Financial ratio comparison analysis of manufacturing firms listed in stock exchange of Malaysia and Singapore

The objective of this study is to examine the performance of manufacturing sector between Malaysia and Singapore in different economic environment, culture, institutional, accounting standard and regulatory system. Ratio analyses that consist of ten different ratios were selected and calculated for...

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Main Author:	Chia, Poh Yin
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/8241/1/s821379_01.pdf https://etd.uum.edu.my/8241/2/depositpermission_s821379.pdf https://etd.uum.edu.my/8241/3/s821379_references.docx
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id	my-uum-etd.8241
record_format	uketd_dc
spelling	my-uum-etd.82412021-05-18T01:59:40Z Financial ratio comparison analysis of manufacturing firms listed in stock exchange of Malaysia and Singapore 2019 Chia, Poh Yin Mazlan, Ahmad Rizal Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The objective of this study is to examine the performance of manufacturing sector between Malaysia and Singapore in different economic environment, culture, institutional, accounting standard and regulatory system. Ratio analyses that consist of ten different ratios were selected and calculated for all manufacturing firms of Malaysia and Singapore in the year of 2016 for comparison according to ratio category. Wilcoxon Sign Rank Test and Multivariate Regression Analysis were used for data analysis. The results show that there is a significant difference between the manufacturing firms of the two countries in terms of Current ratio, Quick ratio, Asset turnover ratio and Return on assets (ROA). The difference may be explained by the influences of different economic environment and institutional structure especially on the logistic management system practiced in both countries. The multivariate regression analysis indicates that the ROA of Malaysian manufacturing firms is significantly related to quick ratio, inventory turnover, receivable turnover and interest coverage ratio while the ROA of Singaporean manufacturing firms is significantly related to interest coverage ratio only. This study suggests future researchers to look at other neighboring countries such as Indonesia and Thailand and extend the sector scope instead of focusing on only one sector. 2019 Thesis https://etd.uum.edu.my/8241/ https://etd.uum.edu.my/8241/1/s821379_01.pdf text eng staffonly https://etd.uum.edu.my/8241/2/depositpermission_s821379.pdf text eng staffonly https://etd.uum.edu.my/8241/3/s821379_references.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Mazlan, Ahmad Rizal
topic	HG Finance
spellingShingle	HG Finance Chia, Poh Yin Financial ratio comparison analysis of manufacturing firms listed in stock exchange of Malaysia and Singapore
description	The objective of this study is to examine the performance of manufacturing sector between Malaysia and Singapore in different economic environment, culture, institutional, accounting standard and regulatory system. Ratio analyses that consist of ten different ratios were selected and calculated for all manufacturing firms of Malaysia and Singapore in the year of 2016 for comparison according to ratio category. Wilcoxon Sign Rank Test and Multivariate Regression Analysis were used for data analysis. The results show that there is a significant difference between the manufacturing firms of the two countries in terms of Current ratio, Quick ratio, Asset turnover ratio and Return on assets (ROA). The difference may be explained by the influences of different economic environment and institutional structure especially on the logistic management system practiced in both countries. The multivariate regression analysis indicates that the ROA of Malaysian manufacturing firms is significantly related to quick ratio, inventory turnover, receivable turnover and interest coverage ratio while the ROA of Singaporean manufacturing firms is significantly related to interest coverage ratio only. This study suggests future researchers to look at other neighboring countries such as Indonesia and Thailand and extend the sector scope instead of focusing on only one sector.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Chia, Poh Yin
author_facet	Chia, Poh Yin
author_sort	Chia, Poh Yin
title	Financial ratio comparison analysis of manufacturing firms listed in stock exchange of Malaysia and Singapore
title_short	Financial ratio comparison analysis of manufacturing firms listed in stock exchange of Malaysia and Singapore
title_full	Financial ratio comparison analysis of manufacturing firms listed in stock exchange of Malaysia and Singapore
title_fullStr	Financial ratio comparison analysis of manufacturing firms listed in stock exchange of Malaysia and Singapore
title_full_unstemmed	Financial ratio comparison analysis of manufacturing firms listed in stock exchange of Malaysia and Singapore
title_sort	financial ratio comparison analysis of manufacturing firms listed in stock exchange of malaysia and singapore
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2019
url	https://etd.uum.edu.my/8241/1/s821379_01.pdf https://etd.uum.edu.my/8241/2/depositpermission_s821379.pdf https://etd.uum.edu.my/8241/3/s821379_references.docx
_version_	1747828358889078784

Financial ratio comparison analysis of manufacturing firms listed in stock exchange of Malaysia and Singapore

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