Drawing on the stewardship and dominion theories, this paper empirically investigates the association between local religious diversity within which firms are headquartered and corporate environmental initiatives. Using a large U.S. sample, we document that firms headquartered in high...

Our study extends the existing literature by exploring the impact of three major risk and uncertainty indices on the Dow Jones Islamic Market (DJIM) World and the ten major sectoral Islamic equity indices. We also look at whether the sectoral indices differ from the global benchmark index...

Using lab experiments this paper examines how the risk and return characteristics of a venture along with an entrepreneur’s effort provision in it are affected by whether the venture is funded by a debt or an equity contract. In our experiments participants are sorted into groups where they...

This study empirically analyzes the MPTM through bank’ balance sheet in Pakistan for the period of 2008-2018. The data set consists of 22 conventional banks and 18 Islamic banks (5 full-fledged and 13 Islamic windows of conventional banks) of Pakistan. The study employs the robust two-step...

We empirically examine the impact of economic policy uncertainty (EPU) on banks’ funding structure (FUD). Using an extensive dataset of U.S. bank holding companies, we find that high policy uncertainty strengthens banks’ FUD. For banks with a pre-existing low FUD, an increase in EPU raises...

We evaluate the influence of five major uncertainty factors on four asset classes. Our time-varying findings suggest that each asset hedges only a particular uncertainty factor, whereas gold does more than one factor, especially during COVID-19. Our quantile regression results show that gold and...

This study examines the dynamics of lead-lag and comovements between geopolitical risk and African stocks using daily data from February 2022 to July 2022. By employing the squared wavelet coherence and wavelet coherence phase difference under the bi-wavelet econometric framework, we report that...

This study aims to empirically examine the relationship between working capital management and firm performance in Scandinavian markets for the period 2007-2020. This study reports an inverse relationship between WCM, and firm performance measured through return on assets, gross operating...

Using hand collected information of Shariah scholars on 114 Islamic banks over the period of 8 years, link between intermediation margin and reputation of these scholars is investigated. Consistent with resource-based view and signalling theory, we found positive association between the two...

We re-examine the size of the underground economy in the U.S. between 1972 and 2006, after properly adjusting for several statistical issues relating to its estimation. The dynamic error-correction-based currency demand approach confirms that income tax rates have no contemporaneous effect on...