...Wai-Yan Wong; Chee-Wooi Hooy Purpose This paper investigates the market responses towards four types of politically connected (PCON) firms during two political events – general election and change of leader in Malaysia. Design/methodology/approach The authors capture the market response using...

... Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only Malaysia Female directors Quantile regression IPO initial returns Signalling quality Initial public offering (IPO) is the most significant event in the lifecycle of a company, and the most common mechanism...

...Hamdan Amer Al-Jaifi; Ahmed Hussein Al-rassas; Adel Ali AL-Qadasi Purpose The purpose of this paper is to examine the impact of corporate governance strength on stock market liquidity in an emerging country, namely, Malaysia, by constructing a corporate governance score that captures both internal...

...Samuel Jebaraj Benjamin; Shaista Wasiuzzaman; Helen Mokhtarinia; Niloufar Rezaie Nejad Purpose – The purpose of this paper is to investigate the effects of family ownership on dividend payout from the perspective of agency costs in Malaysia. Design/methodology/approach – Annual financial...

...; and second, it investigates the effect of management earnings forecasts bias and accuracy on the underpricing of IPOs. Design/methodology/approach – A sample of 190 Malaysian IPOs listing on the main market of Bursa Malaysia from January 1, 2002 to February 29, 2012 was used and collected data were...

... such as Malaysia. © Emerald Group Publishing Limited 2015 Malaysia Earnings quality Cash holdings Political connections In perfect capital markets, firms invest funds in all positive net present value (NPV) projects and return back the excess cash to shareholders as dividends (Pinkowitz...

..., it proposes nine modified performance evaluation measures in the M‐DRM framework for the first time. Maximum drawdown risk measure (M‐DRM) Maximum drawdown beta Downside risk Semi‐variance Mutual fund Malaysia Unit trusts Financial risk Mohammad Reza Tavakoli Baghdadabad can be contacted...

...Nurhazrina Mat Rahim; Wee Ching Pok Purpose – The purpose of this paper is to analyse the short-term wealth effects of mergers and acquisitions (M&As) in Malaysia. In addition, this study also examines the factors that affect the short-term shareholders’ wealth during M&A announcements...

... not display any significant tournament behaviour. Originality/value The current study uses a non‐parametric approach to look for evidence of tournament (gaming) behaviour in the performance of fund managers in Malaysia. In doing so, the authors extend the tournaments literature by examining...

.... Design/methodology/approach The S&P 500, the Nikkei 225 Index, the STI Index and the KLSE Composite Index are considered. The discrete wavelet transform technique – “Haar” is employed to decompose the series into various time scales during the pre‐ and post‐capital control periods in Malaysia...

...Norma Md. Saad; M. Shabri Abd. Majid; Salina Kassim; Zarinah Hamid; Rosylin Mohd. Yusof Purpose The purpose of this paper is to investigate the efficiency of selected conventional and Islamic unit trust companies in Malaysia during the period 2002 to 2005. Design/methodology/approach The paper...