The study investigated an interplay between board attribute and earnings management of listed manufacturing companies in Nigeria. This study tested some board attributes indicators (audit fee, board independence, and board size), and earnings management was proxied using discretionary accruals using a sample of forty-two (42) manufacturing companies listed on Nigerian Exchange Group while purposeful sampling techniques were used to sampled from the population, covering the study period from 2010 to 2021. The data were analyzed using the Generalized method of moment by the use of E-View 12 econometric software and multivariate- regression model. The findings of the study show that there is a positive and statistically insignificant relationship between audit fees and earnings management. The study therefore concludes that a positive and statistical relationship exists between board attributes and earnings management of listed manufacturing companies in Nigeria. The study consequently recommends that ethical standards should be encouraged by the regulatory agencies if not mandated.
{"title":"AN INTERACTION BETWEEN BOARD ATTRIBUTES AND EARNINGS MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN NIGERIA","authors":"J. Akindele, A. Marsidi, T. O. Bakare, A. Aliyu","doi":"10.33736/uraf.6415.2023","DOIUrl":"https://doi.org/10.33736/uraf.6415.2023","url":null,"abstract":"The study investigated an interplay between board attribute and earnings management of listed manufacturing companies in Nigeria. This study tested some board attributes indicators (audit fee, board independence, and board size), and earnings management was proxied using discretionary accruals using a sample of forty-two (42) manufacturing companies listed on Nigerian Exchange Group while purposeful sampling techniques were used to sampled from the population, covering the study period from 2010 to 2021. The data were analyzed using the Generalized method of moment by the use of E-View 12 econometric software and multivariate- regression model. The findings of the study show that there is a positive and statistically insignificant relationship between audit fees and earnings management. The study therefore concludes that a positive and statistical relationship exists between board attributes and earnings management of listed manufacturing companies in Nigeria. The study consequently recommends that ethical standards should be encouraged by the regulatory agencies if not mandated.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"38 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139149572","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}
Mohd Waliuddin Mohd Razali, Tracia S Sim, Damien Lee Iung Yau Lung Yau, Fatin Nur Hidayah Taib Khan, Shazali Shaharuddin
Corporate social responsibility (CSR) has been rolled out in recent years as it has become vital owing to the massive growth of financial institutions, mutual funds, online resources, and other publications. CSR disclosure could reduce the cost of equity. The study's main objective is to investigate the CSR disclosure by companies listed in Malaysia towards the cost of equity. This study is based on three hundred four (304) samples of Malaysian listed companies from 2013 to 2014. The data of the samples were mainly collected from annual reports, except for financial data which were collected from DataStream. The result revealed that the CSR disclosure in the annual report could reduce the company's cost of equity by reducing information asymmetry, reducing agency costs, and reducing companies' risk. The result also shows that liquidity has a significant negative relationship with the cost of equity. The higher information disclosure enhances stock market liquidity, thus, reducing the cost of equity through the reduction of risk as well increasing demand for a company's securities. The size, liquidity, and growth have a significant relationship with the cost of equity.
{"title":"CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AND COST OF EQUITY EVIDENCE FROM PUBLIC LISTED COMPANIES IN MALAYSIA","authors":"Mohd Waliuddin Mohd Razali, Tracia S Sim, Damien Lee Iung Yau Lung Yau, Fatin Nur Hidayah Taib Khan, Shazali Shaharuddin","doi":"10.33736/uraf.6387.2023","DOIUrl":"https://doi.org/10.33736/uraf.6387.2023","url":null,"abstract":"Corporate social responsibility (CSR) has been rolled out in recent years as it has become vital owing to the massive growth of financial institutions, mutual funds, online resources, and other publications. CSR disclosure could reduce the cost of equity. The study's main objective is to investigate the CSR disclosure by companies listed in Malaysia towards the cost of equity. This study is based on three hundred four (304) samples of Malaysian listed companies from 2013 to 2014. The data of the samples were mainly collected from annual reports, except for financial data which were collected from DataStream. The result revealed that the CSR disclosure in the annual report could reduce the company's cost of equity by reducing information asymmetry, reducing agency costs, and reducing companies' risk. The result also shows that liquidity has a significant negative relationship with the cost of equity. The higher information disclosure enhances stock market liquidity, thus, reducing the cost of equity through the reduction of risk as well increasing demand for a company's securities. The size, liquidity, and growth have a significant relationship with the cost of equity.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"2 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139156527","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}
This study examines the impact of trade, foreign direct investment (FDI), and economic growth on carbon dioxide (CO2) emissions in Selected Asian countries for the period 1990 to 2019. The objectives of this study are (1) to investigate the relationship between trade and CO2 emission, (2) to investigate the relationship between FDI and CO2 emission, and (3) to investigate the relationship between economic growth and CO2 emission. This study uses ordinary least squares (OLS) method to analyze the data. Multicollinearity test, heteroskedasticity test, and serial correlation test were also used to check the stability of the model. In addition, Granger causality test was applied to this study. The results show that there is a significant positive correlation between economic growth and CO2 emissions. If GDP increases by 1%, the average CO2 emission will increase by 0.186%, holding other variables constant. The explanation of trade and FDI on CO2 emissions is insignificant. Multicollinearity, heteroskedasticity and serial correlation are not present in the model of this study. Finally, the results of Granger causality test show that there is no Granger causality between independent variables and dependent variable. The government establishes better environmental regulations and strengthens the regulation of chemical and heavy industry sectors. Promoting technological advancement and investment in new energy technologies, government focus on energy efficiency and environmental initiatives in the corporate sector can effectively curb the growth of CO2 emissions.
