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Determinants of entry into Malaysian palm oil refinery industry

The palm oil refinery industry continued to rise as Malaysia’s key trade, following the nation’s transitional economy in the early 1970s. Known as the workhorse of its industry, palm oil refinery began to boom with the early establishment of refineries in several states throughout east and west Mala...

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Main Authors: Choo, Sze Yi, Radam, Alias, Hassan, Azman, Shamsudin, Mad Nasir
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2018
Online Access:http://psasir.upm.edu.my/id/eprint/16070/1/Determinants%20of%20entry%20into%20Malaysian%20palm%20oil%20refinery%20industry.pdf
http://psasir.upm.edu.my/id/eprint/16070/
http://www.ukm.my/fep/jem/content/2018-2.html
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spelling my.upm.eprints.160702019-11-12T06:39:37Z http://psasir.upm.edu.my/id/eprint/16070/ Determinants of entry into Malaysian palm oil refinery industry Choo, Sze Yi Radam, Alias Hassan, Azman Shamsudin, Mad Nasir The palm oil refinery industry continued to rise as Malaysia’s key trade, following the nation’s transitional economy in the early 1970s. Known as the workhorse of its industry, palm oil refinery began to boom with the early establishment of refineries in several states throughout east and west Malaysia. However, in recent years, it was reported that the establishment of licensed refineries in the country recorded a rise in numbers, and yet the companies did not step up into the market as planned. The issue of industrial competitiveness was put into question by the decreasing rate of new entrants. In this study, the logit model was adopted to identify entry-related factors in the industry. The prescribed period of study was set between 2005 and 2013, involving 52 firms in operation in the Malaysian palm oil refining industry, where their annual reports were obtained from the Companies Commission of Malaysia (CCM). The empirical results implied that profit, distribution, marketing intensity, coupled with minimum efficient scale and growth were all significant and carried the correct coefficient signs. Penerbit Universiti Kebangsaan Malaysia 2018 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/16070/1/Determinants%20of%20entry%20into%20Malaysian%20palm%20oil%20refinery%20industry.pdf Choo, Sze Yi and Radam, Alias and Hassan, Azman and Shamsudin, Mad Nasir (2018) Determinants of entry into Malaysian palm oil refinery industry. Jurnal Ekonomi Malaysia, 52 (2). pp. 209-217. ISSN 0126-1962 http://www.ukm.my/fep/jem/content/2018-2.html 10.17576/JEM-2018-5202-17
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description The palm oil refinery industry continued to rise as Malaysia’s key trade, following the nation’s transitional economy in the early 1970s. Known as the workhorse of its industry, palm oil refinery began to boom with the early establishment of refineries in several states throughout east and west Malaysia. However, in recent years, it was reported that the establishment of licensed refineries in the country recorded a rise in numbers, and yet the companies did not step up into the market as planned. The issue of industrial competitiveness was put into question by the decreasing rate of new entrants. In this study, the logit model was adopted to identify entry-related factors in the industry. The prescribed period of study was set between 2005 and 2013, involving 52 firms in operation in the Malaysian palm oil refining industry, where their annual reports were obtained from the Companies Commission of Malaysia (CCM). The empirical results implied that profit, distribution, marketing intensity, coupled with minimum efficient scale and growth were all significant and carried the correct coefficient signs.
format Article
author Choo, Sze Yi
Radam, Alias
Hassan, Azman
Shamsudin, Mad Nasir
spellingShingle Choo, Sze Yi
Radam, Alias
Hassan, Azman
Shamsudin, Mad Nasir
Determinants of entry into Malaysian palm oil refinery industry
author_facet Choo, Sze Yi
Radam, Alias
Hassan, Azman
Shamsudin, Mad Nasir
author_sort Choo, Sze Yi
title Determinants of entry into Malaysian palm oil refinery industry
title_short Determinants of entry into Malaysian palm oil refinery industry
title_full Determinants of entry into Malaysian palm oil refinery industry
title_fullStr Determinants of entry into Malaysian palm oil refinery industry
title_full_unstemmed Determinants of entry into Malaysian palm oil refinery industry
title_sort determinants of entry into malaysian palm oil refinery industry
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2018
url http://psasir.upm.edu.my/id/eprint/16070/1/Determinants%20of%20entry%20into%20Malaysian%20palm%20oil%20refinery%20industry.pdf
http://psasir.upm.edu.my/id/eprint/16070/
http://www.ukm.my/fep/jem/content/2018-2.html
_version_ 1651869005398409216
score 13.211869

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