NURHUDA NIZAR
* Corresponding Author
Universiti Teknologi MARA
Malaysia

is a senior lecturer in Finance at the Faculty of Business and Management, Universiti Teknologi MARA (UiTM). She earned her Ph.D. in Finance (2019) from Universiti Kebangsaan Malaysia (UKM). Her current area of research is financial institutions and Personal Finance. Author's contact detail: +60123545754 complete address; Universiti Teknologi MARA, Cawangan Selangor, Kampus Puncak Alam, 42300 Bandar Puncak Alam, Selangor, e-mail: nurhuda.nizar@gmail.com

Zulkefly Abdul Karim
Universiti Kebangsaan Malaysia (UKM)
Malaysia

is an Associate Professor at Universiti Kebangsaan Malaysia (UKM). He obtained his Ph.D. in Economics from the University of Southampton, UK. His research interests are Monetary and Financial Economics, International Finance, Applied Econometric, and Public Finance. Author's contact detail: +6019280 3768 complete address; Universiti Kebangsaan Malaysia, 43600 UKM, Bangi Selangor, MALAYSIA., e-mail: zak1972@ukm.edu.my