Year
2020
Country
Qatar
Language
English
Abstract
| Scholars had differed whether managers are primary responsible to shareholders or to other aspects such as the long-term prospects of the firm or to other stakeholders or even to the larger environment in which businesses operate including sustainable business practices. Notwithstanding recent voices and momentum in favor of the later, modern management theory and practice largely favored the former, i.e. profit maximization is viewed as the primary responsibility of managers. This often left managers with the dilemma to choose one at the expense over the other, as sustainable business practices often locked horn with profitability. In this paper, we explore whether adherence to certain ethical codes and values – say Islamic principles – helps managers to overcome such dilemma. Citing evidences from classical literature, we argue that from an Islamic perspective, profitability and sustainable practices go in tandem and hence abidance to such ethical practices and beliefs makes decision-making easier for managers. |
English
City
Doha, Qatar
Conf. Start Date
Conf. End Date
Select type of work
CIS Program Old
CIS publications
Yes
CIS Thesis
No