Agency theory, stewardship theory and stakeholder theory: an Islamic perspective

Recent events have placed an emphasis on the need for effective corporate governance. Corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious inadequacies in the quality of corporate governan...

Full description

Bibliographic Details
Main Authors:	Htay, Sheila Nu Nu, Syed, Ahmed Salman
Format:	Article
Language:	English
Published:	IJMRA 2013
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/32027/ http://irep.iium.edu.my/32027/ http://irep.iium.edu.my/32027/1/AGENCY_THEORY%2C_STEWARDSHIP_THEORYAND_STAKEHOLDER_THEORY.pdf

id	iium-32027
recordtype	eprints
spelling	iium-320272014-04-23T02:53:39Z http://irep.iium.edu.my/32027/ Agency theory, stewardship theory and stakeholder theory: an Islamic perspective Htay, Sheila Nu Nu Syed, Ahmed Salman HG1501 Banking Recent events have placed an emphasis on the need for effective corporate governance. Corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious inadequacies in the quality of corporate governance at an international level. Existing standards are lack in providing the necessary guidelines for checks and balances that corporations need to cultivate sound business practices. There are various conventional theories, namely the agency theory, stewardship theory and stakeholder theory articulated throughout time in determining the most effective system of corporate governance. Many developed and developing countries as well as organizations have laid down the Best Practices for Corporate Governance based on the prevailing corporate governance theories. To the extent of the researchers’ knowledge, corporate governance problems become more serious day by day even at the existence of the tight rules and regulation of corporate governance. Therefore, these governance problems motivate the researchers to examine the foundation of the corporate governance guidelines, i.e. corporate governance theories from the unconventional and non-mainstream aspect. The objective of this paper is to examine agency theory, stewardship theory and stakeholder theory from an Islamic Perspective. IJMRA 2013-09 Article PeerReviewed application/pdf en http://irep.iium.edu.my/32027/1/AGENCY_THEORY%2C_STEWARDSHIP_THEORYAND_STAKEHOLDER_THEORY.pdf Htay, Sheila Nu Nu and Syed, Ahmed Salman (2013) Agency theory, stewardship theory and stakeholder theory: an Islamic perspective. International Journal of Physical and Social Sciences, 3 (9). pp. 319-332. ISSN 2249-5894 http://www.ijmra.us/past_issue_ijpss.php
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Htay, Sheila Nu Nu Syed, Ahmed Salman Agency theory, stewardship theory and stakeholder theory: an Islamic perspective
description	Recent events have placed an emphasis on the need for effective corporate governance. Corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious inadequacies in the quality of corporate governance at an international level. Existing standards are lack in providing the necessary guidelines for checks and balances that corporations need to cultivate sound business practices. There are various conventional theories, namely the agency theory, stewardship theory and stakeholder theory articulated throughout time in determining the most effective system of corporate governance. Many developed and developing countries as well as organizations have laid down the Best Practices for Corporate Governance based on the prevailing corporate governance theories. To the extent of the researchers’ knowledge, corporate governance problems become more serious day by day even at the existence of the tight rules and regulation of corporate governance. Therefore, these governance problems motivate the researchers to examine the foundation of the corporate governance guidelines, i.e. corporate governance theories from the unconventional and non-mainstream aspect. The objective of this paper is to examine agency theory, stewardship theory and stakeholder theory from an Islamic Perspective.
format	Article
author	Htay, Sheila Nu Nu Syed, Ahmed Salman
author_facet	Htay, Sheila Nu Nu Syed, Ahmed Salman
author_sort	Htay, Sheila Nu Nu
title	Agency theory, stewardship theory and stakeholder theory: an Islamic perspective
title_short	Agency theory, stewardship theory and stakeholder theory: an Islamic perspective
title_full	Agency theory, stewardship theory and stakeholder theory: an Islamic perspective
title_fullStr	Agency theory, stewardship theory and stakeholder theory: an Islamic perspective
title_full_unstemmed	Agency theory, stewardship theory and stakeholder theory: an Islamic perspective
title_sort	agency theory, stewardship theory and stakeholder theory: an islamic perspective
publisher	IJMRA
publishDate	2013
url	http://irep.iium.edu.my/32027/ http://irep.iium.edu.my/32027/ http://irep.iium.edu.my/32027/1/AGENCY_THEORY%2C_STEWARDSHIP_THEORYAND_STAKEHOLDER_THEORY.pdf
first_indexed	2023-09-18T20:46:12Z
last_indexed	2023-09-18T20:46:12Z
_version_	1777409691903590400

Agency theory, stewardship theory and stakeholder theory: an Islamic perspective

Similar Items