Chung Tin Fah

Chung Tin Fah
HELP University | help · ELM Graduate School

BEcons (UM), MA (Yale, USA), PhD(UPM)

About

38
Publications
95,016
Reads
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70
Citations
Citations since 2017
25 Research Items
56 Citations
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2017201820192020202120222023051015
2017201820192020202120222023051015
Introduction
My current research interests -Productivity and its measurement using Kaizen and DEA analysis -Financial inclusion - measurement and impact on rural-urban gap. -Nudge theory and application
Additional affiliations
January 2013 - February 2017
Taylor's University
Position
  • Professor (Associate)
Education
August 2009 - August 2013
Universiti Putra Malaysia
Field of study
  • Finance
August 1976 - August 1978
Yale University
Field of study
  • Economics
July 1972 - August 1975
University of Malaya
Field of study
  • Economics

Publications

Publications (38)
Chapter
The study aims to identify factors affecting university students' intention to adopt the metaverse due to the 4th industrial revolution and the COVID-19 pandemic in China, based on the integration of C-TAM-TPB model and IDT theory. A questionnaire survey was conducted on university students for data collection, as the metaverse is expected to be ac...
Chapter
Full-text available
Despite massive support for blockchain startups, countries in Southeast Asia have yet to fully launch themselves into metaverse. The appeal of playing lucrative crypto games such as Axie Infinity, where active players can earn up to US$15 per day, may provide these countries the incentive to kickstart many of the business opportunities in metaverse...
Chapter
Full-text available
At the end of 2019, individuals' outdoor activities were restricted due to the emergence of COVID-19. As a result of this phenomenon, interest in online activities and interaction in the metaverse environment has increased. Online games have exploded in popularity with the young generation in Metaverse where they can earn money through the platform...
Article
Full-text available
This study aims to develop a nuanced understanding of the link between Chinese cultural values, the “Green food” label, and consumers’ willingness to pay (WTP) for Green food based on the value–attitude–behavior hierarchy model. Structural equation modeling (SEM-AMOS24.0), the bootstrapping test, and the ANOVA test are used to analyze data collecte...
Chapter
Full-text available
The increasing speed of e-payment adoption is driven by multiple factors: Generation Z (individuals born between 1990s to early 2010s), easy payment methods, open banking ecosystem, rewards incentive, network, and the onset of COVID-19 in 2020. The Malaysian government hopes through collaboration with banks and payments industries to reach a cashle...
Article
Full-text available
This study aims to investigate the impact of social media marketing activities (SMMAs) on purchase intention of skincare products among Indonesian young adults. The secondary objective of this study is to investigate the mediating effect of subjective norms, perceived behavioral control, brand awareness, and social brand engagement on the relations...
Article
Full-text available
Over the past six years, (between the period 2014-2019), China's electronic information industry and mobile Internet industry has morphed rapidly in line with its economic performance. This is attributable to the strong cooperation between smart phones and the mobile Internet, capitalizing on the rapid development of mobile terminal functions. The...
Presentation
Full-text available
Financial Crisis
Conference Paper
Full-text available
The issue of how to build an inclusive financial system that increases the degree of financial inclusion has received substantial attention and consideration from the international community. Finance, as the core of the economy, plays an important role in factor circulation and resource allocation. Financial inclusion is also emphatically studied i...
Chapter
Full-text available
This chapter provides a comparison of Malaysia's tax structure with that of Japan, Korea, the Philippines, Singapore, Indonesia, and the Organisation for Economic Cooperation and Development (OECD) countries. Through the comparison, relevant lessons on tax policy that Malaysia could adopt for a more inclusive growth philosophy are provided. Using t...
Presentation
Full-text available
This presentation provides a comparison of the tax structures of Japan, Korea, Philippines, Singapore, Indonesia, and selected Organisation for Economic Co operation and Development, OECD, countries Through the comparison with also Malaysia, relevant lessons on developed country fiscal systems are evaluated across the selected countries with the co...
Conference Paper
Full-text available
