This study examines factors influencing the adoption of cashless payment in Malaysia using a well-established unified theory and use technology, UTAUT2. A total 301 completed usable questionnaires were collected from Malaysian consumers to test hypotheses. Analysis moment structures (AMOS) was applied data Structural Equation Modeling. The results show that performance expectancy, facilitating condition have most significant influence on payments. Perceived technology security also has...

This paper examines the antecedents of cashless payment systems among businesses in Malaysia. The adoption by has potential to reduce costs related handling huge amounts cash market and enhance transaction speed. Unfortunately, its current Malaysia is still small very little known about factors. A seven-factor model based on TOE framework was developed tested. partial least square (PLS) statistical approach employed analyze data collected from 200 business entities results reveal that...

This study examines the relationship between energy consumption, financial development and economic growth for ASEAN-5 countries, namely Malaysia, Indonesia, Philippines, Singapore Thailand, over period from 1980 to 2017. Finance–growth energy–growth relationships have been well researched; however, energy–finance–growth nexus is an equally important but less explored area. Our Auto Regressive Distributed Lags (ARDL) bounds test cointegration results suggests that variables tend move...

In recent years, uncertainty in financial markets has stimulated the need to explore alternative avenues for safeguarding wealth and managing risk. this strand of research, gold been particularly important due its potential mitigate risk preserve wealth. This study investigates behaviour against equities currencies three regions across Asia. We follow Engle’s (2002) dynamic conditional correlation-multivariate generalized autoregressive heteroscedasticity (DCC-MGARCH) model test link with...

Abstract The paper examines the impact of economic integration on relationship between currency and equity markets for a group Asian emerging economies using both linear non‐linear frameworks. We first derive dynamic conditional correlations two then examine their relationship. Our main results are: (a) there is negative correlation real exchange rate changes return differentials all countries apart from China, which becomes deeper during global financial crisis (GFC) some countries; (b)...

The contemporaneous growth in ASEAN financial markets over the last two decades raises empirical questions regarding role of institutional investors market performance. Our study examines dynamic relationship aggregate mutual fund flows with performance variables, i.e. stock returns and volatility markets. Findings suggest that equity balanced have a positive (negative) (volatility), whereas bond money negative (positive) linkage (volatility). Furthermore, funds contribute towards reducing...

The study investigates the firm's specific characteristics of manipulated firms in East Asian emerging and developed markets using hand-collected 244 cases between 2001 2017.The empirical analysis is conducted panel logistic regression to identify which stocks are more likely be manipulated.Result shows that large highly liquid were both markets.Additionally, marginal effect with high free float market capitalization had a higher probability being these markets.On contrary, profitable less...

We examine the impact of liquidity creation Full-fledged Islamic Banks (FIBs) and Hybrid Conventional (HCBs) on real economic output for a sample 10 countries over 11-year period from 2012–2022. Using Feasible Generalized Least Squares (FGLS) framework, we show that both FIBs HCBs per capita positively. However, have greater than FIBs. These results are statistically economically significant. further created by banking systems during COVID-19 pandemic. Interestingly, bank types, has negative...

Purpose This study aims to examine the impact of liquidity creation per capita tri-banking system and dual banking on real economic output. Design/methodology/approach applies feasible generalized least square framework data set 12 countries, 8 with 4 over 2013–2022 period. Findings The findings show that for countries system, only by full-fledged Islamic Banks (FIBs) hybrid conventional banks (HCBs) spurs output, HCBs being greater than FIBs. Nonetheless, both FIBs’ pure CBs’ (PCBs) fosters...

Purpose – This study aims to examine the dynamics between exchange rate and equities contextualizing current liberal currency regime in China. investigation also extends analysis explore potential important factors influencing interactions these two markets. After reforms, issue has emerged as a new dimension portfolio decisions diversification strategies Chinese equity Design/methodology/approach research uses dynamic conditional correlation generalized autoregressive heteroskedasticity...

Abstract This paper aims to quantify the managerial ability of microfinance institutions (MFIs) in Latin America and Caribbean countries. Drawing on data for 419 MFIs 24 countries between 2003 2014, we find that MFIs' managers with higher outperform lower ability. The study also finds Brazil (Trinidad Tobago) have (lower) are more (less) efficient. findings help policymakers regulators propose policy recommendations long‐term sustainability by estimating decomposing managers. © 2019 John...

This research investigates the exchange-rate risk sensitivity of Malaysian bilateral trade flows with its important trading partner, Japan. To this end, bounds testing approach to co-integration is applied using industry level data over monthly period 2000–2013. Findings suggest that above one-third total co-integrated export (43.86%) and import (34.54%), industries experiences ringgit/yen variability effect in short run. However, sustains relatively less number (14.03%) (32.73%) long It...

This article presents empirical test results of Malaysian foreign exchange market microstructure assessment rate dynamics. We apply vector autoregressive (VAR) model to estimate the influential role currency order flow in determination for ringgit (MYR) against US dollar (USD). investigate whether captures movements MYR USD, and how long-term short-term components impact relative estimation international market. We, construct a measure reflect pressure excess demand. Our focus is on...

Microfinance institutions (MFIs) aim to minimize their operating costs as a way provide affordable services the poor and attain financial sustainability for long-term economic viability. To contribute existing literature, this paper examines factors affecting financing cost of MFIs. The study features balanced panel data 169 MFIs from Bangladesh's microfinance industry, covering period 2009 2014. Based on empirical results, internal sources funds, such clients' savings cumulative surplus,...

The paper examines the impact of economic integration on relationship between currency and equity markets for a group Asian emerging economies using both linear non-linear frameworks. We first derive dynamic conditional correlations two then examine their relationship. Our main results are: (i) there is negative correlation real exchange rate changes return differentials all countries apart from China, which becomes deeper during GFC some countries; (ii) integration, financial, has an...

Purpose The purpose of this paper is to present the essential role that currency order flow plays in foreign exchange markets emerging economies determination their currencies short and long-run against major world, which cannot be over emphasized, most especially US dollar. Insomuch that, if some these can successfully transmitted into full development, it would a good model for other world at large. Design/methodology/approach A hybrid (portfolio shift model) proposed by Evans Lyons...