Islamic business and business as usual: a study of firms in Egypt
Author(s)
Pfeifer, KarenEditor(s)
Eade, DeborahPublication date
2001-02-01Country
Egypt
Metadata
Show full item recordJournal
Development in PracticeDocument type
Journal articleLanguage
EnglishDescription
Fifteen Egyptian firms producing goods and services were classified into two sets by method of finance, i.e. profit sharing for the seven Islamic versus debt-at-interest for the eight non-Islamic firms. Interviewed in 1993 and 1994, the two groups were found to be similar in customer relations and market behaviour and in paternalism towards employees. However, the non-Islamic firms had a significantly higher average profit rate, while the Islamic firms paid a significantly higher average wage, suggesting that cultural institutions shape economic behaviour even in a well-established market economy.<p>This article is hosted by our co-publisher Taylor & Francis.</p>Pages
14ISSN
0961-4524EISSN
1364-9213ae974a485f413a2113503eed53cd6c53
10.1080/109614520020019920