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Signalling indicator of sustainability financial performance in the travel, leisure, and hospitality service industry / Wong Vui Ken & Saizal Pinjaman

This study sought to determine the signal indicator of fundamental and macroeconomic factors on the stock price in Malaysia. The study used dynamic panel data analysis of the system Generalized Method of Moments for 23 listed companies in the Travel, Leisure, and Hospitality industry. The study cove...

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Main Authors: Wong, Vui Ken, Pinjaman, Saizal
Format: Article
Language:English
Published: Universiti Teknologi MARA Cawangan Sarawak 2022
Subjects:
H Social Sciences (General)
Panel analysis
Personnel management. Employment management
Online Access:https://ir.uitm.edu.my/id/eprint/68193/1/68193.pdf
https://ir.uitm.edu.my/id/eprint/68193/
http://www.ijsmssarawak.com/
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spelling my.uitm.ir.681932022-10-09T07:48:39Z https://ir.uitm.edu.my/id/eprint/68193/ Signalling indicator of sustainability financial performance in the travel, leisure, and hospitality service industry / Wong Vui Ken & Saizal Pinjaman Wong, Vui Ken Pinjaman, Saizal H Social Sciences (General) Panel analysis Personnel management. Employment management This study sought to determine the signal indicator of fundamental and macroeconomic factors on the stock price in Malaysia. The study used dynamic panel data analysis of the system Generalized Method of Moments for 23 listed companies in the Travel, Leisure, and Hospitality industry. The study covered the period from 2013 to 2019. Asymmetric information existed due to the law of supply and demand holding true, leading investors to have different perceptions of the fundamental and macroeconomic factors and stepping forward in decision-making. Inconclusive results regarding both factors limited the industry to determine the main signal indicator. The findings indicate that investors have a different awareness of the performance of the previous year's stock price, operating cash flow, and inflation rate. The yearly performance of operating cash flow could be emphasized to encourage existing or potential investors to remain with the invested companies. This is because the current stock price may positively affect the following year's performance. Universiti Teknologi MARA Cawangan Sarawak 2022-09 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/68193/1/68193.pdf Signalling indicator of sustainability financial performance in the travel, leisure, and hospitality service industry / Wong Vui Ken & Saizal Pinjaman. (2022) International Journal of Service Management and Sustainability (IJSMS), 7 (2). pp. 139-154. ISSN 0128-3057 http://www.ijsmssarawak.com/
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 H Social Sciences (General)
Panel analysis
Personnel management. Employment management
spellingShingle H Social Sciences (General)
Panel analysis
Personnel management. Employment management
Wong, Vui Ken
Pinjaman, Saizal
Signalling indicator of sustainability financial performance in the travel, leisure, and hospitality service industry / Wong Vui Ken & Saizal Pinjaman
description This study sought to determine the signal indicator of fundamental and macroeconomic factors on the stock price in Malaysia. The study used dynamic panel data analysis of the system Generalized Method of Moments for 23 listed companies in the Travel, Leisure, and Hospitality industry. The study covered the period from 2013 to 2019. Asymmetric information existed due to the law of supply and demand holding true, leading investors to have different perceptions of the fundamental and macroeconomic factors and stepping forward in decision-making. Inconclusive results regarding both factors limited the industry to determine the main signal indicator. The findings indicate that investors have a different awareness of the performance of the previous year's stock price, operating cash flow, and inflation rate. The yearly performance of operating cash flow could be emphasized to encourage existing or potential investors to remain with the invested companies. This is because the current stock price may positively affect the following year's performance.
format Article
author Wong, Vui Ken
Pinjaman, Saizal
author_facet Wong, Vui Ken
Pinjaman, Saizal
author_sort Wong, Vui Ken
title Signalling indicator of sustainability financial performance in the travel, leisure, and hospitality service industry / Wong Vui Ken & Saizal Pinjaman
title_short Signalling indicator of sustainability financial performance in the travel, leisure, and hospitality service industry / Wong Vui Ken & Saizal Pinjaman
title_full Signalling indicator of sustainability financial performance in the travel, leisure, and hospitality service industry / Wong Vui Ken & Saizal Pinjaman
title_fullStr Signalling indicator of sustainability financial performance in the travel, leisure, and hospitality service industry / Wong Vui Ken & Saizal Pinjaman
title_full_unstemmed Signalling indicator of sustainability financial performance in the travel, leisure, and hospitality service industry / Wong Vui Ken & Saizal Pinjaman
title_sort signalling indicator of sustainability financial performance in the travel, leisure, and hospitality service industry / wong vui ken & saizal pinjaman
publisher Universiti Teknologi MARA Cawangan Sarawak
publishDate 2022
url https://ir.uitm.edu.my/id/eprint/68193/1/68193.pdf
https://ir.uitm.edu.my/id/eprint/68193/
http://www.ijsmssarawak.com/
_version_ 1746213099176722432
score 13.211869

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