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The Determinants of Corporate Social Responsibility and Risk Taking in Islamic Banks: International Evidence / MUATH BINHOWAIMEL

Swansea University Author: MUATH BINHOWAIMEL

  • E-Thesis – open access under embargo until: 30th June 2027

DOI (Published version): 10.23889/SUthesis.60407

Abstract

This study examines the effect of the Islamic Banks’ (IBs) financial performance on Corporate Social Responsibility (CSR) by analyzing the CSR activities in a comprehensive sample of 133 IBs across 35 countries. The CSR disclosure index shows that IBs engage across a range of social activities, both...

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Published: Swansea 2022
Institution: Swansea University
Degree level: Doctoral
Degree name: Ph.D
Supervisor: Boubaker, Sabri ; Elmagrhi, Mohamed
URI: https://cronfa.swan.ac.uk/Record/cronfa60407
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However, IBs seem to show more commitment to the Sharia, Human Rights, and Social components, whilst the least attention is paid to the Environment component. IBs also show a considerable awareness of the Voluntary and Mandatory activities recommendations by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI); however, the IBs pay higher attention to voluntary CSR activities. The study results find an evident emphasis on the IBs&#x2019; strategy towards more practice, suggesting that the good management and slack resources and stakeholder theories apply to these banks, along with the agency theory, which is reinforced by more activities and through disclosure to the wider stakeholder community. The empirical analysis highlights a positive association between CSR activities and financial performance. The second theme considered by this study is the link between CSR and State Ownership (SOE). The empirical evidence shows that state-owned banks are positively associated with CSR based on the soft budget constraint, stakeholder, agency, and legitimacy theories. Also, the higher independence levels of state ownership find significant positive relationships with CSR. The result also attributes the impact of publicly traded and privately owned IBs on outcomes. The study finds that publicly traded and privately owned IBs have a significant positive relationship with CSR. The results of tests on the independence levels of state ownership buttress the assertion that these effects reflect differently for the publicly traded and privately owned IBs. The higher degree of state ownership independence in privately owned banks reflects higher CSR than the publicly traded IBs. In addition, country-level institutions affect the state ownership-CSR intensity relation. This study also examines risk-taking by publicly traded and privately owned banks in an Islamic banking sector employing a diversified international sample of countries. This part of the thesis investigates the risk and stability features using the credit risk and Z-score as the insolvency proxy. The study finds that publicly traded banks engage in more risky activities than their privately owned peers. The study further investigates whether the bank&#x2019;s size impacts bank risk-taking; small IBs appear less risk-taking across different countries. Also, the study analyses the link between ownership structure and risk in privately owned and publicly traded banks, finding that ownership structure is significant in explaining risk differences but mainly for publicly traded banks. State ownership shows that it is not a determinant in taking risk differences. On the other hand, institutional investors are more likely to engage in risky activities when they hold higher stakes. The study also finds that publicly traded banks are likely to exhibit more risk-taking than their privately owned counterparts in diverse institutional and legal traditions.</abstract><type>E-Thesis</type><journal/><volume/><journalNumber/><paginationStart/><paginationEnd/><publisher/><placeOfPublication>Swansea</placeOfPublication><isbnPrint/><isbnElectronic/><issnPrint/><issnElectronic/><keywords/><publishedDay>30</publishedDay><publishedMonth>6</publishedMonth><publishedYear>2022</publishedYear><publishedDate>2022-06-30</publishedDate><doi>10.23889/SUthesis.60407</doi><url/><notes/><college>COLLEGE NANME</college><CollegeCode>COLLEGE CODE</CollegeCode><institution>Swansea University</institution><supervisor>Boubaker, Sabri ; Elmagrhi, Mohamed</supervisor><degreelevel>Doctoral</degreelevel><degreename>Ph.D</degreename><degreesponsorsfunders>Kingdom of Saudi Arabian government through the Ministry of Higher Education</degreesponsorsfunders><apcterm/><lastEdited>2022-07-07T18:36:15.5482708</lastEdited><Created>2022-07-07T18:19:10.2964173</Created><path><level id="1">Faculty of Humanities and Social Sciences</level><level id="2">School of Management - Accounting and Finance</level></path><authors><author><firstname>MUATH</firstname><surname>BINHOWAIMEL</surname><order>1</order></author></authors><documents><document><filename>Under embargo</filename><originalFilename>Under embargo</originalFilename><uploaded>2022-07-07T18:28:53.7656788</uploaded><type>Output</type><contentLength>4044914</contentLength><contentType>application/pdf</contentType><version>E-Thesis &#x2013; open access</version><cronfaStatus>true</cronfaStatus><embargoDate>2027-06-30T00:00:00.0000000</embargoDate><documentNotes>Copyright: The author, Muath M. Binhowaimel, 2022. This thesis is released under the terms of a Creative Commons Attribution License (CC-BY). Third party content is excluded for use under the license terms.