The Theory of Firm, Management and Stakeholders: An Islamic Scenario Perspective
Islamic Economics Studies, Vol. 15, No. 1, pp. 1-30, 2007
30 Pages Posted: 7 Jan 2011
Date Written: 2007
This paper explores the impact of the behaviour of a firm and its management on its stakeholders operating within the framework of Islamic law and morality and draws a sketch of a socially responsible enterprise which Islam idealizes in the domain of business and trade. The study suggests that endogenoising the ethical cum economic dimensions will enhance the efficiency level of the economy, and will also increase social welfare level.
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