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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Published in | Journal of behavioral and experimental finance Vol. 34; p. 100650 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Elsevier B.V
01.06.2022
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Subjects | |
Online Access | Get full text |
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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. |
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ISSN: | 2214-6350 2214-6350 |
DOI: | 10.1016/j.jbef.2022.100650 |