On 2 January 2007, the Indonesia Stock Exchange (IDX) implements a new tick size of Rp1 in addition to the extant Rp5, Rp10, Rp25 and Rp50 tick sizes. This research investigates the impact of tick size reduction on stock price efficiency and execution cost. The microstructure effect of the new...

Prior studies testing the relationship between initial public offering (IPO) returns and liquidity are mostly for the developed markets. The disperse ownership in the corporation and more well informed investors in the developed markets support their findings. On the other hand, the nature and...

The study investigates the inter-relationship between executive compensation, earnings management and over investment. Using a sample of 196 Malaysian public listed firms, the findings show a positive endogenous relationship between executive compensation and over investment. Measuring equity...

This paper aims to explore the dynamic interaction between the real sector and the financial sector in Malaysia during the period 1986:1 to 2011:4, a period in which the global crisis have been felt. The parsimonious error-correction model (PECM) is used to examine the significant role of...

This paper examines the level of intellectual capital (IC) performance of listed banks in Arab Gulf Cooperation Council (GCC) countries using VAIC methodology and investigates the hypothesised impact of several corporate governance variables, bank specific characteristics and banking industry...

This paper aims to explore the dynamic interaction between the real sector and the financial sector in Malaysia during the period 1986:1 to 2011:4, a period in which the global crisis have been felt. The parsimonious error-correction model (PECM) is used to examine the significant role of...

Innovating from Chan and Fong (2000), this paper decomposes order imbalance into foreign and domestic order imbalances. Foreign and domestic order imbalances significantly affect the daily variation of returns in the Indonesian Market. The impact of foreign order imbalance is more pronounced in...

The importance of government bonds in covering shortages in a government’s budget is inseparable from the market players’ role in the government bond market. In this study, we examine whether institutional investors’ behaviour had causal effects on the government bond market...

This paper investigates the performance of information technology (IT) investments in a sample of 15 Tunisian banks over the period 1998–2009. We employ the standard Stochastic Frontier Approach on panel data to generate estimates of cost efficiencies. The study is enhanced by a comparison...

The newly issued IFRIC 15 Agreements for the Construction of Real Estate are likely to cause Malaysian property developers to change their revenue recognition policy from a stage-of-completion basis (accelerated) to a completion basis (conservative). In the US, consistent with the approach taken...