Articles

Factors correlated with equity market risk premiums in developed and emerging markets (with Vijaya B. Marisetty), Quantitative finance (2010)

Traditional time series or cross-sectional regression procedures yield mixed evidence on maintained hypotheses about the...

 

Sticky prices and time to equilibrium: Evidence from Asia-Pacific trade-related economies (with Catherine S. F. Ho), Applied economics (2010)

The theoretical relation between exchange rate and prices has been a difficult proposition to find...

 

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What factors discriminate developed and emerging capital markets? (with Guoma Alrgibi and Louis Murray), Applied economic letters (2010)

This article identifies variables that might help an analyst to classify a stock market as...

 

The determinants of bank capital ratios in a developing economy (with Rubi Ahmad and Michael J. Skully), Asia-Pacific financial markets (2009)

This paper reports new findings on the determinants of bank capital ratios. The results are...

 

Money supply behaviour in emerging economies: A comparative analysis (with Zatul E. Badarudin and Ahmed M. Khalid), Journal of the Asia Pacific economy (2009)

This paper reports new evidence consistent with the post-Keynesian hypothesis of money endogeneity for hitherto...

 

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A test of purchasing power parity: Asia Pacific and Latin America (with Catherine S. F. Ho), Asian academy of management Journal of accounting and finance (2009)

Finding evidence of the theoretical relationship between exchange rate and inflation has been a difficult...

 

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Examining foreign exchange behaviour in Asia Pacific and Eastern European emerging countries (with Catherine S. F. Ho), Global economy & finance journal (2009)

This paper reports new findings on exchange rate dynamics concerning whether non-parity fundamentals and parity...

 

Performance of East Asian banking sectors under IMF-supported programs (with Luc Can), Journal of the Asia Pacific economy (2009)

This paper reports the performance of the banking sectors of four crisis-hit East Asian economies,...

 

IMF bank-restructuring efficiency outcomes: Evidence from East Asia (with Luc Can), Journal of financial services research (2009)

We report new findings on bank efficiency in East Asian countries for the pre- and...

 

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How capital structure adjusts dynamically during financial crises (with Hassan Taufiq and M. Shamsher), Business papers (2008)

The availability of a unique data set of financially distressed firms enabled this study to...

 

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The role of non-parity fundamentals in exchange rate determination: Australia and the Asia Pacific region (with Catherine S. F. Ho), Malaysian journal of economic studies (2008)

This paper extends the literature by looking at the contribution of non-parity variables after extracting...

 

Privatization and performance: Evidence from telecommunications sector (with E Cabanda and M Sathye), Business papers (2008)

There is a continuing debate on whether or not ownership changes accompanying privatization of state-owned...

 

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The divide between developed and emerging capital markets in a globalised world: can we discriminate? (with Guoma Alrgibi and Louis Murray), Globalisation and Development Centre (2008)

With globalisation financial development has spawned across the world creating a two-tiered funds market, developed...

 

Cost and profit efficiency of Chinese banks: A non-parametric analysis (with Luc Can), China economic review (2008)

Using a non-parametric technique for data from 1995 to 2004, we investigate the cost and...

 

Do accounting and finance tools serve governance? (with Janek Ratnatunga), International journal of economics and management (2008)

A brief review of recent literature on corporate governance is provided, which is then concluded...

 

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Cost, revenue and profit efficiency of Islamic versus conventional banks: International evidence using data envelopment analysis (with Mohammed K. I. Bader, Mohamad Shamsher, and Taufiq Hassan), Islamic economic studies (2008)

This paper measures and compares the cost, revenue and profit efficiency of 43 Islamic and...

 

On productivity performance gains of Indonesian firms (with Viverita), Business papers (2008)

Purpose – The purpose of this paper is to develop a methodology to study profit...

 

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The effect of interest rate changes on bank stocks (with John J. Vaz and Robert D. Brooks), Investment management and financial innovation (2008)

This study examines the effect of publicly announced changes in official interest rates on the...

