Pusat Pengajian Pengurusan - Tesis

Browse

Now showing 1 - 5 of 665

Sustainability Reporting In Malaysia: Impression Management And The Influence Of Internal Resources
(2024-07)
Wong, Chong Chie
Bursa Malaysia mandated the presentation of sustainability statements in annual reports for public listed companies in 2016. The research attempts to study companies' reactions to this requirement, focusing on their compliance and impression management levels aiming to evaluate if companies are prepared for mandatory sustainability reporting and if their transparency and authenticity are intact. This research explores the impact of resource-based theory on impression management, suggesting that companies with strong sustainability performance might not resort to impression management if they deploy sufficient resources in their sustainability operations. The study uses mixed methods to address the research questions. Firstly, content analysis is done to study the sustainability statements of the top 100 largest public listed companies in Malaysia to analyse their compliance level and impression management level. Regression analysis is then performed to test the influence of internal resources on the impression management level by using the existence of a sustainability committee, sustainability vision and mission statement, financial performance, adoption of an environmental management system, experience in voluntary sustainability reporting, and sustainability related award winning as the independent variables. Next, interviews are conducted to provide further insight into the results obtained above.
Macroeconomic Uncertainty, Ceos’ Corporate Distress Experience And Corporate Cash Holdings
(2024-09)
Khong, Jiunn Shyan
The recent outbreak of the COVID-19 pandemic and the Ukraine war have spurred a growing concern about the impact of macroeconomic uncertainty on corporate activities, particularly corporate cash holdings as cash represents the most valuable asset of a firm given its functions and liquidity. Using a sample of listed firms in the United States from 1992 to 2021, the finding of this study supports the tradeoff theory, the real-option effect, and the risk-averse effects, which suggest that firms hoard more cash in response to macroeconomic uncertainty. Besides, drawing from the upper echelons literature, which reveals that decisions made by CEOs are largely influenced by their past experiences, this study also investigates whether corporate distress experiences of CEOs matter to cash holdings decisions of firms when dealing with macroeconomic uncertainty. It is found that CEOs with corporate distress experience has a significant interaction effect on the macroeconomic uncertainty-corporate cash holdings relationship. Furthermore, this study further discovers that the impact of macroeconomic uncertainty on corporate cash holdings is greater in firms which managed by CEOs with recent or multiple corporate distress experience. This findings in line with the recency law, the reinforcement hypothesis, and the saliency hypothesis which claim that recent or multiple experience has a more robust impact than distant or single experience on an individual’s decision making. Overall, this study provides novel insights into the underlying effect of macroeconomic uncertainty on corporate cash holdings, the channel that reinforce this effect through the lens of CEOs’ personal trait, and whether the variation in the CEOs’ personal trait matters.
Mobilising Erp In A Gbs Company In Malaysia: An Interpretive Case Study
(2024-08)
Kenny, Quah Wei Jie
In today’s dynamic global business landscape, the mobilisation of Enterprise Resource Planning (ERP) systems has become a critical organisational challenge, particularly in Global Business Services (GBS) setting. This interpretive case study delves into the complex dynamics of ERP mobilisation within a multinational manufacturing company based in Malaysia from 2019 to 2023. Through a comprehensive exploration of the case, this study aims to shed light on the complex interplay between technological integration, organisational change, and the responses of key actors, specifically employees involved in the ERP system mobilisation. Drawing on Actor-Network Theory (ANT) as the primary theoretical framework, this study investigates how ERP systems become active actors within the network of the organisation. It goes beyond traditional notions of technology adoption and highlights the roles played by both human and non-human elements of actors in shaping the mobilisation process. The study unveils the progression of ERP system mobilisation within the case company disguised as MOLECULE which has MOLECULE’s GBS as its GBS centre. Recently, this company went through a merger and acquisition agreement.
The Determinants Of Credit Spreads Of Corporate Bonds In China: The Interaction Effects Of Firm Size And The Level Of Financial Development
(2024-09)
Kang, Weijing
In the context of the evolving economic landscape, understanding the factors influencing credit spreads on corporate bonds is crucial for ensuring the robust and sustainable development of bond markets and China's real economy. This research utilizes data from listed Chinese companies from 2011 to 2020. Employing the dynamic panel one-step system Generalized Method of Moments (GMM), the study aims to estimate dynamic models of credit spreads for corporate bonds. Specifically, it explores the impact of digital finance development, corporate governance, economic policy uncertainty, and social trust on credit spreads. The key findings indicate a significant inverse relationship between the level of digital finance development and the credit spreads of corporate bonds. Notably, the depth of digital finance usage substantially negatively influences credit spreads. Corporate governance emerges as a crucial factor affecting credit spreads, with ownership concentration, state ownership of enterprises, the proportion of independent directors, executive compensation, and the quality of information disclosure showing significant negative associations. However, board size and CEO duality significantly positively impact credit spreads. Additionally, economic policy uncertainty is positively associated with credit spreads, indicating that increased uncertainty in monetary or fiscal policies leads to higher credit spreads. Social trust also plays a crucial role, showing a significant negative impact on credit spreads, implying that the informal system within listed companies influences credit spreads.
Determinants Of Corporate Sustainability Performance: The Effects Of Corporate Strategy And Institutional Quality In Asean Region
(2024-03)
Ab Wahab, Siti Nur Aqilah
In addition to ASEAN’s national development plans, ASEAN countries have developed and evaluated plans for sustainability development goals (SDGs). Nonetheless, with only eight years remaining until the SDGs vision of 2030, implementing sustainable development activities in ASEAN countries is far behind what the United Nations had originally envisioned. Compared to other developed nations, the corporate sustainability performance (CSP) in ASEAN countries is currently poor. This study aims to investigate the factors that influence corporate sustainability performance in ASEAN countries. This study examined three important variables: corporate governance, environmental degradation and financial development that influenced CSP. Furthermore, the study investigates how corporate strategy and institutional quality have a threshold effect on CSP. Using the Static Panel and Panel Threshold effect estimator, this study utilised 118 firms listed on the ASEAN stock exchange between 2011 and 2020. The study validates the female directors and of independent directors on ASEAN boards positively impacts corporate sustainability. Intriguingly, the intervention of corporate strategy will mitigate the low corporate sustainability performance while strengthening the link between corporate governance and CSP. During the sample period, ASEAN firms are positively influenced by external factors that affect CSP (financial development and environmental degradation).

Browse

Recent Submissions