Corporate social responsibility, intrinsic religiosity, and investment decisions

We contribute to corporate social responsibility research by examining the influence of intrinsic Islamic religiosity, operationalized by Islamic Worldview, on investment decisions related to a firm faced with alleged environmental degradation in Pakistan. The findings based on a sample of 176 junior business executives establish that investors with higher scores on Islamic Worldview are less likely to invest in a profitable firm that is alleged of environmental degradation than those with lower scores. Guided by their intrinsic religiosity, investors make decisions different from those of the supposedly economically rational person.