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Kok, SK and Shahgholian, A (2023) The impact of proximity within elite corporate networks on the Shariah governance-firm performance nexus: Evidence from the global Shariah elite. Emerging Markets Review, 54. ISSN 1566-0141
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The impact of proximity within elite corporate networks on the Shariah governance-firm performance nexus Evidence from the global Shariah elite.pdf - Accepted Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (1MB) | Preview |
Abstract
Research shows the importance of social networks in the generation of valuable firm resources through informational flows. We extend this conceptualization to Shariah governance and the global Shariah elite as embodied by the Shariah supervisory board. Utilizing a unique dataset of 140 Islamic financial institutions over 2011-2015, across 16 nations, we find that interlocking behavior amongst Shariah supervisory boards is time-invariant and network proximity has an inverted U-shaped curvilinear impact on the performance of Islamic financial institutions. Our findings extend the academic literature on SSB interlocking behavior by disentangling the impact of network proximity on the Shariah governance-firm performance nexus.
| Item Type: | Article |
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| Uncontrolled Keywords: | 1402 Applied Economics; 1502 Banking, Finance and Investment; Finance |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance |
| Divisions: | Liverpool Business School |
| Publisher: | Elsevier BV |
| SWORD Depositor: | A Symplectic |
| Date Deposited: | 13 Jan 2023 12:14 |
| Last Modified: | 25 Sep 2024 09:38 |
| DOI or ID number: | 10.1016/j.ememar.2023.100998 |
| URI: | https://researchonline.ljmu.ac.uk/id/eprint/18617 |
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