Figure 2
A chart presents three fields of accounting, corporate governance, and corporate finance, each linked with aspects of religiosity such as decision making, governance, risk taking, and cash holding.The chart displays three sections. The first section is accounting, connected with religiosity, managerial decisions, business ethics, ethical behaviours, firm performance, corporate social responsibility, financial irregularities, and earnings management. The second section is corporate governance, linked with religiosity, corporate governance, agency costs, opportunistic behaviours, and governance index. The third section is corporate finance, connected with religiosity and corporate financial decisions such as capital structure and dividend payouts, religiosity and corporate risk taking including financial distress, Z score and corporate risk taking, and religiosity and cash holding including cash holding and free cash flow.

Conceptual scheme of the topics covered

Source: Authors’ own work

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