Religiosity and Corporate Risk-taking

Cheong, Calvin W. H.

doi:10.5296/ajfa.v10i2.13749

Cited by 6 publications

(9 citation statements)

References 53 publications

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“…This study found evidence that age had no effect on risk-taking. The results of this study do not support research conducted by [5], [7]. Research [5] shows that age has a negative influence on investment risk-taking.…”

Section: B) Effect Of Age Variable On Investment Risk-takingcontrasting

confidence: 97%

“…The results showed that companies headquartered in areas with a high level of religiosity would have a risk of low share price collisions. [5] examined the relationship between religion and corporate risk-taking. The researcher uses micro-level data that distinguishes between managerial religiosity, firm intrinsic religiosity, corporate extrinsic religiosity, and social capital.…”

Section: Literature Review 21 Religiosity and Investment Risk Takingmentioning

confidence: 99%

“…The results of research on the effect of manager age on risk-taking are still inconsistent. [5] proved that the age of managers had a significant negative effect on debt risk-taking, research, development, and advertising. The effect of the manager's age on investment risk-taking on fixed assets shows a significant positive number.…”

Section: Hypothesis 1: Religiosity Influences Investment Risk-taking mentioning

confidence: 99%

“…Several studies have shown that social demographic factors influence investment risk-taking. [5], [7] found evidence of age influence on corporate risk-taking. Research [7] also found evidence of gender would influence investment risk-taking.…”

Section: Introductionmentioning

confidence: 98%

“…The level of religiosity will negatively affect investment risk-taking. Several studies have proven this, namely research by [4], [5], [1], [6]. Research on the relationship between religious levels and risk-taking is mostly done in banks or large companies.…”

Section: Introductionmentioning

confidence: 99%

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Religiosity And Investment Risk Taking

Purwidianti¹,

Darmawan²,

Mujirahayu³

2020

Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwoker

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The research aims to examine the effect of religiosity and demographic factors on investment risk-taking. The demographic factors studied were age, gender, and level of education. This research sample is the owner of SMEs in the Banyumas district, Indonesia. Respondents in this study are 77 Muslim SME owners. The results showed that religiosity and education level had a positive influence on investment risktaking. Age and gender do not influence investment risk-taking. This study will contribute to SME owners, namely the importance of incorporating elements of religion in running their business. This research also contributes to policymakers in developing SMEs in Banyumas Regency, Indonesia.

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Section: B) Effect Of Age Variable On Investment Risk-takingcontrasting

confidence: 97%

Section: Literature Review 21 Religiosity and Investment Risk Takingmentioning

confidence: 99%

Section: Hypothesis 1: Religiosity Influences Investment Risk-taking mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 98%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Religiosity And Investment Risk Taking

Purwidianti¹,

Darmawan²,

Mujirahayu³

2020

Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwoker

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Does provincial gambling culture affect corporate innovation? Evidence from China

Hao,

Lu,

Zhang

et al. 2024

Journal of Economic Behavior & Organization

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Political regimes and its influence on the diversity–performance relationship in Malaysia

Cheong

2022

APJBA

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PurposeThe purpose of this study is to investigate the gender and ethnic diversity–performance relationship in Malaysia from two angles: (1) the impact of political regimes; and (2) a possible nonlinear relationship – at the boardroom and employee level.Design/methodology/approachThis study uses a sample of firms listed in Bursa Malaysia during a sample period that spans two political regimes. Two-stage least squares controlling for firm-specific effects, corporate governance and lagged variables to account for endogeneity issues is used to test the relationship.FindingsFindings show that the political alignment of the ruling government affects the significance of the gender/ethnic diversity–performance relationship. The relationship between board gender/ethnic diversity and firm performance is curvilinear while the relationship between employee gender/ethnic diversity is linear and positive.Research limitations/implicationsFirst, promoting gender/ethnic diversity not only requires strong policy but also political will to lead by example. Political regimes that provide lip-service without effective implementation threaten to derail any efforts in furthering the diversity agenda. Second, the presumption of a linear diversity–performance relationship is fallacious. Further studies, especially in pluralistic societies, must not discount the subtleties of intergroup conflicts. Third, in light of allegations of prejudicial hiring policies, Malaysian firms should embrace diversity, not only in the boardroom, but also among its workforce as employee diversity improves firm performance.Originality/valuePrior studies on gender/ethnic diversity in Malaysia have returned mixed results but thus far, there has been no satisfactory explanation for this phenomenon. This study attributes it to lack of political will and cultural subgroup conflicts – two pertinent issues that were never considered in the literature. Prior studies have also exclusively focused on boardroom diversity. This study goes further by examining employee diversity – particularly important since most empowerment and diversity initiatives are targeted at lower level employees. This study is also the first to provide an objective benchmark for gender diversity (30–35% female directors) and ethnic diversity (less than 40% from one ethnicity) to achieve optimal performance.

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Religiosity and Corporate Risk-taking

Cited by 6 publications

References 53 publications

Religiosity And Investment Risk Taking

Religiosity And Investment Risk Taking

Does provincial gambling culture affect corporate innovation? Evidence from China

Political regimes and its influence on the diversity–performance relationship in Malaysia

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