Tag Archives: Theory of Firm

Behavior of Firms in Islamic Economic Framework

Salman Ahmed Shaikh In this article, we take a brief look at the theory of the firm in Islamic economics and how a firm’s objectives and governing framework is different in Islamic economic framework as compared to the neoclassical and … Continue reading

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Corporate Governance: Agency Conflicts and Islamic Economics

Salman Ahmed Shaikh Agency conflict arises when the various parties have different incentives or objectives in a mutual relationship. Two main agency conflicts which arise in commercial context are: Between shareholders and managers Between shareholders and creditors In the first … Continue reading

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