Browsing by Author "Nur Ainna Ramli"
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Publication An Assessment of Indonesian City's E-Government Websites: Adoption and Development(IDOSI Publications, 2016) ;Muhammad PriandiNur Ainna RamliWe take a look on the development of e-Government in Indonesian cities by making an assessment on adoption and functionalities of government websites. Based on review of e-Government functionality measurements and development stage model proposed by Huang [1] as well as other supporting literatures, we attempt on identifying the relationship between socioeconomic factors with adoption and diffusion of e- Government in Indonesia. Content analysis methodology is adopted to determine provided functionalities in the websites. Statistical analyses revealed that only few socioeconomic factors have significant relationship with adoption and diffusion of e-Government in Indonesian cities. We find that there is no support to significant relationship between those factors with e-Government adoption and diffusion in Indonesian cities. - Some of the metrics are blocked by yourconsent settings
Publication A backward difference formulation for analyzing the dynamics of capital stocks(Lviv Polytechnic National University, 2022) ;Mohammad Hasan Abdul Sathar ;Ahmad Fadly Nurullah Rasedee ;Nur Ainna Ramli ;Norizarina Ishak ;Siti Raihana Hamzah ;Ehab Matarneh ;Siti Munirah MohdNurhidaya Md. JanThe current study provides a numerical method that is derived in a backward difference formulation for ordinary differential equations. The proposed method employs a constant step size algorithm of order 12. The backward difference formulation serves as a competitive algorithm for solving ordinary differential equations. In the current study, the backward difference method is used to analyze the dynamics of capital stocks in terms of depreciation rate for the capital–labor ratio. Results provided in this study will validate the accuracy of the backward difference algorithm hence proving it as a viable alternative for analyzing economic problems in the form of ordinary differential equations. - Some of the metrics are blocked by yourconsent settings
Publication Board Of Directors' Effectiveness And Firm Performance: Evidence From Jordan(IISTE, 2017) ;Nur Hidayah Laili ;Mohammed Hassan Makhlouf ;Mohamad Yazis Ali BasahNur Ainna RamliThis paper aims to examine the relationship between the board of director’s effectiveness and firm performance in Jordanian listed firms. The study used panel data approach over a period of five years from 2009 to 2013, with a sample of 120 non-financial firms listed on Amman Stock Exchange, these firms represents around 56% of Jordanian listed firms. In terms of the effect of board of directors on firm performance, five characteristics of the board of directors are identified: board of directors’ independence, board size, board meetings, leadership structure and board of directors' ownership. The firm performance was assessed by (ROA) as an accounting-based performance measure and Tobin’s Q (TQ) as a market-based indicator. The findings indicate that the independence of board of directors and board of directors' ownership have a positive impact on firm performance. The results also find that the smaller board size enhances the firm performance. Further analysis shows that the findings fail to reveal any significant impact for the frequency of board meetings and leadership structure on firm performance. The study contributes to the literature on board of directors’ effectiveness and firm performance in developing countries especially in Jordan. This study provides useful information that is of great value to policy makers, academics and other stakeholders. - Some of the metrics are blocked by yourconsent settings
Publication Capital Structure And Firm Financial Performance Of The Malaysian And Indonesian Secondary Sectors: PLS-MGA Approach(Ideas Spread Inc., 2019)Nur Ainna Ramli - Some of the metrics are blocked by yourconsent settings
Publication Cooperative Social Entrepreneurship: Project Responding to Pandemic Crisis(Universiti Sains Islam Malaysia, 2021-07) ;Nurshamimitul Ezza Ramli ;Nur Ainna Ramli ;Muhamad Azrin NazriMohd Shukor Harun - Some of the metrics are blocked by yourconsent settings
Publication Corporate Sustainable Growth Rate: The Potential Impact of COVID-19 on Malaysian Companies(Universiti Sains Islam Malaysia, 2020) ;Fauzias Mat Nor ;Nur Ainna Ramli ;Ainulashikin MarzukiNorfhadzilahwati RahimThe COVID-19 pandemic and the economic slowdown have negatively impacted various industries and will cause losses, defaults in debt obligations, and significantly increase the risk of insolvency. An excessive level of debt could lead to unsustainable growth, financial distress, and insolvency. Sustainable growth rate (SGR) may have a significant impact on corporate financial distress. Sustainable growth in a business context is the maximum limit for a company to increase its revenue without depleting its financial resources. Sustainable growth rate depends on the earnings retention rate (R) and the return on equity (SGR = R × ROE). The purpose of this research is to investigate the factors affecting the SGR by segregating the positive and negative profitability of Shariah-compliant companies in Malaysia. Using STATA software, we conducted a static estimation model to analyse data from 181 Shariah-compliant companies in Malaysia collected from 2007 