1,720,955 research outputs found
Corporate Governance and Risk Management in Islamic Banking: Integrating Western Principles with Islamic Finance
Full text linkThe dynamic landscape of global finance has witnessed the growth of Islamic banking, which is characterized by its unique adherence to Shari’ah principles and ethical underpinnings. This thesis critically examines the evolving corporate governance (CG) landscape within Islamic banking, focusing on the integration of Western governance frameworks with the ethical foundations of Shari’ah compliance. Through a comparative analysis of CG codes across diverse jurisdictions, including the United Kingdom, Germany, Saudi Arabia, and Malaysia, the research develops a global governance framework that harmonizes profit maximization with the ethical mandates of Islamic finance. By synthesizing Western governance principles—primarily agency theory and shareholder wealth maximization—with the stakeholder-centric model inherent in Islamic finance, this research proposes a governance paradigm that enhances both operational efficiency and ethical responsibility in Islamic banks.
The research is underpinned by a pragmatic and hermeneutic philosophical framework, acknowledging the complexities of governance across diverse cultural and regulatory environments. A mixed-methods approach—incorporating both qualitative and quantitative methodologies—offers a holistic analysis of corporate governance structures within Islamic financial institutions. The study is theoretically anchored in agency theory, stakeholder theory, and stewardship theory, which collectively provide insights into the balance between shareholder value maximization and broader ethical obligations in financial institutions.
Adopting an integrated thesis approach, this research comprises three peer-reviewed paper- style chapters, two of which have already been published. Each chapter addresses interrelated aspects of CG and risk management in Islamic banking. The findings provide critical insights into the sector’s growth trajectory, the comparative effectiveness of governance structures, and the operational intricacies of Islamic banks. The study highlights the evolving interplay between Western governance frameworks and Shari'ah-compliant financial models, emphasizing the significance of Shari’ah supervisory boards as a distinctive governance feature of Islamic banking.
A core focus of this research is the role of corporate boards in shaping risk management strategies, specifically examining the impact of integrating Western CG elements on Shari’ah compliance in Gulf Cooperation Council (GCC) Islamic banks. The study evaluates key governance mechanisms such as board independence, risk oversight, and the function of Shari’ah boards, assessing their implications for financial stability and compliance. A quantitative analysis employing Z-score methodology demonstrates that incorporating Western governance practices—alongside Islamic ethical tenets—can enhance financial stability while maintaining Shari’ah compliance.
Ultimately, this thesis advocates for a hybrid corporate governance model that synthesizes Western CG frameworks with Islamic governance principles, offering a robust governance structure tailored to the unique ethical and financial imperatives of Islamic banking. This study provides practical recommendations for policymakers, regulators, and banking professionals, contributing to the global discourse on corporate governance and risk management. By proposing a governance model that aligns financial stability with ethical integrity, this research lays a foundation for future policy developments in the Islamic finance sector
Corporate governance and risk management: An evaluation of board responsibilities in western and Islamic banks
Full text linkThis research aims to explore the role of the board in corporate governance (CG) and risk management within the context of Islamic banking. Given the global reach of financial institutions, it is important to compare and evaluate the unique position of Shari’ah committees or Shari’ah Supervisory Board (SSB) in addressing the unique risks of Islamic banks. Using a comparative analysis, this study evaluated risk management guidelines in the CG codes of the United Kingdom, Germany, Saudi Arabia, and Malaysia. It found that board were ultimately responsible for risk management, regardless of the governance structure, and Shari’ah-related risks fell under the board’s purview. An innovative blend of Western CG frameworks and Islamic principles enhanced governance robustness through the strategic collaboration between board and SSBs
Best practice in bank corporate governance: The case of Islamic banks
Full text linkIslamic banks are growing rapidly with annual growth rates of 17.6% between 2009 to 2013 and 19.7% from 2014 to date. This level of growth is projected to continue into the future. Islamic banks now operate in more than 75 countries with a value of approximately $920 trillion of bank assets. Islamic banks are increasingly being seen as good long-term value propositions and are serving both Muslim and non-Muslim customers across international markets. Despite the rapid growth in Islamic finance, the underpinning corporate governance rules and regulations are at an embryonic stage of development with little attention having been paid to them. The purpose of this paper is to help fill that gap by exploring a conceptual model of corporate governance for Islamic banks based on both Islamic finance principles while fused with elements of corporate governance standards from Western theories and codes, primarily the UK, and thereby ensure that good governance is in place in Islamic banks. The paper links the predominant corporate governance theories of Principal/Agent, Stakeholder and Stewardship with practice based corporate governance codes and explores the potential of applying stewardship theory to Islamic banks. Islamic principles emphasis is on real assets rather than debt as is the case in Western Banks and as a consequence this paper offers the conclusion that the more prudent approach to banking used by Islamic banks could be used as a model for Western banks and thereby deliver a more sustainable future and maintain confidence in banks and substitute for the need for taxpayer support, such as the guaranteed deposit scheme, which acts as a backstop under the Western approach
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Full text linkWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Full text linkWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
koamabayili/VECTRON-author-checklist: VECTRON author checklist
No full textWe have done our best to complete the author checklist relating to the use of animals in the hut study. Note that the objective for the hut study was to evaluate the IRS treatment applications for residual efficacy against Anopheles mosquitoes, including the local An. coluzzii mosquito population. Cows were only used to attract mosquitoes into the huts and no tests were carried out directly on the cows. The author checklist is intended for use with studies where experiments are carried out on animals, which is why we have had such difficulty in completing this for the hut study, as many of the questions do not relate to how the cows were used
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