Firm risk and corporate policies: From the shariah certification perspective
In this study, we show that Shariah certification leads to risk-reduction benefits. Shariah-compliant firms are negatively related to firm risk; and tolerate lower risk than non-Shariah-complaint firms. This evidence is in line with Shariah principles that prohibit controversial business activities...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Malaysia Sarawak
2019
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/27420/1/IJBS%2020%203%202019%201257%201275.pdf |