Threat of bankruptcy and the integrity of financial statement by Omar, Normah, Johar, Zulaikha Amirah, Hasnan, Suhaily

“…Financial statement fraud involves the manipulation of financial accounts by overstating assets, sales and profit, understating liabilities and expenses.One of the causes of financial statement fraud is due to threat of bankruptcy. This study explores the effectiveness of Altman Z-Score in predicting the occurrence of financial statement fraud.This study makes a comparison between non-fraudulent companies and fraudulent companies.The sample of non-fraudulent companies is selected from small market capitalization companies in Malaysia.Meanwhile, the sample for fraudulent companies is selected from companies which were charged by the Securities Commission for falsifying financial statements.The result shows that fraudulent companies display sign of bankruptcy before it is charged with falsification of financial statement fraud.…”
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Logistic regression analysis in personal loan bankruptcy by Abdul Karim, Siti Mursyida, Abd. Rahman, Haliza

“…Personal loan bankruptcy is defined as a person who had been declared as a bankrupt due to failure to repay their personal loan. …”
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Examining and validating a bankruptcy prediction models in Malaysia by Bakar, Suzaida, Ting, Irene Wei Kiong, Md Nassir, Annuar

“…Finally, the results of this study could also be applicable to business and investor's decision making contexts other than the bankruptcy prediction model.…”
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Bankruptcy law and practice in malaysia, and its relevance to tax claims by Das, V.

“…This paper nakes a modest attempt to give an outline of bankruptcy and its application in Malaysia. The aim is to provide a general concept of bankruptcy law and its implications on per~n and property concerned. …”
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Urban household credit card debt behaviour in East Malaysia: a conceptual framework by Nur Shahirah Azman, Aminah Shari, Haneffa Muchlis Gazali, Mohamad Azmi Abdullah, Najwa Mohd Khalil

Subjects: “…Loans Including credit institutions, credit instruments, consumer credit, bankruptcy…”
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Differences in financial information and financial status among Malaysian bankrupts by Othman, Mohd Amim, Abdul Rahim @ Abdul Wahab, Husniyah, Sabri, Mohamad Fazli

“…This paper reveals the profile of bankrupts, sources of bankruptcy, types of loans leading to bankruptcy and the financial status of individuals before bankruptcy. …”
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A comparison of understanding Islamic debt concept among academic and administrative staff at Universiti Teknologi Mara (UiTM), Malaysia by Jusoh, Mohd Kamal Azman, Awang, Mohd Daud, Abdullah, Atikullah

“…The majority of 72.74% are male employees, while only 27.26% are female employees. The existence of bankruptcy cases not only has tarnished the image of the public sector, but it also greatly affects the individuals involved. …”
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The impact of latest product features advanced technology on intention to purchase Android smartphones users by W. Muhamad Radzia, Wan Norsyafawati, Md. Isa, Evawaynie Valquis, Abd. Rashid, Intan Maizura, Abu Samah, Irza Hanie, Ramlan, Sayang Nurshahrizleen

“…The concept of purchasing power coincides an individual needs and identify his or her ability to purchase the goods and prevent bankruptcy in the future. Consumers would like to obtain a unique feature of products but in reality, their monthly salary forces them to control their spending in order to purchase an Android smartphone. …”

Liquidator's duties in the rehabilitation of abandoned housing projects in peninsular Malaysia: A legal analysis by Md Dahlan, Nuarrual Hilal

“…This paper finds that, it is arguable that the liquidator is duty bound to undertake rehabilitation of abandoned housing projects and to protect the rights arid interests of the aggrieved purchasers.There is no decisive case law in Malaysia that holds that the liquidator is statutorily responsible to rehabilitate abandoned housing projects and protect the rights and interests of the purchasers.The position of the liquidator is unlike the position of the trustee in bankruptcy, where the latter is obliged to act on behalf of the bankrupt person in executing and implementing the bankrupt persons' responsibilities towards any interested persons.This paper analyses the statutory provisions and the case law concerning The liquidator's duties as available under the Companies Act 1965 and the case law in Malaysia.It further emphasizes the lacunae in the law concerning the duty of the liquidator in dealing with the issue of rehabilitating abandoned housing projects and protecting the rights and interests of the purchasers. …”
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An examination on audit tenure, auditor size, independence of audit committee and the issuance of going concern opinion by Shafie, Rohami, Md Yusof, Mohd 'Atef, Md Hussain, Md Hairi

“…Mandatory audit rotation debates come from the arguments that long audit tenure would create costly relationship between auditors and clients and thus would lead to audit failure such as in the case of bankruptcy. Therefore, this study attempts to investigate the situation in Malaysia whereby no empirical study using archival data has been done. …”
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Legal protection of the rights of workers to the termination of working relationship to the bankcruptcy company by Hasan, Hasbi, Sulhan, Sulhan

“…Not to mention, do not understand and the power of laborers in doing lawsuit status of their legal rights.On the other hand, this problem is contrary to the protection of workers’ rights guaranteed in the life of the nation and the state (Constitution) and the Law No.13 on Employment as a guide for workers, and Law No.37 of 2004 on Bankruptcy and Suspension of Payment Obligations.Methodology - This paper uses normative legal research method. …”
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Understanding of maslaha and maqasid al-shariah concepts on Islamic banking operations in Malaysia by Awang, Mohd Daud, Asutay, Mehmet, Jusoh, Mohd Kamal Azman

