The benefits of research and development (R&D) investment extend beyond the undertaking firms and may impact the wider economy through spillovers. This study examines the effect of Multinational Companies (MNCs)' R&D intra-industrial spillovers on total factor productivity (TFP) using firm-level...

Chapter 1: Development of Bursa Malaysia as an IPO Market -- Chapter 2: LEAP Market IPO: A New Financing Platform -- Chapter 3: Intraday Performance of LEAP Market IPO -- Chapter 4: Learning from Korea New Exchange (KONEX) -- Chapter 5: LEAP Market: Current State, SWOT Analysis and Way Forward...

Chapter 1 An Overview of the Pension System in Malaysia -- Chapter 2 Determinants of Pension Cost -- Chapter 3 Asset Allocation and Performance -- Chapter 4 Can Future Pension Assets Meet Their Future Liabilities? -- Chapter 5 Is the Defined Benefit Pension Fund Sustainable in the Long Run? --...

Unlike other bourses in the region, Bursa Malaysia has a set of unique characteristics as compared to its peers. Notably, after the changes in index construction on July 6, 2009, the weightage of Government Linked Companies (GLCs) in the new index of FTSE-Bursa Malaysia KLCI (“FBM KLCI”)...

This article examines the empirical link between financial openness and informational efficiency of stock markets in 27 emerging markets. Improving on earlier papers, this study has used World Bank's Worldwide Governance Indicators (WGI) as the proxy of institutional development in dynamic panel...

Purpose – The Asian financial crisis revealed the weaknesses of Malaysian fund management industry. The financial losses incurred in the crisis brought forward the issue of asymmetric information between the fund managers and investors i.e. the mismatch between the investors’ investment...

In this paper we examine trade-growth nexus using data from six Asian countries. We apply the ADF unit root test to check for stationarity; and the autoregressive distributed lag (ARDL) approach for a long-run relationship among exports, imports and economic growth. For the direction of...