bluuebunny/crossref_metadata_2025 huggingface dataset:
ESTIMATION OF TRADE BALANCE USING MULTIPLE LINEAR REGRESSION MODEL
Authors: Omar Gan Sarimah , Ahmad Sabri
Published: January 2023

This study aims to evaluate the performance of multiple linear regression in estimating trade balance, so that a regression model for estimating the trade balance can be developed based on the important variables that have been identified. The performance of four regression methods including enter, stepwise regression, backward deletion, and forward selection is measured by mean absolute error, standard deviation, and Pearson correlation at the validation stage. The study concludes that multiple linear regression model developed by stepwise method is the best model for the trade balance estimation. The model considers the following six significant variables: Exports of palm oil, imports of tubes, pipes, and fittings of iron or steel, exports of crude petroleum, imports of petroleum products, exports of plywood plain, and imports of rice. The regression model achieves a moderate value of model estimated accuracy (76.10%), mean absolute error (0.257), standard deviation (0.308), and linear correlation (0.851).
GOLD INVESTMENT AND FINANCIAL CRISIS: SOME THEORETICAL CONSIDERATIONS
Authors: Ghazali Mohd Fahmi , Lean Hooi Hooi , Bahari Zakaria , Tuyon Jasman
Published: January 2023

Due to its unique nature, gold has always been regarded as a safe asset. A drastic shift in recent years towards investment demand from jewellery demand reflects the concept that gold can be considered a safe haven asset in times of economic turmoil since investors construct their portfolios to include more gold as an alternative to riskier assets. This paper demonstrates the relevant theoretical dimensions of the gold investment during financial crises. Specifically, we exhibit how investor behaviour has the potential to support the safe haven property of gold. Evidence from this study shows that behavioural finance theories provide valuable contributions, and can aid in improving the understanding and the ability to make better decisions.
EXCHANGE RATE VOLATILITY, REAL TOTAL EXPORTS AND SUB-CATEGORIES OF REAL TOTAL EXPORTS BY STANDARD INTERNATIONAL TRADE CODE (SITC) OF MALAYSIA
Authors: Tsen Wong Hock
Published: January 2023

This study examines the impact of exchange rate volatility on Malaysiaâ€™s real total exports and sub-categories of Malaysiaâ€™s real total exports by standard international trade code (SITC). Exchange rate volatility is estimated by the stochastic volatility with moving average (SVMA) model. The conventional and partially asymmetric autoregressive distributed lag (ARDL) models are used in the estimation. Exchange rate volatility is found to have significant impact on real total exports and some sub-categories of real total exports in the short run and long run. The impact of exchange rate volatility on exports can be negative or positive and is different for sub-categories of real total exports. The partially asymmetric ARDL model shows that positive exchange rate volatility or negative exchange rate volatility tends to have positive or negative impact on exports. Generally, exchange rate volatility can be harmful to Malaysiaâ€™s exports.
MARKET COMPETITION AND FINANCIAL STABILITY: THE CASE FOR TAKAFUL (ISLAMIC INSURANCE) MARKET
Authors: Sim Cheong Sue , Hassan Ahmad F. S.
Published: January 2023

The Takaful market has been growing substantially since its initiation and has begun gaining traction across the globe. Nevertheless, recent pressures for consolidation may bring about significant implications upon market competition, as well as economic and financial performances. As such, this study highlights the recent financial market failures and discusses the ambiguous link between competition and stability. Additionally, this study emphasizes the significance of competition in affecting the stability of Takaful operators to reinforce the comprehension of Takaful market behavior. This study provides important policy implications for regulators, investors, and other market participants to promote the progress of the Takaful sector.
WHY INNOVATE IN MARKETING? A CASE OF POSH NAIL SPA
Authors: Kuan Ng Yin , Fei Lai Ka , Yang Fong Chee , Yong Kuek Thiam , Hing Lim Yoong , Howe Peter Tan Sin , Maludin Nurliyana
Published: January 2023

Manicures and pedicures are gaining market popularity in Malaysia. The evolution in beauty and personal care industry offers more opportunity for small businesses in marketing personal care and cosmetics products. There is an increasing number of nail salons providing manicures and pedicures services as well as nail art in the city; mostly in middle to high-end shopping malls, business centres or standalone nail salon in commercial shop lots. The consumers are mostly influenced by heavy advertising, for instance advent of K-pop and K-drama, marketing activities and growing trends of chasing beauty. The beauty industry or more specifically the nail care segment is highly fragmented due to various customers with different needs and wants pertaining to service levels, product categories and pricing. Hence, innovative marketing will become an important tool to success. The conventional marketing strategies are no longer effective as the businesses are propelled by the advancement of technology and change in social factors. The departure of conventional marketing strategies is necessary for the vendor to open new market segment and to increase sales. This study will explore the innovative marketing strategies in nail salon through case study method. The study also aims to discover on how the vendor overcome the challenges faced in this industry. The discussion will review the new approaches used as a new marketing idea brought in by the business.
AN EMPIRICAL INVESTIGATION OF E-PROCUREMENT ADOPTION IN MALAYSIA: THE CASE OF SMES IN SABAH
Authors: Husin Noor Hassanah , Lada Suddin , Hamzah Ahmad Aizuddin , Vun Teong Khan
Published: January 2023

