The impact of capital investment on working capital management

This study investigates the impact of capital investment (CI) on net liquidity balance (NLB) as well as working capital requirement (WCR) that measures working capital management (WCM) in Malaysia‟s technology sector. It is contended among the financial researchers that WCM effectiveness could be increased through wise decision and monitoring of the CI. CI offers organization enormous opportunity and benefit to increase the future profitability and capitalize the growth opportunities. However, the previous literatures have not adequately addressed the dependency of NLB and WCR on CI in Malaysia, especially technology sector. Technology sector activity receives strong support and encouragement from government agencies which at the same encounter funding limitations. The objectives of the study were addressed based on panel data collected from annual financial reports of technology sector firms in Malaysia which are listed on the main board of Bursa Malaysia covering from the year 2007 to 2011. First, the study suggests that CI and WCM have negative relationship that contributes to the existing study based on liquidity-profitability theory. Second, the findings demonstrate that NLB is negatively dependent on CI since technology firms has high tendency on operating the WCR. Finally, positive impact of CI on WCR signifies that firms with CI promotes more on WCR to ascertain the firm‟s liquidity level and simultaneously create value from liquid assets. The finding indicates that WCM is dependent on CI in Malaysia‟s technology sector as short-term financial management is a result of long-term investment decision. Practical implications suggested that understanding on the impact of CI on WCM in the technology sector in Malaysia will enlighten the financial manager‟s burden during the decision making process between WCR and NLB. This eventually contributes to the nation‟s growth by means of CI to capitalize future profitability in the technology sector

Capital structure, capital investment and profitability among Malaysian listed firms

Capital investments are referred as a critical managerial decision on firm's fixed asset for generating profitability. However, the empirical finding shows that not every capital investment has a significant positive effect on profitability. Literature indicates mixed results of examining the capital investment relationship with firm's profitability, which vary in respects to the debt structure. On the other hand, strong government reinforcement has pushed Malaysia up as one of the top ten countries with robust private capital investment in the year 2004. Since the capital investments are typically irreversible and hypothesized as profit generator, the first aim of this study is to examine the effect of the capital investment on the firm's profitability across firms and sectors. The second aim is to examine the moderating effect of capital structure on the relationship between capital investment and profitability across firms and sectors. This study utilized pooled ordinary least squares and fixed effect analysis across 708 non-financial Malaysian listed firms. The unbalanced datasets for the period 2001 to 2015 were employed to check the robustness of these results. This study suggested that capital investment has a strong significant positive effect on profitability measurements across Malaysian listed firms in non-financial sectors. On the other hand, the significant negative moderating effect of capital structure on the relationship between capital investment and return on capital across Malaysian listed firms reflected the perspective of empire building theory. In addition, the independent sample test engaged across sectors affirmed that moderating effect of capital structure are different across sectors. Thus, this study concluded the existence of moderating effect of capital structure on the relationship between capital investment and profitability. This study addressed the knowledge gap on the moderating effect of capital structure based on empire building theory

Capital structure, capital investment and profitability among malaysian listed firms

Capital investments are referred as a critical managerial decision on firm's fixed asset for generating profitability. However, the empirical finding shows that not every capital investment has a significant positive effect on profitability. Literature indicates mixed results of examining the capital investment relationship with firm's profitability, which vary in respects to the debt structure. On the other hand, strong government reinforcement has pushed Malaysia up as one of the top ten countries with robust private capital investment in the year 2004. Since the capital investments are typically irreversible and hypothesized as profit’s generator, the first aim of this study is to examine the effect of the capital investment on the firm's profitability across firms and sectors. The second aim is to examine the moderating effect of capital structure on the relationship between capital investment and profitability across firms and sectors. This study utilized pooled ordinary least squares and fixed effect analysis across 708 non-financial Malaysian listed firms. The unbalanced datasets for the period 2001 to 2015 were employed to check the robustness of these results. This study suggested that capital investment has strong significant positive effect on profitability measurements across Malaysian listed firms in non-financial sectors. On the other hand, the significant negative moderating effect of capital structure on the relationship between capital investment and return on capital across Malaysian listed firms reflected the perspective of empire building theory. In addition, the independent sample test engaged across sectors affirmed that moderating effect of capital structure are different across sectors. Thus, this study concluded the existence of moderating effect of capital structure on the relationship between capital investment and profitability. This study addressed the knowledge gap on the moderating effect of capital structure based on empire building theory

