Pub Date : 2021-01-01DOI: 10.17576/jem-2021-5503-11
M. Stapah
This paper investigates the impact of financing contracts on Net Profit Margin (NPM) of the Islamic banks. Focussing on two financing contracts of Bai’ Bithaman Ajil (BBA) and Al-Ijarah Thumma Al-Bai’ (AITAB), the paper employs static panel data of Malaysian banks over 2008 to 2018. Controlling for bank and market-specific factors, the results indicated that AITAB exerted significant impact on the NPM. The paper further found that risk aversion, operating cost, liquidity and asset quality improves the NPM. In addition, the results show that the market structure influence the level of NPM. The Islamic banks may control these variables in setting for their preferred NPM level. Finally, the banks may need to carefully examine the types of financing contracts offered as they have different characteristics and may affect NPM.
{"title":"The Impact of Financing Contracts on the Profitability of Islamic Banks","authors":"M. Stapah","doi":"10.17576/jem-2021-5503-11","DOIUrl":"https://doi.org/10.17576/jem-2021-5503-11","url":null,"abstract":"This paper investigates the impact of financing contracts on Net Profit Margin (NPM) of the Islamic banks. Focussing on two financing contracts of Bai’ Bithaman Ajil (BBA) and Al-Ijarah Thumma Al-Bai’ (AITAB), the paper employs static panel data of Malaysian banks over 2008 to 2018. Controlling for bank and market-specific factors, the results indicated that AITAB exerted significant impact on the NPM. The paper further found that risk aversion, operating cost, liquidity and asset quality improves the NPM. In addition, the results show that the market structure influence the level of NPM. The Islamic banks may control these variables in setting for their preferred NPM level. Finally, the banks may need to carefully examine the types of financing contracts offered as they have different characteristics and may affect NPM.","PeriodicalId":35929,"journal":{"name":"Jurnal Ekonomi Malaysia","volume":"53 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88382201","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 : 2021-01-01DOI: 10.17576/jem-2021-5503-05
M. Mustofa
This study analyzes the impact of institutional quality on foreign direct investment (FDI). We apply panel regressions on a sample of 13 Organization of Islamic Cooperation (OIC) countries over 2002 – 2019. The empirical results show that institutional quality plays a vital role in determining the flow of foreign investments. Specifically, better regulatory quality tends to increase the inflow. The findings further show that countries with higher Gross Domestic Products (GDP) have greater capacity to attract larger investment flows. Additionally, a lower tax rate is expected to encourage the inflow of foreign investments. Finally, there is evidence that corruption encourages greater inflow of FDI.
{"title":"The Effect of Institutional Quality on Foreign Direct Investment","authors":"M. Mustofa","doi":"10.17576/jem-2021-5503-05","DOIUrl":"https://doi.org/10.17576/jem-2021-5503-05","url":null,"abstract":"This study analyzes the impact of institutional quality on foreign direct investment (FDI). We apply panel regressions on a sample of 13 Organization of Islamic Cooperation (OIC) countries over 2002 – 2019. The empirical results show that institutional quality plays a vital role in determining the flow of foreign investments. Specifically, better regulatory quality tends to increase the inflow. The findings further show that countries with higher Gross Domestic Products (GDP) have greater capacity to attract larger investment flows. Additionally, a lower tax rate is expected to encourage the inflow of foreign investments. Finally, there is evidence that corruption encourages greater inflow of FDI.","PeriodicalId":35929,"journal":{"name":"Jurnal Ekonomi Malaysia","volume":"41 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77190938","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 : 2021-01-01DOI: 10.17576/jem-2021-5503-02
Suatu Bukti Baharu, Norma Azuli, Mohd Nor, Norlida Hanim, Mohd Salleh, A. F. Falatehan
The aim of this study is to evaluate the impact of development on the Malaysian economy through the impact of tourist expenditure by using the Social Accounting Matrix (SAM). The discussion of the study focused on the value of multipliers, factors of production and household income from tourism activities in urban and rural areas. The results had shown that tourist expenditure on the arts, entertainment and recreation subsectors produced the largest multiplier effect on output. Meanwhile, other sub-sectors such as shopping, food and beverage, accommodation and transportation did not show significant differences. In addition, there is a large income distribution gap in urban and rural areas although income distribution to factors of production and households has a positive effect. This inequality needs to be addressed to ensure that tourism development can benefit the overall economy. Among the steps that can be done is Community -Based Tourism (CBT) which involves collaboration between local communities and stakeholders to support authenticity, environmental sustainability, and strengthen management and supervision. It is expected to overcome the problems encountered as a result of the findings of the study. This is expected to increase the positive economic impact of tourism development.
