Determinants of Accounting-based Performance: Evidence from Bursa Malaysia

Abstract

This study aims to examine the determinants of accounting-based performance of 531 non-financial Malaysian listed companies over the period 2004 to2012. System generalized method of moments reveals that both prior risk-taking behaviour and size are found to be important determinants of performance. A significant positive influence of prior risk-taking behaviour on performance implies that risk-averse managers are cognitively influenced by their capability in handling risky investments in the past; consequently enhance confidence in their ability to manage profitable investments. The result appears to support the capital asset pricing model implication. Meanwhile, a significant positive size-performance relationship suggests that investors and fund managers should focus on larger companies as they can have better stock performance. Keywords: Risk-Return Relationship; Reverse Size Effect; System-GMM

Property Crime Incidence and Patterns in Malaysia From 2007 to 2017

“…In 2008, Asia and many other regions faced an economic downturn due to the global financial crisis (Keat, 2009;Lai & Ravenhill, 2012). This observation suggests that property crime rates may be driven by monetary returns (Soh, 2012;Ghani, 2017;Ishak & Mhd Bani, 2017). However, in general, the incidence of property crimes does continue to show a decreasing pattern from 2007 to 2017 and a similar trend was observed and reported for violent crime cases for the same 11-year period (Hakim et al, 2019a).…”

Analisis Tingkat Kriminalitas Yang Mengancam Industri Mikro Dan Kecil

“…Berbagai penelitian juga bervariasi dalam jenis kriminalitas. Ada yang cenderung kepada agregasi kriminalitas (Ganau & Rodríguez-Pose, 2018;Ishak & Bani, 2017;Islam, 2014;Keshavarz Haddad & Markazi Moghadam, 2011;Motta, 2017). Ada juga yang cenderung pada kriminalitas khusus seperti kriminalitas terhadap pemilikan, uang, dan barang berharga (Bressler & Bressler, 2017;Brushwood et al, 2016;Goedhuys et al, 2016;Hadzibulic, 2020;Kimou, 2015;Prasetiyo & Sukartini, 2020), kriminalitas terhadap kelompok minoritas, dan kriminalitas kekerasan (Ceccato, 2017;Hadzibulic, 2020;Jaitman, 2019;Kimou, 2015;Wickramasekera et al, 2015).…”

“…Hal yang menonjol dari penelitian kriminalitas adalah asumsi kriminalitas tingkat tinggi (Hadzibulic, 2020;Jaitman, 2019) atau tidak rendah (Brushwood et al, 2016;Ishak & Bani, 2017;Keshavarz Haddad & Markazi Moghadam, 2011;Motta, 2017). Namun, terbuka juga peluang menggunakan asumsi kriminalitas tingkat rendah.…”

“…Seluruh model dan karakteristiknya tersebut dapat digunakan untuk mengklasifikasikan tingkat kriminalitas yang mengancam IMK. Klasifikasi ini mengembangkan penelitian terdahulu yang hanya mendekati tingkat kriminalitas dari jumlah kriminalitas (Bressler & Bressler, 2017;Brushwood et al, 2016;Hadzibulic, 2020;Ishak & Bani, 2017;Islam, 2014;Jaitman, 2019;Keshavarz Haddad & Markazi Moghadam, 2011;Motta, 2017) dan risiko penduduk terkena kriminalitas (Dona & Setiawan, 2015) secara terpisah. Pengembangan dilakukan dengan mengklasifikasikan tingkat kriminalitas berdasarkan jumlah kriminalitas, risiko mengalami kriminalitas, dan keterkaitannya dengan kinerja IMK menjadi tiga tingkat kriminalitas.…”

The determinants of dual listing decision of firms from ASEAN-5

“…The Arellano-Bond serial autocorrelation, first-order auto-correlation AR(1), and second-order autocorrelation AR(2) test are used. The AR(2) test is the most important one where the expected probability should be insignificantly higher than 5% to confirm the absence of serial autocorrelation (Al-Yousfi, 2017;Ismail et al, 2018;Labra Lillo & Torrecillas, 2018).…”