PROGRAM – MONDAY, 9th MAY 2005

Methodological Issues /Econometric Application in Finance

11.35 – 11.55 Title : Optimization Model For Portfolio Selection

Author : Anton Abdulbasah Kamil (USM)

11.55 – 12.15 Title : The Random Walk Behaviour of Malaysian Stocks: Revisiting from the
BDS Test
Author : Kian-Ping Lim, Mathew Kien-Chung Vun and Hock-Ann Lee (UMS)

12.15 – 12.35 Title : Optimization of Technical Trading Strategies and Profitability using
Genetic Algorithms
Author : Siti Arpah Ahmad, Mohd Shukor Abdul Rahman and Mohamad Nor Zamani Sahroni
(UiTM)

12.35 – 12.55 Title : Random Walk or Mean Reversion in Stock Prices? A Non-Linear
Perspective
Author : Kian-Ping Lim and Venus Khim-Sen Liew (UMS)

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International Finance

11.35 – 11.55 Title : The Long-Run Fisher Effect In Malaysia: An ARDL Bounds Test
Author : Hawati Janor, Noreha Halid and Mohammad Zain Yusof (UKM)

11.55 – 12.15 Title : Investment from the Islamic Perspective and Mitigating Currency Risk with
the Implementation of Gold Dinar
Author : Nuradli Ridzwan Shah Bin Mej (B) Hj. Mohd Dali
and Hanifah Bte Abdul Hamid (UNITEN)

12.15 – 12.35 Title : Interest Rate, Exchange Rate and the Present Value Model: Evidence From
Three ASEAN Countries
Author : Hamizun Bin Ismail (UKM) and Ahmad Zubaidi Baharumshah (UPM)

12.35 – 12.55 Title : A Case for A Common Currency in East Asia

Author : Kian-Teng KWEK and Cho-Wai CHO (UM)

12.55 – 13.15 Title : Cointegration and The Term Structure of Malaysian Interest Rates
Author : Norhayati Ayu Abdul Mubin and Wan Mansor Wan Mahmood (UiTM)

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 Financial Distress

11.35 – 11.55 Title : Auditors’ Going Concern Opinion: The Case of Financial Distress
Companies in Malaysia
Author : Rohami Shafie and Muhd ‘Atef Md. Yusof (UUM)

11.55 – 12.15 Title : An Empirical Investigation of Failing Companies and Their Determinants
Using the Hazard Model in an Emerging Capital Market
Author : Rohani Md Rus and Nur Adiana Hiau Abdullah (UUM)

12.15 – 12.35 Title : The Relationship Between the Corporate Debt ownership Structure and
Firm Characteristics of Malaysian PN4 Companies
Author : Fauzias Mat Nor and D. Agus Harjito (UKM)

12.35 – 12.55 Title : Does Pyramiding has an Impact on Firm’s Capital Structure Decision
among Malaysian Distress Companies
Author : Fauzias Mat Nor and Bany Ariffin (UKM)

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Islamic Banking Instruments

11.35 – 11.55 Title : Penawaran Pembiayaan Ijarah Dalam Sistem Perbankan Islam di Malaysia
Author : Mohd Sabri Abdul Ghafar (UiTM)

11.55 – 12.15 Title : Upah Simpan dalam Gadaian Islam – Suatu Perbincangan
Author : Asmadi Bin Mohamed Naim and Ali Badron Mokhtar (UUM)

12.15 – 12.35 Title : Khiyar Al-Shart And Its Application In ‘Aqd Bay‘ Al-Salam
Author : Mohammed Saleh Ali Ayyash (UKM)

12.35 – 12.55 Title : A Framework for Regulating Pawnshops: Why Do, What Area and Syariah
View
Author : Abd. Ghafar b. Ismail (UKM) and Nur Azura bte Sanusi (UUM)

12.55 – 13.15 Title : Islamic Credit Card Usage in Working Middle-Class

Author : Norudin Mansor and Zull Nikli Nordin (UiTM)

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 Bank Management

14.30 – 14.50 Title : Deposit Determinants of Commercial Banks in Malaysia

Author : Sudin Haron and Shahril Shafie (UUM), and Wan Nursofiza Wan Azmi (University of
New England, Australia)

14.50 – 15.10 Title : Share Prices Behavior, Financial Performance and Efficiency Changes of
Malaysian Banking Institutions in Mergers and Acquisitions – Revisited
Author : Fauzias Mat-Nor, Rasidah Mohd Said and Mohamed Hisham (UKM)

15.10 – 15.30 Title : The Risk and Profitability Measures of Islamic Bank
Author : Achmad Tohirin (Universitas Islam Indonesia)

