Author: King Yoong Lim
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Book Description
The year 2011 saw the launch of the National Innovation Strategy and Capital Market Masterplan 2 in Malaysia, underlining an increasingly important national agenda of innovation-led growth. As the Malaysian capital market is expected to face greater challenge to expand its market size against the backdrop of growing international competition, market capitalization growth needs to be internally driven. However, the market has seen large delisting flows and underperformance of new listings in recent years, and inadequate corporate innovation may play a role. Using reported R&D expenditure as indicator for corporate innovation, we apply formal survival modelling technique onto corporate financial data of Malaysian Public Listed Companies (PLCs) to investigate the impact of innovation on public listing duration of companies. We find that innovative PLCs face lower delisting hazards when controlling for market capitalisation and sector classification. A PLC with positive reporting of R&D expenditure would face merely 15.8-17.8 percent of the hazards of a non-R&D company, and the marginal benefit of an additional ringgit spent on R&D is most significantly felt by Malaysian PLCs classified under the Technology sector, followed by asset-rich PLCs predominantly in the Plantation sector. There is also evidence that the quality of new listing pipeline in Malaysia has indeed declined over the years. Non-innovating mid-cap companies are also found to face the largest delisting hazards, followed by non-innovating small-cap companies, calling for more effective corporate innovation reporting to reduce information risk faced by investors.
Is Corporate Innovation Key to Capital Market Industry Sustainability? Evidence from Delisting Hazard of Malaysian Companies
Author: King Yoong Lim
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Book Description
The year 2011 saw the launch of the National Innovation Strategy and Capital Market Masterplan 2 in Malaysia, underlining an increasingly important national agenda of innovation-led growth. As the Malaysian capital market is expected to face greater challenge to expand its market size against the backdrop of growing international competition, market capitalization growth needs to be internally driven. However, the market has seen large delisting flows and underperformance of new listings in recent years, and inadequate corporate innovation may play a role. Using reported R&D expenditure as indicator for corporate innovation, we apply formal survival modelling technique onto corporate financial data of Malaysian Public Listed Companies (PLCs) to investigate the impact of innovation on public listing duration of companies. We find that innovative PLCs face lower delisting hazards when controlling for market capitalisation and sector classification. A PLC with positive reporting of R&D expenditure would face merely 15.8-17.8 percent of the hazards of a non-R&D company, and the marginal benefit of an additional ringgit spent on R&D is most significantly felt by Malaysian PLCs classified under the Technology sector, followed by asset-rich PLCs predominantly in the Plantation sector. There is also evidence that the quality of new listing pipeline in Malaysia has indeed declined over the years. Non-innovating mid-cap companies are also found to face the largest delisting hazards, followed by non-innovating small-cap companies, calling for more effective corporate innovation reporting to reduce information risk faced by investors.
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Book Description
The year 2011 saw the launch of the National Innovation Strategy and Capital Market Masterplan 2 in Malaysia, underlining an increasingly important national agenda of innovation-led growth. As the Malaysian capital market is expected to face greater challenge to expand its market size against the backdrop of growing international competition, market capitalization growth needs to be internally driven. However, the market has seen large delisting flows and underperformance of new listings in recent years, and inadequate corporate innovation may play a role. Using reported R&D expenditure as indicator for corporate innovation, we apply formal survival modelling technique onto corporate financial data of Malaysian Public Listed Companies (PLCs) to investigate the impact of innovation on public listing duration of companies. We find that innovative PLCs face lower delisting hazards when controlling for market capitalisation and sector classification. A PLC with positive reporting of R&D expenditure would face merely 15.8-17.8 percent of the hazards of a non-R&D company, and the marginal benefit of an additional ringgit spent on R&D is most significantly felt by Malaysian PLCs classified under the Technology sector, followed by asset-rich PLCs predominantly in the Plantation sector. There is also evidence that the quality of new listing pipeline in Malaysia has indeed declined over the years. Non-innovating mid-cap companies are also found to face the largest delisting hazards, followed by non-innovating small-cap companies, calling for more effective corporate innovation reporting to reduce information risk faced by investors.
New Initiatives in the Malaysian Capital Market
Author: Hon Wei Leow
Publisher: Springer Nature
ISBN: 9819709806
Category :
Languages : en
Pages : 134
Book Description
Publisher: Springer Nature
ISBN: 9819709806
Category :
Languages : en
Pages : 134
Book Description
The Sustainability of Business Corporate Governance
Author: Kevin Lock Teng Low
Publisher:
ISBN:
Category :
Languages : en
Pages : 26
Book Description
This paper focuses on the corporate governance issues surrounding Malaysian companies especially after the financial crisis and capital control. The issues on the institutional investors on corporate governance surrounding Malaysia especially after the Southeast Asia financial crisis remain an interesting topic. Corporate governance covers the way in which the varying interests of the major constituents of a company, namely the board of directors, management and shareholders are managed. In the changing environment, strategic decision-makers have witnessed the emergence of a new stakeholder group, institutional investors, which include public and mutual funds, investment bankers, insurance companies and private firms.