This paper provides a comparison of the tax structures of Japan, Korea, Philippines, Singapore, Indonesia, and selected Organisation for Economic Cooperation and Development, OECD, countries. Through the comparison with also Malaysia, relevant lessons on developed country fiscal systems are evaluated across the selected countries with the compariso...
Thesis
Full-text available
This thesis reports new evidence of a liquidity effect from money supply changes. From evidence, the money supply increases proposed by Friedman (1969) first lead to interest rate declines and inflation increases. Yet the proposition that money supply increase leads to liquidity surge and credit expansion in the banking sector – has not yet receive...
Preprint
Full-text available
After four decades of rapid, inclusive growth averaging 6.4% pa since 1970, due to successful transformation of the economy from an agriculture to a modern and open economy, it need to embark on painstaking reforms to launch its trajectory to a higher growth path. Among the urgent reforms is taxes which need a restructuring from direct and commodit...
Preprint
Full-text available
This chapter provides a comparison of Malaysia’s tax structure with that of Japan, Korea, Philippines, Singapore, Indonesia, and the Organisation for Economic Co-operation and Development (OECD) countries. Through the comparison, relevant lessons on tax policy that Malaysia could adopt for a more inclusive growth are provided. Using the OECD as a r...
Article
Full-text available
After four decades of rapid, inclusive growth averaging 6.4% pa since 1970, due to successful transformation of the economy from agriculture to a modern and open economy, Malaysia needs to embark on painstaking reforms to launch its trajectory to a higher growth path. Malaysia has a lower tax burden when compared to most G8 and BRIC economies. It c...
Article
Full-text available
This research employs the Data Envelopment Analysis (DEA) and Malmquist index approaches to evaluate the efficiency and Total Factor Productivity (TFP) changes of Malaysian banking system in the period of 2006-2014 using panel data of 11 major banks in Malaysia. This paper shows that the global crisis had a late effect on Malaysian banks as the TFP...
Presentation
Full-text available
Malaysia - Dawn of a new Era?
Article
Full-text available
After four decades of rapid, inclusive growth averaging 6.4% pa since 1970, due to successful transformation of the economy from an agriculture to a modern and open economy, Malaysia needs to embark on painstaking reforms to launch its trajectory to a higher growth path. Among the urgent reforms is taxes, which need a restructuring from direct and...
Research Proposal
Full-text available
Recognising that productivity is the most important lever to economic growth, the large number of low productivity sectors and the sizeable productivity shortfall to meet the nation’s high income target by 2020, the Government of Malaysia (GOM) launched a National Productivity Blueprint (NPB) in May 2017. Of the 5 productivity challenges that the N...
Article
Full-text available
Purpose The main purpose of this paper is to report how banking competition has fared ex post a major consolidation exercise completed during 2002-4, which led to a complete restructuring of the sector in Malaysia. Nothing is known about the competitiveness of banking system ex post a major consolidation of banks in any country including Malaysia,...
Article
Full-text available
This research employs the Data Envelopment Analysis (DEA) and Malmquist index approaches to evaluate the efficiency and Total Factor Productivity (TFP) changes of Malaysian banking system in the period of 2006-2014 using panel data of 11 major banks in Malaysia. This paper shows that the global crisis had a late effect on Malaysian banks as the TFP...
Article
Full-text available
This paper reports new findings on the degree of competition in banking industry during a recent eight years after a banking sector consolidation. A conventional theory holds any consolidation should lead to banking concentration, which impairs price competitiveness and risk. We apply the Panzar-Rosse non-structural test as well as Lerner Index to...
Article
Full-text available
This paper reports evidence of a banking liquidity impact on stock prices in the three Asean countries. Banking liquidity impacts suggested by Friedman is yet to be fully investigated nor verified despite several attempts. If improved liquidity of banks leads to credit expansion, which in turn leads to more positive net present value projects under...
Article
Full-text available
Oil has a profound impact on the world economy. This study examines the impact of changes (falling) in oil prices on the two oil producing ASEAN countries – Malaysia and Indonesia using quarterly data from 2005:Q1 to 2014:Q4. A cointegration analysis using an autoregressive distributed lag equation (ARDL) is conducted between oil and the Malaysian...
