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The moderating effect of shariah compliance on the relationship between corporate risk taking and firm performance

The aim of this study is to examine the moderating effect of Shariah compliance on the relationship between corporate risk-taking and firm performance. The study's data was acquired from DataStream (Thomson Reuters) and annual reports extracted from the Bursa Malaysia website. To analyze the da...

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Main Authors: Chia Chia Yong, Mohd Ashari Bakri
Format: Article
Language:English
English
Published: Universiti Malaysia Sabah 2023
Subjects:
HD45-45.2 Technological innovations. Automation
KBP490-4860 Furã# al-fiqh. Substantive law. Branches of law
Online Access:https://eprints.ums.edu.my/id/eprint/38786/1/ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/38786/2/FULL%20TEXT.pdf
https://eprints.ums.edu.my/id/eprint/38786/
https://orcid.org/0000-0002-3698-0931
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spelling my.ums.eprints.387862024-06-07T08:29:01Z https://eprints.ums.edu.my/id/eprint/38786/ The moderating effect of shariah compliance on the relationship between corporate risk taking and firm performance Chia Chia Yong Mohd Ashari Bakri HD45-45.2 Technological innovations. Automation KBP490-4860 Furã# al-fiqh. Substantive law. Branches of law The aim of this study is to examine the moderating effect of Shariah compliance on the relationship between corporate risk-taking and firm performance. The study's data was acquired from DataStream (Thomson Reuters) and annual reports extracted from the Bursa Malaysia website. To analyze the data, the study used panel data analysis, specifically pooled OLS, random and fixed effect were employed. In order to identify the most appropriate model, the study employed the Breusch-Pagan-Lagrange multiplier (LM) test and Hausman test. Additionally, robust standard error estimation was utilized to address the possible presence of serial correlation and heteroskedasticity. The study reveals that Shariah compliance moderate the relationship between corporate risk taking and firm performance. The findings are useful to inform managers on how to tailor their investment strategies to the needs of their clients, especially to the needs of average-risk investors to make an informed decision as well as to who might consider shariah compliant portfolio as part of their investment diversification. Universiti Malaysia Sabah 2023 Article NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/38786/1/ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/38786/2/FULL%20TEXT.pdf Chia Chia Yong and Mohd Ashari Bakri (2023) The moderating effect of shariah compliance on the relationship between corporate risk taking and firm performance. Labuan Bulletin of International Business &Finance, 21. pp. 1-16. https://orcid.org/0000-0002-3698-0931
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HD45-45.2 Technological innovations. Automation
KBP490-4860 Furã# al-fiqh. Substantive law. Branches of law
spellingShingle HD45-45.2 Technological innovations. Automation
KBP490-4860 Furã# al-fiqh. Substantive law. Branches of law
Chia Chia Yong
Mohd Ashari Bakri
The moderating effect of shariah compliance on the relationship between corporate risk taking and firm performance
description The aim of this study is to examine the moderating effect of Shariah compliance on the relationship between corporate risk-taking and firm performance. The study's data was acquired from DataStream (Thomson Reuters) and annual reports extracted from the Bursa Malaysia website. To analyze the data, the study used panel data analysis, specifically pooled OLS, random and fixed effect were employed. In order to identify the most appropriate model, the study employed the Breusch-Pagan-Lagrange multiplier (LM) test and Hausman test. Additionally, robust standard error estimation was utilized to address the possible presence of serial correlation and heteroskedasticity. The study reveals that Shariah compliance moderate the relationship between corporate risk taking and firm performance. The findings are useful to inform managers on how to tailor their investment strategies to the needs of their clients, especially to the needs of average-risk investors to make an informed decision as well as to who might consider shariah compliant portfolio as part of their investment diversification.
format Article
author Chia Chia Yong
Mohd Ashari Bakri
author_facet Chia Chia Yong
Mohd Ashari Bakri
author_sort Chia Chia Yong
title The moderating effect of shariah compliance on the relationship between corporate risk taking and firm performance
title_short The moderating effect of shariah compliance on the relationship between corporate risk taking and firm performance
title_full The moderating effect of shariah compliance on the relationship between corporate risk taking and firm performance
title_fullStr The moderating effect of shariah compliance on the relationship between corporate risk taking and firm performance
title_full_unstemmed The moderating effect of shariah compliance on the relationship between corporate risk taking and firm performance
title_sort moderating effect of shariah compliance on the relationship between corporate risk taking and firm performance
publisher Universiti Malaysia Sabah
publishDate 2023
url https://eprints.ums.edu.my/id/eprint/38786/1/ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/38786/2/FULL%20TEXT.pdf
https://eprints.ums.edu.my/id/eprint/38786/
https://orcid.org/0000-0002-3698-0931
_version_ 1802978347498602496
score 13.211869

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