</documentNotes><copyrightCorrect>true</copyrightCorrect><language>eng</language><licence>https://creativecommons.org/licenses/by/4.0/</licence></document></documents><OutputDurs/></rfc1807>
spelling 2022-07-07T18:36:15.5482708 v2 60407 2022-07-07 The Determinants of Corporate Social Responsibility and Risk Taking in Islamic Banks: International Evidence c7c8adfb60dc7e5de76a5f202d0828ea MUATH BINHOWAIMEL MUATH BINHOWAIMEL true false 2022-07-07 This study examines the effect of the Islamic Banks’ (IBs) financial performance on Corporate Social Responsibility (CSR) by analyzing the CSR activities in a comprehensive sample of 133 IBs across 35 countries. The CSR disclosure index shows that IBs engage across a range of social activities, both as individual banks and as countries. However, IBs seem to show more commitment to the Sharia, Human Rights, and Social components, whilst the least attention is paid to the Environment component. IBs also show a considerable awareness of the Voluntary and Mandatory activities recommendations by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI); however, the IBs pay higher attention to voluntary CSR activities. The study results find an evident emphasis on the IBs’ strategy towards more practice, suggesting that the good management and slack resources and stakeholder theories apply to these banks, along with the agency theory, which is reinforced by more activities and through disclosure to the wider stakeholder community. The empirical analysis highlights a positive association between CSR activities and financial performance. The second theme considered by this study is the link between CSR and State Ownership (SOE). The empirical evidence shows that state-owned banks are positively associated with CSR based on the soft budget constraint, stakeholder, agency, and legitimacy theories. Also, the higher independence levels of state ownership find significant positive relationships with CSR. The result also attributes the impact of publicly traded and privately owned IBs on outcomes. The study finds that publicly traded and privately owned IBs have a significant positive relationship with CSR. The results of tests on the independence levels of state ownership buttress the assertion that these effects reflect differently for the publicly traded and privately owned IBs. The higher degree of state ownership independence in privately owned banks reflects higher CSR than the publicly traded IBs. In addition, country-level institutions affect the state ownership-CSR intensity relation. This study also examines risk-taking by publicly traded and privately owned banks in an Islamic banking sector employing a diversified international sample of countries. This part of the thesis investigates the risk and stability features using the credit risk and Z-score as the insolvency proxy. The study finds that publicly traded banks engage in more risky activities than their privately owned peers. The study further investigates whether the bank’s size impacts bank risk-taking; small IBs appear less risk-taking across different countries. Also, the study analyses the link between ownership structure and risk in privately owned and publicly traded banks, finding that ownership structure is significant in explaining risk differences but mainly for publicly traded banks. State ownership shows that it is not a determinant in taking risk differences. On the other hand, institutional investors are more likely to engage in risky activities when they hold higher stakes. The study also finds that publicly traded banks are likely to exhibit more risk-taking than their privately owned counterparts in diverse institutional and legal traditions. E-Thesis Swansea 30 6 2022 2022-06-30 10.23889/SUthesis.60407 COLLEGE NANME COLLEGE CODE Swansea University Boubaker, Sabri ; Elmagrhi, Mohamed Doctoral Ph.D Kingdom of Saudi Arabian government through the Ministry of Higher Education 2022-07-07T18:36:15.5482708 2022-07-07T18:19:10.2964173 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance MUATH BINHOWAIMEL 1 Under embargo Under embargo 2022-07-07T18:28:53.7656788 Output 4044914 application/pdf E-Thesis – open access true 2027-06-30T00:00:00.0000000 Copyright: The author, Muath M. Binhowaimel, 2022. This thesis is released under the terms of a Creative Commons Attribution License (CC-BY). Third party content is excluded for use under the license terms. true eng https://creativecommons.org/licenses/by/4.0/
