Theory of the Firm, Management and Stakeholders: An Islamic Perspective

30 Pages Posted: 10 Apr 2018

See all articles by Toseef Azid

Toseef Azid

Bahauddin Zakariya University

Mehmet Asutay

Durham Business School

Umar Burki

Høgskolen i Molde

Date Written: Jul 01, 2007

Abstract

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.

Suggested Citation

Azid, Toseef and Asutay, Mehmet and Burki, Umar, Theory of the Firm, Management and Stakeholders: An Islamic Perspective (Jul 01, 2007). Islamic Economic Studies, Vol. 15, No. 1, 2007. Available at SSRN: https://ssrn.com/abstract=3159935

Toseef Azid (Contact Author)

Bahauddin Zakariya University ( email )

Multan, Punjab
Pakistan
+92-61-9210054 (Phone)
+92-61-9210068 (Fax)

Mehmet Asutay

Durham Business School ( email )

Mill Hill Lane
Durham, Durham DH1 3LB
United Kingdom

Umar Burki

Høgskolen i Molde

Molde NO-6405
Norway

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