Matches in SemOpenAlex for { <https://semopenalex.org/work/W3120447687> ?p ?o ?g. }
- W3120447687 endingPage "481" @default.
- W3120447687 startingPage "463" @default.
- W3120447687 abstract "Purpose The purpose of this paper is to examine the operating performance of Dow Jones Islamic Index (DJII) firms vs non-DJII firms. It also explores the impact of the 2007–2008 financial crisis on the operating performance of firms included under DJII relative to a comparable set of firms (i.e. industry-size matched) that are not included in the DJII. Design/methodology/approach The final sample consisted of 1,128 unique firms (or 5,669 observations) in the DJII sample and 9,501 unique firms (or 55,889 observations) in the non-DJII sample. The paper uses a unique dataset from S&P’s Compustat North America database during the period of 2005–2014. This study uses univariate tests complemented with multivariate regression analysis to gain further insight into the influence of Shariah compliance on the operating performance of firms during the crisis. Findings The paper shows that DJII firms were more profitable than non-DJII firms during the sample period. In addition, DJJI firms’ profitability was not affected as much during the financial crisis as non-DJII firms. This finding is robust to various model specifications and to alternative definitions of operating profitability. Research limitations/implications Corporate governance and managerial characteristics and the possible effects of these on operational performance are not considered herein. Practical implications Investors and fund managers could benefit from investing in Islamicly permissible equity funds when constructing investment portfolios in regard to asset allocation and policy responses to financial crises. Originality/value The present paper uses a unique sample and timeframe to show that the characteristics that makes a firm Shariah-compliant also leads to much higher operating profitability and reduces the impact of the financial crisis on firm profitability." @default.
- W3120447687 created "2021-01-18" @default.
- W3120447687 creator A5018819915 @default.
- W3120447687 creator A5024493484 @default.
- W3120447687 creator A5069197636 @default.
- W3120447687 date "2021-01-11" @default.
- W3120447687 modified "2023-10-16" @default.
- W3120447687 title "Dow Jones Islamic Index firms: how profitable are they?" @default.
- W3120447687 cites W1899653377 @default.
- W3120447687 cites W1972555808 @default.
- W3120447687 cites W1985278115 @default.
- W3120447687 cites W1993641838 @default.
- W3120447687 cites W2000316191 @default.
- W3120447687 cites W2024119477 @default.
- W3120447687 cites W2029629032 @default.
- W3120447687 cites W2062572522 @default.
- W3120447687 cites W2071170542 @default.
- W3120447687 cites W2075605684 @default.
- W3120447687 cites W2112352537 @default.
- W3120447687 cites W2118097136 @default.
- W3120447687 cites W2150964652 @default.
- W3120447687 cites W2156788964 @default.
- W3120447687 cites W2175616837 @default.
- W3120447687 cites W2211860530 @default.
- W3120447687 cites W2288869391 @default.
- W3120447687 cites W2540217656 @default.
- W3120447687 cites W2789862417 @default.
- W3120447687 cites W2995877697 @default.
- W3120447687 cites W3035664729 @default.
- W3120447687 cites W3122780580 @default.
- W3120447687 cites W3125036249 @default.
- W3120447687 doi "https://doi.org/10.1108/imefm-09-2019-0379" @default.
- W3120447687 hasPublicationYear "2021" @default.
- W3120447687 type Work @default.
- W3120447687 sameAs 3120447687 @default.
- W3120447687 citedByCount "1" @default.
- W3120447687 countsByYear W31204476872022 @default.
- W3120447687 crossrefType "journal-article" @default.
- W3120447687 hasAuthorship W3120447687A5018819915 @default.
- W3120447687 hasAuthorship W3120447687A5024493484 @default.
- W3120447687 hasAuthorship W3120447687A5069197636 @default.
- W3120447687 hasConcept C10138342 @default.
- W3120447687 hasConcept C105795698 @default.
- W3120447687 hasConcept C11012388 @default.
- W3120447687 hasConcept C119857082 @default.
- W3120447687 hasConcept C121955636 @default.
- W3120447687 hasConcept C129361004 @default.
- W3120447687 hasConcept C136764020 @default.
- W3120447687 hasConcept C139719470 @default.
- W3120447687 hasConcept C144133560 @default.
- W3120447687 hasConcept C161584116 @default.
- W3120447687 hasConcept C162324750 @default.
- W3120447687 hasConcept C17744445 @default.
- W3120447687 hasConcept C185592680 @default.
- W3120447687 hasConcept C185669311 @default.
- W3120447687 hasConcept C198531522 @default.
- W3120447687 hasConcept C199163554 @default.
- W3120447687 hasConcept C199539241 @default.
- W3120447687 hasConcept C199728807 @default.
- W3120447687 hasConcept C2776291640 @default.
- W3120447687 hasConcept C2776950860 @default.
- W3120447687 hasConcept C2777382242 @default.
- W3120447687 hasConcept C2778300220 @default.
- W3120447687 hasConcept C33923547 @default.
- W3120447687 hasConcept C39389867 @default.
- W3120447687 hasConcept C41008148 @default.
- W3120447687 hasConcept C43617362 @default.
- W3120447687 hasConceptScore W3120447687C10138342 @default.
- W3120447687 hasConceptScore W3120447687C105795698 @default.
- W3120447687 hasConceptScore W3120447687C11012388 @default.
- W3120447687 hasConceptScore W3120447687C119857082 @default.
- W3120447687 hasConceptScore W3120447687C121955636 @default.
- W3120447687 hasConceptScore W3120447687C129361004 @default.
- W3120447687 hasConceptScore W3120447687C136764020 @default.
- W3120447687 hasConceptScore W3120447687C139719470 @default.
- W3120447687 hasConceptScore W3120447687C144133560 @default.
- W3120447687 hasConceptScore W3120447687C161584116 @default.
- W3120447687 hasConceptScore W3120447687C162324750 @default.
- W3120447687 hasConceptScore W3120447687C17744445 @default.
- W3120447687 hasConceptScore W3120447687C185592680 @default.
- W3120447687 hasConceptScore W3120447687C185669311 @default.
- W3120447687 hasConceptScore W3120447687C198531522 @default.
- W3120447687 hasConceptScore W3120447687C199163554 @default.
- W3120447687 hasConceptScore W3120447687C199539241 @default.
- W3120447687 hasConceptScore W3120447687C199728807 @default.
- W3120447687 hasConceptScore W3120447687C2776291640 @default.
- W3120447687 hasConceptScore W3120447687C2776950860 @default.
- W3120447687 hasConceptScore W3120447687C2777382242 @default.
- W3120447687 hasConceptScore W3120447687C2778300220 @default.
- W3120447687 hasConceptScore W3120447687C33923547 @default.
- W3120447687 hasConceptScore W3120447687C39389867 @default.
- W3120447687 hasConceptScore W3120447687C41008148 @default.
- W3120447687 hasConceptScore W3120447687C43617362 @default.
- W3120447687 hasIssue "3" @default.
- W3120447687 hasLocation W31204476871 @default.
- W3120447687 hasOpenAccess W3120447687 @default.
- W3120447687 hasPrimaryLocation W31204476871 @default.
- W3120447687 hasRelatedWork W2041415459 @default.