Article
Full-text available
Following Friedman's hypothesis that credit expansion will follow a monetary and liquidity binge, we used data from 1968-2012 in Asia (Japan, Korea, China and India) to explore this hypothesis. Our results from applying single and cointegration equations provided empirical support to the above hypothesis. This liquidity binge following a monetary i...
Article
Friedman’s proposition that money supply increases should lead to liquidity surges − to credit expansion − has yet received unanimous empirical support. We extend a test for this liquidity effect on non-bank share prices in four major Asian economies, which have not been studied. Using lengthy quarterly data series over 1960-2012, our results from...
Article
Full-text available
Prior studies that have examined the drivers of stock returns have mostly focussed on firm-specific factors. However, King demonstrated that firm-specific factors explain only 38% of the variation in stock prices, while the dominant driver was macroeconomic factors (52%) with industry-related factors accounting for the remaining 10% of stock price...
Article
Full-text available
The Global Financial Crisis has its origins in the surge in banking liquidity, which contributes to the volatility and instability of financial markets by affecting prices of financial instruments. This paper investigates the impact of banking liquidity, money supply and stock prices in ASEAN-3 economies. Although banking liquidity is widely attrib...
Article
Full-text available
This paper reveals the degree of integration of financial markets in selected ASEAN economies. Few studies on this topic provide evidence that integration of the region's financial markets remains limited, despite the steady growth of intra-ASEAN trade (the share of intra-ASEAN trade to total ASEAN trade increased from 17% in 1990 to 24% in 2013)....
Article
Full-text available
This article explores Malaysia's central bank, Bank Negara Malaysia's (BNM) response to the 1997 Asian Finance Crisis. The article begins with the debate on the endogeneity of money and causality tests of money supply, liquidity and GDP using Malaysian data for the period 1982-2012. As money supply is endogenously determined by GDP and liquidity, B...
Article
Full-text available
This paper reports results that link money supply to banking liquidity to share price formation. We apply a more current generalized method of moments procedure to run a three-equations structural model to study the money-to-liquidity-to-share-price effect in three major markets using data over 47 years. The first research question is on whether Fr...
Chapter
Full-text available
Through the years, Cagamas Berhad (Cagamas) has diversified its business model and expanded from being a national mortgage corporation supporting affordable housing for Malaysians to being an integral liquidity provider and securitisation leader in the Malaysian financial system. This chapter begins with a brief description of Cagamas’ business act...
Article
Full-text available
The money supply impacts on interest rate and liquidity were first proposed in 1961 by Friedman, the late Nobel laureate. The liquidity effect has yet received unanimous empirical support. Also, research interest on liquidity subsided in the 2000s. Using quarterly data over 1960-2011 and simultaneous solution to a system of equations, this paper re...
Article
Full-text available
This paper reports new evidence of a liquidity effect on share prices from money supply changes. Money supply impacts on interest rate and liquidity were first proposed in 1969 and there is evidence that money supply increase leads to interest rate declines. Yet the proposition that money supply increase should lead to liquidity surges – thus to cr...
Chapter
Full-text available
. Financial centres in East Asia: The Malaysian perspective Mahani Zainal Abidin and Chung Tin Fah 1. INTRODUCTION Malaysia’s growth, particularly in the 1990s, was very much predicated on a high-investment strategy. As a result, the high national savings rate was unable to provide all of the investment requirements. For example, in 1996 the saving...
Chapter
Full-text available
The money market is made up of intermediaries and instruments for short-term funds and forms an integral part of Malaysia's financial system. It provides a ready source of funds for market participants who require funding and investment outlets for those with temporary surplus funds. Operations in the money market market can be divided into two bro...

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Projects

Projects (9)
Project
New fascinating area of research
Project
This project shares researches and thoughts on contemporary social issues.
Project
Books, Articles, and Posters for Colleagues