In “Institutional isomorphism and environmental sustainability: a new framework from the Shariah perspective” (Environment, Development and Sustainability (2021)), Norita Mohd Nasir, Mahendhiran Sanggaran Nair and Pervaiz K. Ahmed (Monash University Malaysia) investigate the role played by understandings of Islamic law on shaping corporate environmental sustainability initiatives. Using a data set on “the managers of public listed firms” the authors demonstrate how these managers “perceive environmental issues and how their perceptions contribute to environmental sustainability.”
In “Is Islamic Banking More Procyclical? Cross-Country Evidence” (Comparative Economic Studies (2021)), Laurent Weill and Alexandra Zins (University of Strasbourg), “us[ing] panel data from 525 banks covering 16 countries with dual banking systems spanning the period from 2008 to 2018,” examine whether Islamic banks create different loan growth and profitability patterns in the economic systems to which they are introduced. While the authors are unable to find any noticeable difference in loan growths, they conclude that profitability is “procyclical” for Islamic banks, while that is not the case for conventional banks.