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Evaluating Company's Performance Using Multiple Discriminant Analysis: A Study On Shariah Compliance Companies

The global business environment is really demanding the investors to be prepared with the emerging and dynamic markets. Measuring company's performance is important for management, shareholders, government, customers, suppliers and other stakeholders that have importance or linkage with the...

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Main Authors: Nuradli Ridzwan Shah Mohd Dali, Hamdi Hakeim Mudasir, Suhaila Abdul Hamid
Format: Research Report
Language:English
Published: Universiti Sains Islam Malaysia 2015
Online Access:http://ddms.usim.edu.my/handle/123456789/7773
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spelling my.usim-77732017-03-02T07:44:46Z Evaluating Company's Performance Using Multiple Discriminant Analysis: A Study On Shariah Compliance Companies Nuradli Ridzwan Shah Mohd Dali Hamdi Hakeim Mudasir Suhaila Abdul Hamid The global business environment is really demanding the investors to be prepared with the emerging and dynamic markets. Measuring company's performance is important for management, shareholders, government, customers, suppliers and other stakeholders that have importance or linkage with the wealth distribution directly or indirectly. To evaluate company's performance, we need tools that can be used to measure the performance and one of most popular tools is the financial ratio analysis. This paper will explore the use of alpha Jensen technique to classify the shariah compliance companies in the Main Board of Bursa Malaysia into two categories i.e. performing and non performing. Then the result would be used with the companies 20 financial ratios to identify the model that could discriminate the performing and non performing companies using multiple discriminant analysis. The study found that only shareholders fund / share ratio is significantly contributing to the discriminant function. 2015-03-05T08:07:33Z 2015-03-05T08:07:33Z 2006 Research Report http://ddms.usim.edu.my/handle/123456789/7773 en Universiti Sains Islam Malaysia
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
description The global business environment is really demanding the investors to be prepared with the emerging and dynamic markets. Measuring company's performance is important for management, shareholders, government, customers, suppliers and other stakeholders that have importance or linkage with the wealth distribution directly or indirectly. To evaluate company's performance, we need tools that can be used to measure the performance and one of most popular tools is the financial ratio analysis. This paper will explore the use of alpha Jensen technique to classify the shariah compliance companies in the Main Board of Bursa Malaysia into two categories i.e. performing and non performing. Then the result would be used with the companies 20 financial ratios to identify the model that could discriminate the performing and non performing companies using multiple discriminant analysis. The study found that only shareholders fund / share ratio is significantly contributing to the discriminant function.
format Research Report
author Nuradli Ridzwan Shah Mohd Dali
Hamdi Hakeim Mudasir
Suhaila Abdul Hamid
spellingShingle Nuradli Ridzwan Shah Mohd Dali
Hamdi Hakeim Mudasir
Suhaila Abdul Hamid
Evaluating Company's Performance Using Multiple Discriminant Analysis: A Study On Shariah Compliance Companies
author_facet Nuradli Ridzwan Shah Mohd Dali
Hamdi Hakeim Mudasir
Suhaila Abdul Hamid
author_sort Nuradli Ridzwan Shah Mohd Dali
title Evaluating Company's Performance Using Multiple Discriminant Analysis: A Study On Shariah Compliance Companies
title_short Evaluating Company's Performance Using Multiple Discriminant Analysis: A Study On Shariah Compliance Companies
title_full Evaluating Company's Performance Using Multiple Discriminant Analysis: A Study On Shariah Compliance Companies
title_fullStr Evaluating Company's Performance Using Multiple Discriminant Analysis: A Study On Shariah Compliance Companies
title_full_unstemmed Evaluating Company's Performance Using Multiple Discriminant Analysis: A Study On Shariah Compliance Companies
title_sort evaluating company's performance using multiple discriminant analysis: a study on shariah compliance companies
publisher Universiti Sains Islam Malaysia
publishDate 2015
url http://ddms.usim.edu.my/handle/123456789/7773
_version_ 1645152257661992960
score 13.211869

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