Performance Measures of Competitive and Noncompetitive Companies in Malaysia

This study aims to document the current performance measures used by organizations in Malaysia. The purposes of having performance measures and limitations encountered in implementing their performance measurement systems were also examined. Most of the very competitive organizations achieved all their organisation's goals or objectives compared to the non-competitive organisations. The majority of the organizations irrespective of their competitiveness, were concerned the performance measurement systems in the organizations Cash flow, collection period, payment period, gearing ratio and profitability ratios were frequently used accounting performance measures. Capital utilization, labour productivity, inventory level, schedule adherence and supplier product quality were the more frequently employed performance measures in the production functions. As for the marketing functional area, product quality is the most frequently used measure, followed by the price of the product and number of customer complaints. As the capital investment is concerned, payback was the most widely used performance measure and followed by net present value. Majority of the respondents were satisfied with their existing performance measurement systems. Overall, there are no significant differences in the performance measures used between competitive and non-competitive companies

Board composition, CEO duality and firm performance: Malaysian plantation sector

This paper seeks to examine the roles of independent members on the board and CEO duality on firm performance in Malaysia. Data on 40 Malaysian plantation companies over 2007 and 2010 are used. The result shows that independent directors may not fully understand the operations of their firms since they might not be fully involved in business activities. The findings indicate that a dual leadership structure is more effective with larger board sizes and longer years of operation. In the context of Malaysian plantations, firms should balance their number of outsiders and adopt a CEO duality structure in order to be competitive in facing external threats

Factors influencing the design and use of performance measurement systems in the Malaysian electrical and electronics industry

Data from a questionnaire survey covering 149 electronics and electrical manufacturing companies in Malaysia are used to identify the factors influencing the design and use of performance measurement systems (PMSs). Factor analysis identified organizations’ contextual factors as potential contingency variables that include: (1) two dimensions of organisational profile—company size and ownership types; (2) four dimensions of organisational culture—knowledge and innovation, learning culture, absorptive capability and employee’s understanding and learning; (3) four dimensions of organisation strategy—stakeholder focus, pricing and distribution, marketing segmentation and growth; and (4) four dimensions of technology—information technology and customisation, volume and variety of product and process, information and technological advancement, and product complexity

Reward system and performance within Malaysian manufacturing companies

This study examines the relationship between the reward system and organization’s financial performance. Data is collected through a questionnaire survey covering 105 manufacturing companies in Malaysia. Data gathered is analyzed quantitatively such as linear regression analysis is adopted in order to investigate the interrelationship between research variables. Results and findings of this study include: (1) most of the manufacturing firms provide both monetary and non-monetary rewards; (2) adoption of reward system is not influenced by age and size of the company; (3) negative relationship exists between extrinsic rewards and financial performance of organizations and (4) intrinsic rewards are positively related to financial performance of organizations. This study has provided important information into the implementation of reward system on organization’s performance

The influence of Corporate Social Responsibility (CSR) activities on consumers’ purchasing behavior

The purpose of this paper is to examine the influence of Corporate Social Responsibility (CSR) activities, which include economic, environmental, social, and legal concerns on consumers’ purchasing behavior in the Malaysian context. A questionnaire was developed to collect data from the respondents using snowballing sampling. This research found mixed results in term of significance of the relationships between economic, social, and legal concerns and consumers’ purchasing behavior. Environmental concerns had an insignificant relationship with consumers’ purchasing behavior. The results of this research may help managers in managing their businesses, since a single CSR strategy cannot be competitive for corporations to participate in the current global business environment. The findings may be useful to policymakers as it encourages corporations to engage actively in CSR. The outcome of this research may expand the knowledge base on CSR, since most of the investigations on consumers’ responses to CSR have been limited to a few states in Malaysia

A New Transparent and Secured Transmission Routing Method for Blockchain Data in Management Systems

A significant quantity of information, particularly financial data, has now been growing in accordance with the advancement of information technologies. Due to the prevalence of fraud, it is impossible to identify the data sources for corporate financial data and the applicable employees. There are substantial issues with nonstandard behavior and a lack of critical financial data of these firms, as evidenced by the fact that the majority of employees are not capable of perform appropriate queries on the needed financial statements. It has consistently created financial information management for companies more difficult, posed a risk to the entire company's ecosystem, and hurt the interests of several parties, among other concerns, because many analogous concerns were not satisfactorily addressed. Blockchain has garnered a great deal of attention recently, and Crypto currency and other crypto currencies have gained popularity as a result. This is because of the characteristics of blockchain, like centralized control, confidentiality, truthfulness, and lack of courage, which make data difficult to predict and tamper with. According to current implementation and exploration, blockchain has emerged as a novel solution to issues relating to company financial information management since these features are connected to the data storage privacy and data transfer speed required by this type of management. In order to construct a transparent and secured transmission method for blockchain data, the study deployed blockchain for managing the financial management framework and information processing strategy. In terms of security level, throughput, run time, and scalability, the suggested Blockchain solution is contrasted with existing approaches

