The Covid-19 pandemic has brought about major changes to the Malaysian economic landscape in terms of productivity level, investment, and household spending. Nonetheless, the unprecedented presence of Covid-19 has caused an unexpected level of disruption to firms from a liquidity and leverage perspective that impacts financial performance. This study focused on financially distressed firms classified under PN17 and GN3 by Bursa Malaysia. Hence, the aim of this study is to examine the impact of liquidity, leverage, and the Covid-19 pandemic period on the financial performance of financially distressed firms in Malaysia which are classified as PN17 and GN3 firms. By using liquidity ratios, financial leverage ratios, and a dummy variable of Covid-19, the result showed that the current ratio, net working capital, and debt ratio were found significant to affect the financial performance. Meanwhile, there is no significant evidence to support that the Covid-19 pandemic has an impact on the performance of financially distressed firms. The finding indicates that the financially distressed firm’s financial performance was purely due to bad management practices, and not contributed by the Covid-19 pandemic.

This paper aims to examine the long-run relationship between Islamic banking development and economic growth in Malaysia for 15 years from 2004Q1 – 2018Q4. This paper employs the bound testing approach and long-run models which are developed within the autoregressive distributed lag (ARDL) framework. Islamic banking development is represented by the quarterly time-series data of Islamic banks’ total deposits [ln(dep)]. Meanwhile, Gross Domestic Products [ln(GDP)] represents economic growth. In addition, four control variables are selected, i.e. gross fixed capital formation [ln(GFCF)], trade openness [ln(OPN)], consumer price index [ln(CPI)], and general government expenditure [ln(GE)]. The findings of this research indicate that there is an Islamic finance-growth relationship in Malaysia. Besides, it also highlights the difference in the Islamic finance-economic growth nexus between pre- and post-IFSA 2013. The findings are expected to have important implications for the banking institutions, regulators, as well as policymakers, in formulating future strategies to enhance both the banking and economic development in Malaysia.

This study aims to determine the impact of corporate governance mechanism on the directors' remuneration disclosure level and firm value. Data were collected from annual reports of 200 selected companies listed in Bursa Malaysia from 2013 to 2019. Pooled OLS, longitudinal data and 2SLS was carried out to accomplish the objective. The results show that board independence significantly impact the directors’ remuneration disclosure level while CEO duality and board size are insignificant on the directors’ remuneration disclosure level. Another finding revealed that directors’ remuneration disclosure level and board size were significant in affecting the firm value. It was also found that directors’ remuneration disclosure does not mediated the relationship between board structure and firm value. This finding deserves the attention of the stakeholders, investors, policymakers, and organizations in modelling a high-level disclosure and governance structure in the corporate environment in enhancing firm value.

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