The introduction of e-procurement in Malaysia is timely and significant for both to the suppliers and government. More importantly, it is more transparent, efficient, and would certainly improve governance. Unfortunately, to promote greater participation and acceptance by suppliers, many businesses are still neglecting these technologies and still relying on traditional procurement when it comes to the purchasing of indirect goods. Therefore, the purpose of this study is to investigate the e-procurement adoption in Malaysia, specifically the small and medium-sized enterprises (SMEs) operated in Sabah. This study will fill the gaps by focusing on the adoption factors of e-procurement using organisational perspective model. The outcome of this study generates relevant information for both suppliers and government in recognising the e-procurement adoption factors, as well as enabling the organisation to highlight the most practical and significant factors in e-procurement implementation.
SUSTAINABILITY OF ‘NET ERRORS AND OMISSIONS’ OF BALANCE OF PAYMENTS – WITH GLOBAL RESULTS
Authors: Ding Liung Shi , Tang Tuck Cheong
Published: January 2023

This study farewells the previous studies by (re-)examining the sustainability of ‘net errors and omissions’ (NEO) for 98 countries with sample periods between 1966 and 2016. The 11 time-series unit root (stationary) tests suggest that all sample countries have their sustainable NEO. The panel unit root tests support this finding. This study also explores that the income group does not determine the ‘fitness’ of NEO sustainability, but the institutional quality does.
FACTORS AFFECTING TAX AVOIDANCE IN INDONESIA AND SINGAPORE PRACTICES: A VIEW FROM AGENCY THEORY
Authors: Putra Pasca Dwi , Zainal Andri , Thohiri Roza , Harahap Khairunnisa
Published: January 2023

Extant studies highlight that an act of illegally tax planning by the tax manager in companies is due to the information asymmetry allowing managers to hide actual information in seeking substantial compensation from the profit gained by companies for his/her own benefit. The main objective of the research is to investigate the tax avoidance model from two neighbor countries: Indonesia and Singapore, that have a different weight of Effective Tax Rate (ETR) reflecting an agency theory perspective in the tax avoidance practice. The multiple regression test in analyzing the influence of capital intensity, leverage, institutional ownership, compensation for fiscal losses, and firm size on tax avoidance was applied to 90 and 82 public listed manufacturing companies in Indonesia and Singapore, respectively. Analysis of the data used is quantitative using secondary data. More specifically, the result of the study indicates that capital intensity, leverage, and tax incentive are established as three important factors affecting tax avoidance in Indonesia. As for Singapore practice, except for firm size, none of the mentioned variables found as major determinants of tax avoidance in Singapore. The implications of this study provide information for shareholders and the government to further look performance and value of the company(s) in relation to the tax planning related-activities.
YOUNG INTELLECTUALS’ CASH WAQF ACCEPTANCE IN NEGERI SEMBILAN, MALAYSIA: A PRELIMINARY INVESTIGATION
Authors: Kunju Muhsinah Hasanar , Amin Hanudin
Published: January 2023

This study employs the Theory of Reasoned Action (TRA) as a baseline theory to understand young intellectuals' cash waqf acceptance in Negeri Sembilan within the Malaysian context. The model of this study is tested using survey data from 125 respondents. Results obtained indicate that attitude and knowledge positively influence the behaviour of young intellectuals to participate in cash waqf giving. Subjective norm and religiosity are found to be insignificant as factors that influence the cash waqf giving intention. This study spearheads an analysis of young intellectuals’ cash waqf acceptance in Negeri Sembilan, Malaysia using the TRA. The results obtained provide valuable insights for Perbadanan Waqf Negeri Sembilan to manage waqf contribution effectively.
EXPLAINING THE EFFECTS OF SHARIAH COMPLIANCE, FINANCIAL FREEDOM AND RELIGIOSITY ON ISLAMIC HOME FINANCING ACCEPTANCE IN KOTA KINABALU, SABAH
Authors: Jinni Nurhafizah , Amin Hanudin
Published: January 2023

At present, home finance exists because the most important in someone's life is to have shelter meanwhile the house is the place to dwell in comfort with their family. Someone can have their own home by buying a house whether using cash or monthly installment. As for Islamic finance institutions, they have introduced the Shariah-compliant to have their own house the same goes to a conventional loan. However, a conventional loan may serve the interest that prohibited in Islam where there are known as Riba. Home financing gives impact to people where home financing takes a large chunk from their income. This study intends to examine the impacts of Shariah compliance, financial freedom, and religiosity on Islamic home financing acceptance. A total of 150 respondents are collected to meet the research objective. Likewise, SPSS software is used to analyze the research findings. The results obtained suggest that Shariah compliance, financial freedom, and religiosity are instrumental in determining Islamic home financing acceptance. Limitations and future research are provided.
THE IMPACT OF CORONAVIRUS ON THE TOURISM SECTOR WITH SPECIAL REFERENCE TO MALAYSIA
Authors: Mustafa Faizan Hasan , Pengiran Bagul Awangku Hassanal Bahar
Published: January 2023

