Impact of the 2007 financial crisis on the Malaysian banking stocks

The objective of this study is to examine whether the current global financial crisis has impacted the Malaysian banking stocks. The Dow Jones Industrial Average (DJIA) was used as a proxy for the crisis and it was ascertained that there was a strong relationship between the DJIA and the Kuala Lumpur Composite Index (KLCI).Statistical analysis was then performed on the KLCI and selected banking stocks which indicated that there was a strong and positive correlation between the two variables. The findings support the aim of this study - that the 2007-2008 financial crisis has indeed impacted the Malaysian banking stocks

On measures of “useful” information

The quantitative-qualitative measure of information as given by Belis and Guiaşu is additive, the additivity being a modification of the additivity of Shannon's measure with due place for utilities of the scheme in this property. A characterization of Belis and Guiaşu's measure depending upon the additivity postulate has been provided. The additivity can be relaxed, and there can be several ways of choosing a nonadditive law in place of additivity. Starting from a particular type of nonadditivity relation we characterize a measure of nonadditive “useful” information, which may be considered as a quantitative-qualitative measure corresponding to the Havrda-Charvat-Vajda-Daróczy entropy of degree β