Religious entrenchment and agency costs

Tasawar Nawaz, Nader Shahzad Virk

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)


The entrenchment effects of 20 prominent Shariah scholars show an increase in the agency costs for the Islamic banks in our study. This supports the notion that managers may provide concessions to external non-shareholding stakeholders to pursue their personal agendas.

Original languageEnglish
Pages (from-to)83-86
Number of pages4
JournalEconomics Letters
Early online date8 Apr 2019
Publication statusPublished - 1 Jun 2019
Externally publishedYes


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