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Performance ofShariah compliance companies in the plantation industry

Author

Listed:
  • Mohd Dali Nuradli Ridzwan Shah Bin
  • Mudasir Hamdi Hakeim
  • Abdul Hamid Suhaila

Abstract

Purpose - The purpose of this paper is to identify the performing and non-performing companies by using multiple discriminant analysis (MDA) and multiple regression and the ratios that could distinguish between the performing and the under-performing companies. Design/methodology/approach - First, the study applied the Findings - The growth turnover ratio is the only ratio that could discriminate between the performing and non-performing companies in the plantation industry. Research limitations/implications - The paper only investigates a sector in the main board of Bursa Malaysia, which is the plantation industry. Future research may look into the whole Practical implications - The paper could assist investors to evaluate and select an optimal investment portfolio. Originality/value - The paper applies multivariate analysis which does not depend only on one variable. Using the multivariate analysis it provides an alternative to establish models that discriminate between the performing and non-performing companies. This paper also investigates only the

Suggested Citation

  • Mohd Dali Nuradli Ridzwan Shah Bin & Mudasir Hamdi Hakeim & Abdul Hamid Suhaila, 2008. "Performance ofShariah compliance companies in the plantation industry," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing, vol. 1(2), pages 166-178, June.
  • Handle: RePEc:eme:imefpp:v:1:y:2008:i:2:p:166-178
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