Pelarian Dana

Bukti Baru Daripada Modal Manusia

Translated title of the contribution: Capital flight: New evidence on the role of human capital

Research output: Contribution to journalArticle

Abstract

Many studies have been initiated to investigate issues of capital flight since early 1980s. However, the studies focused mainly on fine-tuning the calculation method and major causes of capital flight. This study takes a step further by proposing human capital factor to moderate the negative impacts of economic risk and institutional risk to the capital flight. The purpose of this paper is to examine the relationship between the capital flight and human capital using dynamic panel system. The result shows that the estimated coefficient of human capital has a negative relationship with the capital flight activities. This finding explains that human capital can reduce the intensity of capital flight by increasing the confidence of investors to invest and maintain existing investments. Thus strengthening of human capital should be a priority in curbing capital flight problem.

Original languageMalay
Pages (from-to)133-142
Number of pages10
JournalJurnal Ekonomi Malaysia
Volume50
Issue number2
DOIs
Publication statusPublished - 2016

Fingerprint

Capital flight
Human capital
Factors
Economic risk
Investors
Dynamic panel
Confidence
Coefficients
Calculation method

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)

Cite this

Pelarian Dana : Bukti Baru Daripada Modal Manusia. / Sarmidi, Tamat; Md Nor, Abu Hassan Shaari; Zaidi, Mohd Azlan Shah; Basar, Umar Abdul.

In: Jurnal Ekonomi Malaysia, Vol. 50, No. 2, 2016, p. 133-142.

Research output: Contribution to journalArticle

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abstract = "Many studies have been initiated to investigate issues of capital flight since early 1980s. However, the studies focused mainly on fine-tuning the calculation method and major causes of capital flight. This study takes a step further by proposing human capital factor to moderate the negative impacts of economic risk and institutional risk to the capital flight. The purpose of this paper is to examine the relationship between the capital flight and human capital using dynamic panel system. The result shows that the estimated coefficient of human capital has a negative relationship with the capital flight activities. This finding explains that human capital can reduce the intensity of capital flight by increasing the confidence of investors to invest and maintain existing investments. Thus strengthening of human capital should be a priority in curbing capital flight problem.",
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AU - Md Nor, Abu Hassan Shaari

AU - Zaidi, Mohd Azlan Shah

AU - Basar, Umar Abdul

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AB - Many studies have been initiated to investigate issues of capital flight since early 1980s. However, the studies focused mainly on fine-tuning the calculation method and major causes of capital flight. This study takes a step further by proposing human capital factor to moderate the negative impacts of economic risk and institutional risk to the capital flight. The purpose of this paper is to examine the relationship between the capital flight and human capital using dynamic panel system. The result shows that the estimated coefficient of human capital has a negative relationship with the capital flight activities. This finding explains that human capital can reduce the intensity of capital flight by increasing the confidence of investors to invest and maintain existing investments. Thus strengthening of human capital should be a priority in curbing capital flight problem.

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