to 2016. The research based on ROE analysis by segregating positive and negative ROE as the potential impact of COVID-19 in Malaysia. For companies of positive ROE, the decrease in the dividend payout and the company’s efficiency, and an increase in profitability will increase the sustainable growth rate. The company with negative ROE shows that the decrease in leverage and an increase in the company’s profitability and the company’s efficiency will result in the increased company’s sustainable growth rate. This research can be a guide for companies to the potential or experimental impact of the COVID-19 pandemic either for the company that gains profit or faces the financial losses. This paper also provides an understanding of the corporate sustainable growth rate facing negative and positive profitability in Malaysia. - Some of the metrics are blocked by yourconsent settings
Publication Correlation Assessment Between Working And Academic Performance(Semnan University, 2021) ;Nur Shahida Ab Fatah ;Nur Ainna Ramli ;Dian Darina Indah Daruis ;Farhana Diana Deris ;Noorsidi Aizuddin Mat NoorAslina BaharumWorking while studying is common, with at least half of all students taking a paid job at some point throughout their studies. By combining working and studying simultaneously will impact the academic performance of students. The main issues are the consequences of working while studying, which results in declining academic performance. This study aimed to identify possible reasons that cause students to work and study simultaneously, assess the correlation between work and academic performance, and determine the main barriers students face as they work and study. Using quantitative method, data was collected from 218 students from undergraduate and postgraduate, who have experienced study while working. Results show that most students agreed that working while studying correlates with academic performance. Furthermore, it is necessary to learn about the positive and negative effects of their efforts that distract them all this time. Having known all, these factors helped this study develop a good strategy for maintaining a better life while working and studying simultaneously. - Some of the metrics are blocked by yourconsent settings
Publication Determinants and Stability of Dividend Payment: The Case of Malaysian Public-Listed Shariah-Compliant Firms(UKM Press, Universiti Kebangsaan Malaysia, 2020) ;Fauzias Mat Nor ;Nur Ainna Ramli ;Ainulashikin MarzukiNorfhadzilahwati RahimThe purpose of this paper was to examine the determinants and stability of dividend payments in Malaysia from 2007 to 2016. The purposes of this research were (1) to analyse the stability of dividend per share, (2) to examine the determinants of dividend yield, and (3) to examine the effect of dividend per share on the sustainable growth rate of Shariah-compliant firms in Malaysia. Static model and dynamic model estimated using Generalised Method of Moment were used in this research. The results indicated that the stable earnings per share can afford the firms to pay a larger dividend. Futhermore, the higher dividend from the previous year with the lower speed adjustment indicated high smoothing and stability of dividend payment. The results on determinants of the dividend yield revealed the five factors that are lagged dividend yield, firm size, sales growth, leverage, and market value to book value have a significant impact on dividend yield, with lagged dividend yield and firm size showing a significant positive effect, while sales growth, leverage, and market value to book value have a significant negative impact. In addition, the results indicated that dividend per share had a significantly positive impact on the sustainable growth rate. The results of this study are important for the management team of companies to decide an appropriate dividend policy for the company to maintain a stable dividend payment and have the financial health of a company, These results also provided the understanding of dividend policy behaviour in Malaysia, particularly on Malaysian public-listed Shariah-compliant firms. - Some of the metrics are blocked by yourconsent settings
Publication Developing a Muslim Friendly Destination Criteria for Homestay Programme: A Conceptual Study(Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia (USIM), 2023) ;Suhaida Herni Suffarruddin ;Amalina Mursidi ;Hisham SabriNur Ainna RamliMuslim-friendly destination has become popular tourist attractions, providing visitors with the opportunity to explore the unique aspects of Islam. This growing interest presents an opportunity for industry players to shift the trend of tourism offerings. In this regard, homestay programme has the potential to become Muslim-friendly destinations for tourists. However, it is essential to determine to what extent Shariah-compliant practices should guide homestay operators in providing Muslim-friendly destinations. Hence, the objectiveof this study isto investigate the criteria that need to be considered to ensure Shariah compliance. Qualitative research techniques, such as in-depth interviews with coordinatorsof selected homestay programmes will be used to achieve the study objective. The results of thisinterview will be analysedusing thematic analysis techniques. The outcome of this study will serve as a benchmark for industry stakeholders in developing strategies for homestay programme development. Moreover, the criteria developed in this research will offer a shariah-compliant guide for promoting Muslim-friendly destinations in Malaysia. This is in line with the National Tourism Policy’s (DPN 2020-2030) objectives of achieving competitiveness, sustainability, inclusivity, and global recognition as a Muslim-friendly destination. - Some of the metrics are blocked by yourconsent settings
