The impact of special purpose vehicle (Cagamas MBS) issues on the Malaysian corporate bonds market issues : analytical econometric study during the period 2004-2018
Joint Authors
Babas, Munirah
Bufinnish, Ruqayyah
Source
Revue Algérien de Développement Économique
Issue
Vol. 9, Issue 2 (31 Dec. 2022), pp.285-299, 15 p.
Publisher
Publication Date
2022-12-31
Country of Publication
Algeria
No. of Pages
15
Main Subjects
Banking and Financial Sciences
Topics
Abstract AR
تهدف هذه الدراسة إلى توضيح أثر إصدارات الشركات ذات الغرض الخاص على إصدارات سوق سندات الشركات الماليزية خلال الفترة 2004-2018 من خلال دراسة العلاقة بين إصدارات شركة Cagamas MBS و إصدارات سوق سندات الشركات الماليزية و التي تعد من أهم الأسواق المالية في ماليزيا، و ذلك باستخدام منهج الانحدار الذاتي لفترات الإبطاء الموزعة خلال فترة الدراسة، و قد تم التوصل إلى وجود علاقة توازنيه طويلة الأجل بين متغيري الدراسة، بالإضافة إلى تأثر إصدارات الشركات ذات الغرض الخاص سلبا على إصدارات سوق سندات الشركات الماليزية و ذلك بسبب ضعف ثقة المستثمرين في الأسواق المالية بعد حدوث أزمة الرهن العقاري.
Abstract EN
This study aims to clarify the effect of special purpose vehicle on the issues of the Malaysian corporate bond market during the period 2004-2018 by studying the relationship between Cagamas mortgage backed securities issue and the issuance of the Malaysian corporate bond market, which is among the most important financial market in Malaysia, through an econometric study using autoregressive distributed lag approach during the study period, the study found a long-term equilibrium relationship between the two study variables, in addition to the negative impact of the issues of special purpose vehicle on the Malaysian corporate bond market issuance, due to the weak investor confidence in the financial markets after the mortgage crisis.
American Psychological Association (APA)
Bufinnish, Ruqayyah& Babas, Munirah. 2022. The impact of special purpose vehicle (Cagamas MBS) issues on the Malaysian corporate bonds market issues : analytical econometric study during the period 2004-2018. Revue Algérien de Développement Économique،Vol. 9, no. 2, pp.285-299.
https://search.emarefa.net/detail/BIM-1466776
Modern Language Association (MLA)
Bufinnish, Ruqayyah& Babas, Munirah. The impact of special purpose vehicle (Cagamas MBS) issues on the Malaysian corporate bonds market issues : analytical econometric study during the period 2004-2018. Revue Algérien de Développement Économique Vol. 9, no. 2 (Dec. 2022), pp.285-299.
https://search.emarefa.net/detail/BIM-1466776
American Medical Association (AMA)
Bufinnish, Ruqayyah& Babas, Munirah. The impact of special purpose vehicle (Cagamas MBS) issues on the Malaysian corporate bonds market issues : analytical econometric study during the period 2004-2018. Revue Algérien de Développement Économique. 2022. Vol. 9, no. 2, pp.285-299.
https://search.emarefa.net/detail/BIM-1466776
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 293-298
Record ID
BIM-1466776