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This study aims to determine research performance in Islamic business ethics and explore future research directions from leading articles and scholars.

This paper used bibliometric and content analysis to analyze 250 articles from reputable Scopus and Web of Sciences journals.

To date, the normative style still dominates Islamic business ethics research. Asian countries such as Malaysia and Indonesia are the center of discussion on Islamic business ethics. This study also suggests that researchers and academics study aspects of the economy that Islamic values have not touched, such as the theme of art, artificial intelligence for labor relations, workers' rights and language.

This research aims to contribute knowledge to Muslims as a reference guide for ethical business behavior. Non-Muslim managers can use this paper as a guide in forming a global company that is pluralistic and respectful of religious communities.

This research makes a scholarly contribution by providing a comprehensive exploration and detailed future research directions in each subtheme of Islamic business ethics.

The purpose of this study is to investigate the realtionship between the strategic maneuvers in working capital management (WCM) and the ensuing corporate performance, chiefly within the purview of companies aligned with Shariah-compliant financial practices during epochs of fiscal distress.

This study deploys a fixed effect regression model to dissect the WCM-performance nexus for Shariah and non-Shariah compliance firms in the UK. Here, the authors used FTSE 350 index data from 1990 till 2022. The authors used return on assets, return on equity and net profit margin as the dependent variables and they used working capital as the independent variable. Finally, a set of different control variables including, size, leverage, dividend and research and development. Furthermore, for robust purposes, the authors use the system generalized method of moments estimation.

The findings reveal a significant relationship between WCM and firm performance across different crisis periods. Effective WCM is associated with improved profitability and stability in firms. This study shows that firms with efficient WCM strategies were better positioned to navigate the financial turmoil of the GFC, the operational disruptions during COVID-19 and the economic impacts of the Russia–Ukraine conflict.

This research provides a significant perspective by spotlighting Sharia-compliant entities, thus charting new territory in the strategic finance discourse. In addition, the focus on Shariah-compliant firms introduces a novel perspective within the financial management domain, offering valuable insights for both academic researchers and financial practitioners.

An effective corporate governance system helps to smoothly run business operations and manage financial matters. To ensure that management behavior is ethical, and their decisions are in the best interest of shareholders, corporate governance plays a vital role. This study aims to examine the impact of corporate governance on the insider trading profitability of listed banks in Pakistan, Bangladesh and India.

The authors take data from the financial statements of 70 listed banks and stock exchanges of the respective countries. The period of the data for our study is from 2010 to 2020. The authors use board independence, the board size, institutional ownership and managerial ownership as measures of corporate governance characteristics. While inside trading profitability is measured with abnormal returns. The authors apply the fixed effect panel regression for hypothesis testing and the two-step dynamic panel system-generalized method of moments (GMM) regression technique for checking the robustness of the findings.

The authors found that corporate governance has a significant impact on insider trading profitability in Pakistan, Bangladesh and India. Board independence and institutional ownership are negatively related while board size and managerial ownership are positively associated with insider trading profitability.

To the best of our knowledge, this study is the first one to explore the role of corporate governance in limiting insider trading on South Asian banks. It recommends that corporations should follow the code of corporate governance for the protection of shareholders' and other investors' profits.

This paper aims to examine the impact of increased board independence on firms’ operating performance in light of corporate governance (CG) reform in Bangladesh, an emerging economy.

The study used a panel data set on 183 non-financial companies listed on the Dhaka Stock Exchange, Bangladesh, from 2007 to 2017. The system generalized method of moments estimation technique was used to control possible endogeneity issues in the governance–performance nexus.

The policy evaluation results using difference-in-difference estimation confirm that the regulatory reform encompassing doubling up the proportion of independent directors improves firm performance. It reveals that the negative significance of board independence in the pre-reform stage fades away after the code modification phase. Furthermore, the study reports that the regulatory change demonstrates noteworthy differences in the effects of internal governance parameters on performance for small- and large-sized firms.

The findings suggest that although the policy shift establishes the board’s resource provisioning role, the full-fledged monitoring contribution that improves firm performance has yet to be demonstrated.

This study extends scant literature on the nexus of CG reform and firm performance in a developing country. The findings underscore apprehensions regarding the efficacy of instituting agential viewpoints for every nation.

This study aims to examine how female directors on corporate boards and audit committees, and auditor affiliations (Big 4 versus Egyptian firms affiliated with foreign auditors), influence audit fees. This examination is driven by the global call for increased female representation in leadership roles and its potential implications for audit quality and financial transparency.

A sample of non-financial companies listed on the Egyptian Stock Exchange is used for the period 2011–2020. The authors used multivariate regression models, the Heckman two-stage and tokenism to support the analysis.

The results are threefold. First, this analysis reveals that female directors, whether on corporate boards or audit committees, are more likely to choose higher-quality audits in the form of high audit fees. Second, both Big 4 firms and Egyptian audit firms affiliated with foreign auditors are positively associated with audit fees and earn significant audit fee premiums. Third, a minor difference in audit fee premiums could be attributed to the existence of female directors.

Future research may expand the analysis performed in this study by investigating the characteristics related to female directors (e.g. education, experience and age) on audit fees.

This study suggests insights for regulatory bodies, corporate decision-makers, auditors and corporate governance researchers. For instance, this study reveals that the Big 4 are not homogenous and provide different audit quality levels along with significant audit fee premiums.

This study extends and contributes to the growing literature on female representation in corporate leadership. First, this study adds to the limited research in Egypt by examining the effect of female board representation on audit quality. Second, this study adds to the extant literature on the gender of financial experts by demonstrating that female financial expert is more likely to demand high-quality audits. Finally, the results have significant implications for policymakers. For instance, this study reveals that the Big 4 are not homogenous and provide different audit quality levels along with significant audit fee premiums.