Research Papers | ދިރާސީ ލިޔުންތައް

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Bankruptcy prediction using Altman Z-Score model : a case of public listed manufacturing companies in Malaysia
(2015-11) Odibi, Ishioma; Basit, Abdul; Hassan, Zubair
Over the years, serious attention has been to bankruptcy prediction models and the problems associated with predicting failure in corporate firms. Corporate failure prediction has become a very vital issue in finance especially given the fact that so many researchers have given so many different types of prediction model. In addition, the multiple discriminant analysis seems to be the best model that achieves a very high result of accuracy levels. In this study, 34 public listed manufacturing companies in Malaysia where used from 2010-2014. Companies were chosen from companies listed under the PN17 companies while healthy companies where matched using paired sample t-test using random stratified sampling method. Initially, the main aim or objective of this study was to examine the reliability and relationship of Altman’Z-score model to corporate failure and to investigate if all failing companies where listed under the PN-17 on the Kuala Lumpur stock exchange (KLSE) now popularly known as Bursa Malaysia. Findings showed that not all failed companies where listed under PN17 companies in bursa Malaysia. While all but one of the companies under the PN17 companies where in the safe zone in the fifth year. The Study findings showed four out of five financial ratios where significantly related in the prediction of corporate failure under the Z-score model. Also the regression analysis showed that the model is a great fit with significance of 0.000 and accuracy levels of 86% and 99.6%.
Do board characteristics matter to achieve sustainable profit growth? : a study of the listed companies in Bursa Malaysia
(2023-03-08) Hassan, Zubair; Abdul Aziz, Azbariya
This study aims to examine the impact of board characteristics on a firm’s strengths in gaining and sustaining competitive performance which was measured using annual growth rate (profitability) or sustainable profit growth rate. The study has selected a sample of 20 listed companies across various sectors in Bursa Malaysia (Malaysia Stock Exchange Index). The range of data collected is based on the firm’s year-on-year growth ie, year-end 2016 results to the following year, 2017. Characteristics such as Board size, Board meeting, CEO duality, and Board tenure are indicators used in the evaluation of the impact on the firm’s profitability. To test the descriptive statistics, correlation, and multiple linear regression, SPSS 18.0 was utilized. The only board characteristics that have a significant and positive impact on gaining and sustaining a competitive performance in terms of sustainable profit growth was the tenure or length of service that board members have provided to the company. All other characteristics do not have any significant and positive impact on the sustainable profit growth of the firm. This means that the members spend more years as board members, contributing to sustainable profit growth.
Ease of doing business and its impact on inward FDI
(2018-06-10) Hossain, Mohamed Tareq; Hassan, Zubair; Shafiq, Sumaiya; Basit, Abdul
This study investigates the impact of Ease of Doing Business on Inward FDI over the period from 2011 to 2015 across the globe. This study measures ease of doing business using starting a business, getting credit, registering property, paying taxes and enforcing contracts. The research used a sample of 177 countries from 190 countries listed in World Bank. Least square regression model via E-views software used to examine causal relationship. The study found that ease of doing business indicators ‘Enforcing Contracts’ was found to have a positive significant impact on Inward FDI. Nevertheless,‘Getting Credit’and ‘Registering Property’were found to have a negative significant impact on Inward FDI. However,‘Starting a Business’ and ‘Paying Taxes’ have no significant impact on Inward FDI in the studied time frame of this research. The findings of the study suggested the ease of doing business enables inward FDI through better contract enforcement, getting credit and registering property. The findings of the research will assist international managers and companies to know the importance of ease of doing business when investing in foreign countries through FDI.
Effect of learning organisation on organisational performance mediated by innovation
(Inderscience Enterprises, 2024) Hassan, Zubair
This research examined the impact of the learning organisation on organization performance through innovation among the multinationals residing in Malaysia. Learning organisation was measured using continuous learning, inquiry and dialogue, team learning, embedded system, people empowerment, system connectivity, and strategic leadership. The dependent variables are innovation and organisational performance. A sample size of 155 respondents were selected from multinationals using systematic random probability sampling. The finding showed that only system connectivity had a positive and significant impact on organisational performance. Also, this study found that an embedded system has a significant but negative impact on organisational performance. This study found that none of the learning organisation dimensions have any significant effect on innovation. However, innovation has a positive and significant effect on organisational performance. Also, this study did not find any mediating effect of innovation on relationship between learning organisation and organisational performance. Managers could make decisions on improving strategies to foster innovation, system connectivity, and embedded systems to improve organisational performance. The study contributes to the existing literature by establishing the fact that system connectivity of learning organisation and innovation are two key determinants of organisational performance. Managers will be able to emphasis on strategies to promote system connectivity and innovation through effective human resource development intervention to improve organisational performance. The study was limited to small sample responses and focused on selected multinationals. Therefore, future research could study using a larger sample size covering most of the multinationals in various sectors in Malaysia.
