Are Islamic incomes relevance to commercial banks in Malaysia？  

作　　者：Cheng Fan Fah Annuar Nasir 

机构地区：[1]Department of Economics, Facnlty of Economics and Management, University Pntra Malaysia, Selangor 43400,Malaysia [2]Department of Accounting and Finance, Faculty of Economics and Management, University Putra Malaysia,Selangor 43400, Malaysia

出　　处：《Journal of Modern Accounting and Auditing》2010年第2期26-37,共12页现代会计与审计（英文版）

摘　　要：A significant price-to-earnings relation is evident in many research findings, which includes study on Malaysia Stock Markets, that the strength, consistency and magnitude of the relation are not as large as those reported in institutionally more developed markets. However, the price adjustment is stronger if price reaction is measured over a long periods, which is consistent to speculative trading. Firm-specific variables such as revenue, firm size and debt-equity have no incremental information content beyond earnings implies that the market monitoring process in an emerging market focuses on earnings only during financial announcement. Therefore, this paper revisited the study on the relevant of accounting banks in Malaysia using the earnings response coefficients, earnings by looking at Islamic Income for commercial which are the earnings-to-share return coefficients that are estimated for sub earnings components by including Islamic banking incomes in the analysis. This paper discovered that though there is a positive effect, the earnings from Islamic banking operation are small. Thus, the total earnings as well as the sub-categories of earnings of banks appear to enter the pricing considerations of investors.

关 键 词：earnings response coefficients Islamic banking information content sub earnings variables Bursa Malaysia 

分 类 号：F832.51[经济管理—金融学] F723