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International Journal of Management Studies (IJMS) Vol. 13, No. 1 June 2006

 
Economic Valuation of Household Preference for Solid Waste Management in Malaysia: A Choice Modeling Approach
Jamal Othman
Faculty of Economics and Business
Universiti Kebangsaan Malaysia
 
Abstract Ɩ  Full Text
This study estimated the economic values of household preferences for improved Solid Waste Management (SWM) service attributes in malaysia. The Choice Model (CM) was employed on 859 randomly selected urban households in kajang and seremban areas. The study found that households were willing to pay a premium for improvements in the SWM system. More specifically, the study ascertains that households on average are willing to pay a charge of rm1.57 per month for a change in collection frequency - from 3 irregular times to either 3 scheduled times or 4 times per week, ceteris paribus; rm3.32 if waste disposal method was improved from control tipping to sanitary landfill, ceteris paribus; and rm2.48 if transportation mode was improved from a mix of compactor and open trucks to either compactor or a mix of compactor and covered trucks, ceteris paribus. The cm has also shown that households derive positive utility from the provisions of recycling facilities and compulsory kerbside recycling with an implicit price (willingness to pay) of about rm3.51 monthly. Results from the study can be used by service providers to identify any mismatch between what the public actually wants and are willing to pay for and the affordability of supply on the part of service providers.
 

 
Returns Predictability of Malaysian Bank Stocks: Evidence and Implications
Kian-Ping Lim
Labuan School of International Business and Finance
Universiti Malaysia Sabah
 
Hui-Boon Tan & Siong-Hook Law
Faculty of Economics and Management
Universiti Putra Malaysia
 
Abstract Ɩ  Full Text
The main objective of this study is to address the question of whether stock prices follow random walk all the time. Using the samples of four Malaysian bank stocks- Hong Leong Bank, Malayan Banking, Public Bank and Southern Bank, coupled with the Hinich and Patterson (1995) windowed-testing procedure, the results show that the series under study follow a random walk for long periods of time, only to be interspersed with brief periods of strong linear and non-linear dependency structures. Unlike previous studies, this paper provides a different perspective on the subject of random walk. In addition to that, several important implications drawn from the findings are also provided in the paper.
 
Keywords:  Returns predictability; Random walk; Weak-form efficient market hypothesis; Stock market; Malaysian bank.
 

 
The Relationship between Non-Audit Service Fees and Audit Fees in the Banking Sector in Malaysia
Rohami Shafie, Ayoib Che Ahmad & Azham Md Ali
Faculty of Accountancy
Universiti Utara Malaysia
 
Abstract Ɩ  Full Text
The issue of audit fees and non-audit fees charged by the audit firms has been discussed regularly in accounting and auditing literature. Recently, due to the corporate scandals in United States, the issue is discussed together with a host of revelations about audit failures that led to the companies’ demise. The auditing profession is being badly blamed and some suggest that this could be due to the audit firm’s reliance more on non-audit services rather than the audit itself. Therefore, this study attempts to probe the situation in Malaysia using the banking sector as the subject of interest. Specifically, it tries to examine the impact of non-audit services conducted by audit firms to these banks on audit fees. The results showed that the variable of non-audit fees is statistically significant in determining audit fees as predicted. Further sensitivity analysis showed that the results are robust to different measurements and company size.
 
Keywords: Audit fees; non-audit fees; banking sector.
 

 
Does Price React to Fixed Price Tender Offer Share Buyback Announcement?
Hanita Kadir Shahar & Nur Adiana Hiau Abdullah
Faculty of Finance and Banking
Universiti Utara Malaysia
 
Abstract Ɩ Full Text
This paper investigates stock market reactions to share buyback announcements, specifically with the fixed price tender offer mechanism. An event study methodology was used to examine stock price reaction of 30 observations involving 21 listed companies surrounding the announcement dates. Two models, namely market adjusted return (MAR) and the single index market models (SIMM) were utilised to compute abnormal returns. Eventhough most literature in the western market found positive abnormal returns, this study reveals that investors gain zero abnormal returns out of these announcements. The post announcement result shows a zero abnormal return which implies that the Malaysian stock market is semi-strongly efficient due to this announcement. Finally, evidence also shows that none of the implications forwarded in the theories could be supported in this study.
 