{"title":"The Effect of Tourism Expenditure on the Economy: A New Evidence","authors":"Suatu Bukti Baharu, Norma Azuli, Mohd Nor, Norlida Hanim, Mohd Salleh, A. F. Falatehan","doi":"10.17576/jem-2021-5503-02","DOIUrl":"https://doi.org/10.17576/jem-2021-5503-02","url":null,"abstract":"The aim of this study is to evaluate the impact of development on the Malaysian economy through the impact of tourist expenditure by using the Social Accounting Matrix (SAM). The discussion of the study focused on the value of multipliers, factors of production and household income from tourism activities in urban and rural areas. The results had shown that tourist expenditure on the arts, entertainment and recreation subsectors produced the largest multiplier effect on output. Meanwhile, other sub-sectors such as shopping, food and beverage, accommodation and transportation did not show significant differences. In addition, there is a large income distribution gap in urban and rural areas although income distribution to factors of production and households has a positive effect. This inequality needs to be addressed to ensure that tourism development can benefit the overall economy. Among the steps that can be done is Community -Based Tourism (CBT) which involves collaboration between local communities and stakeholders to support authenticity, environmental sustainability, and strengthen management and supervision. It is expected to overcome the problems encountered as a result of the findings of the study. This is expected to increase the positive economic impact of tourism development.","PeriodicalId":35929,"journal":{"name":"Jurnal Ekonomi Malaysia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82341298","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 : 2021-01-01DOI: 10.17576/jem-2021-5503-09
O. Orji
This study examined the effect of External Debt on the economic growth of Nigeria. Secondary data collected from world bank national data, central bank of Nigeria bulletin, Nigeria’s debt management office annual report, Ministry of finance for a period of 23 years,(1995-2017), and ordinary least square statistical tool was used to test the relationship between Nigeria’s external debt and its economic growth. The study found that there is a positive, but insignificant relationship between foreign debt stock (FDST) and Gross Domestic Product, a negative, and insignificant or weak relationship between foreign debt servicing (FDSR) and Gross Domestic Product (GDP), and a positive and significant relationship between Inflation Rate (INFR) and Gross Domestic Product (GDP).The study concluded that the aggregate of Nigeria’s external debt does significantly affect its economic growth. The study recommends that acquisition of foreign debt should be exclusively on economic considerations
{"title":"The Effect of Foreign Debt on the Economic Growth","authors":"O. Orji","doi":"10.17576/jem-2021-5503-09","DOIUrl":"https://doi.org/10.17576/jem-2021-5503-09","url":null,"abstract":"This study examined the effect of External Debt on the economic growth of Nigeria. Secondary data collected from world bank national data, central bank of Nigeria bulletin, Nigeria’s debt management office annual report, Ministry of finance for a period of 23 years,(1995-2017), and ordinary least square statistical tool was used to test the relationship between Nigeria’s external debt and its economic growth. The study found that there is a positive, but insignificant relationship between foreign debt stock (FDST) and Gross Domestic Product, a negative, and insignificant or weak relationship between foreign debt servicing (FDSR) and Gross Domestic Product (GDP), and a positive and significant relationship between Inflation Rate (INFR) and Gross Domestic Product (GDP).The study concluded that the aggregate of Nigeria’s external debt does significantly affect its economic growth. The study recommends that acquisition of foreign debt should be exclusively on economic considerations","PeriodicalId":35929,"journal":{"name":"Jurnal Ekonomi Malaysia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86900544","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 : 2021-01-01DOI: 10.17576/jem-2021-5503-08
{"title":"Pengaruh Pusingan Kerja Terhadap Perkembangan Kerjaya","authors":"","doi":"10.17576/jem-2021-5503-08","DOIUrl":"https://doi.org/10.17576/jem-2021-5503-08","url":null,"abstract":"","PeriodicalId":35929,"journal":{"name":"Jurnal Ekonomi Malaysia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73325862","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 : 2021-01-01DOI: 10.17576/jem-2021-5503-06
{"title":"Time Lag Effects of IT Investment on Firm Performance: Evidence from Indonesia","authors":"","doi":"10.17576/jem-2021-5503-06","DOIUrl":"https://doi.org/10.17576/jem-2021-5503-06","url":null,"abstract":"","PeriodicalId":35929,"journal":{"name":"Jurnal Ekonomi Malaysia","volume":"82 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83966271","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 : 2021-01-01DOI: 10.17576/jem-2021-5502-7
{"title":"The Macroeconomic Fundamentals of the Real Exchange Rate in Malaysia: Some Empirical Evidence","authors":"","doi":"10.17576/jem-2021-5502-7","DOIUrl":"https://doi.org/10.17576/jem-2021-5502-7","url":null,"abstract":"","PeriodicalId":35929,"journal":{"name":"Jurnal Ekonomi Malaysia","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91153935","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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