Ramlan, Nur Hu Yani (2017): Firm Risk and Performance: The Role of Corporate Governance in Bertam Alliance Berhad.
Preview |
PDF
MPRA_paper_78378.pdf Download (531kB) | Preview |
Abstract
The aim of this study is to analyze company profit and firm performance with the specific risk. The data obtained from the annual report Bertam Alliance Berhad starting from the year 2012 to the year 2015. The measurement of liquidity ratio and operating ratio used to see the overall performance of the Bertam Alliance Berhad in 5 years. The other measurement that have been used is current ratio, debt to equity ratio, return on asset, return on equity and the average collection period. To see the relationship of the risks factors to the profitability, this study use liquidity ratio which is current ratio, GDP and operating ratio. The data was analysed by using correlation table. In this study found that the return of asset is positively significant to return on equity.
Item Type: | MPRA Paper |
---|---|
Original Title: | Firm Risk and Performance: The Role of Corporate Governance in Bertam Alliance Berhad |
English Title: | Firm Risk and Performance: The Role of Corporate Governance in Bertam Alliance Berhad |
Language: | English |
Keywords: | Credit risk, liquidity, profitability and macroeconomic |
Subjects: | E - Macroeconomics and Monetary Economics > E0 - General F - International Economics > F0 - General F - International Economics > F0 - General > F00 - General F - International Economics > F1 - Trade F - International Economics > F1 - Trade > F15 - Economic Integration F - International Economics > F1 - Trade > F18 - Trade and Environment |
Item ID: | 78378 |
Depositing User: | Nur Hu Yani Ramlan |
Date Deposited: | 24 Apr 2017 10:42 |
Last Modified: | 27 Sep 2019 13:06 |
References: | Aaker, David A., and Robert Jacobson. "The role of risk in explaining differences in profitability." Academy of Management Journal 30.2 (1987): 277-296. Ali, S. S. (2004, February). Islamic modes of finance and associated liquidity risks. In conference on Monetary Sector in Iran: Structure, Performance & Challenging Issues, February, Tehran, Iran. Arnott, R. D., & Asness, C. S. (2003). Surprise! Higher dividends= higher earnings growth. Financial Analysts Journal, 59(1), 70-87. Bhatti, M., & Bhatti, M. I. (2010). Toward understanding Islamic corporate governance issues in Islamic finance. Asian Politics & Policy, 2(1), 25-38. Choong, Y. V., Thim, C. K., & Kyzy, B. T. (2012). Performance of Islamic commercial banks in Malaysia: an empirical study. Journal of Islamic Economics, Banking and Finance, 8(2), 67-79. Cool, K., & Dierickx, I. (1987). Negative risk return relationships in business strategy: The case of US pharmaceutical industry, 1963–1982. INSEAD working paper. Cool, K., Dierickx, I., & Jemison, D. (1989). Business strategy, market structure and risk‐return relationships: A structural approach. Strategic Mana costs, and ownership structure. Journal of Financial Economics 3 (October): 305-360. Dicorato, M., Forte, G., Trovato, M., & Caruso, E. (2009). Risk-constrained profit maximization in day-ahead electricity market. IEEE transactions on Power Systems, 24(3), 1107-1114. Donaldson, W. H. (2003). Testimony concerning implementation of the Sarbanes-Oxley Act of 2002. Before the Senate Committee on Banking, Housing and Urban Affairs. FAlman, M. (2012). shari’ah supervisory board composition effects on Islamic banks’ risk-taking behavior. Journal of Banking Regulation, 14, 134-163. Ghazali, M. (2008). The bank-specific and macroeconomic determinants of Islamic bank profitability: Some international evidence (Doctoral dissertation, University of Malaya). Ghossoub, E., & Reed, R. R. (2010). Liquidity risk, economic development, and the effects of monetary policy. European Economic Review, 54(2), 252-268. Gompers, P., Ishii, J., & Metrick, A. (2003). Corporate governance and equFity prices. The quarterly journal of economics, 118(1), 107-156. Hambrick, D. C., MacMillan, I. C., & Day, D. L. (1982). Strategic Attributes and Performance in the BCG Matrix—A PIMS-Based Analysis of Industrial Product Businesses1. Academy of Management Journal, 25(3), 510-531. Jensen, M., and W. Meckling. 1976. Theory of the firm: Managerial behavior, agency Kozarevic, E., Nuhanovic, S., & Nurikic, M. B. (2013). Comparative analysis of risk management in Conventional and Islamic Banks: the case of Bosnia and Herzegovina. International Business Research, 6(5), 180. Lipton, M., & Lorsch, J. W. (1992). A modest proposal for improved corporate governance. The business lawyer, 59-77. Samad, A. (2004). Performance of Interest-free Islamic banks vis-à-vis Interest-based Conventional Banks of Bahrain. International Journal of Economics, Management and Accounting, 12(2). Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The journal of finance, 52(2), 737-783. Sufian, F. (2014). The nexus between economic freedom and Islamic bank performance: Empirical evidence from the MENA banking sectors. Contemporary Review of the Middle East, 1(4), 411-439. Sundararajan, V., & Errico, L. (2002). Islamic financial institutions and products in the global financial system: Key issues in risk management and challenges ahead (Vol. 2). International Monetary Fund. Swartz, N.P. (2013), Risk management in Islamic banking. African Journal of Business Management, 7(37), 3799-3809. Waemustafa, W., & Abdullah, A. (2015). Mode of Islamic Bank Financing: Does Effectiveness of Shariah Supervisory Board Matter?. Australian Journal of Basic and Applied Sciences 9 (37), 458-463 Waemustafa, W., & Sukri, S. (2015). Bank specific and macroeconomics dynamic determinants of credit risk in Islamic banks and conventional banks. International Journal of Economics and Financial Issues, 5(2). Waemustafa, W., & Sukri, S. (2016). Systematic and Unsystematic Risk Determinants of Liquidity Risk Between Islamic and Conventional Banks. International Journal of Economics and Financial Issues, 6(4). Yermack, D. (1996). Higher market valuation of companies with a small board of directors. Journal of financial economics, 40(2), 185-211. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/78378 |