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...

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Bibliographic Details
Authors: Aldhehayan, Abdulaziz (Author) ; Tamvada, Jagannadha Pawan 1980- (Author)
Format: Electronic Article
Language:English
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Published: International Association of Management, Spirituality & Religion 2023
In: Journal of management, spirituality & religion
Year: 2023, Volume: 20, Issue: 5, Pages: 473-498
IxTheo Classification:AE Psychology of religion
AG Religious life; material religion
BJ Islam
ZA Social sciences
ZD Psychology
Further subjects:B Economic behaviour
B Islam
B Aufsatz in Zeitschrift
B Religion
B Religiosity
B Risk-taking
Online Access: Volltext (lizenzpflichtig)
Description
Summary: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.
ISSN:1942-258X
Contains:Enthalten in: Journal of management, spirituality & religion
Persistent identifiers:DOI: 10.51327/AGLB1237