36 research outputs found
A Study of investor behavior in purchasing financial assets
This study investigated whether the process of purchasing financial assets follows a rational
decision-making process using Engel-Blackwell-Miniard (EBM) model. The method of
investigation was a questionnaire survey of Malaysian individual investors. The sample
consisted of 223 responses collected through convenience sampling and online survey.
The data was analyzed using factor analysis, reliability analysis, path analysis, and
multivariate analysis of variance. The results show that investors' decision-making process
of purchasing financial assets is in line with a rational decision-making process in EBM
Model. However, the tendency for irrational investment behaviors also exists at the same
time. The findings imply that irrational investment behaviors may still occur even though
the decision-making process is rational. We also found significant differences in the
tendencies for herding, disposition effect and over-confidence based on gender and age
Cross-Border Mergers And Acquisitions (Cbmas): A Review On Top Six Asean Country Cbma Players
Cross-Border Mergers and Acquisitions (CBMAs) are one of the vehicles for Foreign
Direct Investment (FDI) and remain a popular external growth strategies by firms
worldwide. However, World Investment Report 2015 (UNCTAD, 2015) reports a slight
decrease of 16% in global FDI for year 2014. Nevertheless, FDI inflow to emerging
economies especially the Association of Southeast Asian Nations (ASEAN) member
countries increase by 5%. With the intensity of CBMAs in ASEAN member countries, this
paper reviews the six ASEAN member countries which actively involved in CBMAs from
January 2002 to December 2014. Discussion is also centered on how the main research
stream on CBMAs (antecedents, impact of CBMA and determinants of firm performance)
relates to CBMA trends by ASEAN member countries. Corporate governance spillover
hypothesis is anticipated to explain the CBMA motivations of the ASEAN firms and also
the variation in ASEAN firms' performance following CBMAs
The Effect Of Investor Sentiment On Stock Returns: Insight From Emerging Asian Markets
This paper investigates the link between investor sentiment and stock returns in emerging
Asian markets. Two dimensions of sentiment are examined: stock specific sentiment and
market wide sentiment. Using panel regression with firm fixed effects, we show that stock
specific sentiment strongly and positively affects stock returns after controlling for firm
characteristics. Overall, there is a positive relationship between market wide sentiment and
returns but the relationship does not hold at the country level. For individual countries, we
detect substantial country-to-country variations in the influence of market wide sentiment
on returns. The evidence also suggests that stock specific sentiment may have a greater
influence on returns than market specific sentiment. Furthermore, the effect of investor
sentiment on stock returns in emerging Asian markets generally persists after accounting
for macroeconomic factors
Meaning reconstruction of mentality among villagers toward using medications: a qualitative study
Medicine and Treatment is a commodity. Medicine consumption and visiting the specialist doctor is one of the issues in Iran that can be surveyed in medical sociology area. In recent years, Visiting the specialist doctor and medicine consumption are not just a medical issue, but they are is social and cultural issue that imposes considerable cost on treatment sector. This study aims to study the perception and interpretation of participants of visiting the specialist doctor and medicine consumption. In doing this study, qualitative methodology and ethnography, interview and observation method for collecting the data and grounded theory for final analyses has been used. The Finding includes five themes of changing in rural lifestyle, treatment process in village, rural culture in face of patient, communication culture in village and assessment and main theme in this study is general process of medicine and treatment consumption. The results have shown that medicine and treatment consumption in villages are cultural issues and they are affected by rural changing lifestyle and lack of clear path for treatment and correct consumption of medicine. Villagers assessing visiting the specialist doctor as kind of pride and they see it as respectfulness for patient. Changing the doctor sequentially by others advice and using the others experiences are very important for them and visiting the famous hospitals in mega-cities and even buying the foreign medicine causes pride. Then it can be said that this is a cultural and social problem that causes negative consequences for society
Analysis of Mispronunciation of Makhārij Al-Hurūf in Arabic Hiwār Learning