The outbreak of Novel Coronavirus infection (COVID-19) has enormous economic consequences. It happened in the Wuhan city of China and rapidly spread across the world. While the Chinese economy has taken a major hit, the consequences extend far beyond the borders of China. Tourism is among the economic sectors that have been profoundly affected by the viral outbreak. Due to strong economic links with China, Malaysia has suffered enormous economic losses. Extended lockdowns, flight disruptions and other measures taken to contain the infection, and releasing stimulus packages have caused considerable downturn in the economic growth. A genesis of the pandemic origin and transmission is necessary not only to mitigate the prevailing situation but also preventing a repeat of such an event in the future. The coronavirus outbreak is a wake-up call for insulating the society and economy, especially the most vulnerable sectors. Although the outbreak happened in December 2019, it continues to inflict health hazards and economic meltdown. This should serve to demonstrate the significance of preventing the new infections without delay. It all started from the unregulated consumption of wildlife and the consequent setback to the natural ecosystem. Vulnerability of the tourism sector to pandemics is due to obvious reasons; people avoid visiting places in the grip of pandemic and tourism destinations close their doors to arrivals from the virus-affected countries. There is a need for international mechanisms for regulating the factors that lead to origin of the pandemic and applying available means for containing it should that happen. For the tourism, effective management strategies are necessary to insulate this industry. This paper highlights the causes of the pandemic to effectively link its consequences for the tourism sector while also discussing the need to support its revival. An important measure emphasized in in this paper as a revival strategy is building resilience in the natural capital. This systems approach is necessary in dealing with the post-COVID-19 scenario and in better preparedness for any future health hazards.
I’LL BE BACK – ARE SHOCKS TO COVID-19 TOTAL CONFIRMED CASES PERMANENT OR TRANSITORY?
Authors: Wan Chiu Yue , Tang Tuck Cheong
Published: January 2023

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.
DOES DIVIDEND POLICY AFFECT FIRM VALUE IN AN EMERGING MARKET?: EVIDENCE FROM MALAYSIAN FIRMS
Authors: Bakri Mohd Ashari
Published: January 2023

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.
RE-EXAMINING THE IMPACT OF GLOBALISATION ON ECONOMIC GROWTH: EVIDENCE FROM SOUTH AMERICA
Authors: Norli Muhammad Ariff Azhan Bin , Chia Yee Ee
Published: January 2023

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.
BOARD DIVERSITY AND PRICE INFORMATIVENESS FOR MALAYSIAN TOP 100 PUBLIC LISTED FIRMS
Authors: Ooi Ai-Yee , Japang Minah , Sidek Suzillah
Published: January 2023

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.
THE FACTORS AFFECTING THE ELDERLY EMPLOYEES ADAPTING TO CHANGES: STUDY ON SOES OF CHINA
Authors: Zhang Qian , Ibrahim Hadziroh Binti , Ahmed Fais Bin , Saber Zerdoumi , Alhussien Hatim
Published: January 2023

This study aims to examine how the resistance to change of elderly employees and decision-making impact the organizations based in the Mainland of China, and how the personalities, education level and organizational culture as factors affect the elderly employees’ decision making on adapting to changes and learning the new skills. Based on the published literature, there is a research gap in studies of the behavior of elderly employees in China. Therefore, this study intends to provide empirical evidence towards the selected variables, where a questionnaire was used as the instrument for collecting the needed data. There were 312 participants aged over 55 years, both female and male working in government-owned organizations, who had filled up the questionnaire. The findings indicate that elderly employees are still beneficial for the organizations, whereas personalities and education were found to have little impact on adapting to changes and learning abilities. Meanwhile, the organizational culture has a positive effect on encouraging employees adapting changes and learn new skills. This study might have several limitations, e.g., the sample size only covered a small number of elderly employees in State Owned Enterprises (SOE). Furthermore, this study only covered three variables as the factors affecting the elderly employees on adapting to changes and learning new skills. Further work might consider more variables such as motivation, employees’ engagement as variables as well.
CO-MOVEMENT BETWEEN BANK LOAN GROWTH AND ECONOMIC GROWTH IN INDONESIA USING WAVELET COHERENCE ANALYSIS
Authors: Wiguna Raditya , Viverita
Published: January 2023

