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Can Herding Be Adaptive? Evidence from Markets Sentiment, News Sentiment and Happiness in Global Energy Markets
Loang O.K.
Q1
This study investigates the adaptive nature of herding behaviour in global energy markets, focusing on the USA, Europe and Asia, from January 2013 to December 2023. Utilizing advanced sentiment analysis tools, including Thomson Reuters MarketPsych Indices, Bloomberg Sentiment Analysis and the Hedonometer, this study captures real-time fluctuations in market mood. By employing Cross-Sectional Absolute Deviation models, static regression, rolling regression and quantile-on-quantile regression, this study examines the impact of investor sentiment, news sentiment and happiness on herding behaviour under varying market conditions. The findings revealed significant regional variations and underscored the dynamic and context-dependent aspects of herding behaviour. In the USA, higher levels of investor happiness and positive market sentiment are linked to increased herding behaviour, whereas negative news sentiment is linked to reduced herding behaviour. Similar but less pronounced patterns are observed in Europe, whereas Asian markets show weaker correlations, highlighting the critical role of market volatility and trading volume. These insights offer valuable implications for portfolio management, regulatory frameworks and investment strategies, thus enhancing the understanding of herding behaviour in volatile and sentiment-driven markets.
Navigating the Silver Seas of Ageing: A Phenomenological Study on Life Course Impacts on Older Adults in Senior Living Facilities
Chee S.Y.
Q1
This study examined the lived experiences of older adults in senior living facilities, focusing on the impact of their life course on their well-being. In-depth, semi-structured, one-on-one interviews were used to collect data from 28 older adults from six senior living facilities, and the results were thoroughly analysed. Using Moustakas’ transcendental phenomenology and the modified Stevick–Colaizzi–Keen analytical method, five main themes emerged: the influence of the life course on later life, linked lives, attachment through the life course, cultivation of memories and longing for intergenerational relationships. The findings indicated that life course experiences impacted later life in senior living facilities differently for each participant. While some developed meaningful experiences and supportive connections that cushioned the feelings of loss and loneliness, others struggled with a sense of familiarity, identity and security. The findings extend existing knowledge and provide valuable implications for academics, senior living facilitators, government policy, hospitality and healthcare providers.
Circular Economy from a Consumer Perspective: Malaysia Versus Pakistan
Jan M.T.
Q1
The industrial revolution has fuelled excessive production and consumption of products to the extent that is decimating the environment. To mitigate this issue, the newly discovered procedure of ‘The Circular Economy’ is entrenched. This concept encourages new and innovative systems of production, consumption and disposal with less to no adverse effects on the environment. The topic of circular economy, however, has been hardly researched by marketing scholars. The present research, therefore, attempts to consider the consumer stance in the circular economy, while reflecting on 757 consumers in two developing circular nations. Analysis was performed to test the proposed model and the hypotheses. Results evince that circular economy accelerates resource regeneration for both nations such that individual social norms, attitude and concern for the ecosystem are more relatively important than appropriacy and the right to control how consumer perceived their intention which aligned with sustainability and circular economy initiatives.
Hedonic Consumers’ Privacy in Online Shopping: A Systematic Literature Review
Ullah G.M., Kumar S., Furuoka F.
Q1
The article aims to provide a comprehensive examination of the extant literature on online hedonic consumers’ privacy. Further, the authors attempt to identify a gap in online hedonic consumer behaviour focusing on their privacy. The authors systematically reviewed the extant literature on online hedonic consumers and their various privacy-related issues. The discussion on ‘privacy’, ‘online shopping’, ‘hedonic consumption’ and ‘hedonic-motivation system (HMS)’ elucidated any confusion held by the researchers and readers. This review offered insight into the current status of research in this field and recognized the factor ‘privacy’ as a gap in the existing model of online hedonic consumer behaviour that could be properly explored in further scholarly empirical research. The exclusion of non-English language articles and the lack of inclusion of different kinds of hedonic products or services other than ‘online shopping’ were the limitations of this article. Managers and e-commerce vendors could utilize the findings of this review to address their hedonic consumers’ privacy for the growth of their online businesses. This review lays the groundwork to explore online hedonic consumers’ privacy in detail. To address the gaps identified through this study, the development of a new overarching model of online hedonic consumer behaviour is suggested for future researchers, which might provide a theoretical framework for scholars to further examine the effect of privacy on online hedonic consumers.
What Drives the Young Malaysian Generation to Become Horticulture Farmers? A Qualitative Approach
Firdaus R.B., Ebekozien A., Samsurijan M.S., Rosli H.
