The impact of global financial crisis on the performance of Malaysian listed property companies

The listed property companies are one of the real estate vehicles in Malaysian investment sector besides REITs and direct property investment. Although listed property companies play an important role in shaping Malaysian economy, the research on performance of Malaysian listed property companies ha...

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Main Author:	Ahmad, Siti Fairus
Format:	Thesis
Language:	English
Published:	2015
Subjects:	HD1394-1394.5 Real estate management
Online Access:	http://eprints.utm.my/id/eprint/53989/1/SitiFairusAhmadMFGHT2015.pdf
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id	my-utm-ep.53989
record_format	uketd_dc
spelling	my-utm-ep.539892020-10-11T09:14:50Z The impact of global financial crisis on the performance of Malaysian listed property companies 2015-11 Ahmad, Siti Fairus HD1394-1394.5 Real estate management The listed property companies are one of the real estate vehicles in Malaysian investment sector besides REITs and direct property investment. Although listed property companies play an important role in shaping Malaysian economy, the research on performance of Malaysian listed property companies has been modest in recent years notably after 1997/1998 Asian Financial Crisis (AFC). The objectives of the study are to determine the impact of Global Financial Crisis (GFC) on listed property companies and to assess the factors contributing to performance. This study provides descriptive and risk-adjusted analysis on the performance of 60 Malaysian listed property companies and factors using Dynamic Panel Regression Analysis from January 1999 till December 2012 to understand the impact of pre, during and post GFC. The results show that most companies experienced downturn during GFC period. However, they recovered fast in post GFC by gaining better Sharpe ratio, improved return and lower risk compared to their performance in pre GFC period. The econometric analysis using total return as dependent variable with 7 independent factors; GFC, market value, cash flow, dividend, intangible asset, total debt, and book value per share. The results revealed that only market value, book value per share and GFC factor have significant results in the Dynamic Panel Regression estimation model. With these findings, investors must aware that AFC and GFC reacts differently towards performance, hence property companies are able to use financial variables as guidelines in presenting their performance in future. 2015-11 Thesis http://eprints.utm.my/id/eprint/53989/ http://eprints.utm.my/id/eprint/53989/1/SitiFairusAhmadMFGHT2015.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:85831 masters Universiti Teknologi Malaysia, Faculty of Geoinformation and Real Estate Faculty of Geoinformation and Real Estate
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	HD1394-1394.5 Real estate management
spellingShingle	HD1394-1394.5 Real estate management Ahmad, Siti Fairus The impact of global financial crisis on the performance of Malaysian listed property companies
description	The listed property companies are one of the real estate vehicles in Malaysian investment sector besides REITs and direct property investment. Although listed property companies play an important role in shaping Malaysian economy, the research on performance of Malaysian listed property companies has been modest in recent years notably after 1997/1998 Asian Financial Crisis (AFC). The objectives of the study are to determine the impact of Global Financial Crisis (GFC) on listed property companies and to assess the factors contributing to performance. This study provides descriptive and risk-adjusted analysis on the performance of 60 Malaysian listed property companies and factors using Dynamic Panel Regression Analysis from January 1999 till December 2012 to understand the impact of pre, during and post GFC. The results show that most companies experienced downturn during GFC period. However, they recovered fast in post GFC by gaining better Sharpe ratio, improved return and lower risk compared to their performance in pre GFC period. The econometric analysis using total return as dependent variable with 7 independent factors; GFC, market value, cash flow, dividend, intangible asset, total debt, and book value per share. The results revealed that only market value, book value per share and GFC factor have significant results in the Dynamic Panel Regression estimation model. With these findings, investors must aware that AFC and GFC reacts differently towards performance, hence property companies are able to use financial variables as guidelines in presenting their performance in future.
format	Thesis
qualification_level	Master's degree
author	Ahmad, Siti Fairus
author_facet	Ahmad, Siti Fairus
author_sort	Ahmad, Siti Fairus
title	The impact of global financial crisis on the performance of Malaysian listed property companies
title_short	The impact of global financial crisis on the performance of Malaysian listed property companies
title_full	The impact of global financial crisis on the performance of Malaysian listed property companies
title_fullStr	The impact of global financial crisis on the performance of Malaysian listed property companies
title_full_unstemmed	The impact of global financial crisis on the performance of Malaysian listed property companies
title_sort	impact of global financial crisis on the performance of malaysian listed property companies
granting_institution	Universiti Teknologi Malaysia, Faculty of Geoinformation and Real Estate
granting_department	Faculty of Geoinformation and Real Estate
publishDate	2015
url	http://eprints.utm.my/id/eprint/53989/1/SitiFairusAhmadMFGHT2015.pdf
_version_	1747817668672487424

The impact of global financial crisis on the performance of Malaysian listed property companies

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