Macroeconomic determinants of corporate failures in Malaysia
This research investigates the long-run dynamic linkages between the corporate failures in Malaysia and selected macroeconomic variables by employing the Autoregressive Distributed Lag (ARDL) bound test, a robust and recent time series technique which is applicable irrespective of whether the regres...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Canadian Center of Science and Education
2008
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| Online Access: | https://repo.uum.edu.my/id/eprint/1827/1/Abd_Halim_%40_Hamilton_Ahmad_....pdf |
| _version_ | 1825739869291282432 |
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| author | Ahmad, Abd Halim @ Hamilton Mohd Daud, Siti Nurazira Mazlan, Ahmad Rizal Marzuki, Ainulashikin |
| author_facet | Ahmad, Abd Halim @ Hamilton Mohd Daud, Siti Nurazira Mazlan, Ahmad Rizal Marzuki, Ainulashikin |
| author_sort | Ahmad, Abd Halim @ Hamilton |
| collection | UUM |
| description | This research investigates the long-run dynamic linkages between the corporate failures in Malaysia and selected macroeconomic variables by employing the Autoregressive Distributed Lag (ARDL) bound test, a robust and recent time series technique which is applicable irrespective of whether the regressors are I(0) or I(1).Corporate failure rate is the ex-ante variable in a linear function model with five explanatory macroeconomic variables. A dummy variable to decipher the corporate failure rates during the Asian financial crisis was also included. The results
show that corporate failure rates in Malaysia are significantly and positively associated with the average lending rate, inflation rate and, gross domestic product (GDP) in the long-run. |
| first_indexed | 2024-07-04T05:16:59Z |
| format | Article |
| id | uum-1827 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:16:59Z |
| publishDate | 2008 |
| publisher | Canadian Center of Science and Education |
| record_format | eprints |
| spelling | uum-18272016-04-26T01:49:02Z https://repo.uum.edu.my/id/eprint/1827/ Macroeconomic determinants of corporate failures in Malaysia Ahmad, Abd Halim @ Hamilton Mohd Daud, Siti Nurazira Mazlan, Ahmad Rizal Marzuki, Ainulashikin HB Economic Theory This research investigates the long-run dynamic linkages between the corporate failures in Malaysia and selected macroeconomic variables by employing the Autoregressive Distributed Lag (ARDL) bound test, a robust and recent time series technique which is applicable irrespective of whether the regressors are I(0) or I(1).Corporate failure rate is the ex-ante variable in a linear function model with five explanatory macroeconomic variables. A dummy variable to decipher the corporate failure rates during the Asian financial crisis was also included. The results show that corporate failure rates in Malaysia are significantly and positively associated with the average lending rate, inflation rate and, gross domestic product (GDP) in the long-run. Canadian Center of Science and Education 2008-03 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/1827/1/Abd_Halim_%40_Hamilton_Ahmad_....pdf Ahmad, Abd Halim @ Hamilton and Mohd Daud, Siti Nurazira and Mazlan, Ahmad Rizal and Marzuki, Ainulashikin (2008) Macroeconomic determinants of corporate failures in Malaysia. International Journal of Business and Management, 3 (3). pp. 3-10. ISSN 1833-3850 http://www.ccsenet.org/journal/index.php/ijbm/article/viewFile/1621/1532 |
| spellingShingle | HB Economic Theory Ahmad, Abd Halim @ Hamilton Mohd Daud, Siti Nurazira Mazlan, Ahmad Rizal Marzuki, Ainulashikin Macroeconomic determinants of corporate failures in Malaysia |
| title | Macroeconomic determinants of corporate failures in Malaysia |
| title_full | Macroeconomic determinants of corporate failures in Malaysia |
| title_fullStr | Macroeconomic determinants of corporate failures in Malaysia |
| title_full_unstemmed | Macroeconomic determinants of corporate failures in Malaysia |
| title_short | Macroeconomic determinants of corporate failures in Malaysia |
| title_sort | macroeconomic determinants of corporate failures in malaysia |
| topic | HB Economic Theory |
| url | https://repo.uum.edu.my/id/eprint/1827/1/Abd_Halim_%40_Hamilton_Ahmad_....pdf |
| work_keys_str_mv | AT ahmadabdhalimhamilton macroeconomicdeterminantsofcorporatefailuresinmalaysia AT mohddaudsitinurazira macroeconomicdeterminantsofcorporatefailuresinmalaysia AT mazlanahmadrizal macroeconomicdeterminantsofcorporatefailuresinmalaysia AT marzukiainulashikin macroeconomicdeterminantsofcorporatefailuresinmalaysia |