Publication Development of an Integrated Social Banking Framework: A Maqasidic Approach(Fakulti Ekonomi dan Muamalat, Universiti Sains Islam Malaysia, 2023) ;Junaidah Abu Seman ;Fauzias Mat Nor ;Syahidawati Shahwan ;Nurul Aini Muhamed ;Ainulashikin Marzuki ;Nur Ainna RamliNurul Syafiqah Mohamad NasirIslamic banking should expand its scope beyond commercial banking and actively contribute to all levels of the community by offering products and services, utilizing effective distribution channels, and engaging in sustainable activities. Although Islamic banks are evaluated based on financial performance, there is a notable absence of a mechanism to assess their social impact on society. Presently, social themes related to Islamic banking are scattered across various sustainability agendassuch as SDG, ESG, SRI, and CSR. This paper aims to develop an integrative framework that addresses and reconciles the fragmented aspects of Islamic social banking in line with the principles of Maqasid Shariah. This study employeda qualitative method whichwas conducted in twophases. In the first phase, content analysis wasutilized to construct social themes under SDG, ESG, SRI, CSR, and Maqasid Shariah. In the subsequent phase,semi-structured interviews were conducted to gain input fortheframeworkdevelopment. The integrated framework incorporates five(5)dimensions of Maqasid Shariah with corresponding thirteen (13)themes to measure Islamic banking practices. This framework has the potential to serve as a significant contributor to the development of comprehensive performance indicators for the effective implementation of social banking within the Islamic banking sector. Moreover, it plays a pivotal role in realizing the objectives outlined in Malaysia's Shared Prosperity Vision 2030. - Some of the metrics are blocked by yourconsent settings
Publication Does COVID-19 Affect A Firm’s Debt Level? Evidence From Shariah-Approved Firms in Malaysia (A Conceptual Framework) (Extended Abstract)(Fakulti Ekonomi dan Muamalat, Universiti Sains Islam Malaysia, 2022) ;Nurshamimitul Ezza Ramli ;Nur Ainna RamliNorasikin Salikin - Some of the metrics are blocked by yourconsent settings
Publication FULLTEXT : e-Proceedings: The 9th International Islamic Economic System Conference (I-iECONS 2021)(Universiti Sains Islam Malaysian, 2021-07) ;Suhaila Abdul Hamid ;Agoos Munalis Tahir ;Abdullah Mohammed Ahmed Ayedh ;Nor Haziah Hashim ;Muhammad Azrin Nazri ;Nur Ainna RamliHartini Mohammad - Some of the metrics are blocked by yourconsent settings
Publication The Impact of Website Interactivity in Crowdfunding Platform(Universiti Sains Islam Malaysia, 2021-07) ;Wan Nur Fazni Wan Mohamad Nazarie ;Aulia Rahman Zulkarnain ;Hanim Misbah ;Junaidah Abu Seman ;Nur Ainna RamliHafiza Abdul Hamid - Some of the metrics are blocked by yourconsent settings
Publication The Influence of ESG, SRI, Ethical, and Impact Investing Activities on Portfolio and Financial Performance—Bibliometric Analysis/Mapping and Clustering Analysis(MDPI, 2023) ;Ainulashikin Marzuki ;Fauzias Mat Nor ;Nur Ainna Ramli ;Mohamad Yazis Ali BasahMuhammad Ridhwan Ab. AzizThis paper aims to examine the publication metrics of literature related to the influential aspects of ESG (environmental, social, and governance), SRI (socially responsible investing), ethical, and impact investing on the portfolio and financial performance literature. It also seeks to identify major patterns and core themes in this topic and draw lessons from the past literature for future directions. Data from the SCOPUS database were used in this study. The ‘biblioshiny’ R package, also known as ‘bibliometrix 3.0’, was employed to conduct bibliometric analysis, utilising mapping and clustering techniques on 260 articles, in order to distil the comprehensive knowledge and identify emerging trends in ESG, SRI, ethical, and impact investing. The thematic map classified the ESG, SRI, ethical, impact investing and performance relationship themes into four categories of themes: niche themes (SRI, engagement and ESG), motor themes (corporate financial performance, corporate social performance, ESG, ESG factors, sustainability, performance, integrated reporting, gender diversity, and board size), emerging or declining themes (social responsibility, environmental performance, socially responsible investment, ethical investment, and SRI), and basic or transversal themes (financial performance, corporate social performance, ESG performance, environmental, social, and governance). Socially responsible investing, engagement, and ESG imply a position between niche themes and a highly developed topic/emerging or a decreasing theme, while the impact of COVID-19 on sustainability and financial performance implies a position between a highly developed topic/emerging or decreasing theme and a basic theme. The findings contribute to the enhanced understanding of ESG, SRI, ethical, impact investing and performance, which are crucial for an efficient capital market in promoting sustainability and sustainable development. The study offers vital practical implications and future research directions. - Some of the metrics are blocked by yourconsent settings