 
“Disadvantage Cycle” In the Less Developed States: Evidence from Malaysia
Asan Ali Golam Hassan
Faculty of Economics
Universiti Utara Malaysia
 
Abstract Ɩ Full Text
The current regional policy has developed two ‘industrial dispersion’ tools to spearhead the restructuring of economic activities across regions. Although the less developed states have comparative advantages in terms of cheap labour and industrial land, and additional investment incentive, most firms were still located in the more developed states mainly due to the high comparative advantages and economies of scale such as the establishment of manufacturing activities in those areas with easy access to infrastructure, service industries, and large labour and consumer markets. This caused slow TFP growth and the convergence process in the less developed states remain problematic. This is generally due to the economic and demographic ‘disadvantages cycle’ that clearly occurs in the less developed regions. In the long term, policy makers need to think of ways and means to distribute these limited resources and increase the comparative advantage of the less developed states. The discussion in this paper will attempt to explore the degree to which differences in regional manufacturing distribution and concentration have contributed to regional inequality. This study has provided a series of recommendation about how this might be done in order to overcome the problem of long-standing regional inequality in Peninsular Malaysia.
 

 
Model Pengurusan Kualiti Bagi Perkhidmatan Teknologi Maklumat : Fokus Kepada Bahagian Perkhidmatan Pengguna Sektor Awam
Mohd Khalit  Othman
Fakulti Sains Komputer dan Teknologi Maklumat
Universiti Malaya
 
Abstract Ɩ  Full Text
Kajian ini berkaitan dengan pengurusan kualiti dalam perkhidmatan komputeran di sektor awam. Tumpuan diberikan di Bahagian Perkhidmatan Teknologi Maklumat (BPTM) dan Bahagian Perkhidmatan Pengguna atau Bahagian Perkhidmatan Komputeran (BPP/BPK). Kajian ini bertujuan untuk membincangkan serta mendedahkan konsep pengurusan kualiti di mana definisi-definisi mengenai kualiti dan pengurusan kualiti menyeluruh telah dibentangkan. Kajian ini juga membangunkan model pengurusan kualiti untuk organisasi kajian dan melihat sama ada unsur-unsur yang terdapat dalam model tersebut berpotensi untuk diaplikasikan sepenuhnya di BPTM. Sebanyak 100 set borang soal selidik telah dihantar kepada 50 jabatan awam yang dipilih secara rawak sebagai responden untuk mendapatkan pandangan dan persepsi mereka. Daripada 100 set borang soal selidik tersebut, sebanyak 86 telah dikumpulkan dan dianalisis menggunakan pakej SPSS. Hasilnya, kajian ini telah mendedahkan unsur-unsur atau aspek-aspek pengurusan kualiti untuk diperhatikan. Selain itu, berdasarkan hasil daripada penemuanteori-teori dan data-data penyelidikan, kajian ini telah membangunkan satu model pengurusan kualiti yang praktikal untuk dilaksanakan di BPTM. Kajian juga mendapati kesemua unsur bagi pengurusan kualiti (seperti yang terdapat dalam model yang dibangunkan) sesuai dan berpotensi untuk dilaksanakan di BPTM. Perbincangan secara terperinci mengenai metodologi kajian, pemprosesan dan analisis data juga diterangkan dalam kajian ini. Kesimpulannya, kajian ini telah mendedahkan prinsip-prinsip dan aspek-aspek yang perlu untuk meningkatkan lagi kualiti perkhidmatan khususnya bagi BPTM.
 

 
Teknologi Pengurusan Pengetahuan (TPP): Pengaruh Sikap, Norma Subjektif dan Persepsi Kawalan Gelagat
Hafizi  Muhamad Ali
Fakulti Kewangan dan Perbankan
Universiti Utara Malaysia
 
Zawiyah Mohammad Yusof
Fakulti Teknologi dan Sains Komputer
Universiti Kebangsaan Malaysia
 
Abstract Ɩ  Full Text
Kajian ini menggunakan Teori Perancangan Gelagat Ajzen dan Teori Difusi Inovasi Rogers untuk mengenal pasti sikap, norma subjektif dan persepsi kawalan gelagat yang mempengaruhi penerimaan teknologi pengurusan pengetahuan (TPP) di kalangan pekerja berpengetahuan di Malaysia. Fokus kajian adalah kepada teknologi pengurusan pengetahuan (TPP) kerana teknologi tersebut merupakan teknologi terkini bagi organisasi. Tinjauan menggunakan soal selidik sebagai alat pengumpulan data melibatkan seramai 162 responden. Hasil kajian mendapati sikap dan persepsi faktor kawalan gelagat adalah signifikan terhadap penerimaan teknologi pengurusan pengetahuan (TPP) berbanding pengaruh sosial. Secara khususnya, persepsi kelebihan relatif, kesesuaian, kebolehujian dan risiko mempengaruhi penerimaan teknologi pengurusan pengetahuan (TPP). Keyakinan terhadap teknologi pengurusan pengetahuan (TPP) dan sokongan kerajaan kepada pelaksanaan k-ekonomi merupakan faktor yang signifikan terhadap penerimaan teknologi pengurusan pengetahuan (TPP).
 
