Jaffri Abu Bakar | Universiti Sultan Zainal Abidin, Terengganu, Malaysia (original) (raw)
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Papers by Jaffri Abu Bakar
JAS (Journal of ASEAN Studies), 2021
The research examined this asymmetric effect between the interrelationship of the interbank rate ... more The research examined this asymmetric effect between the interrelationship of the interbank rate on the external competitiveness purchasing power represented by the real effective exchange rate for Malaysia and Thailand using monthly data covering the period of 1994 until 2020. The empirical findings confirms an asymmetric effect between interbank rate and real effective exchange rate based on the nonlinear autoregressive distributed lag estimates. The research also finds a unidirectional asymmetric causal relationship running from real effective exchange rate on interbank rate Thailand, which indicate the monetary policy has a direct relationship on interbank rate volatility. While in Malaysia, there is no causality running between both variables since the country has proposed several soft monetary policies and more concentrating on the short-term borrowing by improving the tight money supply circulation based on the domestic inflation, global economic, and financial market volatil...
Entrepreneurship education is considered important and is integrated in the curriculum of undergr... more Entrepreneurship education is considered important and is integrated in the curriculum of undergraduate studies in the higher institutions in Malaysia. However, not all students have the intentions to become entrepreneur once they graduated from the university. This paper investigates the motivational factors and the obstacles among business students in their intention to become entrepreneur. Structured questionnaires adopted from previous studies were distributed to 294 business students doing their undergraduate studies in one of the public university in Malaysia. The results found that the main motivational factors are to realize their dream, maintain their family and opportunities available in the market. The students perceived that the main obstacles faced are lack of savings, lack of business experience, uncertainty of future if they start business and fail to build trust among partners. These findings could be used to assist students in their future career to become an entrepreneur.
International Business Research, 2015
The aim of this research is to determine to what extent the price of gold is suppressed, thereby ... more The aim of this research is to determine to what extent the price of gold is suppressed, thereby revealing an internal structural problem within the global monetary system. Historical manipulation could only have been done by controlling the value of money under a fractional reserve gold standard through the physical demand for, and supply of gold, in relation to official reserves held at a central bank. More recently, the price of gold is largely influenced through paper trades, as a function of the operation of the gold market involving gold derivatives, in conjunction with physical trades and changes in official reserves. This research adopts a qualitative interpretation and numerical analysis to analyze the extent of market concentration and price manipulation. Our findings reveal that the gold market is largely deterministic rather than stochastic in nature. It also reveals that markets are not only subject to a fractional reserve banking system, but also a fractional reserve gold market, highlighting systemic instability inherent within the modern monetary system, and especially the value of the U.S. dollar and related dollar denominated assets.
The aim of this research is to determine a forecasting model of the price of gold in relation to ... more The aim of this research is to determine a forecasting model of the price of gold in relation to the rate of interest from 1971-2013 that would benefit wealth managers in their forward interpretation of capital market expectations. It is not a model for market makers, since the price-setting dominance of banks in the physical as well as derivative markets presents a problem for any economic agent participating in these markets. Nonetheless, the ability to understand the variability of gold, interest rates and prices would clearly enhance financial planning and investor performance. This research models a full population of the price of gold with the rate of interest, in order to assess what impact a change in the interest rate would have on a change in the gold price (and vice versa). In developing a model price of gold that is strongly correlated with the actual price, the outcome of the research expects to show that not only is the interest rate and the gold price manipulated in relation to each other, but would also affirm the Gibson's Paradox, that real gold is inversely related with the real interest rate, so that real prices are positively related with the real interest rate.
International Business and …, 2011
Ethics on tax evasion has been discussed quite extensively from the theological and philosophical... more Ethics on tax evasion has been discussed quite extensively from the theological and philosophical perspective and its impact on the economy. However, very few discuss on the ethical aspects because everyone believes and agrees that tax evasion is unethical. The present study investigates the opinions of accounting and business students related to tax evasion by using a survey instruments consisting of 16 statements. The survey was constructed using a four-point scale and distributed to accounting and business students at Universiti Sultan Zainal Abidin, Terengganu, Malaysia. 51 accounting students and 33 business students participated in the survey. The statements will be ranked to determine which statements are strongest and which are weakest. Scores will be compared between the two samples to determine whether there were any significant differences in opinions regarding tax evasion between accounting students (BAC) and business students (BBA) and also between gender (male and female).