Q1
Over the last decade, the involvement of the young generation in agriculture has drawn considerable attention to the Malaysian development agenda. A number of comprehensive strategies and measures have been designed to attract young people into the agricultural sector. However, the number remains relatively low as compared to the other economic sectors. Therefore, this study seeks to explore and describe the influential factors that drive the young Malaysian generation to be involved in farming. This study drew its sample from purposeful and snowball sampling techniques. A qualitative approach was employed, in which, a phenomenology study through interviews was conducted to explore the meaningful experience of the 15 respondents who are involved in the horticulture sector. The four major themes to which respondents referred to in describing the driving forces that influenced their decision to become a part-time or full-time farmer were (a) farming family background; (b) market and income potentials; (c) attitude; and (d) knowledge, skills and incentives. Thus, it is crucial for future policy designs to continue to leverage on the growth potential of the agricultural markets, ease the entry barriers to agriculture and build positive perceptions by improving existing agricultural programmes, training and incentives for young people.
Factors Influencing Sustainable Software Practices and the Moderating Role of Knowledge Accessibility: Evidence from the Malaysian Electronic Industry
Giweze C., Aziz N.A., Arshad Y.
Q1
The current study investigates factors influencing sustainable software practices due to the growing concern for environmental desolation in software sustenance among software practitioners in the electronic industry. It validates the GREEN SOFT Reference Model in the Malaysian context by conducting a study in Selangor, Malaysia, using non-probability sampling techniques. The research involved 250 employees from various software departments. Partial least square via SmartPLS3.3 examined the constructs of governance, software strategy, knowledge accessibility, software practitioners, sustainable environmental practices and sustainable software practices. Empirical results show that the GREEN SOFT Reference Model positively and directly influenced software practices, including software strategy, software practitioners, sustainable environmental practices and knowledge accessibility. However, knowledge accessibility moderated the link between software strategy and sustainable software practices. The other factors did not indicate the moderating effect. The research shows that knowledge accessibility has the most substantial impact compared to the other factors. Therefore, the study suggests that practitioners should pursue sustainable software practices to enhance effectiveness in the workplace. The study presents the theoretical and practical implications for future consideration.
Does Volatility Cause Herding in Malaysian Stock Market? Evidence from Quantile Regression Analysis
Loang O.K., Ahmad Z.
Q1
This study examines the existence, tendency and determinants of herding in the Malaysian stock market under market stress from 2016 to 2020. This study adopts ordinary least square and quantile regression models to estimate herding. Three types of measurements are used to capture volatility, which are realized volatility, Parkinson volatility and Garman and Klass volatility. The result shows that herding exists in the Malaysian stock market. Investors are observed to herd stronger in the bearish (down) market condition compared to bullish (up) market condition, especially in the upper quantile (τ > 50%). Realized volatility is found to be significant in every quantile except for the median quantile (τ = 50%) and Garman and Klass’s volatility is significant in the upper quantiles of 0.75 and 0.90. This study assists analysts and investors to formulate better investment strategies. Regulators and policymakers shall also control and regulate the herding behaviour of investors, which can deviate the stocks from their fundamentals. The existence of herding also violates the assumptions of EMH in assuming that investors are rational.
Nonsuicidal Self-injury in Southeast Asia: A Systematic Literature Review
Fernandez J.A., Jaladin R.A., Lau P.L.
Q1
This article presents an overview on nonsuicidal self-injury in Southeast Asia. Following Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines, a systematic review was conducted regarding self-injury in Southeast Asia. Seventeen studies eligible for inclusion were identified. Findings revealed that self-injury is most common among youth between the ages of 14 and 35 years old. The prevalence rates reported were from 7.1% to 11.4% in community samples and 20.7% to 75.9% in clinical samples. The most common function for self-injury is that it serves as an emotion regulation strategy, and the main causes appear to stem from individual (emotional dysregulation, low self-esteem, gender and psychiatric disorders) and environmental factors (childhood maltreatment, childhood neglect, parental invalidation and academic stress). Comorbidity with depressive disorders, adjustment disorders and anxiety disorders are most often reported. The paucity of studies with high heterogeneity calls for further research exploring self-injury which may inform better mental health practice and policymaking in Southeast Asia.
The Influence of Green Behaviour Using Theory of Planned Behaviour Approach: Evidence from Malaysia
Ogiemwonyi O., Harun A., Hossain M.I., Karim A.M.
