Browsing by Author "Abd Halim @ Hamilton Ahmad"
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Publication Macroeconomic Determinants of Corporate Failures in Malaysia(Canadian Center of Science and Educatio, 2008) ;Abd Halim @ Hamilton Ahmad ;Siti Nurazira Mohd Daud ;Ahmad Rizal MazlanAinulashikin MarzukiThis research investigates the long-run dynamic linkages between the corporate failures in Malaysia and selected macroeconomic variables by employing the Autoregressive Distributed Lag (ARDL) bound test, a robust and recent time series technique which is applicable irrespective of whether the regressors are I(0) or I(1). Corporate failure rate is the ex-ante variable in a linear function model with five explanatory macroeconomic variables. A dummy variable to decipher the corporate failure rates during the Asian financial crisis was also included. The results show that corporate failure rates in Malaysia are significantly and positively associated with the average lending rate, inflation rate and, gross domestic product (GDP) in the long-run. - Some of the metrics are blocked by yourconsent settings
Publication Sovereign Credit Ratings And Macroeconomic Variables: An Empirical Analysis On Dynamic Linkages In Malaysia(IUP Publications, 2009) ;Abd Halim @ Hamilton Ahmad ;Siti Nurazira Mohd DaudAinulashikin MarzukiThis paper aims to investigate the long- and short-run relationship of sovereign credit ratings in Malaysia. This study employed quarterly data from 1991 to 2004. A robust and recent time series techniques known as the Unrestricted Error Correction Model – Bound Test was used which is applicable irrespective of whether the regressors are I(0) and I(1). The results show that in the longrun, Debt to GDP, Debt Service to Reserves and US Treasury Bill rate (3-months) appear to have significant impact to Malaysia sovereign credit ratings. The findings of the study show that Malaysia’s long-term ability to pay its debt contains information for prediction of the credit rating.