Download or read book The Causal Effect of Religious Piety on Shareholder Wealth written by Pandej Chintrakarn and published by . This book was released on 2015 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior research shows that religion promotes honesty. Honesty in turn motivates managers to view an expropriation from shareholders as self-serving, opportunistic, and unethical, thereby alleviating the agency conflict. Religious piety is thus expected to discourage agency-driven acquisitions that reduce shareholder wealth. We exploit the variation in religious piety across U.S. counties (and states) and show that firms located in a more religious environment are indeed less likely to make poor acquisitions, measured by the stock market reactions to the acquisition announcement. To draw a causal inference, we use historical religious piety as far back as 1952 as our instrument. The 2SLS analysis confirms that religious piety induces firms to make better acquisitions. Our analysis based on propensity score matching also corroborates the conclusion.
Download or read book Exploring the Causal Effect of Religious Piety on Dividend Policy written by Pandej Chintrakarn and published by . This book was released on 2018 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory suggests that religious piety is associated with greater risk aversion and more conservative financial policies. Returns to shareholders through dividends are much more certain than returns through capital gains expected to be realized far into the future. We hypothesize that religious piety leads to a higher likelihood of dividend payments. We exploit the variation in religious piety across the U.S. counties and estimate the effect of religion on dividend policy. To draw a causal inference, we use historical religious piety in 1971 as the instrument. Our 2SLS results confirm that religious piety induces firms to pay larger dividends.
Download or read book Prince Pen and Sword Eurasian Perspectives written by Maaike van Berkel and published by BRILL. This book was released on 2018-01-22 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prince, Pen, and Sword offers a synoptic interpretation of rulers and elites in Eurasia from the fourteenth to the eighteenth century. Four core chapters zoom in on the tensions and connections at court, on the nexus between rulers and religious authority, on the status, function, and self-perceptions of military and administrative elites respectively. Two additional concise chapters provide a focused analysis of the construction of specific dynasties (the Golden Horde and the Habsburgs) and narratives of kingship found in fiction throughout Eurasia. The contributors and editors, authorities in their fields, systematically bring together specialised literature on numerous Eurasian kingdoms and empires. This book is a careful and thought-provoking experiment in the global, comparative and connected history of rulers and elites.
Download or read book World History as the History of Foundations 3000 BCE to 1500 CE written by Michael Borgolte and published by BRILL. This book was released on 2019-10-29 with total page 783 pages. Available in PDF, EPUB and Kindle. Book excerpt: In World History as the History of Foundations, 3000 BCE to 1500 CE, Michael Borgolte investigates the origins and development of foundations from Antiquity to the end of the Middle Ages. In his survey foundations emerge not as mere legal institutions, but rather as “total social phenomena” which touch upon manifold aspects, including politics, the economy, art and religion of the cultures in which they emerged. Cross-cultural in its approach and the result of decades of research, this work represents by far the most comprehensive account of the history of foundations that has hitherto been published.
Download or read book Islamic Insurance written by Aly Khorshid and published by Routledge. This book was released on 2004-02-12 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some Muslims believe insurance is unnecessary, as society should help its victims. Muslims can no longer ignore the fact that they live, trade and communicate with open global systems, and they can no longer ignore the need for banking and insurance. Aly Khorshid demonstrates how initial clerical apprehensions were overcome to create pioneering Muslim-friendly banking systems, and applies the lessons learnt to a workable insurance framework by which Muslims can compete with non-Muslims in business and have cover in daily life. The book uses relevant Quranic and Sunnah extracts, and the arguments of pro- and anti-insurance jurists to arrive at its conclusion that Muslims can enjoy the peace of mind and equity of an Islamic insurance scheme.
Download or read book A Capital Solution written by Paola Triolo and published by . This book was released on 2000 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Zeal of Thy House written by Dorothy Leigh Sayers and published by . This book was released on 1937 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The story of William of Sens, the architect commissioned to rebuild the central portion (the choir) of Canterbury Cathedral after the fire of 1174. Over-weeningly proud of this honour and his abilities, just as he places the keystone in place, William plummets to the floor from the high scaffold. Despite months of painful recuperation, William will only relinquish the finishing of his work to others after a visitation from Michael the Archangel.
Download or read book Islam in a Post Secular Society written by Dustin J. Byrd and published by Studies in Critical Social Science. This book was released on 2017-11-14 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Byrd uses Critical Theory to reject the 'clash-of-civilizations' thesis, and compellingly argue for the compatibility of Islam and secularism.
Download or read book Are Economists Basically Immoral written by Paul T. Heyne and published by . This book was released on 2008 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: ""Art Economists Basically Immoral?" and Other Essays on Economics, Ethics, and Religion is a collection of Heyne's essays focused on an issue that preoccupied him throughout his life and which concerns many free-market skeptics - namely, how to reconcile the apparent selfishness of a free-market economy with ethical behavior." "Written with the nonexpert in mind, and in a highly engaging style, these essays will interest students of economics, professional economists with an interest in ethical and theological topics, and Christians who seek to explore economic issues."--BOOK JACKET.