15.30 – 15.50 Title : An Empirical Study on Signaling and Earnings Behavior: The Case of
Malaysian Banks
Author : Roselee Shah Shaharudin (USM), Ananda Samudhram (Taylors College) and Norman
Saleh (UKM)

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Monetary & Economic Issues

14.30 – 14.50 Title : Public Debt and Tax Smoothing in the Presence of Macroeconomic
Disturbances
Author : Abd. Ghafar b. Ismail and Muhammad Zilal Hamzah (UKM)

14.50 – 15.10 Title : Public Debt Trap and Economic Growth: A Case of Pakistan
Author : Noor Alam and Fauziah Md. Taib (USM)

15.10 – 15.30 Title : The Long-run Relationship Between Reserve Requirement and Money
Supply in Malaysia: Is the Role of Reserve Requirement Relevant?
Author : Aisyah Binti Abdul Rahman and Liza Marwati Binti Mohd Yusoff (UKM)

15.30 – 15.50 Title : Capital Buffers and Business Cycle

Author : Abd. Ghafar b. Ismail and Ahmad Azam b. Sulaiman (UKM)

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 Stock Price Volatility

14.30 – 14.50 Title : Stock Price Integration in the Malaysian Stock market
Author : Chan Sok Gee (UTAR) and Mohd Zaini Abd Karim
(UUM)

14.50 – 15.10 Title : Stock Price Effects of Inclusion in and Exclusion from the Kuala Lumpur
Stock Exchange Composite Index
Author : Kok Kim Lian (Taylor’s Business School), Wong Yoke Chen (Sunway University
College), Thong Lee Fah (Taylor’s Business School)

15.10 – 15.30 Title : Trading Volume and Stock Price in Malaysia: Evidence from Disposition
Effect Approach
Author : Noor Azuddin Yakob (UKM)

15.30 – 15.50 Title : An Analysis of the Comovements of Stock Pacific Rim Countries, Western
Countries and Malaysia Before and After the Financial Crisis
Author : Noraini Aminudin (UiTM)

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Funds Management

14.30 – 14.50 Title : The Comparison of Performance Between Government Sponsored Unit
Trust Funds and Private Unit Trust Funds
Author : Yusnidah Ibrahim (UUM) and Rozihanim Sheikh Zain (UiTM)

14.50 – 15.10 Title : The Level Of Awareness On The Islamic Unit Trust Among Academicians
In Terengganu
Author : Azian Abdul Ghani, Muhazita Alias, Zainuddin Bin Zakaria and Kalsom Abu
Bakar(UiTM)

15.10 – 15.30 Title : Malaysian Mutual Fund Performance During Up and Down Market
Conditions: A Comparison of Market Benchmark
Author : Soo-Wah Low (UKM)

15.30 – 15.50 Title : Does Misclassification of Equity Funds Exist: Evidence from Malaysia
Author : Lau Wee Yeap (Osaka University, Japan), Chan Tze Haw (UPM) and Chee Hong Kok
(USM)

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 Financial Crime, Ethics & Corporate Governance

16.05 – 16.25 Title : Islamic Business Ethics: A Managerial Perspective

Author : Amir Bin Shaharuddin (KUIM)

16.25 – 16.45 Title : Financial Crimes and Offshore Financial Centers

Author : Ricardo Baba (UMS)

16.45 – 17.05 Title : Pengurusan Perolehan: Peranan Kualiti Audit dan Tadbir Korporat
Author : Nor Haiza Abd Aziz (Jabatan Audit Negara) and Takiah Mohd. Iskandar & Norman
Mohd Saleh (UKM)

17.05 – 17.25 Title : Revitalising Labuan as a Strategic IOFC

Author : Logasvathi a/p Murugiah (UMS) and Nor Hayati Ahmad & Abmalek f. Abubakar
(UUM)

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Corporate Finance I

16.05 – 16.25 Title : Gearing Differences Across Malaysian Public Listed Companies
Author : Sharifah Raihan Syed Mohd Zain (UIAM)

16.25 – 16.45 Title : Operating Performance of Initial Public Offerings in Malaysia

Author : Zamri Ahmad and Lim Suh Mei (USM)

16.45 – 17.05 Title : Corporate Restructuring and Its Wealth Effects: The Case of United
Engineers Malaysia (UEM) Berhad and Renong Berhad
Author : Fauzias Mat Nor, Norazlan Alias and Mohd Hasimi Yaacob (UKM)

17.05 – 17.25 Title : Distributability of Profits: An Empirical Investigation of Current Practices

in Malaysia
Author : Ravichandran K. Subramaniam (INTI College)

