This paper examines whether a higher proportion of co-opted board members following a CEO’s accession translates to greater climate change-related risk for the firm. Investigating 12,101 US-based firm-year observations from 2002-2014, we discover that firms with a higher level of co-opted...

In theory, risk sharing based Financing (RSF) is considered a corner stone of Islamic finance. It is argued to render Islamic banks more resilient to shocks. In practice, however thus feature of Islamic financial products is almost negligible. Instead, debt-based instrument, with conventional...

In theory, profit and loss or risk sharing financing (RSF) is considered as a corner stone of Islamic finance. In practice, however, this feature of Islamic financial products has been argued by many to be negligible. Instead, debt-based instruments, with conventional like features, have...