Entrepreneurial success : key challenges faced by Malaysian women entrepreneurs in 21st century
(2020) Basit, Abdul; Wong, Sze; Hassan, Zubair; Sethumadhavan, Sharmila
The purpose of this research is to investigate the challenges faced by women entrepreneurs on entrepreneurial success in Malaysia. This study proposes a conceptual framework and investigates the significant factors of family and social support, emotional intelligence, gender stereotype, and knowledge and risk-taking behavior in predicting women entrepreneurial success. Data was collected using a questionnaire with a Likert scale from 1-5 from a sample of 125 women entrepreneurs who owned Small-Medium-Enterprises (SME) in Malaysia using a convenient sampling technique. Collected data were analysed using structural equation modeling (SEM) via AMOS 22 software. The result indicated that “knowledge” have significant negative impact on women entrepreneurial success, while all the other challenges identified in the previous research such as lack of emotional intelligence, lack of family support, poor risk taking behaviour, gender stereotype were not significant in influencing women entrepreneurial success. Family and social support, and risk-taking behaviour were found contradict with other previous researches indicating that women entrepreneurs are becoming more independent due to the changing norms and cultural values. In conclusion, women entrepreneurial success largely dependent on the work experiences, relevant skills/competencies and industrial know-how they acquired and mastered to effectively manage and grow their businesses. It is recommended that women-entrepreneurs in Small Medium Enterprises(SME) shall invest in continuous learning to gain more relevant skills/competencies, knowledge, industrial know-how and experiences to sharpen their competitive advantages and sustain continuous development and growth. Therefore, it’s highly recommended that government should formulate policies to promote women entrepreneurship through effective and practical trainings. This study will be useful for women entrepreneurs to develop themselves by investing themselves to gain knowledge by participating academic programs and industrial based network conferences. Entrepreneurial development authorities or bodies will be able to use this study to develop and design human resource development intervention program to enable women entrepreneurs to be more successful. Future researchers can increase the sample size and focus on similar type of small medium enterprise owners in terms of sector or industry and size. Also the future researchers can used a mixed method in collecting data to provide a more coherent and meaningful conclusion.
Impact of capital structure on firms performance : a study on Karachi stock exchange (KSE) listed firms in Pakistan
(2017-02-01) Basit, Abdul; Hassan, Zubair
The purpose of this study is to investigate Debt to Equity ratio to determine firm performance of Pakistani companies listed in Chemical, Food and Care products, Cement, Pharmaceutical, Auto assembler and Textile sector. The research done on 50 companies listed under Karachi Stock exchange covered the period of 2010-2014, total observations of 250 firms-years. The independent variable is Debt to Equity and dependent variables are Size, Earnings per Share, Return on Assets, Return on Equity and Marketing. The research employed Descriptive Statistics, Pearson correlation coefficient and multiple linear regressions and the findings shows Earnings per share, Return on Equity and Return on Assets are significantly correlated to Debt to Equity ratio. While Debt to equity ratio founds a significant impact on Size and Return on Assets. Furthermore, it is recommended that other firm specific factors can also be used with a more wider time span like Dividends, Taxes etc to gauge the impact and end with a more accurate outcome. This Study will eventually benefit the finance mangers to define an optimal capital structure and also the research community by providing new knowledge regarding the impacts of capital structure. Though, other major economies can also be examined with different other industries to check the deviation of capital structure formation.
Impact of individual learning on team learning and innovation in the petroleum industry of Malaysia
(2018-06-25) Hassan, Zubair; Basit, Abdul
The aim of this research is to investigate the impact of Individual learning on Team learning and Innovation in the Petroleum Industry of Malaysia. The study will carry this research through engaging 321 employees of one petroleum company (PETRONAS) in Malaysia using convenience sampling. The independent variables are Mental Models, Personal Mastery, Dialogue and Inquiry, Continuous Learning and Empowerment to gauge the impact on the dependent variable Team learning and Innovation. This study will employ Confirmatory Factor analysis and Structural Equation Modelling using AMOS20. The results of the study indicated that Empowerment is the only attribute of individual learning that is found to be significant with team learning and Innovation as well while Dialogue & Inquiry has a positive and significant impact on team learning but not innovation while other all factors are found to be insignificant with the dependent variables in the studied context. Moreover, it is recommended to engage other relevant factors of individual learning to make the conceptual framework more addressing with a wider number of respondents to pasteurize a more generalize picture of the studied topic. Though this study will be considered a crucial piece in the discipline of organizational learning for the corporate world and as well as the research community through digging and exploiting different research dimensions about the topic.
