Tobin’s Q – Jurnal Pengurusan

Adakah Bank Besar Berprestasi Tinggi? Tinjauan dari Malaysia

asriwn — Fri, 30 May 2025 08:48:11 +0000

Hujah berkaitan Teori Too Big To Fail (TBTF) atau Terlau Besar untuk Gagal yang dapat meningkatkan prestasi sesebuah bank bersaiz besar telah banyak dikaji oleh penyelidik. Namun, hasil kajian empirikal didapati tidak konklusif kerana hubungan ini bergantung kepada tahap pembangunan ekonomi dan keunikan negara masing-masing. Malaysia yang melaksanakan Sistem Perbankan Dual dalam konteks negara membangun dengan model kewangan berasaskan bank dilihat tidak sesuai mengguna pakai dapatan kajian dari negara maju memandangkan mereka cenderung untuk menggunakan model kewangan berasaskan pasaran. Kajian ini dijalankan untuk menganalisis hubungan antara saiz dengan prestasi bank perdagangan di Malaysia bagi tempoh 2011-2020 dengan mengambil kira lanskap Sistem Perbankan Dual, iaitu perbankan Islam dan perbankan konvensional. Prestasi bank dinilai menggunakan pengukuran Tobin’s Q, ROE dan Z-score. Berdasarkan anggaran Kaedah Am Momen (GMM), penemuan kajian menunjukkan bahawa saiz bank memberikan kesan positif terhadap ROE dan Tobin’s Q, namun tidak memberikan impak yang signifikan terhadap aspek kestabilan sesebuah bank. Menyokong teori TBTF, dapatan kajian ini diperkukuh dengan penemuan yang menunjukkan bahawa bank bersaiz besar mempunyai ROE dan Tobin’s Q yang lebih tinggi berbanding dengan bank bersaiz kecil. Kajian juga mendapati bahawa prestasi ROE dan Tobin’s Q perbankan Islam lebih rendah berbanding dengan perbankan konvensional tanpa perbezaan yang signifikan terhadap aspek kestabilan bank. Diharapkan penemuan ini membantu memberikan pencerahan kepada pembuat dasar, institusi perbankan dan para pelabur ketika membuat keputusan dan strategi dengan lebih berinformasi.

An Empirical Study of Auditors Switching, Corporate Governance and Financial Performances of Malaysian Public Listed Companies (PLCs)

Amirulilul — Tue, 11 Oct 2022 06:53:16 +0000

In the past years, regulators and the business communities had expressed worries about the alarming rate at which firms or corporations collapse due to the mismanagement and manipulation of resources as seen in the cases of Enron, WorldCom in the United States of America; and to be specific in Malaysia, the cases of Megan Media Holdings Berhad and Transmile Group. Auditor switching is evident and the disorder of auditor switching often takes place in Malaysia; however, as time goes by, it is decreasing. Thus, this paper seeks to empirically examine the effect of auditor switching and corporate governance on financial performance of Malaysian PLCs. Secondary data on a total number of 100 PLCs from years 2009 to 2013 are used. The results reveal that the effect of auditor switching on performance does not vary with duality role and the board size. However, the independent director does not cause a good firm performance. Nonetheless, auditors do not have a direct effect on financial performance since they are not directly involved with the management of the firms which negates the results of previous study. Therefore, this paper has vital impact in that regulators and the public need to be educated through awareness campaigns to emphasize on the auditors’ roles as agents in understanding the impact of the association between corporate governance and financial performance. Furthermore, auditor switching should embrace not only rotation of audit partners, but rotation of audit firms as well in view that this will help in infusing discipline from the top to the bottom of the audit firms and the companies.