This paper attempts to investigate the factors that affecting energy expenditure in Malaysia capi... more This paper attempts to investigate the factors that affecting energy expenditure in Malaysia capital city by middle-income households. The aim of this study was to find out the determinants of household spending on electricity and petrol in three major cities (George Town, Kuala Lumpur and Johor Bahru). A survey was conducted in these three major cities and a total of 473 observations are used for estimations by using the censored Tobit model. The results showed that household income is statistically significant and do affect electricity spending. Meanwhile, petrol spending is not significant as households consider petrol as an undesirable purchase in Malaysian domestic market. Also, there is a strong evidence of relationship between the number of electrical appliances and the number of rooms with electricity expenditure, as well as the number of private cars with petrol spending due to the complementarity. The results also proved that race does not play a crucial role in affecting ...
International Journal of Supply Chain Management, 2018
Within the increasingly competitive markets and the rapid changes in business all over the world ... more Within the increasingly competitive markets and the rapid changes in business all over the world today, it has become imperative for organizations to reconsider supply chain management (SCM) strategies due to the fact that the same SCM strategy may not appropriate for all organizations. The success of a strategy in a given business does not necessarily mean that it will be successful in others. Therefore, it is always important to explore new and non-traditional strategies for SCM. In the face of this argument, the present study argues for the effective role of Zakat as a support function in SCM. The focus is to illustrate how Zakat can perform an important job in SCM practices from an Islamic economic perspective. Experiences from governmental and non-governmental Zakat organizations in Indonesia are investigated with the purpose of indicating how Zakat, as an Islamic economic principle, can be usefully used in SCM practices. This study finally concludes that Zakat can play an effe...
South Asian Journal of Social Studies and Economics, 2021
This study investigates the contribution of conventional banking and Islamic banking to economic ... more This study investigates the contribution of conventional banking and Islamic banking to economic growth in Malaysia. Return on assets, return on equity representing the profitability, total deposit, representing bank development, and several indicators such as total government expenditure, trade openness, and gross fixed capital formation were independent variables. In contrast, the dependent variable was GDP per capita. The study utilised secondary data collected from the Fitch Connect database and Datastream database. This study used a sample of 10 Islamic banking and 10 Conventional banking. The study found that the Islamic banking system variable can influence Malaysia's economic growth. ROA and Ltdep are found significant and have positive effect to economic growth, but ROE has adverse effects. On the other hand, the results show that ROA in Conventional bank does not have a relationship with economic growth. However, other banking indicators such as ROE and total deposit...
Financing public expenditure is one of the most important challenges faced by the policy makers o... more Financing public expenditure is one of the most important challenges faced by the policy makers of most countries. In most Islamic countries, the government requires a huge amount of resources for financing basic programmes such as poverty reduction and human development. In order to meet these requirements, Islamic countries borrow from developed countries which charge them interest on the borrowing. Therefore, large external debts have become a severe and chronic problem in these Islamic countries. This paper reviews the relevant literature regarding alternatives ways of financing public expenditure that are compatible with Shariah. This paper also reviews the relevant literature regarding traditional sources of financing public expenditure from an Islamic economic viewpoint.
This paper contributes to our understanding of compliance with mandatory accounting standards. Sp... more This paper contributes to our understanding of compliance with mandatory accounting standards. Specifically, we examine the efficacy of agency related mechanisms on the degree of disclosure compliance with the Malaysian Accounting Standards Board(MASB) accounting standards. Using data drawn from a sample of 170 Malaysian companies listed on the Kuala Lumpur Stock Exchange (KLSE) in 2004, we show that although overall disclosure compliance is high (85.2% of the items of information being disclosed), companies do not fully comply with MASB 10 (Accounting for leases),MASB 11 (Consolidated financial statements and investments in subsidiaries), MASB 12(Investments in Associates), MASB 15 (Property, plant and equipment), MASB 20(Provisions, contingent liabilities and contingent assets), MASB 24 (financial instruments), MASB 27(Borrowing costs) and MASB 29 (Employee benefits). We employ an ordinary least square (OLS) regression model to establish whether selected company-specific and corpo...
Purpose Amongst the major concerns of sub-Sahara Africa are the rising external debt and poor per... more Purpose Amongst the major concerns of sub-Sahara Africa are the rising external debt and poor performances in governance. This paper aims to lend a voice to the relevance of governance on the relationship between external debt and economic growth in selected five sub-Saharan African (SSA) countries. Design/methodology/approach Using available data from the World Governance and Development Indicators, between 1996 and 2016, the study uses the fully-modified OLS technique after establishing the absence of unit root and existence of long-run relationship amongst the variables of the model. Findings The findings confirm a non-linear relationship between external debt and economic with a positive net effect of $5.05 increase in economic performance for a US$ rise in external debt. While the index of governance depicts a negative association with economic growth, the indicators show mixed results. The interaction effect of external debt and governance on economic performance explain that ...