Design and Implementation of Enterprise Financial Decision Support System Based on Business Intelligence

Purpose: Business intelligence and decision support systems are now recognized as critical enterprise infrastructure. Data is increasingly being used by business enterprises to react to key operational and strategic operations of their customers, markets, and stakeholders.   Theoretical framework: Business intelligence has advanced as the volume of data generated by smart technologies and the Internet has increased exponentially.   Design/Methodology/Approach: When using AI in the business world, privacy concerns arise when sensitive data is transmitted to a third-party vendor who has no connection to the company. Financial decision support data is managed by these AI service providers. Even while it may seem like a drawback, artificial intelligence technology actually has several advantages.   Findings: The results of this research show that a network can improve the financial management of a corporation. Using many applications of AI technology helps bring down the overall cost of operations. When it comes to financial services, both the number of IT workers needed and the number of necessary pieces of hardware (servers) can be reduced, resulting in a marginal drop in capital expenditures.   Research, Practical & Social implications: When it comes to financial services, both the number of IT workers needed and the number of necessary pieces of hardware (servers) can be reduced, resulting in a marginal drop in capital expenditures. It is now simpler and quicker to get your hands on relevant financial information, which should lead to greater efficiency.   Originality/value: With our proposed approach, the accuracy of financial decision support in company increases to 99.84% from 88.94%, while the implementation time and cost are reduced

The impact of environmental improvements on the financial performance of leading companies listed in Bursa Malaysia

This paper analyses the relationship between environmental improvement and the financial performance of firms on a sample of 78 leading companies listed in Bursa Malaysia. This study uses content analysis to verify the extent of information disclosed and reported by companies. The results indicate that efforts to embrace environmental improvement and activities may help firms gain financially

Sustainability reporting and financial performance of Malaysian Public Listed Companies

Sustainability reporting has become increasingly common in recent years for companies across the globe. It is seen as an approach that can integrate and balance the performance of a business’ economic, environmental and social dimensions. The main issue now is not solely about complying with the mandatory rules or ensuring the company’s reputations, but sustainability to promote efficiency in business and improve productivity. Although sustainability reporting is not a new concept, its implementation is still unsystematic. Management, it appears, is not convinced on the importance of sustainability reporting due to high costs and difficulty of measurements. These have resulted in ignorance, negligence and unsystematic nature of economic, social and environmental reportage on sustainability in Malaysia. Reporting percentage in Malaysia remains very low despite it being ranked the highest in Southeast Asia. Despite the rise in the sustainability reporting globally, there is limited academic research on sustainability reporting in Malaysia while conventional accounting practices somewhat reduced the need for sustainability reporting. This research investigates the relationship between sustainability reporting and financial performance of Malaysian Public Listed Companies. In the summary of findings, the regression results suggest that economic, social and environmental sustainability reporting is positively associated with financial performance measured using Return on Assets and Return on Equity

The impacts of physical, psychological, and environmental factors on employees job satisfaction among public accounting professionals in Malaysia / Sze Yin Koh, Tze San Ong and Adedeji Babatunji Samuel.

The issue of employees’ job satisfaction among public accounting professionals has become a very critical issue for employers as it might affect the quality, productivity, and sustainability of public accounting firms in today’s economy and business environment. Therefore, this research was attempted to provide insights on the variables influencing job satisfaction. Besides that, this research paper was also aimed at exploring whether job satisfaction plays a role in mediating the relationship between the six factors, organizational commitment, and employees’ loyalty. For data collection, a structured questionnaire was developed and a total of 103 responses were received from accountants, auditors, tax advisors, consultants and secretaries. Furthermore, the four step regression analysis was employed in this study in order to evaluate the mediating role of job satisfaction. The results have revealed that all the six variables (remuneration, relations with supervisors & co-workers, job security, job promotion, management/leadership style, and organizational culture) are significant factors in explaining the job satisfaction among public accounting professionals. Moreover, the findings have also shown that job satisfaction significantly mediates not only the relationship between supervisors & co-workers and organizational commitment, but also the relationship between job security and employees’ loyalty. These results have provided insight for public accounting firms in overcoming the issues of job satisfaction among their employees