Research in an emerging Malaysian capital market: a guide to future direction

In this paper, a number of key findings from published research studies on the Malaysian capital markets are summarized. There are close to 70 emerging markets in the world, and the local financial and capital markets share many of the peculiarities of these emerging markets. Based on the evidence...

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Main Authors: Ramadilli Mohd, Shamsher Mohamad, Hassan, Taufiq, Syed Mohamed, Mohamed Ariff
Format: Article
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2007
Online Access:http://psasir.upm.edu.my/id/eprint/712/1/Research%20in%20an%20emerging%20Malaysian%20capital%20market.pdf
http://psasir.upm.edu.my/id/eprint/712/
http://econ.upm.edu.my/ijem/vol1_no2.htm
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spelling my.upm.eprints.7122015-10-29T23:53:37Z http://psasir.upm.edu.my/id/eprint/712/ Research in an emerging Malaysian capital market: a guide to future direction Ramadilli Mohd, Shamsher Mohamad Hassan, Taufiq Syed Mohamed, Mohamed Ariff In this paper, a number of key findings from published research studies on the Malaysian capital markets are summarized. There are close to 70 emerging markets in the world, and the local financial and capital markets share many of the peculiarities of these emerging markets. Based on the evidence of local share market behavior, although the market is highly volatile similar in characteristic with all emerging markets, we conclude that the local share market could be grouped among the ten most liquid and orderly emerging markets in the world with a long-run return of 18% per annum and a risk-free rate of 6%. However, the local share and bond markets behave in ways that are much closer to the more developed markets. In some respects, as will be shown in this study, research evidence on the local market is similar to the findings reported of the behavior of the 30 more developed matured markets. Faculty of Economics and Management, Universiti Putra Malaysia 2007-06 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/712/1/Research%20in%20an%20emerging%20Malaysian%20capital%20market.pdf Ramadilli Mohd, Shamsher Mohamad and Hassan, Taufiq and Syed Mohamed, Mohamed Ariff (2007) Research in an emerging Malaysian capital market: a guide to future direction. International Journal of Economics and Management, 1 (2). pp. 173-202. ISSN 1823-836X http://econ.upm.edu.my/ijem/vol1_no2.htm
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 In this paper, a number of key findings from published research studies on the Malaysian capital markets are summarized. There are close to 70 emerging markets in the world, and the local financial and capital markets share many of the peculiarities of these emerging markets. Based on the evidence of local share market behavior, although the market is highly volatile similar in characteristic with all emerging markets, we conclude that the local share market could be grouped among the ten most liquid and orderly emerging markets in the world with a long-run return of 18% per annum and a risk-free rate of 6%. However, the local share and bond markets behave in ways that are much closer to the more developed markets. In some respects, as will be shown in this study, research evidence on the local market is similar to the findings reported of the behavior of the 30 more developed matured markets.
format Article
author Ramadilli Mohd, Shamsher Mohamad
Hassan, Taufiq
Syed Mohamed, Mohamed Ariff
spellingShingle Ramadilli Mohd, Shamsher Mohamad
Hassan, Taufiq
Syed Mohamed, Mohamed Ariff
Research in an emerging Malaysian capital market: a guide to future direction
author_facet Ramadilli Mohd, Shamsher Mohamad
Hassan, Taufiq
Syed Mohamed, Mohamed Ariff
author_sort Ramadilli Mohd, Shamsher Mohamad
title Research in an emerging Malaysian capital market: a guide to future direction
title_short Research in an emerging Malaysian capital market: a guide to future direction
title_full Research in an emerging Malaysian capital market: a guide to future direction
title_fullStr Research in an emerging Malaysian capital market: a guide to future direction
title_full_unstemmed Research in an emerging Malaysian capital market: a guide to future direction
title_sort research in an emerging malaysian capital market: a guide to future direction
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2007
url http://psasir.upm.edu.my/id/eprint/712/1/Research%20in%20an%20emerging%20Malaysian%20capital%20market.pdf
http://psasir.upm.edu.my/id/eprint/712/
http://econ.upm.edu.my/ijem/vol1_no2.htm
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score 13.211869