Testing a model of Islamic corporate financial reports: some experimental evidence

Given the fact that religion stands at the core of some cultures, and that Islam is a significant force influencing the manner in which Muslims conduct their public and private lives, the influence of Islam on accounting may be significant. In line with this, Baydoun and Willett (1994 and 2000) s...

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Main Author:	Sulaiman, Maliah
Other Authors:	Napier, C.
Format:	Article
Language:	English
Published:	KENMS-IIUM Press 2001
Subjects:	HG Finance
Online Access:	http://irep.iium.edu.my/14674/ http://irep.iium.edu.my/14674/1/Maliah%2C_testing_a_model_of_islamic_corporate_financial_reports.pdf

id	iium-14674
recordtype	eprints
spelling	iium-146742012-12-05T10:02:17Z http://irep.iium.edu.my/14674/ Testing a model of Islamic corporate financial reports: some experimental evidence Sulaiman, Maliah HG Finance Given the fact that religion stands at the core of some cultures, and that Islam is a significant force influencing the manner in which Muslims conduct their public and private lives, the influence of Islam on accounting may be significant. In line with this, Baydoun and Willett (1994 and 2000) suggested that the current value balance sheet and the value added statement would meet Islam’s objectives of socio-economic justice and accountability, thus satisfying the needs of Muslim users to a greater extent than would the traditional historical cost balance sheet and the profit and loss statement. Baydoun and Willett’s model of Islamic corporate financial reports was initially tested through a questionnaire survey by Sulaiman (1998) which, surprisingly, found no differences in the perceptions of usefulness between Muslim and non- Muslim respondents. Before dismissing such an important conceptual model for lack of empirical support, an alternative empirical test should be conducted in which greater control for internal validity of data is achieved. To this end, the researcher examined the same issue using a laboratory experiment. The results of the experiment proved to be consistent with Sulaiman (1998). No significant differences in the perception of usefulness of the current value balance sheet and the value-added statement between Muslim and non-Muslim KENMS-IIUM Press Napier, C. Haniffa, Roszaini 2001 Article PeerReviewed application/pdf en http://irep.iium.edu.my/14674/1/Maliah%2C_testing_a_model_of_islamic_corporate_financial_reports.pdf Sulaiman, Maliah (2001) Testing a model of Islamic corporate financial reports: some experimental evidence. IIUM Journal of Economics and Management, 9 (2). pp. 115-139. ISSN 1394-7680
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG Finance
spellingShingle	HG Finance Sulaiman, Maliah Testing a model of Islamic corporate financial reports: some experimental evidence
description	Given the fact that religion stands at the core of some cultures, and that Islam is a significant force influencing the manner in which Muslims conduct their public and private lives, the influence of Islam on accounting may be significant. In line with this, Baydoun and Willett (1994 and 2000) suggested that the current value balance sheet and the value added statement would meet Islam’s objectives of socio-economic justice and accountability, thus satisfying the needs of Muslim users to a greater extent than would the traditional historical cost balance sheet and the profit and loss statement. Baydoun and Willett’s model of Islamic corporate financial reports was initially tested through a questionnaire survey by Sulaiman (1998) which, surprisingly, found no differences in the perceptions of usefulness between Muslim and non- Muslim respondents. Before dismissing such an important conceptual model for lack of empirical support, an alternative empirical test should be conducted in which greater control for internal validity of data is achieved. To this end, the researcher examined the same issue using a laboratory experiment. The results of the experiment proved to be consistent with Sulaiman (1998). No significant differences in the perception of usefulness of the current value balance sheet and the value-added statement between Muslim and non-Muslim
author2	Napier, C.
author_facet	Napier, C. Sulaiman, Maliah
format	Article
author	Sulaiman, Maliah
author_sort	Sulaiman, Maliah
title	Testing a model of Islamic corporate financial reports: some experimental evidence
title_short	Testing a model of Islamic corporate financial reports: some experimental evidence
title_full	Testing a model of Islamic corporate financial reports: some experimental evidence
title_fullStr	Testing a model of Islamic corporate financial reports: some experimental evidence
title_full_unstemmed	Testing a model of Islamic corporate financial reports: some experimental evidence
title_sort	testing a model of islamic corporate financial reports: some experimental evidence
publisher	KENMS-IIUM Press
publishDate	2001
url	http://irep.iium.edu.my/14674/ http://irep.iium.edu.my/14674/1/Maliah%2C_testing_a_model_of_islamic_corporate_financial_reports.pdf
first_indexed	2023-09-18T20:23:51Z
last_indexed	2023-09-18T20:23:51Z
_version_	1777408285134028800

Testing a model of Islamic corporate financial reports: some experimental evidence

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