Contemporary Issues in Finance, Investment and Banking in Malaysia

This book is a collection of research works by experienced academics focusing on the current issues of fintech and cryptocurrency in the context of Malaysia. The book aims to fill the gap in the extant literature on the topic in Southeast Asia. The book starts with a discussion on the role of monetary policies in the advent of the current trend where cryptocurrencies are being used more widely as a medium of exchange compared to conventional fiat money. It then goes on to provide a comparative analysis for beginners regarding the differences between cryptocurrencies and stocks, considering facets such as ownership, methods of exchange, volatility, regulation, and their interconnectedness. Also discussed are the factors influencing on-line investment options using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) review method, a comparison of Islamic banking products and conventional fintech. The book ends on an analysis of the impact of the COVID-19 pandemic on the Malaysian stock market. This book is a valuable read for undergraduate students, postgraduate students, academicians, researchers, and professionals working in the economics, finance, and banking industries, particularly in Southeast Asia. Foreword Preface Contents Editors and Contributors Bridging the Gap Between Information Asymmetry and IR4.0: A Systematic Literature Review 1 Introduction 2 Literature Review 2.1 Information Asymmetry 2.2 Industry 4.0 and Its Enabling Technologies 3 Methodology 4 The Role of IR 4.0 Technology in Mitigating Information Asymmetry 4.1 Open Information Transactions 4.2 Decentralised Governance 4.3 Representational Faithfulness of Financial Reporting 4.4 Smart Contracts 4.5 Enhance Market Competitiveness and Social Welfare 5 Discussions 6 Summary and Conclusion References The Impact of Market Sentiment on Business Fixed Investment in Malaysia 1 Introduction 2 Market Sentiment and Investment Decision 2.1 Theoretical Perspective 2.2 Previous Empirical Evidence 3 Research Methodology 3.1 Data and Variables 3.2 Variables Measurement 3.3 GMM Estimation 4 The Impact of Market Sentiments on Firms-Level Investment 4.1 Long-Run Effects of Firm Investment 5 Summary and Conclusions References Crypto or Stock? A Comparative Analysis for Beginners 1 Introduction 1.1 What is Cryptocurrency? 1.2 Types of Cryptocurrencies 1.3 Fundamentals of Cryptocurrencies 2 What is Stock? 2.1 Types of Stocks 2.2 Fundamentals of Stocks 3 Differences Between Crypto and Stocks 3.1 Ownership 3.2 Exchange 3.3 Volatility 3.4 Regulation 4 The Interconnectedness Between Crypto and Stocks 4.1 Event 1: Stability Period Between 2009 and 2016 4.2 Event 2: 2017 Boom and 2018 Crash 4.3 Event 3: Constantly Record New Highs—2019 to Early 2022 4.4 Event 4: Crypto’s Biggest Bear Market 5 Conclusion and Summary References The Size Effect in Malaysia’s Stock Returns 1 Introduction 2 Literature Review 3 Data and Methodology 3.1 Data Description 4 Results and Discussion 5 Summary and Conclusion References The Impact of the COVID-19 Pandemic on the Malaysian Stock Market 1 Introduction 2 Stock Market and Pandemic COVID-19 3 Research Methodology 3.1 Data and Variables Description 3.2 Baseline Model 4 Result and Discussions 4.1 Descriptive Statistics 4.2 Empirical Results 5 Summary and Conclusion References Reaction and Efficiency of the Cryptocurrency Market During the COVID-19 Pandemic: The Effect of Size and Supply 1 Introduction 2 Review of Past Studies 3 Methodology 3.1 Data and Sample Cryptocurrencies 3.2 Measuring Market Reaction 4 Results and Discussion 4.1 Return Properties of Sample Cryptocurrencies 5 Investor’s Reaction During the Pandemic 5.1 Do Size and Supply Matter in Their Reaction? 6 Summary and Conclusion Appendix References Monetary Policy, COVID-19 and Bitcoin: The Tales of 3 Countries 1 Introduction 2 Monetary Policy, Covid and Bitcoin 3 Bitcoin 4 COVID-19 Pandemic and Bitcoin 5 Monetary Policy and Bitcoin 6 Interest Rate & Bitcoin 7 Exchange Rates and Bitcoin 8 Summary and Conclusion References Fintech, Financial Literacy and Islamic Banks 1 Introduction 2 Methodology 3 Results and Discussion 4 Themes and Sub-Themes 4.1 Fintech Infrastructure 4.2 Financial Literacy 4.3 Adoption of Islamic Banking Products and Services 4.4 Additional Factors 5 Summary and Conclusion References Factors Influencing Online Investment Adoption: A Systematic Review 1 Introduction 2 Methodology 2.1 PRISMA 2.2 Resources 2.3 Systematic Review Process 3 Results 3.1 Descriptive Analysis 3.2 Themes and sub-themes 4 Discussions 5 Future Direction 6 Conclusion References Millennials and Gen-Z Ethical Banking Behaviour in Malaysia 1 Introduction 2 Millennials and Gen-Z 3 Ethical Banking 3.1 Ethical Banking in Malaysia 4 Ethical Banking Behaviour 5 Factors Influencing Ethical Banking Behaviour Among Millennials and Gen-Z in Malaysia 6 The Implication of Ethical Banking Behaviour Among Millennials and Gen-Z 7 Conclusion and Policy Implication References