International Journal of Economics, Management and Accounting
Not a member yet
291 research outputs found
Sort by
The Role of Ethics in Economic and Business
No full textoai:ojs2.journals.iium.edu.my:article/1The Role of Ethics in Economic and Busines
THE PERMISSIBILITY AND POTENTIAL OF DEVELOPING ISLAMIC DERIVATIVES AS FINANCIAL INSTRUMENTS
No full text(No abstract for Invited Articles.)JEL Classification: G100, Z00
THE CRISIS OF GLOBAL CAPITALISM: OPEN SOCIETY ENDANGERED
Get PDFBy George Soros, London: Little Brown and Co., 1998, ISBN 0-316-849162 (Hardback), 0-316-849545 (c - Format), 245 pp
ISLAM AND MANAGEMENT
Get PDFBy Naceur Jabnoun, Kuala Lumpur: Institut Kajian Dasar (IKD), 1994, ISBN 983-884-026-2, 244pp, Price: RM19.00
AGGREGATE IMPORT DEMAND FUNCTION FOR EIGHTEEN OIC COUNTRIES: A COINTEGRATION ANALYSIS
Get PDFThis is an empirical investigation on the long-run relation of the aggregate import demand function for Organization of Islamic Conferences (OIC) economies, using the recently developed import demand equation that is derived from the dynamic-optimizing intertemporal approach (Xu, 2002). We include only 18 of the 27 OIC founding countries for analysis due to data unavailability for a sufficient sample span. The results of the bounds test (Pesaran, Shin and Smith, 2001) indicate that the volume of import demanded, domestic real activity, and relative prices for 10 of the 18 sample countries are cointegrated. Overall, the estimated price and domestic activity variables are inelastic in the long-run. Some policy implications on trade balance have been drawn in this study.JEL classification: C51, F14Key words: Bounds testing approach; Import demand function; Organization of Islamic Conference
PATIENT SATISFACTION IN OUTPATIENT CLINICS OF MALAYSIAN PUBLIC HOSPITALS: AN EMPIRICAL ANALYSIS
No full textThe main aim of the study is to provide an empirical analysis of patient satisfaction in the outpatient clinics of Malaysian public hospitals. Most of the outpatient clinics at the country’s public hospitals provide specialist treatment. Cluster sampling was used to select the hospitals while self-administered questionnaires were the main method of data collection employed. The research was limited to public hospitals in Peninsular Malaysia. Twenty-three hospitals participated in the survey, including the national referral centre. Two dimensions of patient satisfaction emerged, namely the clinical and physical dimension of service. Patients are found to be more satisfied with the physical dimensions of service than the clinical dimension. Correlation between waiting time and patient satisfaction was also established from the study. Lower patient satisfaction is correlated with longer waiting time. The finding also suggests that non-income earners tend to be more satisfied with the level of service received. Although the findings indicate that patient satisfaction is generally high, the generosity factor inherent in patient satisfaction research cannot be ignored.JEL classification: I18, H83Key words: Patient satisfaction, Public hospitals, Outpatient clinics
SIZE AND RETURNS TO SCALE OF THE ISLAMIC BANKING INDUSTRY IN MALAYSIA: FOREIGN VERSUS DOMESTIC BANKS
Get PDFThis paper investigates the efficiency of the Malaysian Islamic banking sector during the period of 2001-2004. The efficiency estimates of individual banks are evaluated using the non-parametric Data Envelopment Analysis (DEA) method. The method allows for the decomposition of the technical (overall) efficiency into its pure technical and scale efficiency components. In accordance with Islamic financial system principles, the intermediation approach is applied to the specification of input-output variables. The findings suggest that scale inefficiency dominates pure technical inefficiency in the Malaysian Islamic banking sector, implying that Malaysian Islamic banks have been operating at the wrong scale of operations. We have also found that the domestic Islamic banks have exhibited higher technical efficiency compared to that of their foreign peers. Although the findings suggest that the foreign Islamic banks’ technical efficiency is lower compared to its domestic counterparts, the results seem to suggest that the foreign Islamic banks have been relatively more efficient in controlling their operating costs, thus implying that the foreign banks’ inefficiency was mainly attributed to scale.JEL classification: G21, G28Key words: Islamic banks efficiency, Data envelopment analysis (DEA), Malaysia
HIRE-PURCHASE FACILITY IN MALAYSIA: AN EMPIRICAL ANALYSIS
Get PDFOne of the latest innovative products of Islamic banks is the Islamic hirepurchase facility or Al-Ijarah Thumma al-Bay' (AITAB) which is designed to meet the current demand and avoid certain risks in the financing of consumer durables and motor vehicles. AITAB can be utilized to finance a wide range of assets, either for individual or corporate customers. This paper presents empirical evidence on the customers’ perception of AITAB. A country-wide questionnaire survey has been conducted on 203 AITAB customers, aiming at eliciting their awareness and perception of AITAB facility. Overall, the results provide a strong signal to the bankers that efforts need to be intensified in educating the public about the distinctive characteristics of AITAB and how it may suit the interest of customers in financing their assets. There is a huge potential for AITAB to be marketed to various segments of customers comprising those who are concerned with the legitimacy of the facility, and those who seek convenience and less complicated transactions.JEL classification: G21, Z12, G20, M00Key words: Islamic hire-purchase, Customers’ perceptions, Customer satisfaction
THE VALUE-RELEVANCE OF R&D EXPENDITURE: EXPERIENCE FROM MALAYSIA
Get PDFThis paper examines the value relevance of R&D reporting among public listed companies in Malaysia for 2000 and 2001, subsequent to the introduction of FRS 109, Accounting for Research and Development (formerly known as MASB 4) which became effective in 1999. Beginning January 2006, FRS 138, Intangible Assets supersedes FRS 109. FRS 138 prescribes that a firm should expense its research costs and could capitalize the development cost as an intangible asset if the latter is expected to bring future benefits. Otherwise, the development expenditure is to be expensed. Test results based on Ohlson’s (1995) valuation model shows that for capitalizers, the amount of R&D expenditure, either expensed or capitalized, influences the stock prices positively. As for the expensers, even though the amount expensed influences stock prices, this relationship is driven by outliers; when we dropped the outliers, the result was no longer significant. These results indicate that R&D activities of capitalizers are expected to bring future benefits and consequently, lead to higher prices while the R&D activities of expensers are more difficult to evaluate given a small sample size and the presence of outliers.JEL classification:M41, O30Key words: Research and development, Value-relevance, Capitalisatio