Corporate social responsibility, intrinsic religiosity, and investment decisions

We contribute to corporate social responsibility research by examining the influence of intrinsic Islamic religiosity, operationalized by Islamic Worldview, on investment decisions related to a firm faced with alleged environmental degradation in Pakistan. The findings based on a sample of 176 junio...

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Bibliographic Details
Published inJournal of behavioral and experimental finance Vol. 34; p. 100650
Main Authors Shahid, Ahmad Usman, Patel, Chris, Pan, Peipei
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.06.2022
Subjects
Corporate social responsibility
Environmental degradation
Intrinsic Islamic religiosity
Investment decisions
Intrinsic Islamic religiosity
Corporate social responsibility
Q56
G11
Environmental degradation
Z12
M41
Investment decisions
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Summary:We contribute to corporate social responsibility research by examining the influence of intrinsic Islamic religiosity, operationalized by Islamic Worldview, on investment decisions related to a firm faced with alleged environmental degradation in Pakistan. The findings based on a sample of 176 junior business executives establish that investors with higher scores on Islamic Worldview are less likely to invest in a profitable firm that is alleged of environmental degradation than those with lower scores. Guided by their intrinsic religiosity, investors make decisions different from those of the supposedly economically rational person.
ISSN:2214-6350
2214-6350
DOI:10.1016/j.jbef.2022.100650