Ouarda Dsouli, Nadeem Khan and Nada K. Kakabadse
The aim of this paper is to investigate how values from within Abrahamic religions could be adopted to improve liberal market economies’ (LMEs’) corporate governance business…
Abstract
Purpose
The aim of this paper is to investigate how values from within Abrahamic religions could be adopted to improve liberal market economies’ (LMEs’) corporate governance business practices.
Design/methodology/approach
The concept of spiritual capitalism is explained from an Islamic perspective by adopting three universal Abrahamic values to critically analyse LMEs and offer an ethical alternative to current capitalism concerns.
Findings
It is found that LMEs can be improved by considering all stakeholders, putting ethics before economics, and introducing shared risk/reward plus lower debt.
Originality/value
The paper compares LMEs/Co‐ordinated market economies (CMEs)/Islamic countries economies (ICEs) within an ethical framework for LMEs.
Details
Keywords
Aikaterini Galanou and Dalia Abdelrahman Farrag
The paper provides some fundamental observations on leadership from an Islamic perspective and the Islamic revealed knowledge. The purpose of this paper is to measure the…
Abstract
Purpose
The paper provides some fundamental observations on leadership from an Islamic perspective and the Islamic revealed knowledge. The purpose of this paper is to measure the association between Islamic leadership and the most common western forms of leadership namely; transactional, transformational, authentic, and ethical leadership styles as well as its relationship on leader’s effectiveness and organizational innovation.
Design/methodology/approach
An empirical investigation was conducted using portrait value questionnaire recommended by Schwartz (1994b), confirmatory factor analysis (CFA) followed by structural equation modelling (SEM).
Findings
The results indicated that Islamic leadership is positively and significantly associated with perception of leader effectiveness and innovation outcomes. In addition the findings revealed that Islamic leadership is positively correlated with transformational, ethical, and authentic leadership as well and not with the transactional leadership style.
Practical implications
Among the practical implications of this research is that while a large body of leadership research has adopted a variation of leadership theories, our results suggest that we should seize to pay attention to the influential Islamic leadership.
Originality/value
The originality of this paper is that it extends scholarly understanding on Islamic perspectives of management which is a relatively new and growing area of interest for academics and practitioners, in terms of both theory and practice.
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Wafa El Garah, Rafik I. Beekun, André Habisch, Gilbert Lenssen and Cristian Loza Adaui
The purpose of this paper is to provide an overview of the special issue on practical wisdom for management from the Islamic traditions.
Abstract
Purpose
The purpose of this paper is to provide an overview of the special issue on practical wisdom for management from the Islamic traditions.
Design/methodology/approach
The guest editorial introduces the papers in this special issue, focusing on practical wisdom for management from the Islamic tradition.
Findings
Using multiple levels of analysis as well as both academic and practitioner‐oriented perspectives, this special issue demonstrates that the Islamic tradition offers valuable practical wisdom insights in multiple areas including leadership, human resource management, action learning, knowledge transfer and business ethics.
Originality/value
This issue represents the first exploratory contribution to the research on practical wisdom from the Islamic tradition, opening a new focus of research and contributing to management development.