scholarly journals Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia

2016 ◽  
Vol 12 (3) ◽  
pp. 14
Author(s):  
Wan Sallha Yusoff ◽  
Mohd Fairuz Md. Salleh ◽  
Azlina Ahmad ◽  
Norida Basnan
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Firm Value ◽  
Financial Stability ◽  
Panel Data Analysis ◽  
Location Decisions ◽  
Asian Countries ◽  
Diversification Strategies ◽  
The Stability ◽  
Southeast Asian Countries

<p>This study investigates the relationships between financial hegemony groups, global diversification strategies and firm value of the Malaysia’s 30 largest companies listed in FTSE Bursa Malaysia Index Series during 2009 to 2012 period. We chose Malaysia as an ideal setting because the findings contribute to the phenomenon of the diversification–performance relationship in the Southeast Asian countries. We apply hegemony stability theory to explain the importance of financial hegemony groups in deciding international locations for operations. By using panel data analysis, we find that financial hegemony groups are significantly important in international location decisions. Results reveal that the stability of financial hegemony in BRICS and G7 groups enhances the financial value of the Malaysia’s 30 largest companies, whereas the stability of financial hegemony in ASEAN groups is able to enhance the non-financial value of the firms. Overall, this paper suggests that in order to diversify globally, it is necessarily for the manager in the guest country to evaluate and fully understand the host country’s geopolitical situation and its financial stability.</p>

Investigating the Lee thesis: how bad is democracy for Asian economies?

2010 ◽  
Vol 2 (3) ◽  
pp. 451-473 ◽  
Author(s):  
Carl Henrik Knutsen
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Panel Data ◽  
Primary School ◽  
Growth And Development ◽  
Panel Data Analysis ◽  
Asian Countries ◽  
Average Effect ◽  
Economic Growth And Development ◽  
Asian Context

This paper discusses the hypothesis that democracy hurts economic growth and development, also known as the Lee thesis, and discusses why one could expect dictatorship to be particularly beneficial for growth in the Asian context. Three general theoretical arguments in support of the Lee thesis are then presented. However, the empirical results, based on panel data analysis on more than 20 Asian countries, do not support the hypothesis that dictatorship increases economic growth in Asia. There is no significant, average effect of democracy on growth. Asian dictatorships do invest a larger fraction of their GDP than democracies, but they are worse at generating high enrollment ratios in education after primary school.

scholarly journals Does Corporate Governance Influence the Firm Value in Bangladesh? A Panel Data Analysis

2021 ◽  
Vol 24 (2) ◽  
pp. 84-100
Author(s):  
Mohammed Nazim Uddin ◽  
Mosharrof Hosen ◽  
Shahnur Azad Chowdhury ◽  
Mustafa Manir Chowdhury ◽  
Manjurul Alam Mazumder
Keyword(s):  
Corporate Governance ◽  
Data Analysis ◽  
Panel Data ◽  
Firm Value ◽  
Panel Data Analysis ◽  
Small Scale ◽  
Board Structure ◽  
Corporate Governance Code ◽  
Regulatory Bodies ◽  
The Impact

Corporate governance has been widely debated for over a decade with the collapse of the financial and capital market under the prejudicial roles of regulatory bodies. Therefore, the study examined the impact of corporate governance on firm value in Bangladesh. A total of 63 DSE-listed companies from 2005 to 2019 consisting of 8,505 observations on an average of 15 years were chosen. The subsequent tests for the given data were conducted to identify the appropriate panel data analysis method for adjusted diagnostic problems. In the specific panel data, the Panel Corrected Standard Error (PCSE) was utilised following the application of the random effects method to control econometric limitations. It was revealed that corporate governance lowered firm value when the board structure was familially and politically affiliated and led by CEO-duality. Moreover, the inclusion of dynamic professionals and independent members in the board structure increased the firm value. The use of the corporate governance code was proven to be highly challenging due to the participation of political and family leaders in corporate firms. Additionally, proper law enforcement was required to ensure transparency and accountability, thus reflecting firm value. As previous studies on corporate governance were conducted on a small scale and partial to the context of developing countries, this paper contributes a novel value in identifying and resolving the corporate governance crisis by reforming the board structure with diverse and professional directors. The regulatory bodies require improvement by including autonomous professional and independent members to exercise the corporate governance code.

scholarly journals DETERMINANTS OF SERVICE EXPORT IN SELECTED DEVELOPING ASIAN COUNTRIES

2017 ◽  
Vol 18 (1) ◽  
Author(s):  
Siti Aisah Ahmad ◽  
Shivee Ranjanee Kaliappan ◽  
Normaz Wana Ismail
Keyword(s):  
Developing Countries ◽  
Data Analysis ◽  
Panel Data ◽  
Direct Investment ◽  
Panel Data Analysis ◽  
Value Added ◽  
Annual Data ◽  
Asian Countries ◽  
Asian Developing Countries ◽  
Service Export

This paper attempts to empirically examine the determinants of service export in selected developing Asian countries (China, Hong Kong, South Korea, India, Iran, Indonesia, Malaysia, Philippines, Singapore, Thailand, Kuwait, Saudi Arabia and Turkey). The study conducted a static linear panel data analysis on annual data covering the period of 1985-2012. The main finding indicates that exchange rate, foreign income, foreign direct investment (FDI), the value added by services and communication facilities are likely to influence services exports in the selected developing Asian countries. This suggests that these countries have the opportunity to compete globally by exporting services, provided that they are able to exploit and enhance their potential by focusing on the significant and relevant indicators. Keywords: Services Exports; Asian Developing Countries; Panel Data.

ICT and health outcome nexus in 30 selected Asian countries: Fresh evidence from panel data analysis

2019 ◽  
Vol 59 ◽  
pp. 101184 ◽  
Author(s):  
Ujjal Protim Dutta ◽  
Hemant Gupta ◽  
Partha Pratim Sengupta
Keyword(s):  
Health Outcome ◽  
Data Analysis ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Asian Countries

scholarly journals Contribution of Governance to Ensure the Stability of Islamic Banks: A Panel Data Analysis

2018 ◽  
Vol 8 (3) ◽  
pp. 140 ◽  
Author(s):  
Bakkeri Amine
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Financial Institutions ◽  
North Africa ◽  
Audit Committee ◽  
Best Practice ◽  
Panel Data Analysis ◽  
Islamic Banks ◽  
Islamic Financial Institutions ◽  
The Stability

The succession of crises imposed the need to establish the «Governance best practice ». This article tries to illustrate empirically the contribution of the mechanisms of the governance to ensure the stability of Islamic Financial Institutions. Using Zscore as a stability and solidity of IFI, our study focus on one sample of 30 Islamic banks taking place in 16 countries in North Africa and the Middle East shows that the size and the independence of the Board, the competence of the audit committee and the remuneration constitute the mechanisms helping to insure the stability of Islamic Financial Institutions. The duality seems to affect negatively the stability of the Islamic banks.

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