Pub Date : 2020-12-31DOI: 10.24191/jibe.v5i2.14234
Shamem Ara Mili, Fathyah Hashim
The aim of this paper is to incorporate relevant empirical researches and literature for extending the potentials of voluntary human capital disclosure to increase the value of the listed firms in Bangladesh. Voluntary human capital disclosure reduces information asymmetry and increases the financial lucidity of the business, and hence, could minimize agency conflicts, and satisfy employees’ and other stakeholders’ of the business. However, subsequent to a 13.8 percent drop in 2018, the broad index of the Dhaka Stock Exchange Limited lost 17.3 percent in 2019. It is among the first paper focusing on the consequence of voluntary human capital disclosures on firm value from a combination of agency theory, signaling theory, and stakeholder theory perspective. Moreover, extant literature endow with inconsistent and less evidence concerning the relationship of voluntary human capital disclosure with firm value. The present paper proposes and illustrates potential proposition for future empirical investigation in the context of an emerging economy like Bangladesh. It is also expected that the present paper would endow with further knowledge to investors, managers, and other stakeholders to upgrade firm value by means of voluntary human capital disclosure in their corporate reporting practices.
{"title":"Voluntary Human Capital Disclosure and Firm Value Relationship in the Listed Companies of Bangladesh: A Conceptual Overview","authors":"Shamem Ara Mili, Fathyah Hashim","doi":"10.24191/jibe.v5i2.14234","DOIUrl":"https://doi.org/10.24191/jibe.v5i2.14234","url":null,"abstract":"The aim of this paper is to incorporate relevant empirical researches and literature for extending the potentials of voluntary human capital disclosure to increase the value of the listed firms in Bangladesh. Voluntary human capital disclosure reduces information asymmetry and increases the financial lucidity of the business, and hence, could minimize agency conflicts, and satisfy employees’ and other stakeholders’ of the business. However, subsequent to a 13.8 percent drop in 2018, the broad index of the Dhaka Stock Exchange Limited lost 17.3 percent in 2019. It is among the first paper focusing on the consequence of voluntary human capital disclosures on firm value from a combination of agency theory, signaling theory, and stakeholder theory perspective. Moreover, extant literature endow with inconsistent and less evidence concerning the relationship of voluntary human capital disclosure with firm value. The present paper proposes and illustrates potential proposition for future empirical investigation in the context of an emerging economy like Bangladesh. It is also expected that the present paper would endow with further knowledge to investors, managers, and other stakeholders to upgrade firm value by means of voluntary human capital disclosure in their corporate reporting practices.","PeriodicalId":258234,"journal":{"name":"Journal of International Business, Economics and Entrepreneurship","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122518395","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}
Pub Date : 2020-12-31DOI: 10.24191/jibe.v5i2.14237
Amina Suleiman Mohamoud, S. Maon, E. Kassim
This study seeks to explore the critical success factors of education for sustainable development. As the world has realized a move towards sustainability is inevitable, sustainable development (SD) was adopted and headed by the United Nations. To embed the concept of sustainable development in the minds of young people who will be the future generations and to create the best practice and attitude towards environment, education for sustainable development (ESD) was introduced as an approach of teaching and learning in schools. Malaysia has implemented (ESD) and became a member of the Foundation of Environmental Education (FEE) and a member of the Worldwide Fund for Nature (WWF) which is running the eco school program nationally. However, as the uptake of the ecoschool status and environmental excellence of ‘Green Flag’ is very low, this gives the hint of the need for these schools to be aware of the success factors which can lead to effective implementation of education for sustainable development. Hence, an exploratory study based on the grounded theory approach was conducted. The data was attained from interviews with eco leaders of awarded eco-schools and with a “program officer” of the eco-school program in WWF Malaysia. The findings suggest for a model that consists of 33 critical success factors of implementing (ESD), fulfilled through four main elements of 1) the eco- committee, 2) the teacher (eco leader), 3) the students and 4) the school management. This model can be used as guidelines for those seeking to effectively implement education for sustainable development in eco-schools. The findings also emphasize on the importance of cooperation and collaboration between the school community, the public and private agencies, and non-government agencies to fulfill the sustainable development goals.