Q1
The study focuses on the influence of green behaviour based on the theory of planned behaviour (TPB). A conceptual model has been developed from TPB with additional factors linking green behaviour. A quantitative research method has been adopted. The data is gathered from a survey which has been administered by distributing questionnaires to 280 green consumers in Kuala-Lumpur, Malaysia. The data has been processed vis-à-vis the assessment of measurement and structural model using SmartPLSver3.0. The study contributable examines the role of predictive factors and how it influences green behaviour. Perceived behavioural control (PBC) and attitude dimensions are included as suggested by TPB. The results show that attitude and green culture positively influence green behaviour in TPB; whereas, PBC and awareness show no influence. The study shows the path to translate green culture and attitude to validate the TPB model. While the findings on green culture conform earlier studies, and indicate for a mixed collectivist society like Malaysia; where people showcase their belief while embracing green behaviour. The study further provides an insight to policymakers on how to increase awareness and improve progressive pedagogy on green behaviour.
High Technology Trade and the Roles of Absorptive Capabilities in Malaysia
Lam L.F., Law S.H., Azman-Saini W.N., Ismail N.W.
Q1
This article analyses the importance of high-technology trade as a channel of economic growth to ease Malaysia out of the middle-income trap. This study also wonders upon the missing absorptive capabilities that validate the likelihoods of dismal gross domestic product (GDP) growth since the 1990s. Using the autoregressive distributed lag (ARDL) approach and fully modified ordinary least squares (FMOLS) estimator as robustness checks, this study identifies the determinants of high-technology trade and the appropriate absorptive capability in enhancing economic growth. The empirical results from quarterly data from 1990 to 2015 proved that foreign direct investment, financial development and infrastructure are vital to develop a successful high-technology trade. Another important finding is that it validates the presence of trade openness (as absorptive capability) in order to magnify the benefits of research and development (R&D). This explains why, despite spending on R&D, these spending do not project to economic growth.
Stakeholders’ Perspectives on Market-based Instruments and Trade Policies for Environmental Goods: Evidence from Malaysia
Paramasua M., Devadason E.S., Tehrani P.M.
Q1
This article investigates policy constraints for the environmental goods sector in Malaysia based on the dimensions of market-based (including regulatory) instruments and trade policies. In-depth structured interviews with the government and key industry players are conducted, and six overarching themes constraining the efficacy of the instruments and policies were identified. The findings suggest that incentives and loans for this sector are skewed to manufacturers and low-risk projects, respectively. The major policy gaps in this sector are mostly related to procedural issues, namely non-transparent information, non-uniformity of requirements and complex documentation for certification, licensing and permits.
Mainland Chinese Immigrant-owned SMEs in Malaysia: Case Studies
Ruan M., Baskaran A., Zhou S.
Q1
This article explores the contributions of—and constraints faced by—small and medium enterprises (SMEs) owned by mainland Chinese immigrant entrepreneurs in Malaysia using qualitative research and primary data gathered from five cases. It was found that Chinese immigrant SMEs make significant contributions to the host economy in terms of employment, diverse products and services, exports, innovation, micro foreign direct investment (FDI) and global linkages. Of these, employment creation and exports appear to be their most important contributions. They face various constraints, some of which are largely the same as those faced by local entrepreneurs. However, they additionally face some specific constraints which local entrepreneurs do not, such as language barrier, lack of financial support in the growth stage, lack of government assistance, and onerous bureaucratic problems, such as tax and visa requirements. The findings suggest that the government should create a special department to formulate tailor-made policies and incentives to support immigrant-owned SMEs, so that their contribution to the future economic development of Malaysia can be further strengthened and monitored.
Malaysian Sikh Youths’ Perception of Diverse Sexual Identities
Kaur C., Kaur A.
Q1
Malaysia is well known to the world audience as a multicultural nation and a country dominated by religious beliefs, including religions such as Islam, Christianity, Buddhism, Hinduism, Sikhism and Taoism. However, over the years, Malaysia has been doing its rounds in the papers for its strict rules over the denial of human rights for the LGBT (lesbian, gay, bisexual and transgender) community. In 2015, Malaysia’s ex–Prime Minister Najib Razak openly declared his take on the LGBT community by equating them to the Islamic State of Iraq and Syria (ISIS) and claiming that both are ‘enemies of Islam’. Whereas Islamic religious authorities have made clear their stance on LGBT communities, the Malaysian Consultative Council on Buddhism, Christianity, Hinduism, Sikhism and Taoism (MCCBCHST) has taken a much-blanketed approach on the matter. The group is against any violent attack against, harassment or intimidation of and threat to the LGBT community, but the very essence of this stand is oxymoronic, as they have not done anything to prevent such incidents from taking place either. Sikhism has a liberal perspective on acceptance, regarding aspects such as gender, race, ethnicity and age, to name a few, that one would interpret it is an LGBT-friendly religion. Hence, this article is a humble attempt at understanding the Malaysian Sikh youths’ perspectives on the ever-growing branches of sexual identity. This article will add to the literature on Sikhs’ attitudes towards homosexuality, especially in Southeast Asia.
