AIB 2012 Conference Proceedings - Academy of International ...

SUNDAY
Shariah Governance in Islamic Financial Institutions: A Multi-Country Analysis
Hussain G. Rammal, University of South Australia
Lee D. Parker, University of South Australia
Since its official launch in the 1970's, Islamic financing has grown at a rapid rate. Today Islamic banks are
operating in nearly all Muslim countries and many non-Muslim countries like India, Singapore, Thailand, United
Kingdom and United States. Unlike conventional financing, Islamic financing prohibits the use of interest in
commercial transactions. To ensure compliance of the religious requirements, Islamic financial institutions are
required to utilise the services of Shariah (Islamic law) scholars. There has been limited research undertaken in
the area of Shariah supervision in Islamic financing and this study makes a contribution by analysing the
Shariah governance model followed by the Islamic financial institutions operating in Pakistan, and comparing it
to other national models used in Bahrain, Indonesia, Iran and Malaysia. Using the New Institutional theory
frame, the study reveals that there is a lack of consistency in the application of the governance model and the
pre-existing structures that exist in each country has an impact on how the national models have evolved. The
findings also show that there is evidence for mimetic and normative isomorphism in the sector which may lead
to greater consistencies in Shariah application and governance in Islamic financial institutions across the
countries in the future (For more information, please contact: Hussain G. Rammal, University of South Australia,
Australia: hussain.rammal@unisa.edu.au)
Session: 1.3.13 - Interactive
Track: 6 - Innovation and Knowledge Mgmt.
How to Enhance Innovation Performance
Presented On: July 1, 2012 - 13:00-14:15
Chair: John W Clarry, Rutgers University
Impact of Global New Product Development Practice on Innovation Learning and Project Performance
Jeen-Su Lim, University of Toledo
John H. Heinrichs, Wayne State University
With increased global competition and globalized market, firms are required to commit to not only product
development but also globalization of innovation efforts to gain a competitive advantage in the turbulent
competitive environment. This study develops and tests a conceptual model that captures the relationships
among two global product development practices (globalized new product development team and global
product design focus), two types of learning (individual learning and collective learning), and project
performance. Managerial and theoretical implications are discussed. (For more information, please contact:
Jeen-Su Lim, University of Toledo, USA: jlim@utnet.utoledo.edu)
How Does Innovation Impact Firm Performance Direct v. Mediated Effects of Patent Scale and Scope
Sonya H. Wen, Tamkang University
Jennifer H. Chen, Nanhua University
How does technological innovation impact the financial performance of technology-intensive firms From the
knowledge-based view, we hypothesized and tested a firm performance model determined by patent scale and
scope. For illustrating whether or not performance effects exist and how patent impacts performance, we
analyzed the test-results on multiple subsamples of 106 Fabless firms in Taiwan, during 1995 and 2007. The t-
test results on mean-differences of multiple performance indicators support our hypothesis that active
innovators in terms of patent scale and patenting frequency perform better than passive innovators. Using the
panel data of the full versus patenting subsamples, we further compared the lagging direct and mediated
AIB 2012 Conference Proceedings
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