{"title":"Exploring Critical Success Factors of Education for Sustainable Development (ESD) in Malaysia","authors":"Amina Suleiman Mohamoud, S. Maon, E. Kassim","doi":"10.24191/jibe.v5i2.14237","DOIUrl":"https://doi.org/10.24191/jibe.v5i2.14237","url":null,"abstract":"This study seeks to explore the critical success factors of education for sustainable development. As the world has realized a move towards sustainability is inevitable, sustainable development (SD) was adopted and headed by the United Nations. To embed the concept of sustainable development in the minds of young people who will be the future generations and to create the best practice and attitude towards environment, education for sustainable development (ESD) was introduced as an approach of teaching and learning in schools. Malaysia has implemented (ESD) and became a member of the Foundation of Environmental Education (FEE) and a member of the Worldwide Fund for Nature (WWF) which is running the eco school program nationally. However, as the uptake of the ecoschool status and environmental excellence of ‘Green Flag’ is very low, this gives the hint of the need for these schools to be aware of the success factors which can lead to effective implementation of education for sustainable development. Hence, an exploratory study based on the grounded theory approach was conducted. The data was attained from interviews with eco leaders of awarded eco-schools and with a “program officer” of the eco-school program in WWF Malaysia. The findings suggest for a model that consists of 33 critical success factors of implementing (ESD), fulfilled through four main elements of 1) the eco- committee, 2) the teacher (eco leader), 3) the students and 4) the school management. This model can be used as guidelines for those seeking to effectively implement education for sustainable development in eco-schools. The findings also emphasize on the importance of cooperation and collaboration between the school community, the public and private agencies, and non-government agencies to fulfill the sustainable development goals.","PeriodicalId":258234,"journal":{"name":"Journal of International Business, Economics and Entrepreneurship","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132327105","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}
Pub Date : 2020-12-31DOI: 10.24191/jibe.v5i2.14235
Ahmad Norsiah, G. Norfazlina, Mohamad Fariz Abdullah, Nordin Raslan, Intan Najihah Mohd Nasir, Nur Amira Mohd Farid
Over the years, environmental concerns have been extensively discussed. Natural resources are increasingly being diminished for the unscrupulous benefits of business profitability, resulting in an inherent need for alternative solutions. Following this, an application of green marketing concept could be warranted in pursuit of an augmented awareness on environmental conservations. This study aims to investigate the extent to which green marketing tools, namely, eco-brand, eco-labelling, ecopackaging and environmental advertisement affect consumers’ purchase behaviour towards greenrelated products or services. Using a non-probability sampling technique, a total of 300 survey questionnaires were distributed to targeted respondents. However, only 189 feedbacks were usable for further statistical analyses. Regression result revealed that only eco-packaging and environmental advertisement had significant effects on consumer purchasing behaviour. Eco brand and eco labelling proved otherwise. Several managerial implications are further discussed.
{"title":"Green Marketing and its Effect on Consumers’ Purchase Behaviour: An Empirical Analysis","authors":"Ahmad Norsiah, G. Norfazlina, Mohamad Fariz Abdullah, Nordin Raslan, Intan Najihah Mohd Nasir, Nur Amira Mohd Farid","doi":"10.24191/jibe.v5i2.14235","DOIUrl":"https://doi.org/10.24191/jibe.v5i2.14235","url":null,"abstract":"Over the years, environmental concerns have been extensively discussed. Natural resources are increasingly being diminished for the unscrupulous benefits of business profitability, resulting in an inherent need for alternative solutions. Following this, an application of green marketing concept could be warranted in pursuit of an augmented awareness on environmental conservations. This study aims to investigate the extent to which green marketing tools, namely, eco-brand, eco-labelling, ecopackaging and environmental advertisement affect consumers’ purchase behaviour towards greenrelated products or services. Using a non-probability sampling technique, a total of 300 survey questionnaires were distributed to targeted respondents. However, only 189 feedbacks were usable for further statistical analyses. Regression result revealed that only eco-packaging and environmental advertisement had significant effects on consumer purchasing behaviour. Eco brand and eco labelling proved otherwise. Several managerial implications are further discussed.","PeriodicalId":258234,"journal":{"name":"Journal of International Business, Economics and Entrepreneurship","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126086797","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}
Pub Date : 2020-12-31DOI: 10.24191/jibe.v5i2.14214
Anderson Chen Lu Chua, J. Kueh, S. Yong, J. Yau, Audrey Liwan
This paper aims to investigate the short and long term association between Foreign Direct Investment (FDI) and overall consumer affordability in Malaysia Real Estate Sector using Vector Autoregressive model. Sample period used is 2009:Q1 to 2017:Q4. FDI is scapegoated as the leading cause of decreasing affordability in real estate. In most cases, FDI on real estate contributes to the rising income of the country. Increasing income promotes demand to a higher threshold level. Thus, theoretically will cause housing price to increase. Through this study, evidence of no cointegration and absence of Granger causality converge towards deficiency of relationship among FDI and Housing Affordability Index (HAI). Findings pointed out FDI is not the cause of decreasing HAI.
