Can I read Islamic labeled firms: Revisiting Dow Jones measure of compliance on EtoBox?

Islamic labeled firms: Revisiting Dow Jones measure of compliance by Elnahas, Ahmed; Ismail, Ghada; ElâKhatib, Rwan; Hassan, M. Kabir is a Business, Management and Accounting article available to read on EtoBox.

What is Islamic labeled firms: Revisiting Dow Jones measure of compliance about?

Billions of dollars, across 131 countries, are invested in Islamic law-compliant funds that are often promoted as consistent with the spirit and overall objectives of Islam (Maqasid Al-Sharia), thereby indicating they are more socially responsible, less risky, and less prone to failure. The empirical results of this study indicate that Shariah-compliant firms identified by the Dow Jones do not have higher corporate social responsibility (CSR) scores, lower risk, or lower likelihood of failure than noncompliant firms. We address endogeneity using the instrumental variable (IV) approach and selection bias using propensity score matching. Our results are similar when using the Dow Jones Islamic Market World, the

Who reads Islamic labeled firms: Revisiting Dow Jones measure of compliance?

Author

Elnahas, Ahmed; Ismail, Ghada; ElâKhatib, Rwan; Hassan, M. Kabir

Publisher

John Wiley and Sons; Wiley (Blackwell Publishing); Blackwell Publishing Inc.; Wiley (ISSN 0306-686X)

Published

2021

Language

EN

Field

Business, Management and Accounting (Social Sciences)