Religiosity and risk-taking: evidence from Islam
Religiosity and risk-taking: evidence from Islam
The Islamic religion has been at the centre of global interest in recent times, but there is no consensus on its influence on individuals and their socio-economic behaviour. We examine the impact of Muslims’ religiosity on their propensity to make risky decisions. Based on a sample database of 638 Muslims from Saudi Arabia, the empirical results establish a new link between Islamic religiosity and the preference for risk-taking. In particular, the results reveal a U-shaped relationship between Islamic religiosity and the propensity of Muslims for risk-taking suggesting that individuals with both high and low religiosity levels are more likely to make risky decisions.
Aldehayan, A.
b059017e-9e58-4f07-9e7c-698940563c26
Tamvada, Jagannadha Pawan
767d0374-3cc1-4822-adb6-f22b7a1f6531
Aldehayan, A.
b059017e-9e58-4f07-9e7c-698940563c26
Tamvada, Jagannadha Pawan
767d0374-3cc1-4822-adb6-f22b7a1f6531
Aldehayan, A. and Tamvada, Jagannadha Pawan
(2022)
Religiosity and risk-taking: evidence from Islam.
Journal of Management, Spirituality & Religion.
(In Press)
Abstract
The Islamic religion has been at the centre of global interest in recent times, but there is no consensus on its influence on individuals and their socio-economic behaviour. We examine the impact of Muslims’ religiosity on their propensity to make risky decisions. Based on a sample database of 638 Muslims from Saudi Arabia, the empirical results establish a new link between Islamic religiosity and the preference for risk-taking. In particular, the results reveal a U-shaped relationship between Islamic religiosity and the propensity of Muslims for risk-taking suggesting that individuals with both high and low religiosity levels are more likely to make risky decisions.
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Religiosity Risk taking JMSR Accepted Version
- Accepted Manuscript
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Accepted/In Press date: 13 December 2022
Identifiers
Local EPrints ID: 472755
URI: http://eprints.soton.ac.uk/id/eprint/472755
ISSN: 1476-6086
PURE UUID: ff91077d-e3cb-4f9a-a92b-349bc2d12484
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Date deposited: 16 Dec 2022 17:59
Last modified: 17 Mar 2024 03:33
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Author:
A. Aldehayan
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