Corporate social responsibility, intrinsic religiosity, and investment decisions

Shahid, Ahmad Usman; Patel, Chris; Pan, Peipei

doi:10.1016/j.jbef.2022.100650

Cited by 16 publications

(11 citation statements)

References 99 publications

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“…This perspective also affects saving behaviour (Chan et al, 2022). Research conducted by Shahid et al (2022) showed that the results of the religiosity variable significantly affected saving decisions. H6: Religiosity effect on consumer decision.…”

Section: Religiosity and Consumer Decisionmentioning

confidence: 99%

Determinant of Consumer Decision on Islamic Banking

Sari

Siswanto

Maksum

et al. 2023

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This study investigates the determinant of customer decisions in Islamic banks' savings: motivation, promotion, and religiosity. Trust variable as a form of research novelty as a mediation. This study uses a quantitative approach with explanatory research. Using purposive sampling, the sample is 95 Islamic bank customers in Nganjuk City, East Java. Data are analyzed using structural equation modeling with Smartpls software. This research generally describes the factors that can improve customer decisions in opening savings at Islamic banks, such as motivation, promotion, and religiosity. These three factors in this study proved that only direct motivation could improve customer decisions. The result means that the other two factors need a mediating variable in the form of customer trust in Islamic banks regarding the safety of money stored and guarantees free from usury. These findings can be a suggestion for the management of Islamic banks to do promotions more often, meaning that what has been done now is still inferior to conventional banks in promotion.

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Section: Religiosity and Consumer Decisionmentioning

confidence: 99%

Determinant of Consumer Decision on Islamic Banking

Sari

Siswanto

Maksum

et al. 2023

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“…Given the increased globalisation, studies have established the importance of examining CSR in diversified contexts (Gomes, 2019; Abdelzaher et al , 2019; Jadiyappa et al , 2020). Recent studies have also stressed examining CSR in a non-western context (Kamla and Rammal, 2013; Allawattage and Fernando, 2017; Shahid et al , 2022). Evidence suggests that non-western contexts may describe “[…] the possibility of expanding the scope of problems considered and gaining a better understanding of cultural, political and institutional forces at play in developing solutions” (Adams and Larrinaga, 2018, p. 236).…”

Section: Introductionmentioning

confidence: 99%

“…Prior studies have extensively examined the economic and environmental aspects of CSR for examining investors’ decisions (Shahid et al , 2022; Hassan et al , 2022; Zaman et al , 2022). However, these studies have largely ignored social aspects that require extensive examination.…”

Section: Introductionmentioning

confidence: 99%

“…According to the latest survey conducted by the Pakistan Bureau of Statistics (2021), labour in the private sector earns less than the national average monthly wage, given the firm’s self-focused and utilitarian goals. Evidence suggests that exploiting labour rights by underpaying them is a serious violation of firms’ CSR policies (Cohen et al , 2017; Shahid et al , 2022; Gutierrez-Huerter O et al , 2021). However, both the corporate world and academia have paid limited attention to addressing this controversial corporate issue.…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Financial analysts’ personal values, perceived behavioural risk and investment decisions in evaluating CSR

Shahid

Tufail

Ali

et al. 2023

IMEFM

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Purpose This paper aims to contribute to the corporate social responsibility (CSR) literature by providing holistic insights into financial analysts’ personal values, perceived behavioural risk and investment decisions relating to the social aspects of CSR. Specifically, this paper examines whether analysts’ personal values, such as religiosity, spirituality and social consciousness, influence their investment decisions relating to a highly profitable firm that is alleged of exploiting labour rights. This study also examines the mediating role of analysts’ perceived behavioural risk between personal values and investment decisions. Design/methodology/approach Data were collected, using a scenario-based survey, from 145 financial analysts at both public and private companies in Pakistan. Findings The results show that analysts’ values, including religiosity, spirituality and social consciousness, have a significant negative impact on their investment decisions. The results also demonstrate that perceived behavioural risk mediates the relationship between these values and investment decisions. Practical implications This study has implications for the globalised business world, regulators and researchers for incorporating personal and ethical values into risk and investment decision-making. Originality/value This study establishes the importance of analysts’ personal values in risky investment decision-making.

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