This paper attempts to examine the impact of adopting multiple family ownership cut-offs in defin... more This paper attempts to examine the impact of adopting multiple family ownership cut-offs in defining family businesses, family ownership measurements, and conducting different types of analyses. For achieving this goal we have focus on the relationship between family ownership and firm performance (ROA) in the context of emerging market (Saudi Arabia), controlling for firm’s debt, age, size and industry sectors. With three family ownership cut-offs: 5%, 10%, and 20% and two type of analysis (cross-sectional and cross-sectional and time-series data) as well as two types of family ownership measures (ratio and dummy), we fond that the relationship between the two variables is consistent despite of the level of family ownership cut-off, analysis type, and measurement. This indicates that family business definition is not a matter of concern for researchers, but rather a matter of convenience.
Issues In Social And Environmental Accounting, 2008
Recently, much attention has been devoted by researchers to study social and environmental disclo... more Recently, much attention has been devoted by researchers to study social and environmental disclosure among corporations. Most of the studies were conducted in developed countries, with only a handful being undertaken in developing countries. This study aims to investigate the extent of social and environmental disclosure in the annual reports of Jordanian companies and examine if the level of disclosure is influenced by size of firm, government ownership and industry. In particular, disclosure with regard to environmental issues, community involvement<br />and human resource are examined. Using a sample of 60 companies in the manufacturing and service sectors, content analysis is used to measure the level of disclosure. The findings indicate that 85% of the companies somehow disclose social and environmental information. Human resource is the most disclosed theme while the environmental issue had the lowest<br />disclosure among the companies. In addition, a significant...
Purpose – The purpose of this paper is to investigate the influence of cash holding, political co... more Purpose – The purpose of this paper is to investigate the influence of cash holding, political connection and their interaction effect on earnings quality in the Malaysian environment, where political influence plays a vital role in many aspects of business dealings and resources allocation is seriously affected by politics. Design/methodology/approach – This paper uses ordinary least square and seemingly unrelated regressions upon a sample of the Malaysian top 100 listed firms. Findings – This paper finds that earnings of firms with excess cash reserves are of high quality. Consistent with previous research, the study finds that investors perceive earnings numbers of politically connected firms as being of low quality. However, this research fails to support an expectation that the adverse consequences of holding a large amount of cash to earnings quality would be more pronounced when political extraction is high. The findings of this study suggest that policy makers should encoura...
This paper attempts to investigate the factors that affecting energy expenditure in Malaysia capi... more This paper attempts to investigate the factors that affecting energy expenditure in Malaysia capital city by middle-income households. The aim of this study was to find out the determinants of household spending on electricity and petrol in three major cities (George Town, Kuala Lumpur and Johor Bahru). A survey was conducted in these three major cities and a total of 473 observations are used for estimations by using the censored Tobit model. The results showed that household income is statistically significant and do affect electricity spending. Meanwhile, petrol spending is not significant as households consider petrol as an undesirable purchase in Malaysian domestic market. Also, there is a strong evidence of relationship between the number of electrical appliances and the number of rooms with electricity expenditure, as well as the number of private cars with petrol spending due to the complementarity. The results also proved that race does not play a crucial role in affecting ...
International Journal of Supply Chain Management, 2018
Within the increasingly competitive markets and the rapid changes in business all over the world ... more Within the increasingly competitive markets and the rapid changes in business all over the world today, it has become imperative for organizations to reconsider supply chain management (SCM) strategies due to the fact that the same SCM strategy may not appropriate for all organizations. The success of a strategy in a given business does not necessarily mean that it will be successful in others. Therefore, it is always important to explore new and non-traditional strategies for SCM. In the face of this argument, the present study argues for the effective role of Zakat as a support function in SCM. The focus is to illustrate how Zakat can perform an important job in SCM practices from an Islamic economic perspective. Experiences from governmental and non-governmental Zakat organizations in Indonesia are investigated with the purpose of indicating how Zakat, as an Islamic economic principle, can be usefully used in SCM practices. This study finally concludes that Zakat can play an effe...
South Asian Journal of Social Studies and Economics, 2021
This study investigates the contribution of conventional banking and Islamic banking to economic ... more This study investigates the contribution of conventional banking and Islamic banking to economic growth in Malaysia. Return on assets, return on equity representing the profitability, total deposit, representing bank development, and several indicators such as total government expenditure, trade openness, and gross fixed capital formation were independent variables. In contrast, the dependent variable was GDP per capita. The study utilised secondary data collected from the Fitch Connect database and Datastream database. This study used a sample of 10 Islamic banking and 10 Conventional banking. The study found that the Islamic banking system variable can influence Malaysia's economic growth. ROA and Ltdep are found significant and have positive effect to economic growth, but ROE has adverse effects. On the other hand, the results show that ROA in Conventional bank does not have a relationship with economic growth. However, other banking indicators such as ROE and total deposit...
