The technical efficiency of government linked companies (GLCs): Internal and macroeconimic perspectives

The ever challenging environment in the globalization era, has led Government Linked Companies (GLCs) to adapt various business strategies in their effort to become more efficient. The involvement of Malaysian government as the key player in economic activities does not help the GLCs to be more competent especially when the agenda is being politicised. Furthermore, GLCs are currently facing problems in terms of profit and management that affect their overall level of efficiency. Research on GLCs’ competency to overcome the challenges in the business world is still insufficient. Thus, this study aims to investigate the effects of internal and macroeconomic factors that could positively improve the technical efficiency of GLCs. Hence, the objective of this study is to examine the impact of macroeconomic and internal factors on the efficiency of 17 top listed GLCs under G20. In addition, this study also analyses the role of the government as an interaction terms in affecting the technical efficiency of GLCs. Stochastic Frontier Analysis (SFA) is used to identify the technical efficiency score of GLCs followed by the Fixed and Random Effects and Fully Modified Ordinary Least Squares (FMOLS). The results from this study reveal that the internal factors such as the revenue, financial capital, government ownership, firm size and return on assets and macroeconomic factors such as GDP, infrastructure, unemployment, trade openness, inflation rate and real interest rate, show a significant impact on the GLS’s technical efficiency. The study recommends government involvement as an interaction terms to improve GLC’s efficiency. In terms of policy, the government should play a greater role in providing a stable macroeconomic environment, making rational decisions and establishing more international economic linkages through GLCs. It also indicates that policy-makers should act in accordance with good governance based on GLCs’ performance and development

Sustainability in ASEAN Countries: The Role of Financial Development in Climate Change

Higher financial development and economic growth leads to higher production and consumption of a nation. This is because when a country is developed, the demand for infrastructure will increase which could significantly affect the country’s environment. The main aim of this paper is to explore the link between energy efficiency, sustainable economic growth, population and financial development in five ASEAN countries (Malaysia, Thailand, Indonesia, Philippines and Vietnam). Panel data analysis was employed and the results show that financial development, economic growth, population and renewable energy are important factors in influencing climate change. Based on the results, increasing financial development, higher energy use, high population and increasing economic growth will generate more CO2 emissions and contribute to climate change. Thus, there are several policies suggested to balance the relationship between financial development and carbon emission levels, which should be considered and implemented by governments and policy makers in order to improve the environmental quality in ASEAN countries. In conclusion, in the five selected ASEAN countries, financial growth plays an important role in highlighting climate change issues. Many past studies have focused on the impacts of renewable energy consumption, population, economic growth and foreign direct investment on climate change. This study narrows the gap that exists in the literature by focusing on financial development, which is able to foster vigorous economic growth, especially in ASEAN countries. Overall, the results from the fixed effects estimates show that financial development is a significant factor and has a positive contribution towards climate change

Sustainability in ASEAN Countries: The Role of Financial Development in Climate Change

Higher financial development and economic growth leads to higher production and consumption of a nation. This is because when a country is developed, the demand for infrastructure will increase which could significantly affect the country’s environment. The main aim of this paper is to explore the link between energy efficiency, sustainable economic growth, population and financial development in five ASEAN countries (Malaysia, Thailand, Indonesia, Philippines and Vietnam). Panel data analysis was employed and the results show that financial development, economic growth, population and renewable energy are important factors in influencing climate change. Based on the results, increasing financial development, higher energy use, high population and increasing economic growth will generate more CO2 emissions and contribute to climate change. Thus, there are several policies suggested to balance the relationship between financial development and carbon emission levels, which should be considered and implemented by governments and policy makers in order to improve the environmental quality in ASEAN countries. In conclusion, in the five selected ASEAN countries, financial growth plays an important role in highlighting climate change issues. Many past studies have focused on the impacts of renewable energy consumption, population, economic growth and foreign direct investment on climate change. This study narrows the gap that exists in the literature by focusing on financial development, which is able to foster vigorous economic growth, especially in ASEAN countries. Overall, the results from the fixed effects estimates show that financial development is a significant factor and has a positive contribution towards climate change

An empirical analysis of factors affecting renewable energy consumption in association of Southeast Asian Nations-4 countries

This study aimed to explore the determinants of renewable energy consumption in selected Association of Southeast Asian Nations (ASEAN) countries by emphasizing the significant role played by the quality of governance. This paper is classified according to the coverage of three dimensions approach (economic, environment, and governance) for sustainability. This study employed panel data analysis to examine the relationship between GDP, CO2 emissions, foreign direct investment, trade openness, urbanization, and quality of governance on renewable energy consumption in selected ASEAN countries from 1990 to 2016. The results revealed that urbanisation has a significant positive impact on renewable energy based on FMOLS and DOLS analyses while the quality of governance has a significant positive impact on renewable energy based on pooled mean group analysis in the long run. However, GDP and trade openness have a significant negative impact on renewal energy. The elasticity analysis in the short run revealed that none of the factors applied in this study affected renewable energy consumption. Hence, several policies are recommended as an excellent approach to meet the energy demand of private investors and future generations

Climate Change, Environmental Pollution and Covid-19 Pandemic The Triangle Impacts on Mental Health