“…However, some researchers argued that Maslaha and al-Maqasid, in the recent financial issues have shown that there might be negative implications on individuals such as bankruptcy and family financial problems based on some Islamic debt products and services. …”
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A conceptual model to identify illegal activities on the bitcoin system by Al-Hashedi, Khaled Gubran, Magalingam, Pritheega, Maarop, Nurazean, Samy, Ganthan Narayana, Abdul Manaf, Azizah

“…Recently, several Bitcoin users and institutions have confirmed that thousands of Bitcoins were lost due to the failure to implement a fraud detection system, causing significant damage to individuals or institutions and resulting in bankruptcy. The anonymous nature of the Bitcoin system makes it a desirable option for malicious people to carry out illegal activities, making it difficult for law enforcement to detect suspicious behavior and making the current fraud detection techniques impractical. …”

The effect of audit firm tenure and audit firm switching on auditor reporting quality: The case of going concern opinion by Shafie, Rohami, Md Yusof, Mohd 'Atef, Md Hussain, Md Hairi

“…Mandatory audit rotation debates come from the arguments that long audit tenure would create cosy relationship between auditors and clients and thus would lead to audit reporting failure such as in the case of bankruptcy. Therefore, this study attempts to investigate the situation in Malaysia whereby no empirical study using archival data has been done Specifically, the current study examines the impact of audit tenure on the issuance of going concern opinion. …”
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Compliance of audit requirements by public listed companies in Malaysia capital markets by Sweity, Rami M A, Yeon, Asmah Laili

“…Purpose - In recent years, the corporate governance has become a subject of concern by many stakeholders and emphasis has been laid on the roles of Audit Committees to ensure the quality of financial reporting and compliance of audit requirements by the public listed companies (PLCs).Over the years poor corporate governance (CG) has been widely and frequently reported as a major factor that led to the 1997 Asian crisis, and numerous organisations have claimed that it was the main cause indeed (Nam, 2004).The World Bank claimed that poor CG within the Eastern Asian countries is attributed to a lack of an effective board of directors, inadequate internal control, unreliable financial statements, absence of sufficient information, poor compliance, and a lack of effective audit system (World Bank, 1998).The challenges mentioned have led to huge losses and poorly estimated liabilities.However, the regulatory bodies in charge of monitoring as well as controlling the affairs have failed to identify these weaknesses and to put in corrective measures.Malaysia was also hard hit by the Asian economic crisis that impacted the region in 1997.Corporate sector weaknesses and poor CG were considered important causes of the crisis (Khatri, Leruth & Piesse, 2002).The companies affected were in financial distress and had to seek protection under a winding up/bankruptcy protection.According Abdul Rahman et al (2007), as a result of the advents of the meltdown, the government of Malaysia saw the need to keep the standard of CG in all companies to regain and re-secure investors’ interest and confidence.As a result, the Malaysian Code of Corporate Governance (MCCG) is introduced (HLFC, 2000) and the Bursa Malaysia strengthen their Listing Requirements and best practice efforts is been practised in PLCs.One of the principles in the MCCG, Bursa Malaysia Listing Requirements is concerning the requirements of audit practises among the PLCs.In light of the above discussion, this paper focuses on the issue of compliance of audit requirements by the PLCs in Malaysia Capital Markets.…”
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Determinants of financial well-being among young employees in Malaysia by Sabri, Mohamad Fazli, Zakaria, Nurul Farhana, Abdul Rahim @ Abdul Wahab, Husniyah, Othman, Mohd Amim

“…By understanding more about the factors that hindering and promoting the financial well-being, it is hoped to help young employees to become financial prudence and in the long-run could decrease the number of young employees declared bankruptcy.…”
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Quality of information and SME financial structure: Malaysian evidence by Abdul Rahman, Azhar, Masor, A. Nurhayati, Hamdan, Mohd Diah

“…Generally, capital structure of a firm may consist of equity or debt or a combination of debt and equity.Modigliani and Miller (1958) argues that, in a ‘perfect’ world, the choice between equity and debt is irrelevant.When taxes and other market imperfections are introduced, only a single optimal financial structure is available, because firms will increase debt financing until the advantage of tax deductibility of interest expenses is counterbalanced by the disadvantages of other market imperfections such as bankruptcy costs (i.e. trade-off theory-TOT).On the other hand, Pecking-order theory (POT), as proposed by Myers (1984) and Myers and Majluf (1984), is based on the assumption that inside management is better informed of the true value of the firm than outside investors.Managers will prefer those sources of funds that are less vulnerable to undervaluation resulting from information asymmetries. …”
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Entrepreneurial Competencies and Networks in the Construction Industry by Puteri Fadzline, Muhamad Tamyez, Nazaruddin, Ishak, Juhary, Ali, Safiynaz, Omar

“…Although some studies have shown that the failure rate and bankruptcies among the construction firms are high. One of the critical issues facing the construction industry in Malaysia is to ensure that the industry can attain and able to sustain the anticipated growth. …”
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