Religious entrenchment and agency costs

Tasawar Nawaz and Nader Shahzad Virk

Economics Letters, 2019, vol. 179, issue C, 83-86

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: Entrenchment; Shariah scholars; Agency costs; Islamic banks; Non-shareholding stakeholders (search for similar items in EconPapers)
JEL-codes: G30 G34 G38 M12 M48 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:179:y:2019:i:c:p:83-86

DOI: 10.1016/j.econlet.2019.03.032

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