UNIMAS Journal (Universiti Malaysia Sarawak)
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Analyzing the Resilience and Impact of Islamic Stock Markets Before and After the Covid-19 Pandemic in Malaysia
Get PDFThe study aims to investigate the relationships between Total Return (TR) on Islamic stock prices and key economic indicators such as GDP growth rate, interest rate, and Foreign Direct Investment. Data for the analysis is obtained from financial statements downloaded from Bursa Malaysia and The World Bank Data. The research seeks to shed light on how these economic factors influence the Total Return of Islamic stock markets, providing insights into the performance and behavior of Islamic stock markets in Malaysia. The findings emphasize the significant impact of GDP growth rate, interest rate, and Foreign Direct Investment on the performance of Islamic stock markets, offering valuable implications for investors and policymakers in the Islamic finance sector
The Influence of United States’ Inflation Rate, Interest rate and Bitcoin Towards Gold Price
Get PDFThe purpose of this paper is to investigate the influence of inflation rate and interest rate of The United States towards the gold’s price. Besides that, the movement of Bitcoin and gold has also been examined in this paper. The past 30 years of historical data of the inflation rate, interest rate and the gold’s price has been applied in this study to examine the effect of inflation and interest rate towards the gold price. Other than that, the past 30 months of the Bitcoin’s price has also been applied in the research. Through the research, it has found that the inflation rate and the interest rate have a negative relationship with the gold’s price. In addition, this paper has also shown that the movement of Bitcoin’s price and gold’s price is in a same direction. In other words, the movement of these assets is positively correlated in which when the Bitcoin price’s increase, the price of gold is also increase.  
ACTIVATING PRO-ENVIRONMENTAL BEHAVIOUR AT THE WORKPLACE THROUGH GREEN HUMAN RESOURCE MANAGEMENT PRACTICES: THE ROLE OF PERCEIVED INNOVATION CHARACTERISTICS
Get PDFThis study explores the influence of seven green human resource management (GHRM) practices and perceived innovation characteristics (PICs) on employees' pro-environmental behaviour (PEB) at the workplace. It bridges a gap in research that combines the Ability-Motivation-Opportunity (AMO) and Diffusion of Innovation (DOI) theories. Utilizing partial least squares structural equation modelling (PLS-SEM) and survey data of 366 employees from six Malaysian development financial institutions, the findings suggested that four out of seven GHRM practices have a positive direct effect on PEB. Additionally, PICs mediate the relationship between four GHRM practices and PEB, suggesting the importance of employee perceptions of GHRM practices in fostering workplace PEB
INNOVATION BARRIER TO SMES DEVELOPMENT: EVIDENCE FROM AFGHANISTAN
Get PDFInnovation plays a vital role not only in large firms but also in small and medium-sized enterprises (SME) worldwide. In Afghanistan, SMEs are emerging to influence the economies by employing, contributing to exports and forming a major portion of export and tax revenues. This study aims to examine the innovation barriers to development at the SME level to offer policy implications in Afghanistan. The Two-Hierarchical Level Model (HLM) was used. A questionnaire was designed using the thematic areas of business innovation literature and adapted following Oslo's manual's recommendations. Collected in 2020 the cross-sectional data was examined through an empirical analysis by testing five research hypotheses to validate the research framework. The target population was the SME key persons in Kabul city. Results show that firm characteristics are innovation barriers, SMEs that did not innovate were smaller in terms of employees and assets, lack of finance was a reason for abandoning innovative projects, and there are hierarchical barriers that humper innovation at the organizational, value chain and market level. There is a real need to continue studying the development of the innovation barriers for SME sectors that may enrich the world communities
EMPLOYEE ENGAGEMENT IN THE MALAYSIAN PUBLIC SECTOR: THE MODERATING EFFECT OF JOB DEMANDS ON THE RELATIONSHIP BETWEEN EMPLOYEE PARTICIPATION, EMPLOYEE MOTIVATION, AND SELF-EFFICACY
Get PDFThe optimization of employee engagement poses significant challenges for organizations worldwide, including in Malaysian public sector. In narrowing knowledge, demographic, and empirical gaps. This study aimed to examine the moderating role of job demands (JD) on the relationship between employee participation (EP), employee motivation (EM), self-efficacy (SE), and employee engagement (EE) within the Information technology (IT) departments of the Malaysian public sector. A quantitative approach using SmartPLS software was applied to analyze the data. This study discovered that only EM and SE have a significant impact on EE. On the other hand, there was no discernible impact of JD on the link between EM and EE. However, there was a moderation effect of JD on the relationship between EP and EE. By providing theoretical and empirical evidence as well as contextual and practical implications, this study is expected to aid the Malaysian government in optimizing the engagement of public employees and thus, enhance the productivity of the public sector in both administrative and economic growth
The Potential Risks of Mining and Investment in Digital Currencies based on Financial Technology Applications
Get PDFThis study aimed to explore the potential risks associated with mining and investing in digital currencies through financial technology (fintech) applications. The research approach employed a combination of quantitative and qualitative methods, utilizing an inductive-deductive framework. The researcher conducted online surveys, and interviews with professors and experts, and analyzed the collected data using Microsoft Excel and NVIVO software. The study also utilized illustrative graphs of digital currency markets, computing power charts, and energy consumption indexes related to digital currency mining. The findings revealed various potential risks of mining and investing in digital currencies, impacting individuals, businesses, and ecosystems. These risks encompass environmental concerns, excessive energy consumption, security vulnerabilities, and financial losses. Additionally, investing in digital currencies through fintech applications can lead to inadequate investor protections, market volatility, regulatory challenges, fraudulent activities, lack of transparency, and insufficient investor understanding. The value of this study lies in its ability to analyze the potential risks associated with mining and investing in digital currencies, offering valuable insights for individuals, businesses, and policymakers. It can aid stakeholders in making informed decisions, developing risk management strategies, and enhancing their overall understanding of the potential implications on individuals, businesses, and the ecosystem
