rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Impacts of derivatives and managerial ownership on the financial performance of Shari'ah compliant firms
  name:
    name part: Zaminor Zamzamir@Zamzamin
    role:
      role term: creator
    role:
      role term: author
  name:
    name part: Razali Haron
    role:
      role term: degree supervisor
  name:
    name part: Zatul Karamah Ahmad Baharul Ulum
    role:
      role term: degree supervisor
  name:
    name part: Anwar Hassan Abdullah Othman
    role:
      role term: degree supervisor
  name:
    name part: International Islamic University Malaysia.|
    name part: Institute of Islamic Banking and Finance.
  genre: Theses, IIUM local
  origin info:
    place:
      place term: my
    date issued: 2021
  language:
    language term: eng
  physical description:
    extent: xvii, 278 leaves : illustrations ; 30 cm.
  abstract: Most of the firms in the U.S, U.K, Australia and other developed countries have been using derivatives as an effective risk management instruments. Despite that, in Malaysia, many firms do not use derivatives as a risk management tool where the financial derivatives trading is low as compared to the neighboring countries as the use of derivatives by Malaysian is not comprehensive, derivatives are deemed to be complex and costly. Due to that, managers in Malaysia do not realise the advantages of taking positions in the derivatives market. Further, the firms are recognised as Shari’ah compliant firms, the risk management is still in the preliminary stage and the use of hedging instrument is found to be limited. This study covers 177 Shari’ah compliant firms that listed on Bursa Malaysia from 2000 to 2017, which 59 firms are the user of derivatives and the rest of 118 firms are non-users of derivatives. This study employs Logit Regression analysis to identify the users and non-users of derivatives. This study also employs the two-stage system GMM estimator for the total derivatives and foreign currency derivatives. While 2SLS GMM employs specifically for interest rate derivatives and commodity derivatives. This study finds Shari’ah compliant firms that are engaged in derivatives users seem to have performed better than non-users. Further, the results show that firm size, firms access to financial market, industry effect, and investment growth are the factors that influencing the decision to Shari’ah compliant firm to use derivatives. While managerial ownership and industrial diversification indicate negatively significant related to the probability of using derivatives. In the second part of analysis, it was extended to the performance context and impact on firms’ performance after the implementation of IFRS disclosure requirement. Using a two-step system GMM, the finding shows that derivatives has positive significant relationship with firm performance. Further, the t…
  note: by Zaminor binti Zamzamir@Zamzamin
  note: Abstracts in English and Arabic.
  note: "A thesis submitted in fulfilment of the requirement for the degree of Doctor of Philosophy in Islamic Banking and Finance." --On title page.
  note: Thesis (Ph.D)--International Islamic University Malaysia, 2021.
  note: Includes bibliographical references (leaves 239-254).
  subject:
    geographic code: a-my---
  subject:
    topic: Business enterprises
    topic: Religious aspects
    topic: Islam
  classification: BPH461
  identifier: http://studentrepo.iium.edu.my/handle/123456789/10977
  record info:
    record content source: UAIM
    record creation date: 220418
    language of cataloging:
      language term: eng