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Determinants of personal bankruptcy in Malaysia / Sharifah Heryati Syed Nor

Personal bankruptcy is on the rise in Malaysia. Malaysia Department of Insolvency reported that personal bankruptcy has increased since 2007, and the total accumulated personal bankruptcy cases stood at 131,282 in 2014. This is indeed an alarming issue because the increasing number of personal bankr...

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Main Author: Syed Nor, Sharifah Heryati
Format: Thesis
Language:English
Published: 2018
Subjects:
Management. Industrial Management
Online Access:http://ir.uitm.edu.my/id/eprint/27101/1/TP_SHARIFAH%20HERYATI%20SYED%20NOR%20BM%2018_5.pdf
http://ir.uitm.edu.my/id/eprint/27101/
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spelling my.uitm.ir.271012020-01-14T03:45:16Z http://ir.uitm.edu.my/id/eprint/27101/ Determinants of personal bankruptcy in Malaysia / Sharifah Heryati Syed Nor Syed Nor, Sharifah Heryati Management. Industrial Management Personal bankruptcy is on the rise in Malaysia. Malaysia Department of Insolvency reported that personal bankruptcy has increased since 2007, and the total accumulated personal bankruptcy cases stood at 131,282 in 2014. This is indeed an alarming issue because the increasing number of personal bankruptcy cases will have a negative impact on the Malaysian economy as well as on the society. From the aspect of individual's personal economy, bankruptcy minimizes their chances of securing a job. Apart from that, their account will be frozen, lost control on their assets and properties and not allowed to start any business nor be a part of any company's management. Bankrupts also will be denied from any loan application, restricted from travelling overseas, and cannot act as a guarantor. This study thoroughly investigate this problem by determining the profiles of bankruptcy cases, developing the personal bankruptcy credit scoring models, identifying the significant variables of personal bankruptcy and comparing the performance of the credit scoring models. In this study, bankrupt is defined as terminated members who failed to settle their loans. The sample comprised of 24,546 cases with 17% settled cases and 83% terminated cases. The data included a dependent variable, i.e., bankruptcy status (Y=l(bankrupt), Y=0(nonbankrupt)), and 12 predictors. Upon completion, this study succeeds to come out with the profiles of bankrupts, reliable personal bankruptcy scoring models and significant variables of personal bankruptcy. The findings of this study are very useful and significant to banks, creditors, Malaysia Department of Insolvency, potential borrowers, members of AKPK and the society in general on the awareness and the risk of personal bankruptcy and such information may help them to make personal bankruptcy prediction and to take preventive or corrective measures in reducing the number of personal bankruptcy cases. It is hoped that this study will be a cornerstone for further development and improvisation, especially as more information and data become available or accessible. 2018 Thesis NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/27101/1/TP_SHARIFAH%20HERYATI%20SYED%20NOR%20BM%2018_5.pdf Syed Nor, Sharifah Heryati (2018) Determinants of personal bankruptcy in Malaysia / Sharifah Heryati Syed Nor. PhD thesis, Universiti Teknologi MARA.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Management. Industrial Management
spellingShingle Management. Industrial Management
Syed Nor, Sharifah Heryati
Determinants of personal bankruptcy in Malaysia / Sharifah Heryati Syed Nor
description Personal bankruptcy is on the rise in Malaysia. Malaysia Department of Insolvency reported that personal bankruptcy has increased since 2007, and the total accumulated personal bankruptcy cases stood at 131,282 in 2014. This is indeed an alarming issue because the increasing number of personal bankruptcy cases will have a negative impact on the Malaysian economy as well as on the society. From the aspect of individual's personal economy, bankruptcy minimizes their chances of securing a job. Apart from that, their account will be frozen, lost control on their assets and properties and not allowed to start any business nor be a part of any company's management. Bankrupts also will be denied from any loan application, restricted from travelling overseas, and cannot act as a guarantor. This study thoroughly investigate this problem by determining the profiles of bankruptcy cases, developing the personal bankruptcy credit scoring models, identifying the significant variables of personal bankruptcy and comparing the performance of the credit scoring models. In this study, bankrupt is defined as terminated members who failed to settle their loans. The sample comprised of 24,546 cases with 17% settled cases and 83% terminated cases. The data included a dependent variable, i.e., bankruptcy status (Y=l(bankrupt), Y=0(nonbankrupt)), and 12 predictors. Upon completion, this study succeeds to come out with the profiles of bankrupts, reliable personal bankruptcy scoring models and significant variables of personal bankruptcy. The findings of this study are very useful and significant to banks, creditors, Malaysia Department of Insolvency, potential borrowers, members of AKPK and the society in general on the awareness and the risk of personal bankruptcy and such information may help them to make personal bankruptcy prediction and to take preventive or corrective measures in reducing the number of personal bankruptcy cases. It is hoped that this study will be a cornerstone for further development and improvisation, especially as more information and data become available or accessible.
format Thesis
author Syed Nor, Sharifah Heryati
author_facet Syed Nor, Sharifah Heryati
author_sort Syed Nor, Sharifah Heryati
title Determinants of personal bankruptcy in Malaysia / Sharifah Heryati Syed Nor
title_short Determinants of personal bankruptcy in Malaysia / Sharifah Heryati Syed Nor
title_full Determinants of personal bankruptcy in Malaysia / Sharifah Heryati Syed Nor
title_fullStr Determinants of personal bankruptcy in Malaysia / Sharifah Heryati Syed Nor
title_full_unstemmed Determinants of personal bankruptcy in Malaysia / Sharifah Heryati Syed Nor
title_sort determinants of personal bankruptcy in malaysia / sharifah heryati syed nor
publishDate 2018
url http://ir.uitm.edu.my/id/eprint/27101/1/TP_SHARIFAH%20HERYATI%20SYED%20NOR%20BM%2018_5.pdf
http://ir.uitm.edu.my/id/eprint/27101/
_version_ 1685650225641816064
score 13.211869

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