Corporate social responsibility, intrinsic religiosity, and investment decisions

Ahmad Usman Shahid, Chris Patel*, Peipei Pan

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

17 Citations (Scopus)

Abstract

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.

Original languageEnglish
Article number100650
Pages (from-to)1-9
Number of pages9
JournalJournal of Behavioral and Experimental Finance
Volume34
DOIs
Publication statusPublished - Jun 2022

Keywords

  • Corporate social responsibility
  • Environmental degradation
  • Intrinsic Islamic religiosity
  • Investment decisions

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