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Do Sharīʿah and ESG-Compliant Firms Outperform Others? Evidence from S&P500 Index Companies

Zul Hakim Jumat

Journal of Islamic Business & Management2025https://doi.org/10.26501/jibm/2025.1502-006article
AJG 1
Weight
0.50

What the paper says

Sharīʿah-compliance and Environmental, Social, and Governance (ESG) principles represent two major ethical paradigms shaping contemporary finance. Yet, empirical evidence on their combined impact on firm performance remains limited. This study investigates how Sharīʿah and ESG compliance, individually and jointly, affect firm performance, focusing on both accounting-based (ROA) and market-based(Tobin's Q) indicators.

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https://doi.org/https://doi.org/10.26501/jibm/2025.1502-006

Or copy a formatted citation

@article{zul2025,
  title        = {{Do Sharīʿah and ESG-Compliant Firms Outperform Others? Evidence from S&P500 Index Companies}},
  author       = {Zul Hakim Jumat},
  journal      = {Journal of Islamic Business & Management},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.26501/jibm/2025.1502-006},
}

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Do Sharīʿah and ESG-Compliant Firms Outperform Others? Evidence from S&P500 Index Companies

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.