As the world gradually shifts to the technological age, the number of digital savvy consumers has been growing exponentially. Such trends would eventually translate to increased consumer demand for digital related services such as online banking. Since online banking offers a number of benefits to the banking sector, therefore, banks need to deeply understand the factors which influence consumer intentions in adopting online banking. This paper investigates some of the most significant factors influencing consumers' intentions to adopt online banking in the Malaysian context. A survey is conducted for this purpose and a sample of 200 respondents is chosen which includes male and females in equal proportions. Self-administered questionnaire is used for data collection. Seven factors are identified to have impact on the consumer intentions in adopting online banking. Four of them are found to have significant impact on consumer intentions which are convenience, trust, perceived ease of use, and perceived usefulness; whereas, the rest of the factors, i.e. social influence, gender and age group, do not impact consumer intentions in adopting online banking. The study has implications for banks which provide online facilities and those who plan to go online. Further, the study has implications for policy makers who intend to promote online environment as the study reveals some of the major factors which need due consideration in this respect.
This paper aims at investigating the time varying relationship between Islamic equity and commodity returns in order to examine how combination of Islamic equities and commodities contribute to the benefits of portfolio investors and managers. In order to investigate this relationship, we employed multivariate GARCH method on return series of five different commodity groups (energy, precious metals, agricultural, non-ferrous metals and softs group), Dow Jones spot commodity index as a proxy of an aggregate commodity market and Dow Jones Islamic index over the period January 3, 2001 - March 28, 2013. Our findings show that correlations between commodity and Islamic stock markets’ returns change in different time periods and these two markets moved very closely during 2008 financial crisis in particular. Besides, volatility of returns in both markets reached at their peaks during the 2008 crisis period. We also show that despite sharing some common features, commodities cannot be considered as a homogeneous asset class: a speculation phenomenon is for instance, highlighted for energy sector comprising oil, while the safe-haven role of gold is evidenced, which constitutes a part of precious metal sector.
This paper investigates the time-varying relationship between the oil price and disaggregated stock market of India using dynamic conditional correlation multivariate GARCH and continuous wavelet transformation modelling approaches. Our findings reveal the evolving relationship between the oil price and disaggregated stock market. The correlations are generally volatile before the 2007-2008 crisis but since then the correlations are positive implying no diversification benefits for the investors during rising oil prices. As emerging markets in general, and India in particular, is expected to increase its share of oil consumption in the world's energy market, therefore for the stock market to grow, especially the oil-intensive industries, we recommend the government should increase its reliance on alternative energy resources. Furthermore, as rising oil prices can also have its adverse effect through exchange rate channel, we suggest the monetary policies should be time varying to manage the oil inflationary pressures arising out of extreme volatility in the oil prices.
Information is everywhere. Today, with technology advances and more and more awareness for the need of progress and development, the government is taking a lot of interest in promoting research work and projects. This has become because of the technological advancements and changing information needs of the users. Technology has dominated all spheres of human activity and the libraries are not and exception one. Due to development in technological advancements, sources like electronic journals, e-books, e-databases, pre-prints, numerical and graphical data, library catalogue, educational materials, patents, standards, and so on are available on the Web. So we can say that information is the basic need for the progess and development of nation and humanity.
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