fisheries sector might lose its competitiveness in the global market. This paper adopts a modified constant market share (CMS) analysis, which incorporates a net-share approach index and geometric framework, to measure the export competitiveness of the Malaysian fisheries sector. The findings reveal that half of the fisheries products exhibit optimistic export competitiveness. Malaysia reflects the strongest competitiveness in exporting frozen fish and the least competitiveness in the export of crustaceans. Additional effort and attention on those less competitive groups of aquatic invertebrates, live fish and crustaceans are required to improve the export performance. Application of the modified approach is highly proposed as it is not only a simple measurement that gives relatively more accurate results but also succeeds to overcome inconsistency in the traditional approach. The findings provide evidence of unrealised fish export potential regarding product categories, which helps policymakers, traders and marketers to develop their long-term strategic plans and enhance the export competitiveness of the fisheries sector in Malaysia.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2021-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49467365","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

Globalisation, Logistics and Food Supply: Evidence from Vietnam 全球化、物流和食品供应:来自越南的证据

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Malaysian Journal of Economic Studies Pub Date : 2021-12-05 DOI: 10.22452/mjes.vol58no2.5

Duc Nha Le

{"title":"Globalisation, Logistics and Food Supply: Evidence from Vietnam","authors":"Duc Nha Le","doi":"10.22452/mjes.vol58no2.5","DOIUrl":"https://doi.org/10.22452/mjes.vol58no2.5","url":null,"abstract":"Most countries satisfy domestic food consumption by importing from foreign supplies, thus highlighting the role of agricultural exports in maintaining and diversifying the global food supply. In the age of globalisation, whether the flourishing number of regional trade agreements (RTAs) has been facilitating greater market access of agricultural and food products is questioned by national governments. Meanwhile, logistics performance has been the bottleneck of emerging economies, which exerts negative impacts on agricultural export competitiveness in foreign markets. Overall, the interlink between globalisation, logistics and food supply has not been addressed adequately. Therefore, this paper employs the trade gravity model to examine the relationship between agricultural exports, RTAs membership, and logistics performance in the case of Vietnam and her 97 major trading partners. Static and dynamic panel data estimation are employed with the methods applied to solving the zero trade and endogeneity concerns. Findings confirm the interlink between globalisation, logistics and food supply. RTAs-based globalisation and logistics policies are intertwined to secure and diversify import-driven food supply. The unified framework for long-term and sustainable development which aims at strengthening the interlink between globalisation, logistics, agriculture and global food supply should be considered in policy formulation.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2021-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47408902","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

Business Credit, Household Credit and Economic Performance in Malaysia: A Quantile Regression Approach 马来西亚的商业信贷、家庭信贷和经济表现:分位数回归方法

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Malaysian Journal of Economic Studies Pub Date : 2021-12-05 DOI: 10.22452/mjes.vol58no2.6

S. Law, M. Naseem, Anitha Roslan, Nirvikar Singh

引用次数: 1

Perceived Financial Adequacy in Old Age: A Case Study in Indonesia 老年人的财务充足感：以印度尼西亚为例

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Malaysian Journal of Economic Studies Pub Date : 2021-12-05 DOI: 10.22452/mjes.vol58no2.2

Aris Ananta, Evi Nurvidya Arifin, Ahman Irsan A Moeis

{"title":"Perceived Financial Adequacy in Old Age: A Case Study in Indonesia","authors":"Aris Ananta, Evi Nurvidya Arifin, Ahman Irsan A Moeis","doi":"10.22452/mjes.vol58no2.2","DOIUrl":"https://doi.org/10.22452/mjes.vol58no2.2","url":null,"abstract":"Studies on perceived financial adequacy (PFA) among older persons are mostly about developed countries. However, the ageing population is undergoing an even faster rate in developing countries. This paper fills this gap, by examining economic–social factors associated with PFA in Indonesia, a developing country. The analysis uses statistics derived from three nationwide surveys conducted in 2015, enriched with insights on retirement income and retirement age derived from two online surveys, conducted in 2016/2017 and 2018. The result shows consistency in the pattern of objective income and PFA. This paper also finds that intensity of working and flexibility in working are positively associated with PFA. Better health and better living environment are positively associated with PFA. Finally, social assistance is negatively related to PFA. It reveals that older persons may not have been able to maintain the standard of living they had before retirement. Workers (future retirees) may want much higher retirement income and work longer as working is still the only reliable source of financial support in old age. It therefore recommends that the retirement age is raised, health is improved, decent living environment is enhanced, and the government continues with social assistance programmes.","PeriodicalId":42743,"journal":{"name":"Malaysian Journal of Economic Studies","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2021-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43176783","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