{"title":"Impact of Foreign Direct Investment (FDI) on Housing Affordability Index: Vector Autoregressive Model","authors":"Anderson Chen Lu Chua, J. Kueh, S. Yong, J. Yau, Audrey Liwan","doi":"10.24191/jibe.v5i2.14214","DOIUrl":"https://doi.org/10.24191/jibe.v5i2.14214","url":null,"abstract":"This paper aims to investigate the short and long term association between Foreign Direct Investment (FDI) and overall consumer affordability in Malaysia Real Estate Sector using Vector Autoregressive model. Sample period used is 2009:Q1 to 2017:Q4. FDI is scapegoated as the leading cause of decreasing affordability in real estate. In most cases, FDI on real estate contributes to the rising income of the country. Increasing income promotes demand to a higher threshold level. Thus, theoretically will cause housing price to increase. Through this study, evidence of no cointegration and absence of Granger causality converge towards deficiency of relationship among FDI and Housing Affordability Index (HAI). Findings pointed out FDI is not the cause of decreasing HAI.","PeriodicalId":258234,"journal":{"name":"Journal of International Business, Economics and Entrepreneurship","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125894097","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}
Pub Date : 2020-12-31DOI: 10.24191/jibe.v5i2.14230
M. Islam, Fathyah Hashim
The aim of the present paper is to look at whether corporate tax avoidance (CTA) contributes to firm value in the perspective of Bangladeshi listed firms. Our conceptual assumption is that in presence of agency conflicts, corporate managers take on tax avoidance (TA) initiatives to extract their own benefits through taking advantage as of the loopholes of current tax laws. Further, CTA does not fulfill the ethical and social demands. Agency costs and social irresponsibility that produce from TA activities could adversely influence the firm value. It is also among the first paper focusing on the TA and firm value association in the perspective of Bangladeshi listed firms after the gradual decline of stock market index during the year 2019, whereas most of the adjacent South Asian countries’ bourse has achieved gradual improve. However, the present paper aims to integrate relevant studies and theories to extend the intended potentials for limiting corporate tax avoidance to enhance the value of the listed companies in Bangladesh. This study has evaluated CTA behavior from a combination of agency theory and stakeholder theory standpoint rather than traditional sight of tax burden decreasing strategy. Moreover, as existing literature reveals inconsistent and less evidence that attempt to examine the consequence of CTA on firm value, the present paper proposes and shows an imperative proposition for potential empirical research.
{"title":"Tax Avoidance and Firm Value Relationship in the Listed Companies of Bangladesh: A Conceptual Overview","authors":"M. Islam, Fathyah Hashim","doi":"10.24191/jibe.v5i2.14230","DOIUrl":"https://doi.org/10.24191/jibe.v5i2.14230","url":null,"abstract":"The aim of the present paper is to look at whether corporate tax avoidance (CTA) contributes to firm value in the perspective of Bangladeshi listed firms. Our conceptual assumption is that in presence of agency conflicts, corporate managers take on tax avoidance (TA) initiatives to extract their own benefits through taking advantage as of the loopholes of current tax laws. Further, CTA does not fulfill the ethical and social demands. Agency costs and social irresponsibility that produce from TA activities could adversely influence the firm value. It is also among the first paper focusing on the TA and firm value association in the perspective of Bangladeshi listed firms after the gradual decline of stock market index during the year 2019, whereas most of the adjacent South Asian countries’ bourse has achieved gradual improve. However, the present paper aims to integrate relevant studies and theories to extend the intended potentials for limiting corporate tax avoidance to enhance the value of the listed companies in Bangladesh. This study has evaluated CTA behavior from a combination of agency theory and stakeholder theory standpoint rather than traditional sight of tax burden decreasing strategy. Moreover, as existing literature reveals inconsistent and less evidence that attempt to examine the consequence of CTA on firm value, the present paper proposes and shows an imperative proposition for potential empirical research.","PeriodicalId":258234,"journal":{"name":"Journal of International Business, Economics and Entrepreneurship","volume":"199 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123494205","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}
Pub Date : 2020-12-31DOI: 10.24191/jibe.v5i2.14246
Idaya Husna Mohd, Joanna Julan, T. Besar
Training and development are an essential strategic tool for enhancing employees’ performance and many organizations keep increasing training budget yearly basis with believe that it will earn them competitive advantage. The main objective of this study is to examine the impact of training and development on employees’ performance in a property management corporation. A total of one dependent variable; employees’ performance, and one independent variable, named training and development which consist of three dimensions; needs assessment, training and development techniques, and career development, have been developed. Quantitative and descriptive research methods are adopted for this particular study using one hundred valid questionnaires that were completed by the employees of this corporation. Simple random sampling technique is used and that the data collected are analyzed using descriptive statistics in order to represent the raw data in a meaningful manner. Based on the findings of this study employees believe that needs assessment should be done prior to deciding trainings, proper and suitable techniques are to be used to deliver trainings, and that further career development should be established in order to enhance employees’ performance.
