“Market Islam” and firms’ performance: The case of MÜSİAD member firms
This article examines the relationship between the practice of “market Islam” and firm performance among affiliates of Müstakil Sanayici ve İşadamları Derneği (MÜSİAD), a prominent Turkish employers’ association representing industrialists and business leaders. Based on multiple linear regression...
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| Gepubliceerd in: | RIMHE : Revue Interdisciplinaire Management, Homme & Entreprise | 62 | 1 | 2026-05-12 | p. 4-20 | 2259-2490 |
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| Hoofdauteurs: | , |
| Formaat: | Article ou chapitre numérique |
| Taal: | Français |
| Gepubliceerd in: |
2026
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| Onderwerpen: | |
| Online toegang: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Samenvatting: | This article examines the relationship between the practice of “market Islam” and firm performance among affiliates of Müstakil Sanayici ve İşadamları Derneği (MÜSİAD), a prominent Turkish employers’ association representing industrialists and business leaders. Based on multiple linear regression analysis, we investigate a sample of 119 member firms. As devout believers and practitioners of Islam, members of this organization explicitly invoke Islamic principles in explaining their business success, making this context particularly suitable for assessing the performance implications of market Islam. Our findings indicate that Islamic moral values and profit redistribution practices are positively and significantly associated with firm performance. In contrast, broader Islamic ethical and religious values do not exhibit a statistically significant relationship with performance outcomes. By disentangling the multidimensional components of market Islam, this study advances theory at the intersection of religion and economic behavior, demonstrating that the performance effects of religiously grounded practices are selective rather than uniform. These findings contribute to ongoing debates on the compatibility of religious moral frameworks with capitalist performance logics by specifying the organizational mechanisms through which religious values may–or may not –translate into measurable firm-level outcomes.
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