This paper aims to answer an important question, that being: is the sustainability-corporate performance relationship contingent upon the access to and use of financial capabilities? This paper uses a sample of Top 100 Sustainable global corporations. We derived a distinction between product-led...

This study examines the readability of CSR communication (disclosure) for a sample of listed firms in Malaysia. The study employs Readability Formulae and finds that the extent of syntactic complexity making it difficult to comprehend the CSR communication of the listed firms varies from very...

This research investigates the usage of derivatives and their impact on the listed companies' cost of equity (COE) capital in Malaysia. We find that the usage of derivative instruments differs across industry sectors. Foreign exchange exposure management is one of the key components of financial...

A careful review of previous empirical studies in developing countries reveals that these studies have focused on explaining relative use of debt, equity or internal finance using aggregate financial ratios (Mayer, 1988, 1989, and 1990; Glen and Pinto, 1994; IFC, 1991). These studies conceal rather...

In this paper, we test the hypothesis of stock market integration in six Asian stock markets. The private capital flows has been linked to high stock market performance in these countries. We argue that if there has been co-movement of net equity flows across markets, then, there will also be...

Much has been debated on the necessity of the better corporate disclosures on the issues affecting the stakeholders. This research provides an insight into the disclosures of plantation companies on the environmental preservation in relation to the earth, water and air (EWA). The study gauged...

In this paper, we examine the trend in the denomination of foreign currency borrowing and investments for a sample of listed firms over the period of 1995-2005. This time periods includes financial liberalization period as well as the Asian financial crisis. The unique feature of our study is...

In this paper, we examine the sources of profits to momentum strategies of buying past winner industry portfolios and selling short past loser industry portfolios using the privatization environment in Pakistan over the period of 1991-2005. Our empirical results suggest a 6 percent return per...

This paper investigates the idiosyncratic risk of investing in the Islamic capital market equities. It aims to answer the question: do stocks which are included (excluded) in the Shari'ah index have higher (lower) idiosyncratic risks? We used FTSE Bursa Malaysia EMAS Shari'ah Index (FBMEI)...

Much of the empirical research has focused on the equity markets of the developed countries and there has been limited research on the dynamic of the equity markets in the emerging markets. This paper has two objectives, first to examine the relationship between the equity risk premium and...