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Western Financial Agents and Islamic Ethics

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Western Financial Agents and Islamic Ethics. / Fang, E.S.; Foucart, R.

In: Journal of Business Ethics, Vol. 123, No. 3, 01.09.2014, p. 475-491.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Harvard

Fang, ES & Foucart, R 2014, 'Western Financial Agents and Islamic Ethics', Journal of Business Ethics, vol. 123, no. 3, pp. 475-491. https://doi.org/10.1007/s10551-013-1850-8

APA

Fang, E. S., & Foucart, R. (2014). Western Financial Agents and Islamic Ethics. Journal of Business Ethics, 123(3), 475-491. https://doi.org/10.1007/s10551-013-1850-8

Vancouver

Fang ES, Foucart R. Western Financial Agents and Islamic Ethics. Journal of Business Ethics. 2014 Sep 1;123(3):475-491. https://doi.org/10.1007/s10551-013-1850-8

Author

Fang, E.S. ; Foucart, R. / Western Financial Agents and Islamic Ethics. In: Journal of Business Ethics. 2014 ; Vol. 123, No. 3. pp. 475-491.

Bibtex

@article{496ac84f6e2a4777b311946c4c85049f,
title = "Western Financial Agents and Islamic Ethics",
abstract = "This paper investigates Western professional bankers{\textquoteright} perceptions of Islamic finance. Exploiting data from an original survey, we carry out a principal component analysis (PCA) to characterize the main dimensions on which financial agents diverge. The PCA extracts five dimensions—accounting for 61 % of the variance in the agents{\textquoteright} answers—that we interpret with the help of a pilot field survey. In addition to confirm the increased association of Islamic financial values with ethical practices in the West, our results allow us to understand how the observed growth of the industry has been conceptualized by conventional agents. The five dimensions identified shed light on the multitude of constructs that have informed the diffusion of Islamic financial ideas to international markets. This supports the fact that Islamic finance cannot be seen as a single movement but is characterized by opposing and concurrent logics in global markets. {\textcopyright} 2013, Springer Science+Business Media Dordrecht.",
keywords = "Business ethics, Global finance, Islamic finance, Principal component analysis, Social psychology",
author = "E.S. Fang and R. Foucart",
year = "2014",
month = sep,
day = "1",
doi = "10.1007/s10551-013-1850-8",
language = "English",
volume = "123",
pages = "475--491",
journal = "Journal of Business Ethics",
issn = "0167-4544",
publisher = "Springer Netherlands",
number = "3",

}

RIS

TY - JOUR

T1 - Western Financial Agents and Islamic Ethics

AU - Fang, E.S.

AU - Foucart, R.

PY - 2014/9/1

Y1 - 2014/9/1

N2 - This paper investigates Western professional bankers’ perceptions of Islamic finance. Exploiting data from an original survey, we carry out a principal component analysis (PCA) to characterize the main dimensions on which financial agents diverge. The PCA extracts five dimensions—accounting for 61 % of the variance in the agents’ answers—that we interpret with the help of a pilot field survey. In addition to confirm the increased association of Islamic financial values with ethical practices in the West, our results allow us to understand how the observed growth of the industry has been conceptualized by conventional agents. The five dimensions identified shed light on the multitude of constructs that have informed the diffusion of Islamic financial ideas to international markets. This supports the fact that Islamic finance cannot be seen as a single movement but is characterized by opposing and concurrent logics in global markets. © 2013, Springer Science+Business Media Dordrecht.

AB - This paper investigates Western professional bankers’ perceptions of Islamic finance. Exploiting data from an original survey, we carry out a principal component analysis (PCA) to characterize the main dimensions on which financial agents diverge. The PCA extracts five dimensions—accounting for 61 % of the variance in the agents’ answers—that we interpret with the help of a pilot field survey. In addition to confirm the increased association of Islamic financial values with ethical practices in the West, our results allow us to understand how the observed growth of the industry has been conceptualized by conventional agents. The five dimensions identified shed light on the multitude of constructs that have informed the diffusion of Islamic financial ideas to international markets. This supports the fact that Islamic finance cannot be seen as a single movement but is characterized by opposing and concurrent logics in global markets. © 2013, Springer Science+Business Media Dordrecht.

KW - Business ethics

KW - Global finance

KW - Islamic finance

KW - Principal component analysis

KW - Social psychology

U2 - 10.1007/s10551-013-1850-8

DO - 10.1007/s10551-013-1850-8

M3 - Journal article

VL - 123

SP - 475

EP - 491

JO - Journal of Business Ethics

JF - Journal of Business Ethics

SN - 0167-4544

IS - 3

ER -