Converging data have recently received attention due to the linkages between environmental pollution, the COVID-19 pandemic, climate change, as well as mental health. This encourages explored the intricate interplay between climate change, environmental pollution, and the Covid-19 pandemic, shedding light on their collective impacts on global mental health. The empirical evidence presented reveals how climate-induced disasters and pollution exacerbate mental health challenges, while the pandemic's multifaceted effects further compound these burdens. Vulnerable populations, including low-income communities, children, and frontline workers, face disproportionate mental health implications in this context. As the implications of this "triangle impact" become increasingly evident, urgent and comprehensive action is imperative. Policymakers and healthcare practitioners must adopt an integrated approach that incorporates climate adaptation measures, pollution mitigation strategies, and pandemic preparedness efforts to address these complex challenges. Equitable access to mental health services is crucial, recognizing mental well-being as a cornerstone of overall resilience. By fostering collaborative and empathetic action, society can forge a path toward a sustainable and mentally healthy future for all

Covid-19 : analysis on financial wellbeing during the implementation of Movement Control Order in Malaysia

The Malaysian people’s well-being has suffered as a result of COVID-19 pandemic. The welfare of Malaysians has also been impacted by the pandemic, as the Malaysian government has decided to implement Movement Control Orders (MCO) to prevent the virus from spreading throughout the country. Many Malaysian households’ financial well-being has suffered as well due to the crisis consequences. Therefore, this study concentrated on the subjective financial well-being analysis of Malaysians during the implementation of the Movement Control Order (MCO). This is a quantitative study with 293 respondents, 163 of whom were from the B40 group and 130 from the M40 group. The descriptive analysis and Structure Equation Modelling (SEM) technique were used in the data analysis (SEM). The study found that the impact of expenses on financial well-being is greater in the “B40 income group” than in the “M40 income group.” To support the financial well-being of B40 and M40 income groups, the government should implement an effective targeted policies, programmes, and incentives. Following the implementation of MCO in Malaysia, future research should focus on Malaysian households’ financial well-being aspect

Impact of Productivity, Corruption, And Growth On Debt: Evidence from Panel Data Analysis

In a number of nations, the economic uncertainty that began several years ago has manifested its negative effects, and the COVID-19 crisis has exacerbated the situation. Many nations struggle to finance their social and economic public healthcare due to limited resources and fiscal space. In order to save their economies, this has pushed them towards high levels of debt. This study’s objective is to examine the effect of government debt on productivity, GDP growth, tax revenue, and corruption. Panel data analysis was used to identify the significant factors that affect government debt in 16 Western European countries based on their severe subprime crisis in 2008 and sovereign debt in 2009, which fall between the timeframes of this study. The findings revealed that government debt impacts productivity, GDP growth, and corruption. As a result, effective productivity control is critical when dealing with government debt. Efforts to develop world-class human capital, equipped with sophisticated skills or talent management, in order to increase a sector’s income and competitiveness should be aligned with efficient and effective public spending. Public projects must be thoroughly evaluated and monitored in terms of feasibility, economic and social returns. As a consequence, this study suggests that a profound and comprehensive reformation across various sectors in the country is required, particularly through productivity, growth, and corruption, in order to control a country’s debt

Growth slowdowns and role of government linked companies (GLCs) in Malaysia

Growth slowdown is a period of stagnation or recession that represents the substantial deviation of a country due its previous norm in term of interest.It will bring interest to policy makers and usually these slowdowns will bring anxiety to middle income countries.The purpose of this study is to examine growth slowdowns and the role of GLCs in contributing to Malaysia GDP. The structure of the reporting will be based on three main topics, growth slowdowns, GLCs efficiency and relationship existence among technical efficiency and GDP growth.The analysis will firstly look into the growth slowdowns and structural break. Secondly, data envelopment analysis will be used to measure the efficiency and finally Granger causality test were conducted to ensure the relationship among the variables on GDP especially technical efficiency of GLCs

Mobile Banking Usability Evaluation among Deaf: A Review on Financial Technology and Digital Economy Prospects

This study is aimed to explore the dimensions for appropriate deaf people usability evaluation model for M-banking application in order to enhancetheir satisfaction. Through the systematic literature review (SLR) conducted, four dimensions (efficiency, effectiveness, satisfaction and accessibility) have been identified to be appropriate to suit the need of m-banking application usability evaluation especially for the deaf people. Furthermore, innovation and technologies through digital economy are practical and aptly accessible to allows persons who are deaf to fully participate in society, education, and business while also providing prospects for personal and professional advancement. Moreover, this study will be able to provide recommendation to the upper management of Malaysia Banks to concern on mobile services in order to enhance the deaf customers’ satisfaction. Financial and economy implications together with future research suggestions are also discussed in this study

Mobile Banking Usability Evaluation among Deaf: A Review on Financial Technology and Digital Economy Prospects

This study is aimed to explore the dimensions for appropriate deaf people usability evaluation model for M-banking application in order to enhancetheir satisfaction. Through the systematic literature review (SLR) conducted, four dimensions (efficiency, effectiveness, satisfaction and accessibility) have been identified to be appropriate to suit the need of m-banking application usability evaluation especially for the deaf people. Furthermore, innovation and technologies through digital economy are practical and aptly accessible to allows persons who are deaf to fully participate in society, education, and business while also providing prospects for personal and professional advancement. Moreover, this study will be able to provide recommendation to the upper management of Malaysia Banks to concern on mobile services in order to enhance the deaf customers’ satisfaction. Financial and economy implications together with future research suggestions are also discussed in this study.</p