This research aims to identify the locations of mispronunciations of the makhārij al-hurūf in conversations (hiwār) in the VII PPS Babussalam class in the city of Bandung. Additionally, it serves as an evaluation tool for Arabic language learning to improve the learning process and provide solutions or treatments to students to enhance their makhārij al-hurūf pronunciation. Correcting makhārij al-hurūf errors is crucial as they can affect the meaning. This research utilizes a qualitative descriptive research method. The population of this research includes all the students in the VII PPS Babussalam class in the city of Bandung, and it was conducted on May 17, 2023, at the VII PPS Babussalam class in Bandung. Data collection involved interviews, tests, and documentation, followed by analyzing all data in narrative form. Based on the research findings, it can be concluded that there are 426 mispronunciations of makhārij al-hurūf in the hiwār in the VII PPS Babussalam class in Bandung. These errors include mispronunciations in Al-Jauf (Mouth Cavity), totaling three errors with a percentage of 0.70%, falling into the deficient category; mispronunciations in Al-halq (Throat), totaling 204 errors with a percentage of 47.89%; falling into the high category; mispronunciations in al-lisān (Tongue), totaling 171 errors with a percentage of 40.14%, also falling into the high category; mispronunciations in al-syafatain (Two Lips), totaling 35 errors with a percentage of 8.22%, falling into the low category; and mispronunciations in Al-Khaiysyum (Nasal Cavity), totaling 13 errors with a percentage of 3.05%, falling into the low category. These pronunciation errors occur due to the student's lack of understanding of the correct makhārij al-hurūf pronunciation, such as not being aware of the pronunciation differences between Indonesian and Arabic, the absence of specific attention from teachers to correct each student's pronunciation, and the lack of practice. This study recommends further research in analyzing the mispronunciation of makhārij al-hurūf letters with different research objects, namely the mispronunciation of makhārij al-hurūf letters in Arabic news
Attorney’s character virtues in the interaction with the principal in the course of divorcement
Introduction: The growth in such a phenomenon as divorcement has doubled the necessity of doing research thereon from various perspectives. Although numerous factors are involved in a divorcement process and they have been dealt with in the related studies, it appears that the role of the attorney as an influential factor has been considered to a lesser degree. In this study, the process of the divorcement’s formation and facilitation based on the attorneys’ character virtues has been investigated.
Method: In order to develop theoretical sensitivity, the prior studies were reviewed and the extant and relevant theories were extracted and discussed. Using qualitative method and grounded theory and through subjective and purposive sampling, 18 divorced Yazdi women who had hired lawyers were selected and subjected to deep interviews.
Results: The 5 categories of wisdom, honesty, fairness, Humbleness and Transcendence move the clients' cases towards compromise. The 5 categories of enlightenment, meticulousness, futurisms, social intelligence and effective communication had a dual role. The case, at the discretion of the lawyer and the client, could lead to both compromise and divorce. 5 categories of love for learning, creativity, chivalrousness, stability and leadership also lead to divorce.
Conclusion: Attorneys with character virtues help the client make the most beneficial decision through positive interaction and confidence transfe
An Empirical Test Of Financial Ratios For Malaysian Practice Notes No.4 (PN 4) Sector Companies.
Corporate failures are known to have high economic cost due to its impact on to investors, creditors, auditors, market analysts, loan officer, and also to the management and employees of the affected companies. Due to this reason, a fast and efficient device or model is needed to detect financially distressed companies
Mechanisms of Identity Construction among Members of Pyramid Schemes in Iran: A Critical Ethnography
Whereas the emergence of pyramid schemes exerted considerable impacts on people’s lives, up to now, far too little attention has been paid to the experiences of members from the sociological perspective, particularly in non-Western contexts. Therefore, this study illuminates social processes underlying participation in such schemes in a less studied social setting, Iran. This article also critically traces the social and psychological consequences of membership in pyramid schemes. We adapted a critical ethnographic approach, including participant observation of local branch offices, followed by 16 in-depth interviews with the former members of schemes. Our findings suggest that the practices deployed by the schemes lead to the building of social identity, namely, “superhuman,” mainly based on the misinterpretation of the real world. Finding the reality surrounded deliberately contrasted with the firms’ promises, the constructed identity fails, and members lose their social capital
Earnings management through accretive share buyback and share price return
This study examines the relationship between earnings management through accretive share buyback and share price return of 220 Malaysian listed firms from year 2001 to 2008.The objective of this study is to determine the market behavior on those firms that made good earnings news announcement through accretive share buyback.The
5 days Cumulative Abnormal Return (CAR) result shows that these firms earn positive share price return immediately after the earnings announcement day.Further, the regression result reports on the existence of positive effect of accretive share buyback on share price return.Basically, firms which announce good earnings news by meeting or beating EPS forecast through accretive share buyback earn positive share price return. In sum,
investors reward firms that made positive earnings surprises or good earnings news. The good earnings news announcement is a challenge for firms in the capital market for a positive financial health and future prospect.Earnings management through accretive share buyback plays a role to achieve the good earnings news.This paper contributes on the market behavior or investors reaction on firms that deliver good earnings news through accretive
share buyback