本研究探讨了1990年至2019年期间部分亚洲国家的贸易、外国直接投资（FDI）和经济增长对二氧化碳（CO2）排放的影响。本研究的目标是：（1）研究贸易与二氧化碳排放之间的关系；（2）研究外国直接投资与二氧化碳排放之间的关系；（3）研究经济增长与二氧化碳排放之间的关系。 本研究采用普通最小二乘法（OLS）对数据进行分析。为了检验模型的稳定性，还使用了多重共线性检验、异方差检验和序列相关检验。此外，本研究还采用了格兰杰因果检验。 结果表明，经济增长与二氧化碳排放之间存在显著的正相关关系。在其他变量不变的情况下，如果 GDP 增加 1%，二氧化碳平均排放量将增加 0.186%。贸易和外国直接投资对二氧化碳排放量的影响不明显。本研究的模型不存在多重共线性、异方差和序列相关性。最后，格兰杰因果检验结果表明，自变量与因变量之间不存在格兰杰因果关系。 政府制定更好的环境法规，加强对化工和重工业部门的监管。促进技术进步和对新能源技术的投资、政府对能源效率的重视以及企业部门的环保举措可以有效抑制二氧化碳排放量的增长。
{"title":"THE IMPACT OF TRADE, FOREIGN DIRECT INVESTMENT (FDI), AND ECONOMIC GROWTH ON CARBON DIOXIDE (CO2) EMISSIONS IN SELECTED ASIAN COUNTRIES","authors":"Yu Tian Li","doi":"10.33736/uraf.5205.2023","DOIUrl":"https://doi.org/10.33736/uraf.5205.2023","url":null,"abstract":"This study examines the impact of trade, foreign direct investment (FDI), and economic growth on carbon dioxide (CO2) emissions in Selected Asian countries for the period 1990 to 2019. The objectives of this study are (1) to investigate the relationship between trade and CO2 emission, (2) to investigate the relationship between FDI and CO2 emission, and (3) to investigate the relationship between economic growth and CO2 emission. This study uses ordinary least squares (OLS) method to analyze the data. Multicollinearity test, heteroskedasticity test, and serial correlation test were also used to check the stability of the model. In addition, Granger causality test was applied to this study. The results show that there is a significant positive correlation between economic growth and CO2 emissions. If GDP increases by 1%, the average CO2 emission will increase by 0.186%, holding other variables constant. The explanation of trade and FDI on CO2 emissions is insignificant. Multicollinearity, heteroskedasticity and serial correlation are not present in the model of this study. Finally, the results of Granger causality test show that there is no Granger causality between independent variables and dependent variable. The government establishes better environmental regulations and strengthens the regulation of chemical and heavy industry sectors. Promoting technological advancement and investment in new energy technologies, government focus on energy efficiency and environmental initiatives in the corporate sector can effectively curb the growth of CO2 emissions.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"3 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139157337","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}
The study is carried out to examine the impact of capital structure on the performance of Malaysian manufacturing listed corporations. Specifically, the study attempts to investigate the relationship between short-term debt (STD), long-term debt (LTD), total assets (TA) and debt to equity (DE) on the return on equity (ROE) of manufacturing companies listed on Bursa Malaysia. To achieve this objective, the data is collected from the annual data of 30 Malaysian manufacturing companies listed on Bursa Malaysia from 2010 to 2017. The annual reports of the selected companies are available on the Bursa Malaysia webpage. In this study, the data is analyzed using Eviews 9 software. The findings of the study show that total assets (TA) and debt to equity (DE) have negative significant effect on the return on equity (ROE) whereas short-term debt (STD) and long-term debt (LTD) have positive significant relationship with firm financial performance. The study thus contributes towards better understanding on the relationship between the capital structure and performance of the manufacturing companies in Malaysia.
