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Microcredit Clients’ Financial Literacy Towards Financial Inclusion and Sustainability
Get PDFAccording to the recent Malaysian MADANI Budget 2023 which has been declared by Prime Minister, it is notable that 7 billion was allocated to help micro-entrepreneurs, women and youth. Therefore, it is crucial to ensure that the clients have appropriate financial literacy to ensure that the loans can be repaid accordingly. For microcredit clients to have this ability, they should have sound financial literacy to be able to manage their money, make wise decisions, and maintain vigorous spending. Thus, to promote sustainable financial sustainability, the objective of this study is to assess the level of microcredit financial literacy of microcredit clients in enhancing their knowledge, skills and transparency that can lead to financial sustainability. Further, it will also test empirically whether microcredit financial literacy can integrate the cognitive comprehension of financial knowledge, skills and responsibility with respect to financial sustainability. This study will use an exploratory sequential mixed-method research design that combines quantitative (questionnaires) and qualitative (interviews) data. The data-gathering method then continues with concentrated group interviews on selected microcredit clients. This covers clients from TEKUN Nasional Melaka to deliberate on related problems. Data analysis in qualitative research focuses on the systematic search and arrangement of interview transcripts. Interviews are necessary to gain a thorough understanding of issues with financial knowledge and skills among clients. It is expected that the study will benefit the policy maker, microcredit clients and the government in enhancing financial inclusion and sustainability. Thus, the government's slogan "Developing Malaysia MADANI" can be achieved
Factors that Influence Malaysian Muslim Travel Preferences
Get PDFTourism has become an important industry that contributes to a country’s economy. Currently, the Muslim tourist segment is viewed as one of the important segments in the tourism industry. In addition, there has been a growing interest in understanding the preferences and motivations of Muslim travelers. This is due to the increasing number of Muslim travelers worldwide and the recognition that catering to their specific needs is essential for successful tourism development. The number of Muslim tourists from a Muslim-majority country increases significantly. Muslim travelers are looking for destinations in which the majority of the population are Muslims. This study is aimed to determine the factors that influence Muslim traveler preferences and to determine the most dominant factor that influences Muslim traveler preferences. Therefore, a survey of 100 Malaysian Muslim travelers in Shah Alam Selangor was done to determine the factors that influence Muslim traveler preferences. Statistical Package for Social Science (SPSS) is used to analyze the multiple regression to test hypotheses on the factors that influence Muslim traveler preferences. The result of the survey suggests that halal certification is a significant factor in explaining Muslim traveler preferences. The availability of halal food and Sharia-compliant hotels were found not to have a significant relationship with Muslim travel preferences. This study provides evidence of the detailed needs and preferences of Muslim travelers and enhances the knowledge of tourists, government, and service providers about Islamic touris
Analyzing Consumers Online Shopping Behavior Using Different Online Shopping Platforms: A Case Study in Malaysia
Get PDFNowadays, online shopping is gaining increasing popularity in Malaysia. The development of online shopping has led some to argue that there are additional elements influencing consumer behavior. As a result, a growing number of researchers are currently studying online consumer behavior to better understand the specific characteristics of online shopping. Therefore, this study is conducted to determine the factors that influence online shopping behavior between different online shopping platforms among Malaysian consumers. This is a quantitative study, and 371 students and staff from Universiti Teknologi MARA (UiTM) were randomly picked to participate. The data was gathered via an online questionnaire using Google Forms. The findings show a positive relationship between the variables, namely web characteristics, external stimulus, affection, and cognition. It indicates that all variables influence online shopping behavior among Malaysian consumers. Furthermore, the findings reveal that consumer behavior patterns for online shopping are not different even when using different online shopping platforms. Therefore, it is very critical to understand consumer online purchasing behavior and its influencing factors to improve online shopping in Malaysia. Malaysian businesses must have an in-depth knowledge of the market for their goods and the demographics of the customers they are targeting before engaging in online commerce
The Relationship of Succession Planning, Career Attitude and Job Security with Turnover Intention at Private University in Malaysia
Get PDFEmployee turnover has long been acknowledged as a silent threat to any organization. The turnover phenomenon has been a highly pressing concern for private universities’ faculties. Despite the attentiveness and responsiveness of high rates of turnover around the globe, research on the area of turnover or turnover intention, as well as succession planning, career attitude and job security is limited. Past studies have not assessed the scale and nature of the association between these three variables. Thus, this study aims to explore the relationship between succession planning, career attitude and job security toward turnover intention. The study specifically focused on a private university in Malaysia and data was gathered through 148 questionnaire surveys. The conceptual framework developed consisted of dimensions of succession planning, career attitude, job security and turnover intention. A set of three hypotheses was developed that assessed whether there existed a positive or negative relationship between these three variables. For data analysis, the study utilized various numbers of statistical techniques such as exploratory factor analysis, confirmatory factor analysis, and cross-case analysis. The study results indicated that the research model developed was a good predictor of turnover intention and provided general support for all three hypotheses. The study also found that there was a positive relationship between succession planning, career attitude, and job security toward turnover intention. The empirical relationships between variables further proposed that it would be favorable and advantageous to the private university management to recuperate university turnover situations. Further discussions included the research contributions and implications
Money Laundering: A Review of Literature and Future Research