Download or read book Social Capital written by Partha Dasgupta and published by World Bank Publications. This book was released on 2000 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a number of papers presented at a workshop organised by the World Bank in 1997 on the theme of 'Social Capital: Integrating the Economist's and the Sociologist's Perspectives'. The concept of 'social capital' is considered through a number of theoretical and empirical studies which discuss its analytical foundations, as well as institutional and statistical analyses of the concept. It includes the classic 1987 article by the late James Coleman, 'Social Capital in the Creation of Human Capital', which formed the basis for the development of social capital as an organising concept in the social sciences.
Download or read book Sufi Institutions written by Alexandre Papas and published by BRILL. This book was released on 2020-11-30 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume describes the social and practical aspects of Islamic mysticism (Sufism) across centuries and geographical regions. Its authors seek to transcend ethereal, essentialist and “spiritualizing” approaches to Sufism, on the one hand, and purely pragmatic and materialistic explanations of its origins and history, on the other. Covering five topics (Sufism’s economy, social role of Sufis, Sufi spaces, politics, and organization), the volume shows that mystics have been active socio-religious agents who could skillfully adjust to the conditions of their time and place, while also managing to forge an alternative way of living, worshiping and thinking. Basing themselves on the most recent research on Sufi institutions, the contributors to this volume substantially expand our understanding of the vicissitudes of Sufism by paying special attention to its organizational and economic dimensions, as well as complex and often ambivalent relations between Sufis and the societies in which they played a wide variety of important and sometimes critical roles. Contributors are Mehran Afshari, Ismail Fajrie Alatas, Semih Ceyhan, Rachida Chih, Nathalie Clayer, David Cook, Stéphane A. Dudoignon, Daphna Ephrat, Peyvand Firouzeh, Nathan Hofer, Hussain Ahmad Khan, Catherine Mayeur-Jaouen, Richard McGregor, Ahmet Yaşar Ocak, Alexandre Papas, Luca Patrizi, Paulo G. Pinto, Adam Sabra, Mark Sedgwick, Jean-Jacques Thibon, Knut S. Vikør and Neguin Yavari
Download or read book Religion and the Rise of Capitalism written by Richard Henry Tawney and published by . This book was released on 1926 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Islam written by Patricia Sloane-White and published by Cambridge University Press. This book was released on 2017-03-30 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compelling and original, this book offers a unique insight into the modern Islamic corporation, revealing how power, relationships, individual identities, gender roles, and practices - and often massive financial resources - are mobilized on behalf of Islam. Focusing on Muslims in Malaysia, Patricia Sloane-White argues that sharia principles in the region's Islamic economy produce a version of Islam that is increasingly conservative, financially and fiscally powerful, and committed to social control over Muslim and non-Muslim public and private lives. Packed with fascinating details, the book is essential reading for anyone with an interest in Islamic politics and culture in modern life.
Download or read book Social impacts of oil palm in Indonesia written by Tania Murray Li and published by CIFOR. This book was released on 2015-05-07 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil palm plantations and smallholdings are expanding massively in Indonesia. Proponents highlight the potential for job creation and poverty alleviation, but scholars are more cautious, noting that social impacts of oil palm are not well understood. This report draws upon primary research in West Kalimantan to explore the gendered dynamics of oil palm among smallholders and plantation workers. It concludes that the social and economic benefits of oil palm are real, but restricted to particular social groups. Among smallholders in the research area, couples who were able to sustain diverse farming systems and add oil palm to their repertoire benefited more than transmigrants, who had to survive on limited incomes from a 2-ha plot.
Download or read book Monastic Economy Across Time written by Rumen Lûbenov Avramov and published by . This book was released on 2021 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book aims at a readership of both economists and historians. Beyond the well-known Weberian thesis concerning the role of Protestantism in the development of capitalism, monastic economies are studied to assess their impact on the religious patterns of economic behavior. Those issues are discussed in the frame of key economic concepts such as rationality, state intervention, networking, agency, and governance. The book includes essays concerning Byzantine, Ottoman and modern South-Eastern Europe, and early modern Western Europe. Survival and continuity of the monastic wealth is considered as an example of successful handling of real estate transactions, flows of funds, and contacts with financial institutions. Moreover, the book focuses on the economic impact of the privileged relations of monasticism with the secular powers. Finally, the question is raised how the monastic economy (still) matters in the contemporary world.
Download or read book Prominent Families of New York written by Lyman Horace Weeks and published by . This book was released on 1898 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Power written by Jacques Ellul and published by . This book was released on 1986 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