This study investigates the co-movement between bank loan growth and economic growth in Indonesia from 2010 to 2020 using the Wavelet Coherence Analysis. The co-movements are divided into three different categories, i.e., bank ownership type, credit types, and bank size classification based on the Indonesian Financial Services Authority (OJK), referred to as the BUKU. This study shows that economic growth precedes bank loan growth in Indonesia between 2010-2020. Meanwhile, state-owned banks show the highest correlation between economic growth and loan growth among different types of bank ownership. In contrast, foreign-owned banks' loan growth shows a low correlation to economic growth. We also find that working capital loan growth has the highest correlation to economic growth than other loan types. Finally, this study reveals that medium-size banks (classified in BUKU 3) loan growth has the highest correlation to Indonesia's economic growth. Additionally, banks' loan growth in small banks (classified in BUKU 1 & 2) and large banks (classified in BUKU 4) shows fewer correlations. By discovering different co-movements between economic growth and loan growth of different bank ownership types, bank size groups, and loan types, regulators are expected to make valid policies to improve Indonesia's economic growth.
IMPACT OF EXPORT DIVERSIFICATION ON THE ECONOMIC GROWTH IN MALAYSIA
Authors: Thavarajah Jacinta Jea Ling , Chin Mui Yin
Published: January 2023

This study aims to analyse the impact of export diversification on the economic growth in Malaysia in both the short and long run. Computed data of degree of specialisation and diversification (DSD) in Malaysia from 1987 to 2017 were utilised. Furthermore, this study takes into consideration other determinants such as foreign direct investment and human capital to examine their impacts on the economic growth in Malaysia. The findings indicate that Malaysia is experiencing diversification in its export basket. Furthermore, all the independent variables were found to be positive and significant in relation to economic growth in the long run. However, there was no short-run relationship found throughout the studies amongst the dependent and independent variables. The research findings suggested that Malaysia should diversify further in terms of export commodities and cultivate a larger partnership socially and economically with the rest of the world.
INVESTIGATING BRAND AWARENESS DURING COVID-19 PANDEMIC IN THE MALAYSIAN HOTEL INDUSTRY
Authors: Sulaiman Haziqah Fatinah , Gom Daria , Jiony Mary Monica
Published: January 2023

This research aims to investigate brand awareness during the COVID-19 pandemic in the Malaysian hotel industry. It specifically focuses on how brand awareness among Malaysian consumers during the COVID-19 pandemic is influenced by customer engagement and perceived quality. The population of the research consists of the customers who have patronised any hotels in Malaysia. In this research, quantitative method has been used and research data has been obtained via online questionnaires shared on social media. Convenience sampling method was applied and a total of 211 questionnaires were collected. To test the hypotheses, the social science statistical package (SPSS) version 27 was used. The findings clearly demonstrated that brand awareness among Malaysian customers during the COVID-19 pandemic is positively influenced by perceived quality and customer engagement. This study extends the limited literature on hospitality in the Malaysian hotel industry. Additionally, these findings have implications for improving customer engagement, perceived quality, and brand awareness in order to retain customers and gain a competitive advantage.
IS THE GENERAL INSURANCE BUSINESS IN BANGLADESH FINANCIALLY DISTRESSED?
Authors: Mohammad Rifat Rahman  , Rahman Md. Mufidur , Subat Athkia
Published: January 2023

Nowadays, the forecast of the financial crisis is a significant concern for all companies and stakeholders. As a fast-growing economy, the insurance industry in Bangladesh is also a significant concern. Nevertheless, the performance and contribution of Bangladeshi insurance companies are highly criticized by scholars. Therefore, with the motivation to provide a comprehensive overview of the financial health of the general insurance industry in Bangladesh, we have done secondary research on a total of 18 general insurance companies in Bangladesh from 2014-2018. Throughout the study, we tested the widely accepted Altman Z Score model to predict a major financial concern called bankruptcy. We found that 95% of the selected companies secured the safe but not in the highly satisfactory calculated value of the Altman Z score model. Therefore, as expected, this finding highlights the success of the growing nature insurance business in Bangladesh. Also, as the Z score model has high predictive power in the case of predicting financial distress, our findings could be valuable path for stakeholders in making the right decision for investment.
FINANCIAL LITERACY/KNOWLEDGE THROUGH FINANCIAL EDUCATION: A BIBLIOMETRIC ANALYSIS
Authors: Lajuni Nelson , Wellfren Avnner Chardles , Samsu Siti Hajar
Published: January 2023

