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.
DOI
10.1016/j.econlet.2019.03.032
Publication Date
2019-03-28
Publication Title
Economics Letters
Publisher
Elsevier
ISSN
0165-1765
Embargo Period
2024-11-19
Keywords
Entrenchment, Shariah scholars, agency costs, Islamic banks, non-shareholding stakeholders
Recommended Citation
Nawaz, T., & Virk, N. (2019) 'Religious entrenchment and agency costs', Economics Letters, . Elsevier: Available at: https://doi.org/10.1016/j.econlet.2019.03.032