Scientific Mapping of Industry 4.0 Research:A Bibliometric Analysis

The fourth industrial revolution is progressing very rapidly. This research aims to investigate the research patterns and trends of industry 4.0 research with a focus on manufacturing. This bibliometric analysis is performed on data of the past five years (2016 to 2020) retrieved from the Scopus database. This research is conducted on 1426 articles in which the top productive countries, authors, institutions, and most cited articles were investigated. Findings demonstrated that Italy, the United States, and China are the most active countries in terms of research publications. South China University of Technology (China) has been identified as the most productive institution.  Wan, J., Li, D., Rauch, E. were found to be the most productive authors. Industry 4.0 is primarily focused on the fields of engineering and computer science and sustainability is the most prolific journal. Co-occurrence analysis of keywords, co-authorship analysis of authors and countries were carried out along with bibliographic coupling of documents using VoS viewer which is the most common information visualisation software. This article summarises the growth of Industry 4.0 in the past five years and gives a short overview of the related works and applications of Industry 4.0.</p

Cybersecurity Challenges and Solutions in the Fintech Mobile App Ecosystem

The rapid growth of the fintech industry, driven by the proliferation of mobile applications, has revolutionized financial services, providing unprecedented convenience to users. However, this innovation comes with inherent cybersecurity challenges that demand rigorous attention. This study delves into the complex and ever-evolving landscape of cybersecurity within the fintech mobile app ecosystem, aiming to identify challenges and present viable solutions. Cybersecurity threats in the fintech mobile app ecosystem encompass a broad spectrum, including data breaches, malware attacks, phishing schemes, and identity theft. As fintech apps handle sensitive financial data and transactions, they are prime targets for malicious actors seeking financial gain. To address these threats, this research examines current cybersecurity strategies and emerging technologies, such as advanced encryption, biometric authentication, and AI-driven anomaly detection. Furthermore, regulatory frameworks and industry standards play a crucial role in shaping cybersecurity practices within fintech. This study assesses the impact of compliance requirements on fintech companies and their ability to protect user data. Real-world case studies and incident analyses provide valuable insights into the consequences of cybersecurity breaches in this sector. Ultimately, this research aims to contribute to a comprehensive understanding of the multifaceted cybersecurity challenges faced by the fintech mobile app ecosystem and offers practical recommendations for fintech firms, regulators, and cybersecurity professionals to enhance security measures. Strengthening the security foundation is paramount to sustaining user trust, fostering continued innovation, and securing the future of mobile fintech

A review on the relationship of capital investment and future earning

Studies in early phase of capital investment are focused towards the investment decision and appraisal due to considerable controversy on, whether Net Present Value or Internal Rate of Return will essentially maximize the shareholder’s wealth. Later, capital investment is referred as crucial managerial decision in generating future benefit that eventually increases the national economy based on traditional capital investment dynamics. However, empirical findings show that not every capital investment announcement has significant positive relationship with future earnings. Literature reviews indicate mixed result of capital investment relationship with firm’s future earning, which varies according to the level of capital investment and financing. Review furthermore explains that capital investments are projected for other reasons despite future earning such as obligatory by government body. Based on the review, this study recognizes the need to understand the unique behavior of capital investment in various sectors in generating future earnings by looking at linearity level, effect capital investment on profitability and stock return

Information and Communication Technology-Based Education Planning and Attitude of College Students

The ubiquity of Information and Communication Technology (ICT) in every school framework in the world has become a trend. With ASEAN integration problems in 2015, can fresh and younger HEI's and their students cope with this trend? The goal of this analysis is to decide the preparedness and role of new HEI students in the field of ICT education. In this study a concise template utilizing a researcher-made questionnaire (α=.971) was used. The research findings show that students at college have a optimistic declaration ('agreement') on ICT use in education (x=3.71; S=.75). This was also shown that sex greatly affects the mindset of students (z=3.91, p=.00), where male attitudes are higher (x=3.91) than female attitudes (x=3.61). Moreover, it demonstrates that preparedness for ICT in general has little to do with the mindset of students towards the usage of ICT in school. Nonetheless, there is a important marginal positive association between ICT access and an attitude of significance to 0.05 (r=.15; p=.002; single-tailed), which suggests that the more a student gets introduced to ICT, the more he develops his attitude to ICT education. It was believed that ICT-based curriculum can be readily adopted and modified for the next several years by complete ICT adoption as the current educational framework. Current and younger HEIs will also spend more in ICT Accessibility and Connectivity to further boost ICT-based awareness and preparedness