 

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Derivative markets and economic growth: Is there a relationship? (with A. Baluch), Globalisation and Development Centre (2007)

The spread of capital markets during the half century to-date is a notable global phenomenon...

 

Stock index futures prices and the Asian financial crisis (with Taufiq Hassan, Shamsher Mohamad, and Annuar M. Nassir), International review of finance (2007)

This study reports new findings on the behavior of index futures (FKLI: code name of...

 

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Corporate spin-offs, their price reactions and determinants in Malaysia (with Chung-Sin Yoon), International journal of banking and finance (2007)

Spin-off as a form of financial restructuring has been examined in the US and the...

 

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Factors determining mergers of banks in Malaysia's banking sector reform (with Rubi Ahmad and Michael Skully), Multinational finance journal (2007)

What was termed government-guided merger was a unique banking sector reform implemented in 2002 by...

 

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Multi-country study of bank credit risk determinants (with Nor Hayati Ahmad), International journal of banking and finance (2007)

This paper presents fresh findings about key determinants of credit risk of commercial banks in...

 

The valuation effects of prime rate revisions: Is there an advantage of being first? (with Asjeet S. Lamba), International review of finance (2006)

US banks making prime rate revisions are known to suffer stock price declines, which is...

 

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Regulation of deposit-taking institutions: Price effect at disclosures of new regulations (with Nor Hayati Ahmad), International Journal of Banking and Finance (2005)

This paper presents findings on the impact of revisions to a unique bank regulation yet...

 

Are stock splits credible signals? Evidence from the Singapore market (with Wayalet A. Khan and H. Kent Baker), Singapore economic review (2004)

This paper studies the effects of stock splits on returns using daily data from the...

 

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Outsider estimation of the fair value of bank stocks: Computational and conceptual issues (with Lina Suranto), International Journal of Banking and Finance (2003)

This paper attempts to fill a void in the finance literature by reporting the reliability...

 

Books

The foundations of Islamic banking: Theory, practice and education, The foundations of Islamic banking: Theory, practice and education (2011)

This comprehensive book brings together eminent Islamic finance scholars to explore the theory, principles and...

 

Bond markets in Malaysia and Singapore (with Cheng Fan Fah and Neoh Vee Heng), Bond markets in Malaysia and Singapore (2009)

This book is about two bond markets respectively in Malaysia and Singapore. The book describes...

 

Fixed income markets: Malaysia and Singapore (with F. F. Cheng and W. H. Neo), , (2009)
 

Capital markets in Malaysia: Corporate finance, investment management, banking and corporate governance (with Mohamad Shamsher, Hassan Taufiq, and Nassir Annuar Md), Business papers (2008)

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The study of emergent capital markets has become an established field of financial...

 

Book Chapters

A simple guide to Islamic banking and finance, Handbook for directors of financial institutions (2008)

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This chapter is a guide to the essential principles and practices of Islamic banking...

 

Corporate governance: The case of Australian banks (with Mohammad Z. Hoque), Corporate governance in banking: A global perspective (2007)

Extract: This chapter attempts to provide a summary report on the status of corporate governance...

 

Conference Papers

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GFC: Origin, consequence and cost (with Ahmed Khalid), New Zealand Governance Centre (NZGC) 2010 Symposium - Global financial crisis: The way forward (2010)
 

Bank stock returns under money supply endogeneity: Empirical evidence using panel data (with Zatul Effawaty Badarudin and Ahmed M. Khalid), The 22nd Australasian Finance and Banking Conference 2009 (2009)

There is as yet a study of money supply effect on the aggregate bank stock...

 

Worldwide comparison of financial efficiency of Islamic banks and conventional banks, The centre for Islamic law and society - One-day colloquium: Between radicalism and liberalism? Islamic law in Southeast Asia (2007)

This paper reports policy-relevant findings from a major study on the financial performance of conventional...