Kata Kunci : Teknologi pengurusan pengetahuan; pengurusan pengetahuan; teori perancangan gelagat; teori difusi inovasi.
 

 
Kesan Turun Naik Perdagangan ke atas Penciptaan Guna Tenaga Industri Elektrik dan Elektronik di Malaysia, 1991 – 2001
Mohd Yusof Saari & Zakariah Abdul Rashid
Fakulti Ekonomi dan Pengurusan
Universiti Putra Malaysia
 
Abstract Ɩ  Full Text
Artikel ini mengkaji kesan kejatuhan perdagangan bersih barangan elektrik dan elektronik Malaysia ke atas output dan guna tenaga dalam tempoh 1991- 2001. Kajian mendapati sektor ini sangat penting bukan sahaja dari segi sumbangannya kepada KDNK, eksport dan guna tenaga negara malah rantaian antara industri dalam sektor pembuatan. Lantas kejatuhan dalam perdagangan bersih barangan ini melemahkan kemampuan sektor ini menjana output dan guna tenaga, khususnya berlaku dalam tahun 1994 dan 2000. Artikel ini juga mengkaji kesan kejatuhan perdagangan bersih barangan tersebut ke atas beberapa kategori kemahiran buruh. Keputusan mendapati buruh mahir paling teruk terjejas kerana sektor ini mempunyai intensiti buruh mahir yang sangat tinggi.
 

 
Program Latihan Kemahiran: Perbandingan Kos, Kebolehpasaran dan Pendapatan Pelatih
Abd Hair Awang
Fakulti Sains Sosial dan Kemanusiaan
Universiti Kebangsaan Malaysia
 
Azimi Hamzah, Jegak Uli & Asma Ahmad
Fakulti Pengajian Pendidikan
Universiti Putra Malaysia
 
Rahmah Ismail
Fakulti Ekonomi dan Pengurusan Perniagaan
Universiti Kebangsaan Malaysia
 
Abstract Ɩ  Full Text
Pelaburan awam terhadap latihan kemahiran meningkat pesat berbanding dekad yang lampau bagi mengukuhkan lagi perlaksanaan ekonomi berasaskan pengetahuan, industrialisasi, memajukan teknologi dan produktiviti. Kerajaan dan agensi antarabangsa menyarankan agar institusi latihan kemahiran awam wajar selalu dinilai untuk meningkatkan keberkesanan program latihan kemahiran yang dikendalikan. Oleh itu, kajian ini bertujuan membandingkan keberkesanan kos latihan kemahiran institusi latihan awam di negara ini.Artikel ini meneliti kos dan keberkesanan program latihan yang dikendalikan oleh ILP dan IKM. “Longitudinal follow-up survey“ dan temubual mendalamdilakukan untuk mencapai objektif kajian ini. Responden kajian dipilihmengikut kadar dan distratakan mengikut lokasi institusi latihan. Hasil kajianmenunjukkan lepasan IKM mempunyai kadar memperoleh pekerjaan,kerelevanan latihan dan pendapatan semasa yang lebih tinggi berbanding lepasan ILP.
 
Kata kunci: Kos; Pendapatan; Kebolehpasaran.
 

 
China dan Kuasa Hegemoni Baru Ekonomi
Rusdi Omar
Fakulti Pengajian Antarabangsa
Universiti Utara Malaysia
 
Abstract Ɩ  Full Text
Kejatuhan empayar Soviet Union pada tahun 1990 telah menyaksikan bahawa China adalah satu-satunya negara besar tunggal yang berfahaman komunis di dunia dan berkemungkinan besar mengambil alih peranan yang dimainkanoleh Soviet Union sebelum ini. Kemunculan semula China di arena antarabangsa selepas menjalankan dasar isolasi dapat memberi impak yang besar terhadap negara-negara kuasa besar yang lain. Hasrat dan aspirasi China untuk kembali menjadi sebuah kuasa hegemoni baru terutamanya dalam aspek ekonomi bukan sahaja di peringkat serantau tetapi juga di peringkat global telah menjadikannya sebagai negara yang digeruni oleh kuasa besar yang lain. Artikel ini, akan membincangkan perubahan dasar ekonomi tertutupkepada dasar ekonomi terbuka yang diimplimentasikan oleh pemimpin negaraChina dalam usaha untuk menjana aktiviti perekonomian yang lebih kompetetifserta kepentingan keanggotaan China dalam Pertubuhan Perdagangan Dunia(WTO). Selain itu peranan kemasukan Hong Kong dan Macau turutmemangkin kepada pembangunan ekonomi China.

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