CEO's social capital and performance of zakat institutions: Cross-country evidence

被引：2
|
作者：
Syakir, Muhammad Fahmi [1 ]
Risfandy, Tastaftiyan [1 ,2 ]
Trinugroho, Irwan [1 ,2 ]
机构：
[1] Univ Sebelas Maret, Fac Econ & Business, Surakarta, Indonesia
[2] Univ Sebelas Maret, Ctr Fintech & Banking, Surakarta, Indonesia
来源：
JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE | 2021年 / 31卷
关键词：
Social capital; Zakat institution; Non-profit organization; Performance; RISK;
D O I：
10.1016/j.jbef.2021.100521
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We investigate whether the performance of zakat institutions is affected by the social capital of their CEO. Using data of 92 zakat institutions from 42 countries between 2016 and 2018, we empirically find a positive association between CEO's social capital and institutions' performance. However, we further find that the effect is reduced in the large zakat institutions, suggesting the importance of the CEO's social capital for a small organization. The result of this paper advocates zakat institutions to hire a CEO with a high profile of social capital. Our result is robust across different proxies of social capital, the institution's performance, and various battery of robustness. (C) 2021 Elsevier B.V. All rights reserved.
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页数：9
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