Do Muslim directors influence firm performance? empirical evidence from Malaysia

This study examines the impact of several corporate governance mechanisms on the performance of firms in Malaysia. Giving particular attention on board diversity, this study looks into the impact of Muslim directors in the board of directors (BoD) on firm performance. It is found that the presence o...

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Main Author: Haron, Razali
Format: Article
Language:English
English
Published: IIUM Press, International Islamic University Malaysia 2018
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Online Access:http://irep.iium.edu.my/68215/1/68215_Do%20Muslim%20directors%20influence%20firm%20performance.pdf
http://irep.iium.edu.my/68215/2/68215_Do%20Muslim%20directors%20influence%20firm%20performance_WOS.pdf
http://irep.iium.edu.my/68215/
http://journals.iium.edu.my/shajarah/index.php/shaj/issue/view/53
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spelling my.iium.irep.682152019-02-12T00:55:59Z http://irep.iium.edu.my/68215/ Do Muslim directors influence firm performance? empirical evidence from Malaysia Haron, Razali HG3368 Islamic Banking and Finance This study examines the impact of several corporate governance mechanisms on the performance of firms in Malaysia. Giving particular attention on board diversity, this study looks into the impact of Muslim directors in the board of directors (BoD) on firm performance. It is found that the presence of Muslim directors in the BoD does have a significant impact on the performance of the firms and can bring the firm to its utmost performance. Board independence seems to coexist with CEO duality in pursuing maximum firm value and directors’ remuneration does not seem to be the driver and motivator to achieve good firm performance. Board size is also taken into consideration when devising corporate governance structure where the larger the size of the board the better performance it is for the firms. Policy makers and other responsible players should take into account the mechanisms discussed in this study when structuring corporate governance. This study fills the gap and contributes significantly to the literature by proving extensive findings with regards to the impact of corporate governance on firms’ performance especially the presence of Muslim directors in BoD in Malaysia. IIUM Press, International Islamic University Malaysia 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/68215/1/68215_Do%20Muslim%20directors%20influence%20firm%20performance.pdf application/pdf en http://irep.iium.edu.my/68215/2/68215_Do%20Muslim%20directors%20influence%20firm%20performance_WOS.pdf Haron, Razali (2018) Do Muslim directors influence firm performance? empirical evidence from Malaysia. Al-Shajarah: Journal of The International Institute of Islamic Thought and Civilization (ISTAC), Special Issue Islamic Banking & Finance 2018. pp. 283-305. ISSN 1394-6870 http://journals.iium.edu.my/shajarah/index.php/shaj/issue/view/53
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HG3368 Islamic Banking and Finance
spellingShingle HG3368 Islamic Banking and Finance
Haron, Razali
Do Muslim directors influence firm performance? empirical evidence from Malaysia
description This study examines the impact of several corporate governance mechanisms on the performance of firms in Malaysia. Giving particular attention on board diversity, this study looks into the impact of Muslim directors in the board of directors (BoD) on firm performance. It is found that the presence of Muslim directors in the BoD does have a significant impact on the performance of the firms and can bring the firm to its utmost performance. Board independence seems to coexist with CEO duality in pursuing maximum firm value and directors’ remuneration does not seem to be the driver and motivator to achieve good firm performance. Board size is also taken into consideration when devising corporate governance structure where the larger the size of the board the better performance it is for the firms. Policy makers and other responsible players should take into account the mechanisms discussed in this study when structuring corporate governance. This study fills the gap and contributes significantly to the literature by proving extensive findings with regards to the impact of corporate governance on firms’ performance especially the presence of Muslim directors in BoD in Malaysia.
format Article
author Haron, Razali
author_facet Haron, Razali
author_sort Haron, Razali
title Do Muslim directors influence firm performance? empirical evidence from Malaysia
title_short Do Muslim directors influence firm performance? empirical evidence from Malaysia
title_full Do Muslim directors influence firm performance? empirical evidence from Malaysia
title_fullStr Do Muslim directors influence firm performance? empirical evidence from Malaysia
title_full_unstemmed Do Muslim directors influence firm performance? empirical evidence from Malaysia
title_sort do muslim directors influence firm performance? empirical evidence from malaysia
publisher IIUM Press, International Islamic University Malaysia
publishDate 2018
url http://irep.iium.edu.my/68215/1/68215_Do%20Muslim%20directors%20influence%20firm%20performance.pdf
http://irep.iium.edu.my/68215/2/68215_Do%20Muslim%20directors%20influence%20firm%20performance_WOS.pdf
http://irep.iium.edu.my/68215/
http://journals.iium.edu.my/shajarah/index.php/shaj/issue/view/53
_version_ 1643619051956600832
score 13.211869