Publisher:
ISBN:
Category :
Languages : en
Pages : 26
Book Description
This paper focuses on the corporate governance issues surrounding Malaysian companies especially after the financial crisis and capital control. The issues on the institutional investors on corporate governance surrounding Malaysia especially after the Southeast Asia financial crisis remain an interesting topic. Corporate governance covers the way in which the varying interests of the major constituents of a company, namely the board of directors, management and shareholders are managed. In the changing environment, strategic decision-makers have witnessed the emergence of a new stakeholder group, institutional investors, which include public and mutual funds, investment bankers, insurance companies and private firms.
The Impact of COVID-19 on Corporations and Corporate Law in Malaysia
Author: Loganathan Krishnan
Publisher: Springer Nature
ISBN: 9811955190
Category : Business & Economics
Languages : en
Pages : 215
Book Description
This book analyzes the impact of COVID-19 on corporations in Malaysia, discussing the challenges and the corporations’ responses to them. The relevant provisions in the Companies Act 2016 are examined, and where necessary, reforms are proposed in light of the new business environment brought on as a result of the pandemic. The book also discusses the interim measures initiated by the various regulators in order to mitigate the impact of COVID-19 and analyzes the adequacy of such measures by drawing analogous positions from countries such as the UK, Australia, and Singapore. This book is a helpful guide for practitioners to manage the impact of COVID-19 on corporations and the Companies Act 2016. The book is a reference point for regulators and policy makers in crafting policies to combat the impact of COVID-19.
Publisher: Springer Nature
ISBN: 9811955190
Category : Business & Economics
Languages : en
Pages : 215
Book Description
This book analyzes the impact of COVID-19 on corporations in Malaysia, discussing the challenges and the corporations’ responses to them. The relevant provisions in the Companies Act 2016 are examined, and where necessary, reforms are proposed in light of the new business environment brought on as a result of the pandemic. The book also discusses the interim measures initiated by the various regulators in order to mitigate the impact of COVID-19 and analyzes the adequacy of such measures by drawing analogous positions from countries such as the UK, Australia, and Singapore. This book is a helpful guide for practitioners to manage the impact of COVID-19 on corporations and the Companies Act 2016. The book is a reference point for regulators and policy makers in crafting policies to combat the impact of COVID-19.
Corporate Governance and Sustainability
Author: Norazlan Alias
Publisher: Springer
ISBN: 9789819778072
Category : Business & Economics
Languages : en
Pages : 0
Book Description
This book presents a comprehensive exploration of contemporary issues in corporate governance and sustainability within the Malaysian context. Authored by experienced scholars and practitioners, each chapter delves into critical aspects shaping the landscape of business ethics, digital transformation, and societal responsibility. Beginning with an examination of role of digital transformation in driving sustainable innovation for Micro, Small, and Medium-Sized Enterprises (MSMEs), the volume goes on to explore the transformative potential and challenges of digital technologies on governance, sustainability, and taxation. It further highlights the significance of environmental, social, and governance (ESG) factors in measuring the sustainability and societal impact of businesses. Through insightful discussions on directorial responsibilities, social enterprises, stakeholder involvement in fraud prevention, and effective tax governance, this book offers valuable insights for practitioners, researchers, and students of business and accounting. By addressing key issues such as risk management, internal control, and tax compliance, this book serves as a timely resource for navigating the complexities of corporate governance and sustainability in Malaysia's dynamic business environment.
Publisher: Springer
ISBN: 9789819778072
Category : Business & Economics
Languages : en
Pages : 0
Book Description
This book presents a comprehensive exploration of contemporary issues in corporate governance and sustainability within the Malaysian context. Authored by experienced scholars and practitioners, each chapter delves into critical aspects shaping the landscape of business ethics, digital transformation, and societal responsibility. Beginning with an examination of role of digital transformation in driving sustainable innovation for Micro, Small, and Medium-Sized Enterprises (MSMEs), the volume goes on to explore the transformative potential and challenges of digital technologies on governance, sustainability, and taxation. It further highlights the significance of environmental, social, and governance (ESG) factors in measuring the sustainability and societal impact of businesses. Through insightful discussions on directorial responsibilities, social enterprises, stakeholder involvement in fraud prevention, and effective tax governance, this book offers valuable insights for practitioners, researchers, and students of business and accounting. By addressing key issues such as risk management, internal control, and tax compliance, this book serves as a timely resource for navigating the complexities of corporate governance and sustainability in Malaysia's dynamic business environment.
Corporate Governance and Shareholder Empowerment
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 420
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 420
Book Description
Promotion of Capital Market
Author: Ting Seng Ho
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 50
Book Description
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 50
Book Description
Corporate Governance, Innovation and Firm Performance
Author: Abdul Hadi Zulkafli
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Corporate Governance and Corporate Law Reform in Malaysia
Author: Fatt Hee Tie
Publisher:
ISBN:
Category : Capitalism
Languages : en
Pages : 430
Book Description
Publisher:
ISBN:
Category : Capitalism
Languages : en
Pages : 430
Book Description
Capital Market Development in Malaysia
Author:
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 312
Book Description
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 312
Book Description