17.25 – 17.45 Title : Initial Performance of New Issues Listed on Bursa Malaysia (1991 to 2000)
Author : Chong Fen Nee (UiTM)

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 Corporate Finance II

16.05 – 16.25 Title : Executive’s Share Option Schemes (ESOS) as a Partial Solution To Agency
Problem
Author : Zahiruddin Bin Ghazali (UUM) and Fauziah Binti Md. Taib (USM)

16.25 – 16.45 Title : Auditor Reputation, Auditor Independence and Local Market Prices:
Contagious Effect on Andersen’s Clients in Malaysia
Author : Rohami Shafie, Kamil Bin Md Idris and Wan Norhayati Binti Wan Ahmad (UUM)

16.45 – 17.05 Title : Activity-Based Costing System Among Malaysian Manufacturing Firms
Author : Shamsul Nahar Abdullah, Zarifah Abdullah and Amin Ali (UUM)

17.05 – 17.25 Title : Characteristics of Takeovers and Determinants of Bid Premiums in

Malaysia
Author : Song Saw Imm (UiTM), Ruhani Ali and Subramaniam Pillay (USM)

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Behavioural & Personal Finance

16.05 – 16.25 Title : Islamic Banks: An Empirical Investigation of The SMEs Preferences
Author : Norudin Mansor and Ahmad Syazli Abd Halim (UiTM)

16.25 – 16.45 Title : A Study On The Failure Of Mara Borrowers In Business And Repayment
Of Their Loans
Author : Prof Madya Dr.Nik Muhammad Naziman Ab. Rahman, Hj. Nik Mohd. Zaid Nik Taib,
Ismail Ishak, Tugimon Abd. Hamid, Hj. Mohd. Johani Ibrahim and Ir. Mazri Yaacob (UiTM)

16.45 – 17.05 Title : Portfolio For An Optimal Retirement Plan

Author : Salwana Hassan (UiTM)

17.05 – 17.25 Title : Perbankan Internet Di Malaysia: Satu Tinjauan Semasa Dikalangan
Pelanggan Runcit
Author : Khairul Anuar Adnan and Ali Badron Mokhtar (UUM)

17.25 – 17.45 Title : Understanding Stock Price Movement - From Behavioural Perspective
Author : Toh Guat Guan (KTAR) and Zamri Ahmad (USM)

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 Banks Efficiency & Innovation

8.50 – 9.10 Title : X-Efficiency and Technological Innovation in Malaysian Banks

Author : Norashfah Yaakop Yahaya Al’Haj (UiTM)

9.10 – 9.30 Title : Banking Efficiency: A Review of The Literature

Author : Badrul Hisham Kamaruddin (UiTM) and Sudin Haron (UUM)

9.30 – 9.50 Title : Cost and Profit Efficiency of Commercial Banks in Malaysia: Preliminary
Findings
Author : Rosita Hj. Suhaimi (UiTM)

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Stock Return

8.50 – 9.10 Title : The Dynamic Relationship Between The Foreign Exchange Exposure and
Stock Markets: Evidence During the Asian Financial Crisis
Author : Nik Muhd Naziman Ab Rahman (UiTM)

9.10 – 9.30 Title : A Quest For Small-Firm Effect – Evidence From KLSE Second Board
Author : Abdul Razak Bin Abdul Hadi (UniKL)

9.30 – 9.50 Title : The Money Market Sensitivity on Stock Market Returns
Author : Norhayati Ayu Abdul Mubin, Wan Mansor Wan Mahmood and Rosalan Ali (UiTM)

9.50 – 10.10 Title : Regime Switching Models In Malaysian Stock Market Returns
Author : Mohd Tahir Ismail and Zaidi bin Isa (UKM)

Capital Structure Issues

8.50 – 9.10 Title : Corporate Restructuring and Its Wealth Effects: The Case of Malaysian
Airlines System Berhad
Author : Fauzias Mat Nor, Norazlan Alias and Mohd Hasimi Yaacob (UKM)

9.10 – 9.30 Title : Effects of Ownership Structure and Motives on Corporate Takeover
Performance
Author : Song Saw Imm (UiTM), Ruhani Ali (USM) and Subramaniam Pillay (USM)
9.30 – 9.50 Title : AreBank-Centric Views (BCVs) of The East Asian Crisis for Real?: An
Empirical Fitting
Author : Nor Azlan Ghazali (UKM)

9.50 – 10.10 Title : Investment Opportunity Set and Firm Value: The Roles of Ownership
Structure and Firm Policies in Indonesian Firms
Author : Erlina, Daing Nasir Ibrahim and Zamri Ahmad (USM)