Corrigendum to A canary in a Coalmine! religious agency and its impact on the performance of Islamic banks
| dc.contributor.author | Shahzad Virk, Nader | |
| dc.contributor.author | Nawaz, Tasawar | |
| dc.contributor.author | Molyneux, Philip | |
| dc.contributor.author | ETAL.. | |
| dc.date.accessioned | 2024-05-23T12:21:01Z | |
| dc.date.available | 2024-05-23T12:21:01Z | |
| dc.date.issued | 2023 | |
| dc.description | Entrenchment is a contentious issue in the corporate governance literature. This may cause managerial misalignment to a firm’s interests because of the perennial conflict of interest problem. | |
| dc.description.abstract | We examine the impact of religious agency on the performance of GCC Islamic banks. Our results show that a high proportion of prominent religious scholars on Shariah supervisory boards (SSB) improves financial performance. However, when a prominent Shariah scholar chairs the SSB there are negative performance effects. With the high concentration of a few Shariah scholars, our findings have twofold implications: first, future research should develop approaches to test Shariah governance effectiveness in relation to the assigned mandate of SSBs; second, there is a need for revisiting Shariah compliance mechanisms to mitigate the embeddedness of Shariah scholars and their influence on Islamic bank performance. Keywords: Islamic banking, Shariah governanc, Entrenchment, Conflict of interest | en |
| dc.identifier.citation | Virk, N. S., Nawaz, T., & Molyneux, P. (2022). A canary in a Coalmine! religious agency and its impact on the performance of Islamic banks. Journal of International Financial Markets, Institutions and Money, 78, 101559. | |
| dc.identifier.doi | https://doi.org/10.1016/j.intfin.2022.101559 | |
| dc.identifier.uri | https://dspace.adu.ac.ae/handle/1/5386 | |
| dc.language.iso | en | |
| dc.publisher | Elsevier | |
| dc.title | Corrigendum to A canary in a Coalmine! religious agency and its impact on the performance of Islamic banks | |
| dc.type | Article |