The determinants of financial development in Malaysia : A panel data analysis

This study aims to investigate the factors that influence the financial development in Malaysia. A panel data was used in this study with 10 companies' annual data listed in Bursa Malaysia from 2006 to 2015. The dependent variables of this study is financial development while the independent va...

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Main Author:	Chung, Syn Pui
Format:	Thesis
Language:	English English
Published:	2016
Subjects:	HG4001-4285 Finance management Business finance Corporation finance
Online Access:	https://eprints.ums.edu.my/id/eprint/37638/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/37638/2/FULLTEXT.pdf
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id	my-ums-ep.37638
record_format	uketd_dc
spelling	my-ums-ep.376382023-11-24T06:54:51Z The determinants of financial development in Malaysia : A panel data analysis 2016 Chung, Syn Pui HG4001-4285 Finance management. Business finance. Corporation finance This study aims to investigate the factors that influence the financial development in Malaysia. A panel data was used in this study with 10 companies' annual data listed in Bursa Malaysia from 2006 to 2015. The dependent variables of this study is financial development while the independent variables are non-performing loans, financial structure, inflation rate, saving rate, foreign direct investment, and liquidity illusion. Analysis of panel data method include unit root test, correlation analysis, and panel regression model (Random Effects Model) are employed in this study. The results of the analysis indicated that non-performing loans and saving rate have a significant negative relationship with the financial development while financial structure and foreign direct investment provided an insignificant positive relationship with financial development. Other than that, inflation rate and liquidity illusion showed an insignificant negative relationship with financial development. Financial structure of firm is the most influential variable that affect financial development. The findings of this study are consistent with previous study on financial development. In a nutshell, a further study can be done in order to improve the study. 2016 Thesis https://eprints.ums.edu.my/id/eprint/37638/ https://eprints.ums.edu.my/id/eprint/37638/1/24%20PAGES.pdf text en public https://eprints.ums.edu.my/id/eprint/37638/2/FULLTEXT.pdf text en validuser masters Universiti Malaysia Sabah Fakulti Perniagaan, Ekonomi dan Perakaunan
institution	Universiti Malaysia Sabah
collection	UMS Institutional Repository
language	English English
topic	HG4001-4285 Finance management Business finance Corporation finance
spellingShingle	HG4001-4285 Finance management Business finance Corporation finance Chung, Syn Pui The determinants of financial development in Malaysia : A panel data analysis
description	This study aims to investigate the factors that influence the financial development in Malaysia. A panel data was used in this study with 10 companies' annual data listed in Bursa Malaysia from 2006 to 2015. The dependent variables of this study is financial development while the independent variables are non-performing loans, financial structure, inflation rate, saving rate, foreign direct investment, and liquidity illusion. Analysis of panel data method include unit root test, correlation analysis, and panel regression model (Random Effects Model) are employed in this study. The results of the analysis indicated that non-performing loans and saving rate have a significant negative relationship with the financial development while financial structure and foreign direct investment provided an insignificant positive relationship with financial development. Other than that, inflation rate and liquidity illusion showed an insignificant negative relationship with financial development. Financial structure of firm is the most influential variable that affect financial development. The findings of this study are consistent with previous study on financial development. In a nutshell, a further study can be done in order to improve the study.
format	Thesis
qualification_level	Master's degree
author	Chung, Syn Pui
author_facet	Chung, Syn Pui
author_sort	Chung, Syn Pui
title	The determinants of financial development in Malaysia : A panel data analysis
title_short	The determinants of financial development in Malaysia : A panel data analysis
title_full	The determinants of financial development in Malaysia : A panel data analysis
title_fullStr	The determinants of financial development in Malaysia : A panel data analysis
title_full_unstemmed	The determinants of financial development in Malaysia : A panel data analysis
title_sort	determinants of financial development in malaysia : a panel data analysis
granting_institution	Universiti Malaysia Sabah
granting_department	Fakulti Perniagaan, Ekonomi dan Perakaunan
publishDate	2016
url	https://eprints.ums.edu.my/id/eprint/37638/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/37638/2/FULLTEXT.pdf
_version_	1783727552978747392

The determinants of financial development in Malaysia : A panel data analysis

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