{"title":"CAPITAL STRUCTURE AND PERFORMANCE OF MANUFACTURING COMPANIES ON BURSA MALAYSIA","authors":"Lee Fah Chen, A. Marsidi","doi":"10.33736/uraf.6386.2023","DOIUrl":"https://doi.org/10.33736/uraf.6386.2023","url":null,"abstract":"The study is carried out to examine the impact of capital structure on the performance of Malaysian manufacturing listed corporations. Specifically, the study attempts to investigate the relationship between short-term debt (STD), long-term debt (LTD), total assets (TA) and debt to equity (DE) on the return on equity (ROE) of manufacturing companies listed on Bursa Malaysia. To achieve this objective, the data is collected from the annual data of 30 Malaysian manufacturing companies listed on Bursa Malaysia from 2010 to 2017. The annual reports of the selected companies are available on the Bursa Malaysia webpage. In this study, the data is analyzed using Eviews 9 software. The findings of the study show that total assets (TA) and debt to equity (DE) have negative significant effect on the return on equity (ROE) whereas short-term debt (STD) and long-term debt (LTD) have positive significant relationship with firm financial performance. The study thus contributes towards better understanding on the relationship between the capital structure and performance of the manufacturing companies in Malaysia.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"43 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139158434","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}
Nazaria Md Aris, Yuin Weng Tan, Brenda Nu Minggu, Pei Jia Lim
Dividend policy relay information regarding the dividend decision made by the firm, and it is crucial to the shareholders and investors due to the potential impact on the value of a firm. This study aims to investigate the influence of dividend policy and firms’ value for the plantation sector in Malaysia. Thus, the determinants for dividend policy are dividend payout ratio, price earnings ratio, and earnings per share while the firms’ value is represented by Tobin’s Q. Based on a quantitative approach, 44 firms of plantation sectors listed in Bursa Malaysia from 2016 to 2019. The data were collected from the published annual reports and audited financial statements of the local plantation firms and analyzed using EViews version 10. Based on the findings, the dividend payout ratio has a negative significant relationship with firms’ value. The price earnings ratio has a negative influence on firms’ value while earnings per share have a positive influence on firms’ value. However, these relationships were reported as insignificant. This study attempts to contribute to the body of knowledge and highlights the valuable implication to the management, stakeholders, and policy makers of the plantation sector in Malaysia.
{"title":"DIVIDEND POLICY EFFECTS ON FIRMS’ VALUE IN MALAYSIAN PLANTATION SECTOR","authors":"Nazaria Md Aris, Yuin Weng Tan, Brenda Nu Minggu, Pei Jia Lim","doi":"10.33736/uraf.5116.2023","DOIUrl":"https://doi.org/10.33736/uraf.5116.2023","url":null,"abstract":"Dividend policy relay information regarding the dividend decision made by the firm, and it is crucial to the shareholders and investors due to the potential impact on the value of a firm. This study aims to investigate the influence of dividend policy and firms’ value for the plantation sector in Malaysia. Thus, the determinants for dividend policy are dividend payout ratio, price earnings ratio, and earnings per share while the firms’ value is represented by Tobin’s Q. Based on a quantitative approach, 44 firms of plantation sectors listed in Bursa Malaysia from 2016 to 2019. The data were collected from the published annual reports and audited financial statements of the local plantation firms and analyzed using EViews version 10. Based on the findings, the dividend payout ratio has a negative significant relationship with firms’ value. The price earnings ratio has a negative influence on firms’ value while earnings per share have a positive influence on firms’ value. However, these relationships were reported as insignificant. This study attempts to contribute to the body of knowledge and highlights the valuable implication to the management, stakeholders, and policy makers of the plantation sector in Malaysia.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"2008 25","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139160260","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}
Bakri Abdul Karim, Norlina Kadri, Jenifer Yam Sat, Nur Hazwani Maryam Kassim, Wong Yi Ting
This study aims to examine the link between CEO gender and company performance in Malaysia Using 30 companies for the period from 2018 to 2022 and a panel data analysis, the findings show that gender, firm age, and the number of directors have no effect on a company's performance. Contrarily, firm size significantly enhances the performance of the firm. The study has major implications to investors, businesses, and policy makers.