Globally, governments and researchers alike are committed to educating people about financial literacy/knowledge primarily through financial education as a platform. However, frequent changes in the domain have impeded progress toward elevating overall financial literacy across the population. As such, this study will examine the overall development to gain valuable insight. This study used bibliographic analysis to examine 476 selected publications from 1992 to early 2021 (28 years). The findings indicate an upward trend that is expected to continue in the coming years. Additionally, we conducted citation analysis using Harzing's Publish and Perish by utilising VOSviewer for data visualisation. The findings emphasised the importance of financial literacy/knowledge, financial education, and human and educational development. Most publications are produced in the United States, and financial literacy/knowledge and financial education continue to be the domain's intellectual structure. Additionally, Lusardi is one of the domain's most influential scholars, owing to her high-quality work. Our study makes extensive use of Scopus as a single database and focuses exclusively on document titles that precisely match our specific keywords. Based on observations, this study anticipates the emergence of new contributions and findings in the future while also serving as a primary reference.
DETERMINANTS OF STOCK MARKET LIQUIDITY IN NIGERIA
Authors: Abdulkadir Rihanat Idowu , Olatinwo Olabanji Hafeez , Afolabi Hafsat Olatanwa
Published: January 2023

This paper examines the predictors of stock market liquidity in Nigeria. Using the autoregressive distributed lag (ARDL) bounds testing approach on monthly data series, the study finds evidence that stock market liquidity is enhanced with improved market performance and monetary interventions by the government. The study also finds that while liquidity persistence features in the market, high price levels impede market liquidity. However, no evidence is found for such persistence in the long run. Results obtained are robust to alternate specification of liquidity with the use of the AMIHUD illiquidity ratio. Policy holders and investors should consider the predictors documented in this study when making liquidity forecasts or investment decisions. This will assist to mitigate related risks, enhance market liquidity and consequently improve investors’ confidence in the market.
FACTORS INFLUENCING GRADUATE'S INTENTION TO REPAY EDUCATIONAL DEBT
Authors: JUMAT@MOHAMED SITI SAFWANAH , MUCHLIS GAZALI HANEFFA , AMBOALA TAMRIN
Published: January 2023

This study examines the relationships between graduates' intention to repay educational debt and their attitude, parental influence, financial literacy, and financial behaviours. This study employs quantitative methods, and data was collected using a Google Form. The self-administered online survey received 258 responses in total. According to the findings, attitude, parental influence, and financial literacy all have a significant positive relationship with the intention to repay the loan. The financial behaviour has no discernible relationship to repaying the educational loan. According to the findings, the Theory of Reasoned Action was significantly associated with loan repayment. The study has limitations, and more research is needed to fully understand this phenomenon.
WEST AFRICAN MONETARY POLICY, EXTERNAL SHOCKS AND ECONOMIC GROWTH DYNAMICS: AN S-VAR MODEL
Authors: Muhammed Abdullahi Bashir , Mohammed Tela Umar , Ab Wahab Siti Nur Aqilah
Published: January 2023

As a result of the West African region's continuous political and economic instability, various economies have used monetary policy changes to respond to shocks from macroeconomic causes. Scholars disagree on the mechanisms of monetary policy, external shocks, and macroeconomic activity links in an economy, according to the available literature in both inter-regional and intra-regional evaluations. This article promotes understanding and management of external shocks in monetary policy by focusing on two key goals. (1) To investigate external shocks, macroeconomic performance, and the dynamics of monetary policy in Western African countries. (2) Use the S-VAR method of estimate to investigate the impact of these economic indices on monetary policy dynamics in Nigeria, Ghana, Cameroon, and Niger. The S-VAR method was chosen because it is useful for analysing macroeconomic shocks and monetary policy transmission. The findings reveal that the West African countries are so interconnected, any change in the price of non-oil commodities would have a significant impact on the exchange rate, which will be channelled through policy rates to GDP. We recommend and emphasise the need of diversifying member countries' productive and export bases rather than continuing to rely on one or a few items as the primary source of income.
GRADUATE UNEMPLOYMENT DURING THE COVID-19 PANDEMIC IN MALAYSIA
Authors: BAHARIN ROZIANA , Abdullah Muhammad Azri
Published: January 2023

The COVID-19 epidemic has had a negative impact on many sectors, particularly the Malaysian economy. To prevent the spread of this illness, the government has taken extraordinary steps, issuing Movement Control Orders (MCO) throughout the nation. The consequence of this MCO prevents the firm from working regularly and creates losses to the point where the company must lay off some of its workers to fund the company's operating expenses. This has resulted in a rise in unemployment, as well as making it harder for graduates to join the labour market today. As a result, a research was done to identify the reasons that made it difficult for potential graduates to access the labour market during the COVID-19 epidemic, as well as solutions to this issue. Due to the Movement Control Order, a total of 200 respondents completed a questionnaire created using the Google Form platform and disseminated online (MCO). According to the conclusions of this research, the primary element that makes it difficult for graduates is due to factors of the economic slowdown, particularly during current pandemic, which generates heightened rivalry between graduates and retrenched workers to access the labour market. The study's findings are likely to make prospective graduates more aware of the problems that await them after graduation.
HAS THE 911 INCIDENT INDUCED ANY STRUCTURAL CHANGE IN THE U.S. STOCK MARKET?
Authors: Chong Terence Tai-Leung
Published: January 2023