Financing public expenditure is one of the most important challenges faced by the policy makers o... more Financing public expenditure is one of the most important challenges faced by the policy makers of most countries. In most Islamic countries, the government requires a huge amount of resources for financing basic programmes such as poverty reduction and human development. In order to meet these requirements, Islamic countries borrow from developed countries which charge them interest on the borrowing. Therefore, large external debts have become a severe and chronic problem in these Islamic countries. This paper reviews the relevant literature regarding alternatives ways of financing public expenditure that are compatible with Shariah. This paper also reviews the relevant literature regarding traditional sources of financing public expenditure from an Islamic economic viewpoint.
This paper contributes to our understanding of compliance with mandatory accounting standards. Sp... more This paper contributes to our understanding of compliance with mandatory accounting standards. Specifically, we examine the efficacy of agency related mechanisms on the degree of disclosure compliance with the Malaysian Accounting Standards Board(MASB) accounting standards. Using data drawn from a sample of 170 Malaysian companies listed on the Kuala Lumpur Stock Exchange (KLSE) in 2004, we show that although overall disclosure compliance is high (85.2% of the items of information being disclosed), companies do not fully comply with MASB 10 (Accounting for leases),MASB 11 (Consolidated financial statements and investments in subsidiaries), MASB 12(Investments in Associates), MASB 15 (Property, plant and equipment), MASB 20(Provisions, contingent liabilities and contingent assets), MASB 24 (financial instruments), MASB 27(Borrowing costs) and MASB 29 (Employee benefits). We employ an ordinary least square (OLS) regression model to establish whether selected company-specific and corpo...
Purpose Amongst the major concerns of sub-Sahara Africa are the rising external debt and poor per... more Purpose Amongst the major concerns of sub-Sahara Africa are the rising external debt and poor performances in governance. This paper aims to lend a voice to the relevance of governance on the relationship between external debt and economic growth in selected five sub-Saharan African (SSA) countries. Design/methodology/approach Using available data from the World Governance and Development Indicators, between 1996 and 2016, the study uses the fully-modified OLS technique after establishing the absence of unit root and existence of long-run relationship amongst the variables of the model. Findings The findings confirm a non-linear relationship between external debt and economic with a positive net effect of $5.05 increase in economic performance for a US$ rise in external debt. While the index of governance depicts a negative association with economic growth, the indicators show mixed results. The interaction effect of external debt and governance on economic performance explain that ...
This paper attempts to examine the impact of adopting multiple family ownership cut-offs in defin... more This paper attempts to examine the impact of adopting multiple family ownership cut-offs in defining family businesses, family ownership measurements, and conducting different types of analyses. For achieving this goal we have focus on the relationship between family ownership and firm performance (ROA) in the context of emerging market (Saudi Arabia), controlling for firm’s debt, age, size and industry sectors. With three family ownership cut-offs: 5%, 10%, and 20% and two type of analysis (cross-sectional and cross-sectional and time-series data) as well as two types of family ownership measures (ratio and dummy), we fond that the relationship between the two variables is consistent despite of the level of family ownership cut-off, analysis type, and measurement. This indicates that family business definition is not a matter of concern for researchers, but rather a matter of convenience.
Issues In Social And Environmental Accounting, 2008
Recently, much attention has been devoted by researchers to study social and environmental disclo... more Recently, much attention has been devoted by researchers to study social and environmental disclosure among corporations. Most of the studies were conducted in developed countries, with only a handful being undertaken in developing countries. This study aims to investigate the extent of social and environmental disclosure in the annual reports of Jordanian companies and examine if the level of disclosure is influenced by size of firm, government ownership and industry. In particular, disclosure with regard to environmental issues, community involvement<br />and human resource are examined. Using a sample of 60 companies in the manufacturing and service sectors, content analysis is used to measure the level of disclosure. The findings indicate that 85% of the companies somehow disclose social and environmental information. Human resource is the most disclosed theme while the environmental issue had the lowest<br />disclosure among the companies. In addition, a significant...
Purpose – The purpose of this paper is to investigate the influence of cash holding, political co... more Purpose – The purpose of this paper is to investigate the influence of cash holding, political connection and their interaction effect on earnings quality in the Malaysian environment, where political influence plays a vital role in many aspects of business dealings and resources allocation is seriously affected by politics. Design/methodology/approach – This paper uses ordinary least square and seemingly unrelated regressions upon a sample of the Malaysian top 100 listed firms. Findings – This paper finds that earnings of firms with excess cash reserves are of high quality. Consistent with previous research, the study finds that investors perceive earnings numbers of politically connected firms as being of low quality. However, this research fails to support an expectation that the adverse consequences of holding a large amount of cash to earnings quality would be more pronounced when political extraction is high. The findings of this study suggest that policy makers should encoura...
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