Religious entrenchment and agency costs

Tasawar Nawaz; Nader Shahzad Virk

doi:10.1016/j.econlet.2019.03.032

Religious entrenchment and agency costs

Tasawar Nawaz, Nader Shahzad Virk

Research output: Contribution to journal › Article › peer-review

12 Citations (Scopus)

Abstract

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 language	English
Pages (from-to)	83-86
Number of pages	4
Journal	Economics Letters
Volume	179
Early online date	8 Apr 2019
DOIs	https://doi.org/10.1016/j.econlet.2019.03.032
Publication status	Published - 1 Jun 2019
Externally published	Yes

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title = "Religious entrenchment and agency costs",

abstract = "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.",

keywords = "Agency costs, Entrenchment, Islamic banks, Non-shareholding stakeholders, Shariah scholars",

author = "Tasawar Nawaz and Virk, {Nader Shahzad}",

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year = "2019",

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doi = "10.1016/j.econlet.2019.03.032",

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AU - Virk, Nader Shahzad

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AB - 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.

KW - Agency costs

KW - Entrenchment

KW - Islamic banks

KW - Non-shareholding stakeholders

KW - Shariah scholars

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DO - 10.1016/j.econlet.2019.03.032

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VL - 179

SP - 83

EP - 86

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

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Religious entrenchment and agency costs

Abstract

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