{"title":"CEO GENDER AND FIRM PERFORMANCE IN MALAYSIA","authors":"Bakri Abdul Karim, Norlina Kadri, Jenifer Yam Sat, Nur Hazwani Maryam Kassim, Wong Yi Ting","doi":"10.33736/uraf.6382.2023","DOIUrl":"https://doi.org/10.33736/uraf.6382.2023","url":null,"abstract":"This study aims to examine the link between CEO gender and company performance in Malaysia Using 30 companies for the period from 2018 to 2022 and a panel data analysis, the findings show that gender, firm age, and the number of directors have no effect on a company's performance. Contrarily, firm size significantly enhances the performance of the firm. The study has major implications to investors, businesses, and policy makers.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"409 2‐3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139160737","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}
Nazaria Md Aris, Brenda Nu Minggu, Yuin Weng Tan, Pei Jia Lim, Ahmad Syubaili Mohamed
The cash conversion cycle (CCC) is a crucial indicator in determining how efficiently a firm can turn its inventory into sales and subsequently into cash. Data from 43 firms listed in Bursa Malaysia from 2016 to 2019 were used to study the relationship between the CCC and profitability. The determinants for CCC are the days sales outstanding (DSO), days payables outstanding (DPO), and days inventory outstanding (DIO) while profitability is represented by the return on assets (ROA) of the firms. The data were collected from the published annual reports and audited financial statements of the local plantation firms and analyzed using EViews version 10. The result reported that DSO positively influences profitability significantly. DIO also reported a positive influence on profitability but the relationship is insignificant. On the other hand, DPO has an adverse effect on profitability and the relationship is insignificant. The findings provide useful information for the Malaysian government, investors, and policymakers in developing effective policies, rules, or regulations to promote economic productivity, growth, and the best plantation financing decision.
{"title":"CASH CONVERSION CYCLE EFFECTS ON PROFITABILITY OF MALAYSIAN PLANTATION SECTOR","authors":"Nazaria Md Aris, Brenda Nu Minggu, Yuin Weng Tan, Pei Jia Lim, Ahmad Syubaili Mohamed","doi":"10.33736/uraf.5115.2023","DOIUrl":"https://doi.org/10.33736/uraf.5115.2023","url":null,"abstract":"The cash conversion cycle (CCC) is a crucial indicator in determining how efficiently a firm can turn its inventory into sales and subsequently into cash. Data from 43 firms listed in Bursa Malaysia from 2016 to 2019 were used to study the relationship between the CCC and profitability. The determinants for CCC are the days sales outstanding (DSO), days payables outstanding (DPO), and days inventory outstanding (DIO) while profitability is represented by the return on assets (ROA) of the firms. The data were collected from the published annual reports and audited financial statements of the local plantation firms and analyzed using EViews version 10. The result reported that DSO positively influences profitability significantly. DIO also reported a positive influence on profitability but the relationship is insignificant. On the other hand, DPO has an adverse effect on profitability and the relationship is insignificant. The findings provide useful information for the Malaysian government, investors, and policymakers in developing effective policies, rules, or regulations to promote economic productivity, growth, and the best plantation financing decision.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"333 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139160851","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}
Bakri Abdul Karim, Annescia Franciene Patres, Bridney Chow Yi Ying, Jefferson Tiong Kung Lien
The objective of this study is to identify whether the financial ratios have an impact towards the stock price in the banking industry of Malaysia. The financial ratios used in this study are the net profit margin, price to earnings ratio and dividend payout ratio. The sample collected for this empirical study covered 10 years of data from 2013-2022. The study found that the net profit margin and price to earnings ratio boost stock price, however the dividend payout ratio decreases stock price. The influence of net profit margin and dividend payment ratio on stock price is negligible, in contrast to price to earnings ratio, which has a large effect on stock price.
