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Article
Publication date: 17 August 2010

Muhammad Najib Razali, Zaharah Manaf and Azlina Mohd Yassin

The purpose of this paper is to present the results of a study of the top listed property companies in Asia based on capital market value on internet business strategy, and to…

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Abstract

Purpose

The purpose of this paper is to present the results of a study of the top listed property companies in Asia based on capital market value on internet business strategy, and to examine the relationship between top companies and the internet business strategy index.

Design/methodology/approach

Data for the research were collected from the top 30 property companies in Asia through their web sites. The services and information offered in these web sites are discussed and used to describe the growth of internet usage in the real estate business.

Findings

From the findings, most companies in Asia realised the importance of the internet as a marketing tool. This has been proved from the good average score of the internet business strategy attributes. The results indicated that top property companies in Asia implemented good internet business strategy.

Research limitations

The research is based on a study from the top 30 companies in Asia based on market capital values as at 30 June 2009. Only three countries were selected in this study: Malaysia, Singapore and Hong Kong.

Originality/value

This paper examines the practice of property companies in Asia of using the internet as a marketing tool in property business in order to enhance the marketing strategy in this borderless world. The findings provided some insight and guidelines for the industry as well as academics on the use of information and communication technology in the property business.

Details

Property Management, vol. 28 no. 4
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 10 June 2014

Muhammad Najib Razali, Rohana Abdul Rahman, Yasmin Mohd Adnan and Azlina Mohd. Yassin

The purpose of this paper is to examine the impact of using information and communication technology (ICT) on retail property in Malaysia. It also examines what listed property…

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Abstract

Purpose

The purpose of this paper is to examine the impact of using information and communication technology (ICT) on retail property in Malaysia. It also examines what listed property companies perceive in terms of the implications of using ICT in the retail property sector in Malaysia.

Design/methodology/approach

Data were collected from sample surveys completed by 79 property companies listed on the Bursa Malaysia (formerly known as the Kuala Lumpur Stock Exchange). An ICT retail impact matrix was then developed to assess the significance of ICT on retail property in Malaysia.

Findings

The findings of the study revealed that ICT would have only a minor impact on retail property in Malaysia and that there would still be a need for the traditional means of conducting a retail property business. It also found that the listed property companies were ready to implement ICT applications and that the demand for retail property would still increase in Malaysia in the future.

Research limitations/implications

Only 66 percent of listed property companies in Malaysia (the respondents) participated in the study.

Originality/value

This paper seeks to look at the impact ICT has on retail property in Malaysia. For this purpose, an ICT retail impact matrix was developed to assess this impact. As such, this study will be used as a benchmark for future ICT studies relating to retail property and the real estate sector in Malaysia.

Details

Property Management, vol. 32 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 27 April 2022

Marhanum Che Mohd Salleh, Mohammad Abdul Matin Chowdhury, Eko Fajar Cahyono and Tika Widiastuti

The main purpose of this study is to evaluate the performance of takaful operators in Malaysia.

Abstract

Purpose

The main purpose of this study is to evaluate the performance of takaful operators in Malaysia.

Design/methodology/approach

The study applied the data envelopment analysis (DEA) technique and the ratio analysis, using secondary data available on Malaysian Takaful operators’ annual reports. The study period for the analysis ranged from 2013 to 2016.

Findings

Based on both analyses, the performance of Takaful operators was affected due to the additional cost imposed by the goods and services tax (GST) implementation. Results showed a decline in average technical efficiency for takaful operators upon GST implementation.

Research limitations/implications

The data were taken from the annual audited reports for selected firms that were available on the firm’s website only, which was limited. The data were taken till 2016, even though the GST is omitted from Malaysia on 1 June 2018. This study has applied Ratio analysis and DEA constant returns to scale (CRS) technique; the future study may adopt both DEA CRS and DEA carrying returns to scale model to evaluate along with other methods to identify the specific factors.

Practical implications

These findings may associate policymakers in identifying the shortcomings of GST or new tax implementation in a new and emerging industry. So, the policymakers and central banks may adopt necessary initiatives to support the industry. Because the Malaysian government is trying to push the takaful industry along with Islamic banking and finance in the competitive market, takaful operators may be exempted from the current sales and service tax (SST). In addition, takaful operators may use these findings to enhance their operational activities efficiently to improve performance. This paper might help the researchers and practitioners to learn the impact of GST. Even though GST seems not relevant anymore as the government has replaced it with SST, the trick is still the same as it is a kind of tax or costs incurred by the Takaful operators in running their business. Takaful managers may identify their efficient level in managerial aspects as well as the optimal scale of resources by the findings of this study.

Originality/value

To the best of the authors’ knowledge, this research is original in terms of data that is gathered directly from the annual report of the company during the GST period.

Details

Journal of Islamic Accounting and Business Research, vol. 13 no. 6
Type: Research Article
ISSN: 1759-0817

Keywords

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