Publication Interrelation between Economic Sectors, Capital Structure and A Firm's Financial Performance The Indonesian Evidence(Econ Journals, 2017) ;Nur Ainna RamliGilbert NarteaWe study the comprehensive, simultaneous interrelationships between economic sectors (i.e., primary, secondary and tertiary sector), capital structure and performance, especially involving the mediation effects in different sectors. We find a direct relationship between some of the determinants of capital structure and firm financial performance within different economic sectors. We find a significant relationship between firm leverage and firm financial performance in the secondary and tertiary sectors but not for the primary sector. We find that the secondary sector tends to use internal financing while the tertiary sector tends to use external financing to enhance firm financial performance. Our results also reveal that the effect of firm leverage on firm financial performance tends to be mediated by firm- and country-specific attributes, as well as by the sector in which they operate. A closer examination of the data showed that in the economic sectors, we find robust results that there are not just positive direct and indirect effects, but also negative direct and indirect effects. - Some of the metrics are blocked by yourconsent settings
Publication Kampong Cooperative Development And Sustainability From MIZAN Principles: A Case Study At Negeri Sembilan(Co-operative Institute of Malaysia, 2019) ;Ummi Salwa Ahmad Bustamam ;Nuradli Ridzwan Shah Mohd Dali ;Nur Ainna Ramli ;Nur Shuhada Kamarudin ;Khatijah Othman ;Zulhamizan IsmailAsmaddy HarisThe world’s co-operative movement shows that co-operative continue to grow across the globe. In the Malaysian context, neo-endogenous development model has been a focus of many studies on future rural development policies for the 21st century wherein the supporting role of cooperatives may be acknowledged especially in terms of enhancing local capacity and establishing internal and external network. In Malaysia, transformative rural development embodying the characteristics of neoendogenous development model is embedded in several policies such as the Government Transformation Plan, Economic Transformation Plan and Rural Transformation Plan. However, the role of cooperatives in supporting neo-endogenous model through Sustainable Rural Development (SRD) is constrained by the limited involvement of households as cooperative members. Exploration into the potential of cooperative entrepreneurship is not an aberration. Throughout the world, thousands of cooperatives producing goods and services for the market and also providing social condition and job opportunities. Realizing the advantages of cooperative for community development especially in the village or kampong, this research seeks to understand the kampong cooperatives development and sustainability from the mizan principles. The word mizan in Arabic comes from the word wazana means balance and consistency, scales or measurement of an object. On the other view, mizan is a tool that shows the value of the scales or measurement of a thing measured or weighed. Mizan principles are al-ubudiyyah, as-syura, al-hurriyah and al-musawah. Those principles are important as guidelines in the process of kampong cooperative development and sustainability. Utilizing upon a qualitative research, a case study of three kampung cooperatives in Negeri Sembilan have been explored. Focus group interviews were conducted with the cooperative members, kampong development and security committee members (JKKK) and the villagers. It is found that all of four mizan principles have been utilized without realizing the importance of those principles due to knowledge lacking. The study also found that there are several issues that need to be addressed. - Some of the metrics are blocked by yourconsent settings
Publication The Mediating Effect of Leverage between the Relationship of Corporate Social Responsibility and Financial Performance: Malaysian Evidence(Universiti Sains Islam Malaysia, 2020-11-10) ;Ainulashikin Marzuki ;Nur Ainna RamliMuhamad Azrin NazriThe influence of corporate social responsibility (CSR) performance and firm leverage on financial performance have long been critical with regard to financial decision making. The greater the CSR performance of a company, the lower would be expected in terms of the cost of capital which motivates company to opt for debt, with higher debt, thus the higher is the financial performance of a company. However, when the firm leverage increases, both agency and bankruptcy costs increase rapidly as a result. Since firm leverage could have potential negative influence on financial performance, firm leverage could potentially become the mediator variable in the influence of CSR and financial performance. This study examines if there is a mediating role played by leverage between the CSR and financial performance. In this paper we use environmental, social and governance (ESG) rating as a proxy for CSR, total debt ratio as proxy for leverage and Return on Asset (ROA) and Return on Equity (ROE) as measures for firm financial performance. The results show that there is significantly positive relationship between CSR and firm financial performance as well as between leverage and financial performance. Even though there is positive relationship between CSR and leverage, the influence is insignificant. Thus, there is no mediation role played by the leverage between CSR and financial performance. The insignificant mediating role of leverage could possibly due to average low debt ratio among companies in the sample. - Some of the metrics are blocked by yourconsent settings