JAS (Journal of ASEAN Studies), 2021
The research examined this asymmetric effect between the interrelationship of the interbank rate ... more The research examined this asymmetric effect between the interrelationship of the interbank rate on the external competitiveness purchasing power represented by the real effective exchange rate for Malaysia and Thailand using monthly data covering the period of 1994 until 2020. The empirical findings confirms an asymmetric effect between interbank rate and real effective exchange rate based on the nonlinear autoregressive distributed lag estimates. The research also finds a unidirectional asymmetric causal relationship running from real effective exchange rate on interbank rate Thailand, which indicate the monetary policy has a direct relationship on interbank rate volatility. While in Malaysia, there is no causality running between both variables since the country has proposed several soft monetary policies and more concentrating on the short-term borrowing by improving the tight money supply circulation based on the domestic inflation, global economic, and financial market volatil...
Entrepreneurship education is considered important and is integrated in the curriculum of undergr... more Entrepreneurship education is considered important and is integrated in the curriculum of undergraduate studies in the higher institutions in Malaysia. However, not all students have the intentions to become entrepreneur once they graduated from the university. This paper investigates the motivational factors and the obstacles among business students in their intention to become entrepreneur. Structured questionnaires adopted from previous studies were distributed to 294 business students doing their undergraduate studies in one of the public university in Malaysia. The results found that the main motivational factors are to realize their dream, maintain their family and opportunities available in the market. The students perceived that the main obstacles faced are lack of savings, lack of business experience, uncertainty of future if they start business and fail to build trust among partners. These findings could be used to assist students in their future career to become an entrepreneur.
International Business Research, 2015
The aim of this research is to determine to what extent the price of gold is suppressed, thereby ... more The aim of this research is to determine to what extent the price of gold is suppressed, thereby revealing an internal structural problem within the global monetary system. Historical manipulation could only have been done by controlling the value of money under a fractional reserve gold standard through the physical demand for, and supply of gold, in relation to official reserves held at a central bank. More recently, the price of gold is largely influenced through paper trades, as a function of the operation of the gold market involving gold derivatives, in conjunction with physical trades and changes in official reserves. This research adopts a qualitative interpretation and numerical analysis to analyze the extent of market concentration and price manipulation. Our findings reveal that the gold market is largely deterministic rather than stochastic in nature. It also reveals that markets are not only subject to a fractional reserve banking system, but also a fractional reserve gold market, highlighting systemic instability inherent within the modern monetary system, and especially the value of the U.S. dollar and related dollar denominated assets.
The aim of this research is to determine a forecasting model of the price of gold in relation to ... more The aim of this research is to determine a forecasting model of the price of gold in relation to the rate of interest from 1971-2013 that would benefit wealth managers in their forward interpretation of capital market expectations. It is not a model for market makers, since the price-setting dominance of banks in the physical as well as derivative markets presents a problem for any economic agent participating in these markets. Nonetheless, the ability to understand the variability of gold, interest rates and prices would clearly enhance financial planning and investor performance. This research models a full population of the price of gold with the rate of interest, in order to assess what impact a change in the interest rate would have on a change in the gold price (and vice versa). In developing a model price of gold that is strongly correlated with the actual price, the outcome of the research expects to show that not only is the interest rate and the gold price manipulated in relation to each other, but would also affirm the Gibson's Paradox, that real gold is inversely related with the real interest rate, so that real prices are positively related with the real interest rate.
International Business and …, 2011
Ethics on tax evasion has been discussed quite extensively from the theological and philosophical... more Ethics on tax evasion has been discussed quite extensively from the theological and philosophical perspective and its impact on the economy. However, very few discuss on the ethical aspects because everyone believes and agrees that tax evasion is unethical. The present study investigates the opinions of accounting and business students related to tax evasion by using a survey instruments consisting of 16 statements. The survey was constructed using a four-point scale and distributed to accounting and business students at Universiti Sultan Zainal Abidin, Terengganu, Malaysia. 51 accounting students and 33 business students participated in the survey. The statements will be ranked to determine which statements are strongest and which are weakest. Scores will be compared between the two samples to determine whether there were any significant differences in opinions regarding tax evasion between accounting students (BAC) and business students (BBA) and also between gender (male and female).