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

^*Corresponding author for this work

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

13 Scopus citations

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
DOIs	https://doi.org/10.1016/j.econlet.2019.03.032
State	Published - Jun 2019
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2019

Keywords

Agency costs
Entrenchment
Islamic banks
Non-shareholding stakeholders
Shariah scholars

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2019.03.032

Cite this

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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\}",

note = "Publisher Copyright: {\textcopyright} 2019",

year = "2019",

month = jun,

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

language = "English",

volume = "179",

pages = "83--86",

journal = "Economics Letters",

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AU - Virk, Nader Shahzad

PY - 2019/6

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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

UR - https://www.scopus.com/pages/publications/85063964876

U2 - 10.1016/j.econlet.2019.03.032

DO - 10.1016/j.econlet.2019.03.032

M3 - Article

AN - SCOPUS:85063964876

SN - 0165-1765

VL - 179

SP - 83

EP - 86

JO - Economics Letters

JF - Economics Letters

ER -

Religious entrenchment and agency costs

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

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