This paper employs the structural-change test to predict structural change in the U.S. stock market, associated to the September 11 incident. More than 500 U.S. companies are examined in this study. It provides the first piece of statistical evidence showing that there are insiders who know the attack beforehand and try to profit from the U.S. stock market. Besides, structural change in the stock price level has been detected in only 15 out of those 38 companies with unusual trading activities before the incident, indicating that the impact of the 911 attacks on the American financial system is very limited.
IMPACTS OF CRISES ON DYNAMIC LINKAGES BETWEEN FINANCIAL AND CAPITAL MARKETS
Authors: Halima Marwan , Lean Hooi-Hooi Lean , Wong Wing-Keung Wong
Published: January 2023

This paper studies the cointegration and bivariate causality relationships between capital and financial markets for the seven Asian countries, which were badly hit by the Asian Financial Crisis (AFC). Our empirical results show that, before the AFC, all countries, except the Philippines and Malaysia, experienced no evidence of Granger causality between the exchange rates and the stock prices. However, the appearance of the causality, but not the cointegration, between the capital and financial markets becomes stronger during the AFC period. Surprisingly, after the September 11 terrorist attack (911), the causality relationship between these two markets reverts back to normal as in the pre-AFC period and their cointegration relationship is weakened. From our findings, it can be inferred that: First, AFC has a bigger and more direct impact on the causality relationship between the financial and capital markets in Asia; Second, the 911 basically had no impact on the causality relationship between these two markets; and third, the Asian financial and capital markets have become more mature and efficient after the 911 crisis.
THE DYNAMIC CAUSAL BETWEEN FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM MALAYSIA BASED ON VECTOR ERROR CORRECTION MODELING APPROACH
Authors: Amiruddin Rosilawati , Mohd Nor Abu Hassan Shaari , Ismail Ismadi
Published: January 2023

The purpose of this paper is to study the effectiveness of financial development on Malaysian economic growth by utilising quarterly data. In view of the priority given to dynamic relationship in conducting this study, the Vector Autoregressive (VAR) method which encompasses the Johansen-Juselius Multivariate cointegration, Vector Error Correction Model (VECM), Impulse Response Function (IRF) and Variance Decomposition (VDC), are used as empirical evidence. The result reveals a short term and long term dynamic relationship between financial development and economic growth. The importance of financial sector in influencing the economic activity is proven as a clear policy implication.
AN EMPIRICAL INVESTIGATION ON CONSUMER ACCEPTANCE OF INTERNET BANKING IN AN ISLAMIC BANK
Authors: Amin Hanudin
Published: January 2023

The purpose of this study is to investigate the determinants that influence Internet banking acceptance among the Islamic bankâ€™s customers. Technology acceptance model (TAM) is utilised as a point of departure. In this study, perceived credibility, amount of information on Internet banking, perceived enjoyment, and social norm are added to the model, in addition to perceived usefulness, perceived ease of use. More importantly, the estimated linear regression model suggests that perceived credibility and social norm are significant determinants of Internet banking acceptance among Muslims. In contrast, the estimated linear regression model suggests that perceived usefulness, perceived ease of use, perceived enjoyment and social norm are significant determinants of Internet banking acceptance among non-Muslims. Taken as a whole, the estimated linear regression model suggests that perceived credibility and social norm are significant determinants of Internet banking acceptance among the bankâ€™s customers. Overall, the results of this study are valuable to both researchers and practitioners in providing new insights about the Internet banking from Islamic banking institution point of view.
FIRM PERFORMANCE AND DIVIDEND-RELATED FACTORS: THE CASE OF MALAYSIA
Authors: Foong Swee Sim , Zakaria Nadisah Binti , Tan Hui Boon
Published: January 2023

The theory of dividend and its effect on the value of the firm is perhaps one of the most important yet puzzling theories in finance. The main objective of this study is to examine dividend related factors that can be relied upon when determining the value of the firm. We investigate the relationship between individual stock returns with dividend yield, dividend stability and changes in dividend yield from 1992 to 2000 in the Malaysian Trading/Services and Plantation firms. The statistical result from annually cross-sectional regression show weak evidence to support the significant role of dividend yield and dividend stability in explaining firm stock returns. Changes in dividend yield, on the other hand, have negative and significant coefficients in explaining stock returns in Trading/Services firms throughout 1993-1996 and the average crisis period. For Plantation firms, it is negatively significant only in 1994 and 1997.
Analysis of Speaking Skills with Storytelling Method in Indonesian Language Learning in Elementary Schools
Authors: Utami Nidya Chandra Muji , Azzahra Siti Fatimah , Nuryani Nuryani
Published: January 2023