Intraday Return Of Winners Vs Losers Indonesian Capital Market Evidence
Get PDFThe aim of this study is to determine intraday returns in the Indonesian capital market, using sample of 177 listed Indonesian companies from 2021-2022. This study adopts a multiple linear regression analysis, where the return of the last half hour as an endogenous variable consists of winners and losers, the return of the first half hour of trading, the volume of the first half hour, overnight returns, and the USA index futures as an exogenous variable. The originality of this research aims to demonstrate empirical evidence on intraday returns by distinguishing winner & loser stocks and the relationship between the intraday returns of winners and losers with volume, overnight, and US index futures in the emerging market (Indonesia). We find that the first half hour of trading can impact future return. The return of the first thirty minutes is significantly positive on the return of the last thirty minutes for both winner and loser stocks. Further, the volume of the first half hour and the overnight return both positively influences on the last half hour return of the day for loser stocks. This study can offer valuable insights for investment portfolio strategies, especially regarding intraday returns. The findings of this research prove to be a valuable resource for investors when devising investment strategies in the stock market. Additionally, it provides guidance for regulators in establishing rules for stock trading, particularly in transactions involving trading robots
INFLUENCE OF BUSINESS NETWORKING AND BUSINESS INFORMATION ON SOCIAL PERFORMANCE OF SOCIAL ENTERPRISES: THE MODERATING ROLE OF ACCESS TO FINANCE
Get PDFSocial enterprise is a business that makes a profit for its survival along with doing good for society and the community. Taking into consideration the radical view of the RBV theory and signalling theory, the purpose of this study is to examine the influence of business networking, business information and access to finance on the social performance of social enterprises in Pakistan. Primary data collection was done by distributing questionnaires through electronic mediums to owners and directors of social enterprises throughout Pakistan and 384 feedback is received. Data were analysed using Partial Least Square Structural Equation Modelling. This study found positive and significant influence of business information, and access to finance on social performance of social enterprises in Pakistan. Moreover, business networking also has a positive and significant influence on social performance. Access to finance positively moderates the relationship between business networking and social performance, while it has a negative impact on business information and social performance. Therefore, the study recommends that social enterprises in Pakistan should emphasise business networking, business information and access to finance to sustain their SE performance. This study assists owners/managers, government officials, regulatory authorities, and policymakers regarding the significance of business information, business networking and access to finance towards the social performance of social enterprise in Pakistan
INVESTIGATING THE RELATIONSHIP BETWEEN MARKET COMPETITION, TECHNOLOGY ADOPTION, AND SUSTAINABILITY PRACTICES IN VALUE CO-CREATION AND SOCIAL ENTREPRENEURSHIP INITIATIVES IN INDONESIA
Get PDFThis quantitative study examines the complex relationship between value co-creation, market competition, technology adoption, sustainability practices, and social entrepreneurship initiatives in Indonesian ventures. Structural Equation Modeling-Partial Least Squares (SEM-PLS) on 325 initiatives yields remarkable findings. The results suggest that market competition drives value co-creation and social entrepreneurship initiatives. Social entrepreneurship initiative ventures face severe social and environmental issues when the market competition heats up, and they become better at cooperative value co-creation. Technology adoption is boosting value creation and social entrepreneurship effectiveness. This study emphasizes technology's role in efficiency and innovation. Sustainable practices are essential to value co-creation and social enterprise. Sustainability enhances the possibility that an activity will create value and have long-term environmental and social impacts. Social entrepreneurship initiatives benefited from value-creation collaboration. Value-creating projects address social and environmental challenges more proactively and effectively, demonstrating teamwork to promote good change. Investors, lawmakers, and social entrepreneurs who aim to strengthen Indonesia's social entrepreneurship initiative landscape by generating long-term profit and social impact might use the results
ELEPHANTS IN THE ROOM: A REVIEW TO RESHAPE FUTURE RESEARCH ON POLITICALLY CONNECTED BOARDS AND FINANCIAL PERFORMANCE
Get PDFPolitically connected firms are prevalent worldwide, spurring political connection research. This systematic literature review (SLR) examines the current development in political connection research, specifically examining the impact of politically connected directors and CEOs (PCDCs) and corporate financial performance (CFP). This study conducts a bibliometric analysis of 247 articles from Scopus, spanning the years 2006 to 2023. Additionally, 52 high-quality articles are selected for further evaluation using content analysis under the Theory, Context, Characteristics, and Methodology (TCCM) framework. The findings reveal that Asian studies have predominated the body of literature. Through thematic analysis by the keywords, the conceptual structure of PCDC-CFP research is grouped into five distinct clusters. The literature review highlights that PCDCs may be a double-edged sword for CFP, with contradictory findings. This study delves into the geographical focus, theoretical perspectives and methodological arguments of previous research, thereby identifying potential room for future research to enrich the literature. The complex effects of PCDCs on CFP makes call for better policy and business decisions