{"title":"Strategic Training and Development: The Impact on Employees’ Performance","authors":"Idaya Husna Mohd, Joanna Julan, T. Besar","doi":"10.24191/jibe.v5i2.14246","DOIUrl":"https://doi.org/10.24191/jibe.v5i2.14246","url":null,"abstract":"Training and development are an essential strategic tool for enhancing employees’ performance and many organizations keep increasing training budget yearly basis with believe that it will earn them competitive advantage. The main objective of this study is to examine the impact of training and development on employees’ performance in a property management corporation. A total of one dependent variable; employees’ performance, and one independent variable, named training and development which consist of three dimensions; needs assessment, training and development techniques, and career development, have been developed. Quantitative and descriptive research methods are adopted for this particular study using one hundred valid questionnaires that were completed by the employees of this corporation. Simple random sampling technique is used and that the data collected are analyzed using descriptive statistics in order to represent the raw data in a meaningful manner. Based on the findings of this study employees believe that needs assessment should be done prior to deciding trainings, proper and suitable techniques are to be used to deliver trainings, and that further career development should be established in order to enhance employees’ performance.","PeriodicalId":258234,"journal":{"name":"Journal of International Business, Economics and Entrepreneurship","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128029348","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}
Pub Date : 2020-06-30DOI: 10.24191/jibe.v5i1.14288
N. Yusuf, Natasha Aliana Muhamad Hilmi, Wan Mohd Yaseer Mohd Abdoh, Rozihanim Shekh Zain, Noor Sharida Badri Shah
This paper provides useful insights on the determinants of macroeconomic variables on Islamic stock index evidence from frontier market. The aims of this study is to examine the effect of macroeconomic variables namely gross domestic product (GDP), inflation (consumer price index), exchange rate (USD exchange rate), oil price (crude palm oil) and money supply (M2) on frontier market Islamic index (FMII). This study employs Fixed Effect (FE) model of 17 countries listed under FMII. The study cover a ten (10) years period from 2008 until 2017. The study have shown significant relationship between inflation, money supply and exchange rate with FMII and managed to reject null hypotheses for the three variables. Inflation and exchange rate is negatively related with FMII while money supply, gross domestic product and oil price is positively related to FMII. However, the study fails to find any significant relationship between gross domestic product and oil price with FMII. The findings of this study will provide better understanding on the frontier market and helps to improve their performance. Therefore, it can encourage countries in frontier market to be able to compete and achieve similar advancement as countries in developed and emerging market did.