This literature study, entitled "Analysis of Speaking Skills with Storytelling Methods in Indonesian Language Learning in Elementary Schools," describes the literature on speaking skills using the storytelling method with the narrative literature review (NLR) model. The technique employed is the comparison method. The purpose of this study is based on the needs in primary school environments, especially in high school, because knowing the problems and difficulties in applying Indonesian language learning to speaking skills for elementary school students is very much needed. It has been proven that it takes work to maximize students' speaking skills in front of an audience. Researchers identified the subject matter discussed in this study as 40 articles published in national journals within the last ten years. The article Speaking Skills with a Storytelling Approach consists of 20 pieces on speaking skills by various methods, as many as nine pieces for speaking skills in high school, which in general is as much as two articles; additionally, to speak with storytelling skills using a variety of models, as many as four articles; three articles for speaking skills using image media and comics; and the other two articles discuss speaking skills in law school in general. The novelty of the research obtained in the literature review of speaking skills and the theories presented by previous experts The impact of research that uses the study of literature is more significant when other researchers pay attention to the suggestions given by researchers when researching speaking skills.
Kajian Rupa Ornamen Makam Pesarean Sultan Abdul Kadirun di Bangkalan Madura.
Authors: Oktaviani Rizki , Ismurdyahwati Ika
Published: January 2023

ABSTRACT

Perkembangan zaman, lambat laun berdampak pada terkikisnya kebudayaan Indonesia. Hal ini disebabkan karena pengaruh asing dan ketidak tahuan generasi penerus untuk mengenali kebudayaanmasing-masing daerahnya. Sehubungan dengan itu pula, maka sehubungan dengan kebudayaan sebagai system, yang salah satunya adalah, sistem religi, yang berhubungan dengan upacara keagamaan, dan benda-benda atau bangunan-bangunan keagamaan, selain candi-candi, juga makam-makam kuno yang terdapat di seluruh tanah negeri Nusantara. Tujuan penelitian ini adalah untuk Mengetahui hasil analisis rupa pada Makam Kerajaan Madura Barat di Pesarean Sultan Abdul Kadirun di Bangkalan. Penelitian ini menggunakan penelitian kualitatif yang menggunakan beberapa metode penelitian yang mendukung dan membantu mendapatkan data dengan efektif seperti metode observasi dan wawancara. dengan metode tersebut penulis dapat mengetahui hasil penelitian menganalisis bentuk rupa ornamen yang terdapat pada Jinjing Pesarean Sultan Abdul Kadirun, seperti yang disampaikan oleh narasumber bahwa bentuk ornamen jinjing ini seperti mahkota kerajaan yang melambangkan adanya kerajaan, dan juga bentuk flora yaitu daun ketela pohon dan kuncup bunga yang memiliki arti kesederhanaan dan kesuburan.
Features of substantiation and functioning of human-machine system
Authors:   Azov-Black Sea Engineering Institute of Donskoy GAU, Lipkovich Igor , Egorova Irina , Pjatikopov Sergey , Petrenko Nadezhda , Zholobova Maria
Published: January 2023

The article considers the technological justification of specialized complexes as human-machine systems (HMS) and the features of their functioning, since so far no work has been done in this area to the required extent. It should be noted that the operating conditions here have not been studied in relation to organizational HMS, but contain only a well-understood traditional use of a machine-tractor unit (MTU) and maintenance facilities (MF) during the work of two machine operators, that is expressed in the theory and practice of machine use by the concept of "shift factor 2 (or 1.5)". Keywords: HUMAN-MACHINE SYSTEMS, PRODUCTION, OPERATION MODE, TECHNOLOGICAL PROCESS, LABOR PROTECTION, CROP ROTATION, FIELD CROPS, MAINTENANCE, REPAIR
KRU GROUP: Leaving The Legacy For Betterment
Authors: Mukhtar Dzulkifli , Mat Yunoh Muhammad Naqib , Muhamad Mahathir
Published: January 2023

Dato Norman sang KRU's hit song "Awas," which had once been the whistling of young people, in between wiping and composing the platinum CDs of the KRU group one by one. No matter how calm he appeared, he couldn't seem to get one question out of his head.

"Who will take over as my successor? What will happen to KRU if I am no longer here?

Will KRU be forgotten in the future?"
Munirah’s Homefield Real Estate Agency: “The Lady In A Man’s World Of A Real Estate”
Authors: Nik Muhammad Nik Maheran , Hassan Marhaini
Published: January 2023

MUNIRAH MOHAMAD has been involved in the real estate industry for over 20 years. She can be described as a lioness in the world of real estate, which the other so-called superior sex-male counterparts have dominated. Her well-defined story is depicted, so the world knows that success comes through hardship despite her well-to-do background. Some might not believe that Munirah’s journey to victory is filled with agonies and pains, but patiently, she accepts what Allah has planned for her. She believes in exploring, exposing and assessing issues brought forward and not afraid of taking risks or anything that she is not used to. She bows to be resilient to changes and leaves plenty of room to think wisely. Repeatedly mentioned that Munirah is of a prosperous family, living in a flourishing mode and is constantly showered with an abundance of wealth. However, she is never too arrogant to start her way up from the lowest level. To be specific, her predicament starts by being a receptionist at one of the real estate agencies in town, Subang Jaya. Later, with an ambitious heart, she spreads her wings by asking to be a negotiator in the same company and her plea is accepted. However, she is a strong-headed woman who is an added advantage. Feeling that there are still some missing portions of her life, she heads on to achieve what is already in store for her. There is no turning back, and she moves on with bigger and wider steps. Completing herself by adding more knowledge in the field of real estate, Munirah vows to be an energetic, productive and skilful agent. After sometimes, Munirah’s Homefield Real Estate Agency was set up in 1996.

