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Simplified search suggestions : Aik Nai Chiek

Structural relationship between occupational safety and health administration practices, OHSAS 18001 efforts and performance

Auni Fatin Nadia Chiek Desa

Abstract

The aim of this study is to develop a model that incorporates Occupational Safety and Health Administration Practices (OSHAP), OHSAS 18001 efforts and Occupational Safety and Health Administration Performance (OSHAPM) in Malaysian automotive suppliers. Every company in manufacturing industry is compulsory to have a certification of safety to reduce accident or incident caused. However, before they have the certification they should implement OSHAP to decrease the management cost. A survey through questionnaire was conducted to determine the level of OSHAP implementation, OHSAS 18001 Efforts as well as OSHAPM measurement. 278 sets of questionnaire were successfully collected that brought to 69.50% response rate. Structural equation modelling technique was utilized to perform the required statistical analysis of the data survey. In order to test the reliability and validity of the instruments, reliability analysis, exploratory factor analysis and confirmatory factor analysis were carried.....

Thesis Published 2015 3007 hits Available

Working capital management and financial performance of Malaysian construction sector companies

Aik, Nai-Chiek

Abstract

This study examines the effects of working capital management on financial performance of construction companies listed in Bursa Malaysia for the period of 2012 to 2016. The findings show that only a shortening collection period and a positive working capital are significant to improve financial performance of local construction firms. An effective working capital management however does not contribute significantly to operating cash flow and share price of construction firms in Malaysia. The findings of this study suggest the management of account receivable is the most critical factor to improve financial performance for the local construction firms...

Article Published 2019 1308 hits Available

The cyclic relationship between environmental, social and governance (ESG) disclosure and corporate financial performance (CFP) in a regional economy

Aik, Nai Chiek

Abstract

The main purpose of this study is to examine the existence of cycle relationship between ESG disclosure and financial performance of listed companies in Malaysia, Singapore and Thailand. The secondary data of total 140 companies was extracted from Bloomberg database for period 2011 to 2016. The ESG disclosure of corporate is represented by ESG disclosure score, while earnings per share (EPS) is used to measure the corporate financial performance (CFP). Two years lag effect was assumed in this study to test how CFP in period 1 (2011-2012) influences ESG disclosure score in period 2 (2012-2014), and how period 2 ESG disclosure score affects the subsequent CFP, which is defined as CFP in period 3 (2015-2016). The empirical results of this study found significant positive (negative) cyclic relationship for Malaysian (Singaporean) companies, while no significant cyclic relationship is found for companies in Thailand. The findings suggest that only Malaysian companies gain the financial appr.....

Article Published 2021 837 hits Available

A comparison of forecast accuracy among stock pricing models: evidence from Malaysian listed companies

Aik, Nai-Chiek

Abstract

Discovering the best model that is able to predict equity values that most closely approximate the actual equity values observed in the market place has always been an area of concern for financial analysts and other stakeholders. This paper tackles this issue by comparing various stock valuation models in terms of their relative forecast accuracy in the Malaysia context. The findings reveal that PE (Price-to-Earnings) model produced the lowest mean absolute forecast error for the overall sample companies as well as in the perspective of large firm size. The results indicate that PE model generally outperforms DGM (Dividend Growth) model and OCF (Operating Cash Flow) model and hence conclude that PE model is the most robust model among stock pricing models. As such, all stakeholders should focus more on information conveyed by earnings in order to enhance their forecast of stock prices. Keywords Forecast accuracy, Stock pricing models...

Article Published 2012 76 hits Available

Effects of corporate diversification on firm excess value in Malaysia: a study on Malaysian listed companies

Aik, Nai-Chiek

Abstract

This paper examines whether corporate diversification will have any effects on firm excess value in Malaysia and whether diversification will enhance the firm value when companies diversify to more segments. The findings reveal that diversification destroys firm excess value in Malaysia during year 2006 to 2008. Furthermore, the higher of a firm_s diversification level, the lower firm value it has, suggesting single-segmented firms in Malaysia perform better than multi-segmented firms. The Malaysian firms should therefore invest surplus fund in their core business operations as diversification does not add value to portfolio. Keywords Corporate diversification, firm excess value, (another three keywords)..

Article Published 2013 63 hits Available

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