The failure of companies to remain profit incurred gradually over several years. Market value of a company under financial distress will reduce; as suppliers prefer cash basis payment on the delivery terms and this may cause a cancellation of order from the customer since the anticipated items would not be delivered on time. Several factors can lead to the failure of a company and determinants of financial distress are important to the company, bankers, investors, the asset manager and rating agencies. Early signs of financial distress can help the manager to take preventive actions to save the company from falling prey to distress. Any economic agent that has any interest with the company namely shareholders, managers, employees, bankers and clients will be affected with the company's failure. Therefore, the main objective of this study is to determine financial distress among the companies Practice Note 17 (PN17) listed in Bursa Malaysia by using the Altman Z-Score Model as a proxy to financial distress. Panel data from 18 companies listed in PN17, Bursa Malaysia for a period of eight (8) years, from 2009 to 2016 were analysed using Fixed Effects Model. This research used the Financial Statement from specific variables that are not used in Altman Z-Score model as potential determinants financial distress. The findings indicate that leverage and profitability are significant determinants of financial distress.

This paper aimed to complete a rigorous, systematic exploration of the literature investigating the effects of psychological factors on the financial well-being in Malaysia context. We identified 13 papers that report empirical evidence on the effect of psychological factors on the financial well-being in Malaysia context. The findings conclude that the studies in financial well-being are focusing on four groups of respondents namely college student, young employees, singles mothers and Muslim individual and the eleven types of psychological variables are identified. This assemblage of reviewed research papers will be useful for the academia and government to cultivate understanding on the psychological rumblings of an individual and leading to greater financial well-being, hence uplifting the quality of life of affected parties.Keywords: Financial well-being; Financial behaviour; Psychological Factors;eISSN: 2398-4287 © 2020. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.DOI: https://doi.org/10.21834/e-bpj.v5i13.2063

This paper is aimed at advancing empirical indications on micro variable factors determining systematic risk in Shariah complaints firms listed on Bursa Malaysia. This paper also attempts to identify whether the Shariah compliant firms are showing the same micro variables factors that determine systemic risk. The systematic issues have become the main concern to many related parties such as policy makers, investors and stakeholders as systematic risk is unable to be removed through diversification. Shariah compliant firms have their own unique systematic risk owing to their difference in business philosophy. A hypothesis between the relationship of the firms-specific micro variable factors and systemic risk are established on foregoing studies and theoretical framework respectively, and analyzed using the Fixed Effects Model tested on the data from 80 listed companies covering a period from 2009 to 2018. The results show that leverage and growth are the most significant factors of the systematic risk of Shariah compliant firms. Therefore, high leverage and growth firms are considered to be high risk for investment in Malaysia capital market.

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Green investment in Malaysia is still in its infancy stage, due to lack of exposure of the green concept among the general population. It is a type of investment that considers the environmental aspects within the context of rigorous financial analysis. Accordingly, this study attempts to identify factors influencing Muslims’ intention to adopt green investment. The theory of planned behaviour (TPB) framework was adopted which include attitude, subjective norms, perceived behavioural control, knowledge, reputation and religious values. The data for the study were collected through self-administered questionnaires using a six point Likert Scale among 270 respondents in the Klang Valley area. This study discovered that the five variables comprising attitude, perceived behavioural control, knowledge, reputation and religious values significantly influenced Muslims’ intention to participate in green investment, with religious values as the most significant contributor. Correspondingly, some implications have been identified and future research directions are also indicated for promoting green investment.