{"title":"THE IMPACTS OF FINANCIAL RATIOS ON STOCK PRICES IN MALAYSIA: EVIDENCE FROM BANKING INDUSTRY","authors":"Bakri Abdul Karim, Annescia Franciene Patres, Bridney Chow Yi Ying, Jefferson Tiong Kung Lien","doi":"10.33736/uraf.6380.2023","DOIUrl":"https://doi.org/10.33736/uraf.6380.2023","url":null,"abstract":"The objective of this study is to identify whether the financial ratios have an impact towards the stock price in the banking industry of Malaysia. The financial ratios used in this study are the net profit margin, price to earnings ratio and dividend payout ratio. The sample collected for this empirical study covered 10 years of data from 2013-2022. The study found that the net profit margin and price to earnings ratio boost stock price, however the dividend payout ratio decreases stock price. The influence of net profit margin and dividend payment ratio on stock price is negligible, in contrast to price to earnings ratio, which has a large effect on stock price.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"301 2‐3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139160756","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}
The aim of this research is to examine the impact of share repurchase towards the performance of listed companies in Bursa Malaysia. Share repurchase has become significantly popular in recent years. It has been recognized as one of the effective tools to enhance communication between companies and their shareholders. This research consists of two specific objectives; to examine the relationship between repurchases of shares and the performance of listed companies on Bursa Malaysia and to examine the relationship between Share repurchase and return on asset (ROA). This research comprises several theories such as signaling theory, efficient market hypothesis, free cash flow hypothesis as well as substitution hypothesis. In this research, company performance is the dependent variable while the independent variables are known as share repurchase. The impact of independent variable towards dependent variable has been examined in this research. Furthermore, asset turnover, cash flow margin, leverage, and market-to-book ratio of company was the control variable. This research has employed secondary data to examine the effect of share repurchase towards listed company’s performance in Bursa Malaysia. The data was derived from several sources such as Bursa Malaysia official website, annual report of the company as well as DataStream database. Several statistic tests have been carried out to test the objective of research.
{"title":"THE EFFECT OF SHARE REPURCHASE ON THE PERFORMANCE OF COMPANIES LISTED ON BURSA MALAYSIA","authors":"Nurul Izza, Abd Malek, Mohamad Jais, Kho Lian","doi":"10.33736/uraf.5288.2023","DOIUrl":"https://doi.org/10.33736/uraf.5288.2023","url":null,"abstract":"The aim of this research is to examine the impact of share repurchase towards the performance of listed companies in Bursa Malaysia. Share repurchase has become significantly popular in recent years. It has been recognized as one of the effective tools to enhance communication between companies and their shareholders. This research consists of two specific objectives; to examine the relationship between repurchases of shares and the performance of listed companies on Bursa Malaysia and to examine the relationship between Share repurchase and return on asset (ROA). This research comprises several theories such as signaling theory, efficient market hypothesis, free cash flow hypothesis as well as substitution hypothesis. In this research, company performance is the dependent variable while the independent variables are known as share repurchase. The impact of independent variable towards dependent variable has been examined in this research. Furthermore, asset turnover, cash flow margin, leverage, and market-to-book ratio of company was the control variable. This research has employed secondary data to examine the effect of share repurchase towards listed company’s performance in Bursa Malaysia. The data was derived from several sources such as Bursa Malaysia official website, annual report of the company as well as DataStream database. Several statistic tests have been carried out to test the objective of research.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"476 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139160835","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}
The goal of this research was to look at the association between financial literacy and financial behaviour in different age groups. Financial literacy was judged by the number of accurate answers from questions that required the respondent to calculate and also was based on the respondents' responses on a scale of 1 to 5. The age groupings were as follows: 13–19, 20–39, 40–59, and 60 and over. Long-term financial behaviour included retirement saving and investment, whereas short-term financial behaviour included expenditure and emergency savings. The data was gathered from a sample of 300 respondents through a survey method. It was analysed using Ordered Logistic Regression. The findings are broadly similar with those of other investigations. However, some of the results may differ due to its geographical boundaries, sample size, and research design. This research demonstrates policymakers and financial practitioners with a detailed financial assessment of various age groups, along with valuable insights.
{"title":"Financial Literacy and Financial Behaviour in Four Different Age Groups in Malaysia","authors":"J. Yau","doi":"10.33736/uraf.5248.2022","DOIUrl":"https://doi.org/10.33736/uraf.5248.2022","url":null,"abstract":"The goal of this research was to look at the association between financial literacy and financial behaviour in different age groups. Financial literacy was judged by the number of accurate answers from questions that required the respondent to calculate and also was based on the respondents' responses on a scale of 1 to 5. The age groupings were as follows: 13–19, 20–39, 40–59, and 60 and over. Long-term financial behaviour included retirement saving and investment, whereas short-term financial behaviour included expenditure and emergency savings. The data was gathered from a sample of 300 respondents through a survey method. It was analysed using Ordered Logistic Regression. The findings are broadly similar with those of other investigations. However, some of the results may differ due to its geographical boundaries, sample size, and research design. This research demonstrates policymakers and financial practitioners with a detailed financial assessment of various age groups, along with valuable insights.","PeriodicalId":187805,"journal":{"name":"UNIMAS Review of Accounting and Finance","volume":"22 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":"123679295","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}
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