2018http://unisep.lib.unishams.edu.my/xmlui/handle/123456789/69702024-03-29T07:35:50Z2024-03-29T07:35:50ZEffect of Leverage and Selected Control Variables on Performance of Firms Listed on Bursa MalaysiaRahayati binti Ahmad, Dr.Ahmad Audu MaiyakiMohd Yusoff, Dr.http://unisep.lib.unishams.edu.my/xmlui/handle/123456789/125882020-02-15T03:38:10Z2013-01-01T00:00:00ZEffect of Leverage and Selected Control Variables on Performance of Firms Listed on Bursa Malaysia
Rahayati binti Ahmad, Dr.; Ahmad Audu Maiyaki; Mohd Yusoff, Dr.
The study focus on the effect of leverage, size, liquidity, market-risk and market-to-book
ratio on the return-on-asset (ROA) of firms listed on Bursa Malaysia. Based on the existing literature, a conceptual model was developed to test the relationships of the variables under investigation. Data from 903 companies were used for analysis. Subsequently, both descriptive and inferential statistics were employed. For testing the research hypotheses, hierarchical regression was used. The results showed that leverage, size, liquidity, market-risk and market-to-book ratio jointly explained 22.9% variance in the level of ROA. All the variables except size have significant unique contribution in influencing the dependent variable - ROA. It was recommended that the
policy makers of firm should not underestimate the effect of leverage on performance in strategic business decisions. Finally,the theoretical implications, limitations and directions for future studies were highlighted.
2013-01-01T00:00:00ZThe Relationship between Leverage And Financial Performance.Rahayati binti Ahmad, Dr.Mohd Yussoff, Dr.Tengku Mohd Khairal Abdullah bin Tengku Haris, Dr.http://unisep.lib.unishams.edu.my/xmlui/handle/123456789/125872020-02-15T03:38:39Z2012-01-01T00:00:00ZThe Relationship between Leverage And Financial Performance.
Rahayati binti Ahmad, Dr.; Mohd Yussoff, Dr.; Tengku Mohd Khairal Abdullah bin Tengku Haris, Dr.
Shariah compliant securities become popular among investors nowadays because they found that these securities are more ethical stance and transparent over product profitability activities. This paper study on the influences of debt toward financial performance of shariah compliant companies which listed under Kuala Lumpur Shariah Index of Bursa Malaysia from the year 2006 until 2010. We found that Shariah Compliant Companies performance are influence by leverage ratio when Debt ratio and Long term debt ratio showed a significant negative relationship with performance proxy by profitability. In order to sustain the level of companies performance the managers need to reduce the level of debt financing so that the company will not suffer a high financial risk. Generally, 78% of the shariah compliant securities have an ideal debt ratio around 0% - 33%. However, 22% of shariah compliant companies have more that 34% debt ratio which is not healthy for the companies in the long run. Industrial product market sectors have the highest percentage of leverage level at 27% follow by consumer product at 26% and trading and services (16%). Therefore there are needs to overcome the leverage problem among shariah compliant companies in order to improve the performance of shariah compliant securities to be listed in KLSI in the future
2012-01-01T00:00:00ZAre the Syariah Compliant Companies Performance Influenced by Leverage?Rahayati binti Ahmad, Dr.Mohd bin Yusoff, Dr.Tengku Mohd Khairal Abdullah bin Tengku Haris, Dr.http://unisep.lib.unishams.edu.my/xmlui/handle/123456789/125862020-02-15T03:39:03Z2012-09-11T00:00:00ZAre the Syariah Compliant Companies Performance Influenced by Leverage?
Rahayati binti Ahmad, Dr.; Mohd bin Yusoff, Dr.; Tengku Mohd Khairal Abdullah bin Tengku Haris, Dr.
Shariah compliant securities have become popular among investors nowadays because these securities are found to be more ethical stance and transparent over product profitability activities. This paper studies on the influences of debt toward financial performance of shariah compliant companies which are listed under Kuala Lumpur Shariah Index of Bursa Malaysia from the year 2006 to 2010. It was found that Shariah Compliant Companies’ performance are influenced by leverage ratio as Debt ratio and Long term debt ratio showed a significant negative relationship with performance proxy by EPS. In order to sustain the level of companies’ performance the managers need to reduce the level of debt financing so that the company will not suffer a high financial risk. Generally, 38.1%. of the shariah compliant securities have an ideal debt ratio around 17% - 33%. However, 24.1% of shariah compliant companies have more that 34% debt ratio which is not healthy for the companies in the long run. Industrial product market sectors have the highest percentage of leverage level at 28% followed by consumer product at 20.6% and trading and services. Therefore there are needs to overcome the problem in order to improve the performance of shariah compliant securities to be listed in KLSI in the future.
2012-09-11T00:00:00ZHow Far the Shariah Compliant Requirement Affects Accounting Practices and the Accountancy Profession in Malaysia?Rahayati binti Ahmad, Dr.Syahiza binti Arsad, Dr.http://unisep.lib.unishams.edu.my/xmlui/handle/123456789/125852020-02-15T03:39:43Z2011-04-01T00:00:00ZHow Far the Shariah Compliant Requirement Affects Accounting Practices and the Accountancy Profession in Malaysia?
Rahayati binti Ahmad, Dr.; Syahiza binti Arsad, Dr.
Based on library work, literature and some primary surveys of opinion data, this article is written
focusing on how far the Shariah Compliant requirements affect accounting practices and the
accountancy profession in Malaysia. This article also identified several issues and challenges faced
by accountants when their company has been classified as a Shariah Approved Company (ShAC)
by Bursa Malaysia. In this article, several basic Shariah principles and voluntary disclosure by
ShAC are highlighted to justify the information needed by the users. The main issue in this article is
mostly related to the role of accountants in preparing financial reporting to be more Islamic,
effective, complete and fair to the users.
Consolation Prize winner
2011-04-01T00:00:00Z