Corporate Governance And Accounting Quality In Malaysia

Malaysia faces increased competition from countries in the region and from emerging economies such as India and China in attracting investors. It is not just the natural resources, quality of labour force and political stability that attract investors to its shores. Equally important is the accounting quality, its reliability, transparency and corporate governance. Therefore, the main objective of this research is to examine the changes in accounting quality before and after the implementation of Financial Reporting Standards (FRS) on January 1, 2006. This research also examines the relationship between various governance mechanisms of board structure, audit committees and accounting quality in Malaysia. This study will be conducted by using the entire main board public-listed companies (PLCs) as population for the year of 2003 to 2008 in order to obtain the sufficient samples for analysis. The final sample for this study comprised 397 non-financial companies with complete data for accounting quality and corporate governance variable. The overall results in this study find that accounting quality has reduced in terms of higher earnings management and lesser timely loss recognition during the post IFRS and post MCCG period. Furthermore, the results also suggest that corporate governance attributes of governance expertise in board committee, directors’ ownership, role duality or chairman independence, audit committee financial expertise, audit committee independence are associated at significant levels with accounting quality during the post IFRS and post MCCG period. Its results are useable by stock market participants in their evaluation of the roles of corporate governance and ownership structure in enhancing the quality of reported earnings. The findings will also help regulators to define effective corporate governance attributes and to assess the requirements for disclosure of corporate governance practices in future

A study on schedule management for BIM projects in the construction industry

There is an advance modelling tool that currently been pushed by the industry is BIM. BIM as known as Building Modelling Information is a computerized process that is used to design, understand and establish the key physical and functional characteristic of a building on a ‘virtual’ computerized model basis at its most basic level [4]. Basically the resulting model is a digital representation of the building which the data can be extracted and analyzed to generate information that can be used for decision making and enhance the process of delivering the building and the entire life cycle use of the building [4]. BIM implementation can help to improve the quality of project especially the schedule management. By implementing BIM into construction project, it can provides schedule visualization which can make the construction planning more efficient. Besides that, through the BIM model clash detection can be detected in the preconstruction phase which save a lot of time on rework during construction phase

Tourist’s Place Experience: An Empirical Study In Penang Culture Traits And Heritage

Kajian ini mengkaji dimensi ciri-ciri budaya perniagaan dan warisan pelancongan di Pulau Pinang. This dissertation explores the dimensions of Cultural Traits and Heritage tourism in Penang

The influence of ultimate ownership concentration on leverage

This paper investigates the relationship between ultimate ownership concentration and the extent of leverage in the context of Malaysia. The data of this study include 478 publicly listed firms from2001 to 2012. The results show that ultimate ownership concentration has U-shaped relationship with leverage, with the turning point being at the ownership concentration of 42%. Based on signalling theory, the results show that a moderate extent of ultimate ownership concentration tends to adopt lower leverage for they have higher incentives to self-monitor managerial opportunistic decision making; by contrast, an ultimate owner who holds excessively high concentration of shareholdings shows self-benefitting behaviour, with the owner tending to adopt higher leverage to sustain the loss of firm value from expropriation. However, higher institutional ownership concentration plays a significant monitoring role over the owner’s opportunistic behaviour through the signalling of lower leverage even when the shareholding of ultimate owner is excessively large

Studies On The Parameters That Affect The Properties Of Triple Nickel Electroplating

The triple nickel electroplating consists of three layers of nickel deposits with different sulphur content, i.e. the first layer plated on the substrate is semi-bright, followed by high sulphur and bright nickel. This research is aimed at studying the parameters that affect the various properties of triple nickel deposits such as cathode current .. efficiency, thickness distribution, brightness and leveling, co-deposited sulphur content, electrode potential differences and the corrosion resistance performance. The parameters being studied are the distance between cathode and anode, current density, plating time and the combination of different layers of nickel deposits

Effect of medium-chain triglycerides on piglets in three farms in Selangor and Penang, Malaysia

The aims of this study were to evaluate effect of medium-chain triglycerides (MCT) between treatment and control groups on growth performance, mortality rate and fecal coliform count in piglets. In addition, the effect of MCT on weaning body weight was evaluated. This study was separated into Phase I and Phase II. In phase I, 18 litters were selected from three farms in Selangor and Penang. Piglets in each litter was equally divided into control group and treatment group where only treatment group piglets were fed twice with 2 ml MCT on Day 1. Body weight was taken on day one, three, five and seven. Phase II involved 12 litters from a farm. The same procedure as in phase I was done, except the body weight was taken on day one, fourteen and twenty eight. MCT treatment group piglets were found to have higher growth performance and lower mortality rate thAn control group piglets. No difference in fecal coliform count was observed between treatment and control group. MCT showed more prominent effect on growth performance during weaning period of the piglets. In conclusion, MCT supplementation had positive effect on the growth performance of piglets as a result of increased body weight and average daily gain. Besides, MCT were able to reduce mortality in piglets in all the farms

