Does Securitization for Government Staff Personal Loan Perform?

  • Authors

    • Mohammed Hariri bin Bakri
    • Nurayati Dabas
    • Shafinar Ismail
    • Baharom Abdul Hamid
    2018-08-08
    https://doi.org/10.14419/ijet.v7i3.21.17171
  • Primary Market Spread, Financial Performance, Profitability Capacity, Dividend Payments A.

  • Abstract

    Malaysian firms have been reported to involve in Asset-Backed Securities since 1986s where Cagamas is a pioneer. The objective of this study to determine the primary market spread and analyze on firm financial performance. The methodology for this paper using regression analysis for the study period 2007-2012. They are three determinants that contribute and statistically significant for this research paper. The measurement of financial performance does not have any impact during subprime mortgage crisis. The firm results shows increasing profitability, reducing debt, stronger company value and shareholders earning better dividend.

     

     

  • References

    1. [1] Sahiq ANM, Rahman NHA, Ismail S, Bakri MH, Husin A, Ali R. A Conceptual Study on the Role of Waqf in Developing Successful Young Entrepreneurs. Advanced Science Letters. 2016;22(12):4477-80.

      [2] Fabozzi FJ, Vink D. Determinants of primary market spreads on UK residential mortgage-backed securities and the implications for investor reliance on credit ratings. The Journal of Fixed Income. 2012;21(3):7-14.

      [3] Vink D, Thibeault AE. An empirical analysis of asset-backed securitization. 2008.

      [4] Bakri M, Ali R, Ismail S. The Study of Residential Mortgage Backed Securities During Subprime Mortgage: Malaysian Experience. Advanced Science Letters. 2015;21(5):1468-72.

      [5] Idris NH, Yazid ZA, Faique FA, Daud S, Ismail S, Bakri MH, et al. Financial Literacy and Debt Burden Among Malay Youth Workers in Malaysia. Advanced Science Letters. 2016;22(12):4288-92.

      [6] Ayotte K, Gaon S. Asset-backed securities: costs and benefits of bankruptcy remoteness. 2005.

      [7] Ali R, Ismail S, Bakri M. Proposed Islamic Educational Loan-backed Securities for Quality Life of University Graduates in Malaysia. Procedia-Social and Behavioral Sciences. 2015;201:85-92.

      [8] Rahman A, Hayati N, Sahiq M, Nadiah A, Ismail S, Bakri MH, et al. Antecedents of a successful business venture for young entrepreneurs. Advanced Science Letters. 2016;22(12):4485-8.

      [9] Ismail S, Faique FA, Bakri MH, Zain ZM, Idris NH, Yazid ZA, et al. The Role of Financial Self-Efficacy Scale in Predicting Financial Behavior. Advanced Science Letters. 2017;23(5):4635-9.

      [10] White H. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica: Journal of the Econometric Society. 1980:817-38.

      [11] Merton RC. On the pricing of corporate debt: The risk structure of interest rates. The Journal of finance. 1974;29(2):449-70.

      [12] Bakri MH, Dabas N, Ismail S, Hamid BA. Islamic Student Financing Back Securitization in Malaysia. Advanced Science Letters. 2017;23(9):8090-3.

  • Downloads

  • How to Cite

    Hariri bin Bakri, M., Dabas, N., Ismail, S., & Abdul Hamid, B. (2018). Does Securitization for Government Staff Personal Loan Perform?. International Journal of Engineering & Technology, 7(3.21), 267-269. https://doi.org/10.14419/ijet.v7i3.21.17171

    Received date: 2018-08-08

    Accepted date: 2018-08-08

    Published date: 2018-08-08