Impact of service quality on customer satisfaction in Maldives Tourism Industry
(2015-09-15) Ibrahim, Hassan Ziyad; Hassan, Zubair; Basit, Abdul
This research attempts to find the impact of service quality on customer satisfaction and retention in Maldives tourism industry. To measure the variables used in the research, a 5-point Likert type questionnaire for performance-only-measure was developed, as in SERVPERF model. A total of 30 questions, including the 22 questions in original SERVQUAL scale, along with additional questions to measure the dependant variables, Customer Satisfaction was included. The independent variables used were, Responsiveness, Assurance, Tangibles, Empathy and Reliability. A descriptive and explanatory research design was selected for this study. A total of 120 samples from different types of tourist establishments, such as Resorts, Guest Houses and Safari Boats were taken using random probability sampling. The data collected was analysed using SPSS 21.0 software, performing descriptive, regression and correlation analysis. The results of this study confirmed three aspects of service quality, Responsiveness, Tangibles and reliability to have positive and significant impact on customer satisfaction. According to the analysis done, Assurance and Empathy does not show an impact on customer satisfaction and retention. As this study was done across all types of tourist establishments in Maldives, a general view is portrayed, and to determine the exact impact of a dimension on a particular tourist establishment, future study is anticipated.
Impact Women on Board (WOB) on Firm’s financial Performance : a study of Malaysia’s public listed companies
(2015) Devi, Shamanie; Hassan, Zubair; Hamza, Sahibzada Muhammad
This study seeks to establish the impact women on board (WOB) towards the financial performance of Malaysia’s Public Listed Companies. This research were done on 52 companies of Public Listed registered in Bursa Malaysia which covered the period of 2010 to 2015, total observation of 260 firms/years. The independent variables to measure presence women on board include number women on board (NWOB), percentage women on board (PWOB) and number female non-executive directors (NFNED). The dependent variables used in this research are return on assets (ROA), return on equity (ROE) and return on capital employed (ROCE). The study adopted descriptive and explanatory research design. Also this study used a cross sectional and time series data collection approach that was analysed using E-views software. The observation of 260 firms/years was selected using simple random sampling. The collected data was analyzed using descriptive means, Pearson correlation and multiple linear regression via E-views. Regression analysis was employed in examine the impact and influences of WOB. Thus, the findings shows that NWOB, PWOB and NFNED has significant relationship on ROA, ROE and ROCE, except found insignificant relationship between PWOB and ROA. Besides, variables PWOB and NFNED has positive impact on the three measure; ROA, ROE and ROCE but has negative impact from NWOB on the three financial measure. The uniqueness of this paper that the study of NFNED and ROCE as few research only done in this relationship.
The impact of strategic leadership on organizational performance of small medium enterprises (SME) in Malaysia
(2018-09-28) Mui, Helen Kong Yeok; Basit, Abdul; Hassan, Zubair
This research is aimed at establishing the impact of strategic leadership on organizational performance on SMEs in Malaysia. The research has been done in Muar, Johor, Malaysia. A review was done on the strategic leadership theories, models and past literature done by other researchers to adopt the various determinants that impact the organizational performance. A theoretical framework was established with five major independent variables: leadership vision, strategic direction, core competencies, developing people and innovation capability and dependent variable: organizational performance. A set of questionnaire with structured questions was generated and measured using 5-point Likert Scale. The primary data was collected from the top management using convenience sampling. The sample size consists of 100 respondents who are directors, CEO, managers and top executives of 10 SMEs in Muar. This study used AMOS software to analyze the data. Confirmatory Factor Analysis (CFA) was used to determine the factor loading of the variables. Structural equation modeling was used to test the path analysis and the hypotheses. The results showed that leadership vision, strategic direction, core competencies have insignificant positive impact on organizational performance and developing people have insignificant negative impact on organizational performance. However, the study found that only innovation capability has significant positive impact on organizational performance.

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