Munirah’s long journey in the real estate milieu hopefully would open lots of eyes to that being the opposite sex shall not hinder a person from attaining her desires to be A SOMEONE. There shall be no more aching hearts or soaring minds that whisper swiftly into the minds of many about women who are only second-class citizens. Munirah once said to herself, “I am not just A woman, but I am THE woman, the one who would stand in the eyes of the world.”

Munirah can be the Malay role model, the hero or the super duper lady who shall inspire the life of many young women out there. Hopefully, these young women can follow in her footsteps into making the first move into real estate. Now, there you have it-the courage, plentiful guts and willingness to take chances laid before you would indeed bring you the most gratifying reward that you could ever dream of having.
Implication of ICT use on productivity and regional development planning among small scale enterprises in Ondo state
Authors: Fatusin Afolabi Francis , Oladehinde Gbenga John
Published: January 2023

One of the reasons often cited for underdevelopment of African cities and regions is low application of smart technology to improve means of production. This often led to inefficiency which is ultimately reflected in space. This paper investigated the level of ICT usage among small scale manufacturing enterprises in Ondo State. The study also investigated intra-regional variations in use of smart technologies in the industrial subsector and compared same across the three regions of the state. A sample of 352 enterprises was taken from three senatorial regions and nine settlements which were purposively sampled and interviewed using questionnaire. The production and operational system of these firms were observed. The data collected were analysed using descriptive and inferential methods. The study established that proportion of ICT users concentrated more in Ondo Central 45.7% than Ondo south (28.7%) and Ondo north (25.6%). It was also discovered that formal small scale enterprises made more use of ICT products, compared with those in the informal sector. Moreover ICT use among enterprises were urban biased as 91.2% of enterprises in this category were located in major towns of Akure, Okitipupa and Ikare, 8.1% in minor towns of Obaile, Ode Aye and Ugbe, with villages of Aponmu Iboropa and Ikoya being relatively insignificant (0.8%). The study established that enterprises that made use of smart technologies tend to be more efficient in terms of production and marketing especially in identification of new markets, networking, subcontracting, security and other linkage benefits. Also, regional industrial development entails not only quantitative growth of industries, but an industry that embrace a new opportunities in innovation, and technology especially in management, record keeping, production, decision making etc.
Нетрадиционный подход расчета эффективности аграрной продукции
Authors: Dudoglo Tatiana
Published: January 2023

Выяснено, что такие показатели эффективности продукции в сельском хозяйстве, как выход прибыли в расчете на один гектар посева и один центнер продукции можно достаточно точно рассчитывать без показателей урожайности и валового сбора возделываемых культур. Установлено, что показатели экономической эффективности произведенной и реализованной продукции зависят от степени удаления фактической урожайности от точки безубыточности (порога рентабельности). Для оценки указанной степени удаления используется показатель, который назван коэффициентом опережения  порога  рентабельности. Выявлена взаимосвязь между величиной опережения порога рентабельности и показателями выхода прибыли в расчете на один гектар земли и один центнер продукции. На примере конкретного сельскохозяйственного предприятия выполнены расчеты указанных зависимостей для ведущих культур. Чтобы выявить, не является ли указанная взаимосвязь характерной только для условий производства сельскохозяйственной продукции данного субъекта хозяйствования, выполнены расчеты аналогичных показателей еще по двум соседним предприятиям. Кроме того, представлена зависимость запаса финансовой прочности и операционного левериджа от коэффициента опережения порога рентабельности. Выполненное исследование позволит специалистам сельскохозяйственных предприятий при планировании производства, на основании показателя коэффициента опережения порога рентабельности, определять величину прибыли в расчете на единицу площади и единицу продукции, а также значения запаса финансовой прочности и операционного левериджа по всей товарной номенклатуре.
Внутрішньогосподарський контроль у системі управління м’ясопереробним підприємством
Authors: Kushnir Volodymyr
Published: January 2023

У статті описано теоретичні засади внутрішньогосподарського контролю та його практичні аспекти в роботі м’ясопереробних підприємств. Удосконалено визначення внутрішньогосподарського контролю, його предмета та мети. Визначено суб’єкти, об’єкти й завдання внутрішньогосподарського контролю, доповнено принципи його здійснення. Наголошено на необхідності здійснення внутрішньогосподарського контролю як важливого елемента в системі управління підприємством.