The paper estimates the dividend behaviour model for Malaysia using the annual time series data for the period 1983 to 1992, and the cross-section data for the 23 selected firms representing various sectors of the economy. The results have good fits, and they indicate that the current earnings...

The purpose of the study is to (a) examine the degree of substitutability between labour and capital, (b) estimate returns to scale, (c) compute the factors’ marginal productivities and relative contribution to output and to (d) test the predictive ability of the estimated relationship. These...

The paper computes the return and risk (systematic and unsystematic) from investments in stocks, determines the optimum portfolio of stocks, and develops a fundamental model for beta of stocks, using data of the Malaysian economy. The sample consists of 27 companies (three from each of the nine...

The paper estimates the export and import function for India both at the aggregate (rest of the world) as well as the important individual country levels, using annual time series data for the period 1960-61 through 1990-91. It finds that the income elasticities of trade are significant and that...

This paper examines the potential motives and effects of corporate takeovers that occurred in Malaysia for period 1980-1993. Mueller’s (1980) methodology which has been adopted in Australia, U.S, U.K, and five European countries are employed in order to provide evidence on Malaysian takeovers...

This study is concerned with analyzing stock returns around periods of earnings announcements. Three hundred and sixty-four earnings announcement dates (events) were obtained from the annual earnings announcements of 91 stocks listed on the main board of KLSE for the years 1993 to 1996. For each...

The paper discusses the various theoretical models for exchange rate as developed in the literature, translates them into testable forms, verifies them through empirical work on five important exchange rates, and infer useful conclusions for enhancing the understanding of the exchange rate...

This paper uses weekly return data for the period January 1990 through December 1996 for a sample of 224 stocks listed on the main board of Kuala Lumpur Stock Exchange to estimate the Capital Asset Pricing Model, CAPM. Both the Fama and MacBeth (1973) procedure and its refined version by...

The regression method for analysing changes in variables over the time and cross-section has become very popular in the present day world. The method is undoubtedly very powerful but it is based on several assumptions and if any of its assumptions do not hold good for a particular sample, its...

The paper examines four hypotheses about the location of the Indian Cement Industry, viz., (a) its location is not optimum, (b) it is not evenly distributed throughout the country, (c) its location is becoming more and more dispersed over time, and (d) recent changes in its location are towards...