Exploring the Normality of the Complexities of Later Life in Aged Homes: A Review
Chee S.Y., Thomas T.K.
Q1
Dependency on aged care homes is unusually becoming a viable option for elderly couples these days, which is unconventional to the Asian way of life. The perception of the aged care home, perceived as an institution, has gradually shifted over the years and continued to evolve as elderly couples have become more open to this option to ascertain their independence. Though scholarly researchers have conducted studies on elderly life in aged care homes, there is no evidence of research on elderly couples’ mundane life in aged care homes specifically addressing the complexities of institutional interference in the togetherness, end of life, privacy, sexuality and intimacy of their physical and emotional necessities. Therefore, this article addresses this research gap. It employs an in-depth systematic literature review to address the issue and unveils important insights on the body of knowledge. The findings reveal the complexity of elderly couples’ challenges in dealing with institutional interference, as well as the importance of autonomy and privacy.
COVID-19 Pandemic: The Lived Experiences of Older Adults in Aged Care Homes
Chee S.Y.
Q1
The COVID-19 pandemic has caused untold fear and suffering for older adults across the world. According to the World Health Organization, older adults in aged care homes are at a higher risk of the infection living in an enclosed environment with others. This article adopts a qualitative approach using Colaizzi’s phenomenological method to explore the lived experiences of older adults during COVID-19. Between December 2019 and June 2020, 10 in-depth, semi-structured interviews were conducted with participants aged 60 years and above in two aged care homes. The lived tension that has penetrated all participants’ stories in five themes of the meanings described as ‘disconnected in a shrinking world’ filled with uncertainties. COVID-19 has brought unprecedented challenges and disproportionate threat onto older adults’ lives, relationships and well-being. The overarching message was that older adults believe that ‘this too shall pass’ and regain their freedom that was lost during the pandemic.
Use of Social Media in Planning Domestic Holidays: A Study on Malaysian Millennials
Moorthy K., Salleh N.M., Jie A.X., Yi C.S., Wei L.S., Bing L.Y., Ying Y.Z.
Q1
This study examines the social media usage of Malaysian millennials in planning their domestic holidays. This study integrated the theory of planned behaviour (TPB) and technology acceptance model (TAM) variables by adding electronic word-of-mouth (e-WOM), as it is a crucial factor influencing the travel industry nowadays. Data were collected from 301 Malaysians. The results show that e-WOM is the greatest antecedent influencing Malaysian millennials to use social media in planning their domestic holidays. Local tourism organizations such as Tourism Malaysia could gain an understanding of the issue through this study, and the promotion of local tourism through social media could be developed to reach millennials in Malaysia.
Changing Strategy by Turkey’s AKP: The Learning Curve Theory
Shukri S.
Q1
Since 2014, Turkey has been moving towards a heightened sense of nationalism and populism especially after Recep Tayyip Erdogan became the first popularly elected President of Turkey in 2017. His nationalist rhetoric went up compared to when he became Prime Minister over a decade ago when the country was touted as a model of liberalism among Muslim countries. Rather than putting a damper on the party, government, or Erdogan himself, his conservative rhetoric has helped consolidate the government’s power, showcasing the shift in strategy by the Adalet ve Kalkınma Partisi (AKP) during uncertain times. This article borrows from behavioural psychology the concept of the learning curve theory or the S-curve theory to examine this shift in AKP strategy. It is argued that after reaching a political peak with the Gezi Park protest in the summer of 2013, Erdogan is employing a different rhetorical approach—a populist one—to gain more political traction.
What Can We Learn from Global and Regional Rankings of Countries?
Aytug H., Law S.H., Singh N.
Q1
We use principal component analysis (PCA) to extract the essential information contained in 10 different country rankings, measuring different country characteristics such as GDP per capita, human development, quality of governance, environmental quality and business environment. Globally, the first principal component accounts for about 82 per cent of the variation across countries, and the first three principal components account for over 92 per cent. The percentages are similar for regions such as Europe, North America and Asia, but lower for South America and Africa, but even in the last of these regions, the first three principal components account for 86 per cent of the variation. Excluding GDP per capita does not change our results appreciably. The analysis suggests that various different indices may add relatively little new information to more basic measures of development. Regional comparisons suggest that Asia’s economic structures, as implied by the rankings, may be closer to those of Europe and North America than South America and Africa. JEL Codes: C38, O1, O57
‘Not a Breach, but an Expansion’: Diasporic Communities in the Twenty-first Century
Saxena V., Dasgupta A.