Get PDFMoney laundering is one of the financial crimes that has become a major concern in most countries worldwide. The rising number of reported instances of money laundering could be driven by several reasons. With this growth, there is a growing academic interest in money laundering research; therefore, opportunities should be created for interested academics to evaluate the evolution of research in this field. This study was intended to evaluate published studies in this field from the origin of the idea of money laundering to the present to identify major trends or issues in money laundering research and to propose a research agenda for the future. A qualitative research design was adopted using a content analysis approach. It was found that most of the research focuses more on the relationship of money laundering with other offenses and the detection methods but lacking in the understanding of money laundering and the rules and regulations related to money laundering. This study is intended to be useful to current and future scholars in the field of financial crimes who are interested in the evolution of the literature and in identifying areas for future researc
The Factors Affecting Foreign Direct Investment Intentions of Investors: A Case of Malaysia
Get PDFForeign direct investments (FDI) are regarded as one of the most important sources of external financing for all countries in this globalisation era. In recent years, Malaysia has only been successful in attracting a small number of foreign investors. As a result, the primary goal of this paper is to examine the factors that have attracted FDI into Malaysia from 1990 to 2020. The study investigates the relationships between FDI and the proposed explanatory variables, namely market size (GDP), trade openness (OPN), inflation rate (INF), and infrastructure (INFRA). Multiple Linear Regression (OLS) is used to examine the relationships between the variables. The Variance Inflation Factor and the Breusch Pagan Godfrey test are also analysed to discover the data collected from the World Bank Data. Findings indicate GDP and INF have a significant impact on FDI. This study has not brought any evidence of INFRA and OPN influencing FDI inflows in Malaysia. Understanding these factors is crucial for policymakers and investors to promote sustainable economic growth and attract foreign investment
Developing Madrasah Tourism Experience Model: Examining Tourist Psychological Variables through Systematic Literature Review
Get PDFThis study investigates the Madrasah Tourism Experience Model (MTEM), focusing on its role in understanding the complex interplay between cultural, psychological, and environmental factors in Madrasah tourism. Despite increasing interest in religious and cultural tourism, there is a significant research gap regarding the specific experiences and psychological impacts of visiting Madrasahs. This research addresses this gap by examining key psychological variables influencing tourists’ experiences in these settings. Using a systematic literature review (SLR) methodology, the study analyses 16 carefully selected articles from 327,715 papers to construct a comprehensive model. It highlights how social interaction, cultural engagement, novelty, pleasantness, and relaxation contribute to the tourist experience. The findings extend existing theoretical frameworks by exploring how cultural exchange and hospitality within Madrasah tourism can enhance psychological well-being and satisfaction. Key findings indicate that Madrasah tourism can be significantly improved through tailored experiences, such as guided tours and interactive exhibits, and by creating serene, immersive environments. This approach reaffirms established theories and introduces new insights specific to Madrasah tourism. The implications are significant for both academic researchers and tourism practitioners. The MTEM offers practical guidelines for enhancing visitor experiences and promoting sustainable tourism practices. By integrating cultural exchange and environmental stewardship, Madrasahs can provide more engaging and satisfying experiences, fostering long-term visitor loyalty and contributing to cultural and religious tourism
The Impact of Self-Efficacy on Performance Management in Malaysia's Public Sector
Get PDFThis study investigates the impact of self-efficacy on performance management within Malaysia's public sector. Grounded in goal-setting theory, which posits that specific and challenging goals enhance motivation and performance, this research examines how self-efficacy—the belief in one's ability to execute tasks, influences performance outcomes. Conducted through qualitative in-depth interview sessions with selected participants who are from Tier 1 and Tier 2 staff of the Federal Government of Malaysia, this study provides an in-depth analysis of the relationship between self-efficacy and performance management practices. The study examines how self-efficacy influences performance management in Malaysia's public sector. Several key findings have arisen from merging the High-Performance Cycle model with Bandura's self-efficacy theory. The findings emphasize the importance of self-efficacy in improving performance management strategies. Integrating self-efficacy with the High-Performance Cycle model yields concrete solutions for increasing leadership effectiveness and organizational performance. Investing in self-efficacy through focused interventions, coaching, and self-care can greatly improve performance management and help organizations reach their goals more efficiently
Factors Influencing Automotive Lubricant Consumer Purchasing Behavior: A Conceptual Model
Get PDFThe automotive industry's rapid expansion and rising consumer appetite for automobiles have created an unprecedented demand for automotive lubricants. This surge in demand reflects lubricants' essential role in ensuring optimal performance, longevity, and efficiency of automotive engines and mechanical components. In the present day, consumers exhibit increased precision and selectivity in their purchasing behavior, underscoring the necessity for careful deliberation before making a purchase decision. Given the diverse range of products available, it is essential to understand consumer preferences to ensure that the selection is aligned with market demands and expectations. Thus, this paper aims to develop a conceptual model for automotive lubricant purchase behavior based on the Theory of Consumption Values (TCV), which are divided into five parts: functional value, emotional value, social value, and epistemic value. The consumption value theory, applicable across diverse goods and services, emerges as a valuable framework. Its versatility enables a comprehensive understanding of consumer preferences and behaviors across various markets, facilitating informed decision-making for businesses and policymakers. Through this conceptual model, the paper endeavors to provide insights into the complex interplay of value perception and provide insights into the drivers behind consumers’ choices regarding automotive lubricants
The Necessity of the Digital Economy for Sustainable Economic Growth in OECD Countries
Get PDFThis paper’s main intent is to study the relationship between the digital economy and the sustainable economic growth of selected OECD countries from 2016 to 2020. In doing so, we will also endeavor to shed a brighter light on distinct elements of the digital economy and to comprehend their collective inputs on the economic returns of the digital systems. To achieve this, secondary data have been gathered to contribute to the quantitative design research method. We further employed a panel data set and regression techniques such as the unit root test, the cointegration test and the dynamic GMM amongst others. The results of the study revealed that sustainable economic growth is slightly significantly linked to the input of the digital economy in the short and long run. However, it has also been discovered that e-commerce revenues have a significantly positive effect on sustainable economic growth in the short and long run. Lastly, this study recommended the establishment of national and international economic metrics, reflecting more on the presence of digital systems