{"title":"Determinants of Macroeconomic Variables on Islamic Stock Index: Evidence from Frontier Market","authors":"N. Yusuf, Natasha Aliana Muhamad Hilmi, Wan Mohd Yaseer Mohd Abdoh, Rozihanim Shekh Zain, Noor Sharida Badri Shah","doi":"10.24191/jibe.v5i1.14288","DOIUrl":"https://doi.org/10.24191/jibe.v5i1.14288","url":null,"abstract":"This paper provides useful insights on the determinants of macroeconomic variables on Islamic stock index evidence from frontier market. The aims of this study is to examine the effect of macroeconomic variables namely gross domestic product (GDP), inflation (consumer price index), exchange rate (USD exchange rate), oil price (crude palm oil) and money supply (M2) on frontier market Islamic index (FMII). This study employs Fixed Effect (FE) model of 17 countries listed under FMII. The study cover a ten (10) years period from 2008 until 2017. The study have shown significant relationship between inflation, money supply and exchange rate with FMII and managed to reject null hypotheses for the three variables. Inflation and exchange rate is negatively related with FMII while money supply, gross domestic product and oil price is positively related to FMII. However, the study fails to find any significant relationship between gross domestic product and oil price with FMII. The findings of this study will provide better understanding on the frontier market and helps to improve their performance. Therefore, it can encourage countries in frontier market to be able to compete and achieve similar advancement as countries in developed and emerging market did.","PeriodicalId":258234,"journal":{"name":"Journal of International Business, Economics and Entrepreneurship","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125463870","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}
Pub Date : 2020-06-30DOI: 10.24191/jibe.v5i1.14285
Siti Salwa Abdul Rahman, Norliza Che-Yahya
The declining rate on initial return of Malaysian IPOs over the past years have alarmed investors to astutely choose IPO firms for a better security of their investment’s income. In an attempt to offer an aid for the danger on the loss of capital that the investors might suffer, this study is initiated to search for explanations on the variation of IPO returns particularly in the initial aftermarket. This study proposes “growth opportunities in an IPO firm” and “allocation of IPOs through public issue approach” as its main explanatory factors which the former acts as main explanatory variable while the latter serves as interacting variable. This study defines “growth opportunities of firms” as the possibility of an IPO firm to enlarge its market share over the long period. The “growth opportunities of firms” are measured by the total allocation amount received from the issuance of IPOs to activities (e.g., assets acquisition and business expansion) which possibly support growth of a firm in a future. To an extent, a higher amount of proceeds channeled to “growth activities” are expected to increase growth opportunities of firms such that will encourage higher participation on the shares of the issuing firms as well as higher returns of the shares. Nonetheless, “growth opportunities of firms” can be accurately gauged only if the amount of cash from the sale of IPOs are owned by the issuing firms. That is, the public issue approach that an IPO firm adopts when issue for its shares to public should finalize the final proceeds eligible to be allocated to any intended activities of the firm. Using a total 447 IPOs listed in Main Market and ACE Market of Bursa Malaysia from 2000 to 2018, tested using hierarchical regression models, this study found that the proceeds allocated to growth activities significantly positively influence initial return. However, this study is not able to produce a significant interaction effect of public issue on the main relationship tested earlier.
{"title":"Growth Opportunities and IPO Initial Performance. Is There an Interacting Effect of Public Issue?","authors":"Siti Salwa Abdul Rahman, Norliza Che-Yahya","doi":"10.24191/jibe.v5i1.14285","DOIUrl":"https://doi.org/10.24191/jibe.v5i1.14285","url":null,"abstract":"The declining rate on initial return of Malaysian IPOs over the past years have alarmed investors to astutely choose IPO firms for a better security of their investment’s income. In an attempt to offer an aid for the danger on the loss of capital that the investors might suffer, this study is initiated to search for explanations on the variation of IPO returns particularly in the initial aftermarket. This study proposes “growth opportunities in an IPO firm” and “allocation of IPOs through public issue approach” as its main explanatory factors which the former acts as main explanatory variable while the latter serves as interacting variable. This study defines “growth opportunities of firms” as the possibility of an IPO firm to enlarge its market share over the long period. The “growth opportunities of firms” are measured by the total allocation amount received from the issuance of IPOs to activities (e.g., assets acquisition and business expansion) which possibly support growth of a firm in a future. To an extent, a higher amount of proceeds channeled to “growth activities” are expected to increase growth opportunities of firms such that will encourage higher participation on the shares of the issuing firms as well as higher returns of the shares. Nonetheless, “growth opportunities of firms” can be accurately gauged only if the amount of cash from the sale of IPOs are owned by the issuing firms. That is, the public issue approach that an IPO firm adopts when issue for its shares to public should finalize the final proceeds eligible to be allocated to any intended activities of the firm. Using a total 447 IPOs listed in Main Market and ACE Market of Bursa Malaysia from 2000 to 2018, tested using hierarchical regression models, this study found that the proceeds allocated to growth activities significantly positively influence initial return. However, this study is not able to produce a significant interaction effect of public issue on the main relationship tested earlier.","PeriodicalId":258234,"journal":{"name":"Journal of International Business, Economics and Entrepreneurship","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122565928","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}
Pub Date : 2020-06-30DOI: 10.24191/jibe.v5i1.14287
Nur Liyana Mohamed Yousop, Wan Mohd Farid Wan Zakaria, Z. Ahmad, Ahmad A'thif Abdul Manan
The Malaysian household saving growth has shown weakened patterns from year to year. Low-income level, overspending and black swan economic events result in nosedived household savings. To explain this issue, this study empirically examined factors affecting household savings in Malaysia. The analysis was based on time-series data gathered from World Bank Data, CEIC Data and Department of Statistic of Malaysia from 1970 until 2018. The ordinary least square (OLS) regression analysis was used to examine the significant relationship among dependent variable (household savings, proxy gross domestic savings) and independent variables which consist of interest rate, inflation rate, age dependency ratio, consumption expenditure and income. The findings from this study reveal that the interest rate and household consumption expenditure have significant negative relationships with the household savings, while age dependency ratio, inflation rate and income have insignificant relationships with the household savings.
