Abstract
This research aims to examine the determinants of primary market spread and measure financial performance of Cagamas as its case study. Ordinary least square method and regression analysis are applied for the study period of 2004–2012. The result shows that three determinants influence or contribute to the primary market spread that are statistically significant for Cagamas, and its financial performance shows that it is resilient during 2007–2008 US subprime crisis. In fact, Cagamas shows rising profits and dividends in the period of study. As such, this study testifies the success of Cagamas as an intermediary between long-term investors and lenders in the Malaysian mortgage market.
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Bakri, M.H., Ali, R., Ismail, S. (2016). Developing Primary Market Spread and Measuring Financial Performance of Staff Housing Government Loans. In: Pyeman, J., Wan Rashid, W., Hanif, A., Syed Mohamad, S., Tan, P. (eds) Proceedings of the 1st AAGBS International Conference on Business Management 2014 (AiCoBM 2014). Springer, Singapore. https://doi.org/10.1007/978-981-287-426-9_44
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DOI: https://doi.org/10.1007/978-981-287-426-9_44
Publisher Name: Springer, Singapore
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