Q1
Sikh Women Diaspora in Malaysia: The Reality of their Role and Status in the Religious Domain
Kaur C., Gill S.S.
Q1
This article aims to examine how the Sikh women diaspora from two generations exercised their rights within the religious domain in Malaysia. Sikhism has a unique world view of gender ideology; from a gender perspective, God is symbolically described as a husband to all of humanity, whereby all humans, irrespective of gender, are perceived as having the status of wives to God. Since the Sikh religion focuses on the concept of the spirit rather than the physical body; therefore, the position of God and mankind should be cognized from the viewpoint of transformation of spirit. Most significantly, every human being, be they male or female, is held in equal importance, with each individual being conferred the same position, status, rights and opportunity to live this life as God has ordained. In fact, tenets of life that define practices as being praiseworthy, or to be avoided, are not gender specific. This makes the philosophy of gender equality of the Sikh religion particularly interesting and worthy of academic scrutiny. To what extent is it true that women have equal status with men? The authors discovered that patriarchal cultural practices have clearly dominated Sikh women’s views about their roles in daily life, as well as in the perception of their own status. This article concludes with specific recommendations to uplift and strengthen gender equality among the Sikh community in the religious domain.
Old Market Square as a Container of Diasporic Meaning in Chinese Kuala Lumpur
Peng N.F., Ng I.A.
Q1
Urban growth in the twentieth century engulfed many cultural enclaves and led to threatened histories, communities and cultural practices of places. One such spatial context within the urban space of cities is the diasporic space of the Chinese, often named Chinatown. Petaling Street has been commonly perceived as the microcosm of the Chinese diaspora in Kuala Lumpur with Yap Ah Loy the figure who catalyzed its urban growth that resulted in the fabrication of a sense of belonging and a sense of home for the Chinese diaspora. This paper argues that while discourses on the Chinese diaspora have been centred on the street as a diasporic space it is Market Square (Medan Pasar), the foci of Chinese diasporic development during the historical period of Yap Ah Loy, that offers a more critical perspective. It first examines how the Chinese diaspora constructed the street and the square in Old Kuala Lumpur, and looks at the question, ‘In what sense do they still own them?’ By focusing the discourse on the context of the square in more detail, through historical narrative and spatial analysis, it then highlights the fact that the discourse extends beyond the street. It contends that urban patterns such as the square act as a critical text for unfolding the varying issues of diasporic space within enclaves that are not only contested but record the erosion of culture.
Strategic Innovation and Consumer Preferences: An Analysis of Malaysian Hybrid Car Policy
Bakar N., Hasan-Basri B.
Q1
This study analyzes the role of consumer choice in determining a strategic innovation policy. We establish an international Bertrand duopoly and conduct a choice modelling technique. The theoretical finding shows that an increase in investment in hybrid technology innovation increases the demand for hybrid cars. However, the empirical results show that consumers do not appreciate all attributes, only the hybrid battery, CO2 emission level and the sound of hybrid engines. We suggest that the government focus on the significant attributes in order to force not only the domestic automobile firm to innovate but the vendors as well.
Culturally Diverse Teams and Social Interaction Influence on Team Effectiveness in Small and Medium Enterprises in the ICT Sector in Malaysia
Selvadurai S., Dasgupta A.
Q1
This research seeks to establish a conceptual understanding of the extent to which group interactions of cross-cultural workforces affect organizational performance in Malaysian small and medium enterprises (SMEs) in the information and communication technology (ICT) sector. Drawing on qualitative case study experiences of ICT SME workforce comprising owners and managers, team leaders, employees and clients, it attempts to understand if culturally diverse teams, through social interaction, exert a positive or a negative effect on team effectiveness. Three separate groups of stakeholders were interviewed over a period of one year who provided divergent perspectives on diversity and team effectiveness. Simultaneously, participant observation techniques were extensively used to gather insights from team-building sessions, annual dinners, new staff induction and other informal events organized by the SMEs under study. The study concluded that though homogeneous sub-groups within cross-cultural workforces teams performed well in delivering technical solutions in the ICT sector, cultural differences created social interaction barriers, particularly communication obstacles, with clients as well as within the team which often hampered work effectiveness. Additionally, the dialectical and ambivalent nature of the technical and social needs of team composition comprising both expatriates and Malaysians provides an interesting arena for further investigation in a wider quantitative survey study to validate the negative outcomes of social interaction on cultural diversity and to contest these theories with positive outcomes as postulated by new organization theories such as informational diversity theory.