{"title":"Empirical Analysis on Household Savings in Malaysia","authors":"Nur Liyana Mohamed Yousop, Wan Mohd Farid Wan Zakaria, Z. Ahmad, Ahmad A'thif Abdul Manan","doi":"10.24191/jibe.v5i1.14287","DOIUrl":"https://doi.org/10.24191/jibe.v5i1.14287","url":null,"abstract":"The Malaysian household saving growth has shown weakened patterns from year to year. Low-income level, overspending and black swan economic events result in nosedived household savings. To explain this issue, this study empirically examined factors affecting household savings in Malaysia. The analysis was based on time-series data gathered from World Bank Data, CEIC Data and Department of Statistic of Malaysia from 1970 until 2018. The ordinary least square (OLS) regression analysis was used to examine the significant relationship among dependent variable (household savings, proxy gross domestic savings) and independent variables which consist of interest rate, inflation rate, age dependency ratio, consumption expenditure and income. The findings from this study reveal that the interest rate and household consumption expenditure have significant negative relationships with the household savings, while age dependency ratio, inflation rate and income have insignificant relationships with the household savings.","PeriodicalId":258234,"journal":{"name":"Journal of International Business, Economics and Entrepreneurship","volume":"183 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123322480","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}
Pub Date : 2020-06-30DOI: 10.24191/jibe.v5i1.14282
N. Ramlee, W. Omar, Nurhariyanni Ramli, Siti Nur Farzana Mohammad
Recently, batik has transformed into a new modern style that brings new attraction and fabulous design to people in Malaysia as well as at international level. This kind of transformation has changed the traditional methods of producing batik into new and modern ways that bear the current lifestyle. The emergence of digital printed imitate batik in the batik industry has provided an alternative selection over original batik to customers. This digital printed imitate batik has allowed counterfeiting activities in batik industry specifically for Kelantan batik product. For that reason, this study aims to identify the factors that influence customer preferences in purchasing Kelantan Batik. A questionnairebased survey was used as data collection method and a total of 151 usable questionnaires were collected to confirm the underlying constructs empirically. Data were analysed to obtain descriptive statistics, to compare mean analysis and to conduct regression analysis for test of relationship. The results suggested that quality becomes a prominent variable when it comes to customers purchasing Kelantan Batik, followed by brand image. The findings of this study may assist Kelantan batik entrepreneurs to identify areas for improvement especially in formulating the future marketing strategies.
{"title":"Kelantan Batik: What Makes it a Preferred Product?","authors":"N. Ramlee, W. Omar, Nurhariyanni Ramli, Siti Nur Farzana Mohammad","doi":"10.24191/jibe.v5i1.14282","DOIUrl":"https://doi.org/10.24191/jibe.v5i1.14282","url":null,"abstract":"Recently, batik has transformed into a new modern style that brings new attraction and fabulous design to people in Malaysia as well as at international level. This kind of transformation has changed the traditional methods of producing batik into new and modern ways that bear the current lifestyle. The emergence of digital printed imitate batik in the batik industry has provided an alternative selection over original batik to customers. This digital printed imitate batik has allowed counterfeiting activities in batik industry specifically for Kelantan batik product. For that reason, this study aims to identify the factors that influence customer preferences in purchasing Kelantan Batik. A questionnairebased survey was used as data collection method and a total of 151 usable questionnaires were collected to confirm the underlying constructs empirically. Data were analysed to obtain descriptive statistics, to compare mean analysis and to conduct regression analysis for test of relationship. The results suggested that quality becomes a prominent variable when it comes to customers purchasing Kelantan Batik, followed by brand image. The findings of this study may assist Kelantan batik entrepreneurs to identify areas for improvement especially in formulating the future marketing strategies.","PeriodicalId":258234,"journal":{"name":"Journal of International Business, Economics and Entrepreneurship","volume":"314 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125851968","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：