Article Per Year (5 Year)
p-Index From 2020 - 2025
0.408
P-Index
This Author published in this journals
All Journal Journal of Indonesian Economy and Business International Journal of Social Science and Business Indonesian Capital Market Review Social & Economic Bulletin
Zamri Ahmad
School of Management Universiti Sains Malaysia
Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences

Published : 5 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 5 Documents
Search

 1 
BAD NEWS ANNOUNCEMENT ON INVESTOR’S MONDAY IRRATIONALITY: INSIGHT FROM MALAYSIA Brahmana, Rayenda; Hooy, Chee-Wooi; Ahmad, Zamri
Journal of Indonesian Economy and Business Vol 27, No 2 (2012): May
Publisher : Journal of Indonesian Economy and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (232.371 KB)

Abstract

The lack of empirical dossiers on the examination of the weekend effect causes intrigues us to investigate its determinant in the trading behaviour perspective. Employingone traditional interaction dummy model, and one day-by-day model, we found the market index and size-based portfolios of weekend effect have been driven by the attention of investor. Further, under the attention bias hypothesis, we confirm that investor’s irrationality during Monday is the driver of the anomaly because of its heuristical bias judgment. We address the difficulties that investors face on searching the thousands of stocks they can potentially deal on the first trading day as the rationalization. In a short, our findings surmise that attention bias is the driver of investor irrationality on Monday and resulting Weekend Effect.Keywords: weekend anomaly, bad news, attention bias, Malaysia stock market
The Relationship between the Movements of Capital Markets in Developed Economies and Their Emerging Market Counterparts in The Asian Paciic Region Azizah, Noor Azlinna; Ahmad, Zamri
The Indonesian Capital Market Review Vol. 1, No. 2
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research revisits at the relationship between the movements of capital markets in developed economies and their emerging market counterparts in the Asian Paciic region using market indices of the American, British, Malaysian, Singaporean, Mainland Chinese, Hong Kong Special Administrative Region (SAR), Indian, Japanese and Australian markets for the periods 1997 to 2007. The Johansen's Cointegration Test, and Vector Correction Model Test were used to determine the long term relationship between the markets. This study inds that the Asian markets are very much inluenced by the events in the United States rather than other developed markets. Of all the markets being surveyed, The South East Asian markets are the most sensitive towards events in their own region and regions outside themselves. Mainland China in the long run is not affected by events outside themselves.
Moon Effect on Paciic Basin Stock Markets Brahmana, Rayenda Khresna; Hooy, Chee Wooi; Ahmad, Zamri
The Indonesian Capital Market Review Vol. 3, No. 2
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This is an empirical study on the inluences of moon on seven stock markets, which are Indonesia, Malaysia, United Kingdom, United States, Philippines, Japan, and Thailand. The period is from January 1999 until December 2009 in daily basis. This study investigates the relationship between moon phase and market returns. We divided moon phases into new moon and full moon. While literature mention the relationship between moon phase and market returns, our research reject the null hypothesis in regression analysis. However, the descriptive catches the indication and conirmed previous research. It also proposes that the market is still rational and not moon-mood inluenced. This result is not contending the EMH theorem. Further research is needed in term of investigating the relationship between psychology factors (heuristic bias, information ignorance, and other factors) and investor behavior. The effect of moon on certain anomalies has to examine speciically.
The Impact of Local Revenue, Regional Balance, Expenditure, and Financing on Economic Growth Harnovinsah; Putra, Yananto Mihadi; Ahmad, Zamri
Social and Economic Bulletin Vol. 1 No. 1 (2024): SEBI Journal January 2024
Publisher : Social and Economic Bulletin

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The research aims to know the Locally Generated Revenue (PAD), Balancing Fund (DP), Local Government Expenditures (BD) and Regional Financing (PD) of Regional Economic Growth (PDRB). The data used in this study is annual data published by website Directorate General of Fiscal Balance and Central Bureau of Statistics for five period from 2011 until 2015. The analytical method used is Multiple Linear Regression. The results showed that the Locally Generated Revenue (PAD), Local Government Expenditures (BD) and Regional Financing (PD) has no effect significant on Regional Economic Growth (PDRB). While Balancing Fund (DP) has negatively significant effect on Regional Economic Growth (PDRB).
ESG Disclosure, Financial Reporting Quality and Investment Efficiency Choiriah, Siti; Tarmidi, Deden; Ahmad, Zamri
International Journal of Social Science and Business Vol. 8 No. 3 (2024): August
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/ijssb.v8i3.78318

Abstract

This research discusses the relationship between environmental, social and governance disclosure (ESG Disclosure), financial reporting quality and investment efficiency. This research aims to analyze the influence of ESG disclosure and financial reporting quality on investment efficiency with audit quality as a moderating variable. This research uses quantitative methods with secondary data, companies listed on the BEI ESG Index for 2018 – 2022. These findings also show that the impact of FRQ on investment efficiency decreases with shorter maturities. Research shows good ESG disclosure contributes to investment efficiency by reducing information asymmetry between companies and investors. However, high-quality financial reporting can have a negative impact on investment efficiency because quality financial reports do not necessarily reflect the actual condition of the company. Audit quality factors do not significantly influence the relationship between ESG disclosure, financial reporting quality, or investment efficiency.
Co-Authors Azizah, Noor Azlinna Chee-Wooi Hooy Deden Tarmidi Harnovinsah Harnovinsah Hooy, Chee Wooi Rayenda Brahmana Rayenda Khresna Brahmana Siti Choiriah Yananto Mihadi Putra