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Product market fluidity and religious constraints: evidence from the US market

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dc.contributor.authorZaheer Anwer
dc.contributor.authorChoudhary Wajahat Naeem Azmi
dc.contributor.authorAkram Shavkatovich Hasanov
dc.contributor.authorShamsher Mohamad Ramadili Mohd
dc.date.accessioned2022-06-01T10:08:03Z
dc.date.available2022-06-01T10:08:03Z
dc.date.issued2022
dc.description.abstractWe use a sample of 5,863 US firms to investigate how religious constraints affect the product market fluidity for Shariah compliant (SC) firms. The study is important as Islamic asset management is emerging as an alternative investment class. We find that SC firms are less exposed to product market threats in relation to Shariah non-compliant (SNC) firms. They are more competitive in the case of less concentrated markets, lower market share, equity multiplier, market/book assets ratio, experience lower asset growth, and spend little on research and development. Their competitive position is strengthened when their return on assets, sales and retained earnings are lower.en_US
dc.identifier.citationAnwer, Z., Ramadili Mohd, S. M., Naeem Azmi, C. W. & Hasanov, A. S. (2022). Product market fluidity and religious constraints: evidence from the US market. Accounting & Finance, 62 (S1), pp. 1761-1817.en_US
dc.identifier.doihttps://doi.org/10.1111/acfi.12839
dc.identifier.issn0810-5391
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3583
dc.languageEnglish
dc.language.isoengen_US
dc.publisherJohn Wiley & Sons Australia, Ltden_US
dc.rights2021. Accounting and Finance Association of Australia and New Zealand
dc.sourceSEDONA
dc.subjectFluidityen_US
dc.subjectShariah compliant firmsen_US
dc.subjectIslamic financeen_US
dc.subjectTwo stage least square regressionsen_US
dc.subjectUnited Statesen_US
dc.titleProduct market fluidity and religious constraints: evidence from the US marketen_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic financeen_US
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relation.isAuthorOfPublication.latestForDiscovery33b91dde-0170-454c-8f2b-ec4b208837b9
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