Publication The Mediating Effects of Sustainable Growth Rate: Evidence from the Perspective of Shariah Compliant Companies(Cogent OA- Taylor & Francis, 2022) ;Nur Ainna Ramli ;Norfhadzilahwati Rahim ;Fauzias Mat NorAinulashikin MarzukiWe aim to investigate the sustainable growth rate that mediate the relationship between the firm specific factors and share price performance. The existing literature provides inadequate findings on the relationship between the firm specific factors and share price performance; there is an implicit assumption that this relationship is direct. An alternative perspective that has received less attention in the literature posits that this relationship can be mediated by the sustainable growth rate, especially from the perspective of Shariah-compliant companies. Using STATA software, we conducted structural equation model (SEM) to analyse data from 181 Shariah-compliant companies in Malaysia collected from 2007 to 2016. According to our results, the Shariah-compliant sample meets SEM requirements, such that the sustainable growth rate shows a significant relationship with share price performance. According to mediation effect results, capital structure, dividend policy, profitability and firm size are considered “indirect-only mediator”. These results demonstrate that certain factors influence the sustainable growth rate, including the planning and managing of a firm’s financial and operational activities. The sustainable growth rate is important for helping firms to manage, guide, control and plan their operating and financial strategies. The sustainable growth rate can also improve financial performance and assist managers with financing decisions. The findings of this study can be used as a reference for future studies that examine other aspects of the sustainable growth rate, especially across sectors, to determine how firms can more successfully manage financial and operating activities. - Some of the metrics are blocked by yourconsent settings
Publication The Mediation Effects Of Capital Structure: Evidence From Malaysian And Indonesian Economic Sectors(Mathematical Statistician and Engineering Applications, 2022) ;Nur Ainna Ramli ;Gilbert Nartea ;Ahmad Fadly Nurullah RasedeeAslina BaharumWe study the comprehensive, simultaneous interrelationships between countries, economic sectors (i.e., primary, secondary, andtertiary sector), capital structure and firm financial performance, especially involving the mediation effects in different sectors. We find that some determinants of capital structure do not only directly enhance firm financial performance. Firm financial performance is also influenced by how capital structure from the product category in the economic sectors have been financed. We find a significant relationship between capital structure and firm financial performance in the secondary and tertiary sectors but not for the primary sector. We find that the secondary sector tends to use internal financing while the tertiary sector tends to use external financing to enhance firm financial performance. Our results also reveal that the effect of capital structure on firm financial performance tends to be mediated by firm-and country-specific attributes, as well as by the sector in which they operate. A closer examination of the data showed that in the economic sectors, we find robust results that there are not just positive direct and indirect effects, but also negative direct and indirect effects. It should be well understood by financial managers that secondary and tertiary sectors plays an important role in the mediation effect. The contribution of this study is to help the firm manager to make a good decision on the proportions of their capital structure - Some of the metrics are blocked by yourconsent settings
Publication Mergers And Acquisitions In Islamic Banking Sector: An Empirical Analysis On Size Effect, Market Structure, And Operational Performance(inderscience publisher, 2022) ;Fauzias Mat Nor ;Nazim Ullah ;Junaidah Abu Seman ;Nur Ainna RamliAhmad Fadly Nurullah Bin RasedeeThe corporate expansion approach is mergers and acquisitions. The paper aims to analyse the impact of mergers and acquisitions on the Islamic banking sector’s operational performance. This study uses empirical research methodologies, such as panel data regression, to examine samples of ten Islamic banks involved in M&A from six countries, gathered from the International Monetary Fund, World Bank, FicthConnect, and Bloomberg from 2004Q1 to 2020Q4. Accounting-based measurements are used to quantify operational success, whereas the Herfindahl-Hirschman index and the concentration ratio are used to signify market structure. To estimate M&A results, Stata Package 14.2 is used (five years pre and five years post). According to the findings, M&A improve the operational performance of Islamic banks. In addition, small-sized banks outperform large and medium-sized banks, with market structure (LHHI) degrades M&A performance. Therefore, the paper suggests that Islamic banks should be involved in M&A deals and remove the constraints of size