Urea Adsorption By Activated Carbon Derived From Oil Palm Kernel Shell And Empty Fruit Bunch Fiber

The present hemodialysis treatment is expensive and seriously affects the life of a patient due to its low effectiveness and efficiency in uremic toxin removal. Thus, nanoporous materials are needed to improve the treatment. Palm kernel shell (PKS) and empty fruit bunch (EFB) fiber biomass from palm oil mills can be utilized to synthesize low cost nanoporous activated carbon (AC) which can be applied in artificial kidney system for urea adsorption. In this study, granular activated carbon (GAC) was synthesized from PKS via different carbonization temperatures and durations as well as the sulfuric acid (H2SO4) treatment. Activated carbon fiber (ACF) was derived from EFB via the treatment with different acid impregnation ratios followed by the carbonization and CO2 gas activation at 900°C. The physical and chemical properties of the samples were studied. Increase of carbonization temperatures from 400 to 600°C resulted in the increase in urea adsorption predominantly due to increase in surface area. The increase of carbonization duration from 3 to 6 hours improved surface area but does not improve urea adsorption. Instead, C-H functional group is the main factor that influences urea adsorption. The H2SO4 treatment enhances surface area of GAC sample and eventually improves the urea adsorption. The optimum condition for the synthesis of ACF sample with excellent pore characteristic is the acid treatment at 1.5 acid-to-EFB fiber ratio. Further increase of the ratio reduces the surface area due to excess water vaporization via H2SO4 dehydration. Regardless of the obtained surface area, increase of acid impregnation ratio deteriorates the urea adsorption by ACF samples due to the decrease in C-H surface functional groups. Overall, the presence of C-H surface functional group in AC was proven the vital factor for higher urea adsorption capacity

Effect of simultaneous injection of classical swine fever virus vaccine and Mycoplasma hyopneumoniae vaccine on immune response of swine

Objectives of this study were (1) to compare sero-conversion in pigs following simultaneous and separate vaccination against Classical Swine Fever (CSF) and Mycoplasma hyopneumoniae and (2) to determine safety of CSF and M. hyopneumoniae vaccines when given simultaneously. Twenty-four weaned pigs were divided into 3 groups of 8 heads. Groups were designated as non-simultaneous vaccinated group, simultaneous vaccinated group and negative control, respectively. Vaccines used in study were M.hyopneumoniae vaccine (SPRINTVAC®MH) and CSF vaccine (PESTIFFA®). IDEXX ELISA test kit (HerdChek M hyo) and LSIVET SUIS HC/PPC Blocking ELISA test kit were used to detect antibody titre on weekly basis. Sero-conversion rate of CSF antibody titre and M.hyo antibody titre were calculated. Result showed both simultaneous vaccination and non-simultaneous vaccination for CSF antibody titre reached 100% sero-conversion rate at 5 weeks post vaccination. Therefore, simultaneous vaccination was able to accomplish similar results as in non-simultaneous vaccination. Sero-conversion rate for CSF antibody titre in non-simultaneous group was slower before it reached 5 weeks post vaccination. 12.5% of animal from negative control group sero-converted at 5 weeks post vaccination due to false-positive result or field infections. M. hyopneumoniae antibody titre sero-conversion rate in both simultaneous vaccination and non-simultaneous vaccination reached 100% sero-conversion rate after 6 weeks post vaccination. Control group showed negative result for M. hyopneumoniae antibody titre throughout whole experiment. Vaccines used in trial did not cause any adverse effect after post vaccination when given simultaneously

Perceived Risk Factors Affect Intention To Use FinTech

Objective: Studies show there is a high acceptance of FinTech development in Malaysia. However, the perceived risk factors that hinder a user's intention to use FinTech remains vague. Research on perceived risk is limited, especially the use of FinTech in the context of Malaysia. Therefore, this study aims to narrow the gap in perceived risk factors of FinTech. Methodology: A total of 302 participants participated in the study. Collected data and hypotheses were tested using the method of structural equation modelling. Results: It is found that three of the four dimensions of financial risk, legal risk and operational risk have a significant negative impact on the intention to use FinTech. The findings found that security risks do not have a significant negative effect on the intention to use FinTech. This result is consistent with the finding that Malaysian consumers' perception of e-payment is not significantly related to perceived security. Implication: The results help practitioners better conceptualise and reduce risk barriers in preparing for the disruption of FinTech. Practitioners are also advised to pay attention to FinTech's operational skills and system functional performance in FinTech services