title The Determinants of Corporate Social Responsibility and Risk Taking in Islamic Banks: International Evidence
spellingShingle The Determinants of Corporate Social Responsibility and Risk Taking in Islamic Banks: International Evidence
MUATH BINHOWAIMEL
title_short The Determinants of Corporate Social Responsibility and Risk Taking in Islamic Banks: International Evidence
title_full The Determinants of Corporate Social Responsibility and Risk Taking in Islamic Banks: International Evidence
title_fullStr The Determinants of Corporate Social Responsibility and Risk Taking in Islamic Banks: International Evidence
title_full_unstemmed The Determinants of Corporate Social Responsibility and Risk Taking in Islamic Banks: International Evidence
title_sort The Determinants of Corporate Social Responsibility and Risk Taking in Islamic Banks: International Evidence
author_id_str_mv c7c8adfb60dc7e5de76a5f202d0828ea
author_id_fullname_str_mv c7c8adfb60dc7e5de76a5f202d0828ea_***_MUATH BINHOWAIMEL
author MUATH BINHOWAIMEL
author2 MUATH BINHOWAIMEL
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institution Swansea University
doi_str_mv 10.23889/SUthesis.60407
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
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description This study examines the effect of the Islamic Banks’ (IBs) financial performance on Corporate Social Responsibility (CSR) by analyzing the CSR activities in a comprehensive sample of 133 IBs across 35 countries. The CSR disclosure index shows that IBs engage across a range of social activities, both as individual banks and as countries. However, IBs seem to show more commitment to the Sharia, Human Rights, and Social components, whilst the least attention is paid to the Environment component. IBs also show a considerable awareness of the Voluntary and Mandatory activities recommendations by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI); however, the IBs pay higher attention to voluntary CSR activities. The study results find an evident emphasis on the IBs’ strategy towards more practice, suggesting that the good management and slack resources and stakeholder theories apply to these banks, along with the agency theory, which is reinforced by more activities and through disclosure to the wider stakeholder community. The empirical analysis highlights a positive association between CSR activities and financial performance. The second theme considered by this study is the link between CSR and State Ownership (SOE). The empirical evidence shows that state-owned banks are positively associated with CSR based on the soft budget constraint, stakeholder, agency, and legitimacy theories. Also, the higher independence levels of state ownership find significant positive relationships with CSR. The result also attributes the impact of publicly traded and privately owned IBs on outcomes. The study finds that publicly traded and privately owned IBs have a significant positive relationship with CSR. The results of tests on the independence levels of state ownership buttress the assertion that these effects reflect differently for the publicly traded and privately owned IBs. The higher degree of state ownership independence in privately owned banks reflects higher CSR than the publicly traded IBs. In addition, country-level institutions affect the state ownership-CSR intensity relation. This study also examines risk-taking by publicly traded and privately owned banks in an Islamic banking sector employing a diversified international sample of countries. This part of the thesis investigates the risk and stability features using the credit risk and Z-score as the insolvency proxy. The study finds that publicly traded banks engage in more risky activities than their privately owned peers. The study further investigates whether the bank’s size impacts bank risk-taking; small IBs appear less risk-taking across different countries. Also, the study analyses the link between ownership structure and risk in privately owned and publicly traded banks, finding that ownership structure is significant in explaining risk differences but mainly for publicly traded banks. State ownership shows that it is not a determinant in taking risk differences. On the other hand, institutional investors are more likely to engage in risky activities when they hold higher stakes. The study also finds that publicly traded banks are likely to exhibit more risk-taking than their privately owned counterparts in diverse institutional and legal traditions.
published_date 2022-06-30T04:18:29Z
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score 11.037581

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