Testing the Rational Expectations Hypothesis on the Retail Trade Sector Using Survey Data from Malaysia
The rational expectations hypothesis states that when people are expecting things to happen, using the available information, the predicted outcomes usually occur. This study utilized survey data provided by the Business Expectations Survey of Limited Companies to test whether forecasts of the Malay...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universiti Malaysia Sarawak, (UNIMAS)
2011
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| Online Access: | http://ir.unimas.my/id/eprint/3247/ http://ir.unimas.my/id/eprint/3247/1/Testing.pdf |
| _version_ | 1848835170409381888 |
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| author | Puah, Chin Hong Lee, Lucy Yun Chong Mohamad, Jais |
| author_facet | Puah, Chin Hong Lee, Lucy Yun Chong Mohamad, Jais |
| author_sort | Puah, Chin Hong |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | The rational expectations hypothesis states that when people are expecting things to happen, using the available information, the predicted outcomes usually occur. This study utilized survey data provided by the Business Expectations Survey of Limited Companies to test whether forecasts of the Malaysian retail sector, based on gross revenue and capital expenditures, are rational. The empirical evidence illustrates that the decision-makers expectations in the retail sector are biased and too optimistic in forecasting gross revenue and capital expenditures. |
| first_indexed | 2025-11-15T06:03:37Z |
| format | Article |
| id | unimas-3247 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:03:37Z |
| publishDate | 2011 |
| publisher | Universiti Malaysia Sarawak, (UNIMAS) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-32472022-03-23T07:32:58Z http://ir.unimas.my/id/eprint/3247/ Testing the Rational Expectations Hypothesis on the Retail Trade Sector Using Survey Data from Malaysia Puah, Chin Hong Lee, Lucy Yun Chong Mohamad, Jais AC Collections. Series. Collected works HB Economic Theory The rational expectations hypothesis states that when people are expecting things to happen, using the available information, the predicted outcomes usually occur. This study utilized survey data provided by the Business Expectations Survey of Limited Companies to test whether forecasts of the Malaysian retail sector, based on gross revenue and capital expenditures, are rational. The empirical evidence illustrates that the decision-makers expectations in the retail sector are biased and too optimistic in forecasting gross revenue and capital expenditures. Universiti Malaysia Sarawak, (UNIMAS) 2011 Article NonPeerReviewed text en http://ir.unimas.my/id/eprint/3247/1/Testing.pdf Puah, Chin Hong and Lee, Lucy Yun Chong and Mohamad, Jais (2011) Testing the Rational Expectations Hypothesis on the Retail Trade Sector Using Survey Data from Malaysia. Journal of International Business and Economics, 11 (4). pp. 214-218. ISSN 2374-2194 http://jibe-net.com/ |
| spellingShingle | AC Collections. Series. Collected works HB Economic Theory Puah, Chin Hong Lee, Lucy Yun Chong Mohamad, Jais Testing the Rational Expectations Hypothesis on the Retail Trade Sector Using Survey Data from Malaysia |
| title | Testing the Rational Expectations Hypothesis on the Retail Trade Sector Using Survey Data from Malaysia |
| title_full | Testing the Rational Expectations Hypothesis on the Retail Trade Sector Using Survey Data from Malaysia |
| title_fullStr | Testing the Rational Expectations Hypothesis on the Retail Trade Sector Using Survey Data from Malaysia |
| title_full_unstemmed | Testing the Rational Expectations Hypothesis on the Retail Trade Sector Using Survey Data from Malaysia |
| title_short | Testing the Rational Expectations Hypothesis on the Retail Trade Sector Using Survey Data from Malaysia |
| title_sort | testing the rational expectations hypothesis on the retail trade sector using survey data from malaysia |
| topic | AC Collections. Series. Collected works HB Economic Theory |
| url | http://ir.unimas.my/id/eprint/3247/ http://ir.unimas.my/id/eprint/3247/ http://ir.unimas.my/id/eprint/3247/1/Testing.pdf |