Kesseba, Khaled ORCID: https://orcid.org/0000-0002-6014-7106 (2024) Consequences of Interdependence in Public-Private Joint Ventures: The Moderating Role of Sharīʿah in Islamic Economies. Journal of Islamic Business and Management (JIBM), 14 (1).

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Abstract

Purpose: This study explores the managerial practices that influence governing Public-Private Joint Ventures (PPJVs) between appointed managers of State-Owned enterprises (SOE) and International Firms (IF) under the moderating role of Sharīʿah.

Methodology: The study utilises qualitative empirical data gathered through interviews.

Findings: The study elucidates the differing managerial philosophy and associated concepts between appointed managers of SOE and International Firms in PPJVs hosted in Islamic economies and based on Sharīʿah. Findings report on the tensions of power asymmetries resulting from interdependence. The identified tensions of power asymmetries can be eased through sound ethical behaviour and management by employing managerial practices of Trust-building and Experience Compatibility. Trust-building reported mutual occurrence among all research participants. Experience Compatibility reported a contrast between some of the research participants.

Significance: The contribution lies in expounding the consequences of interdependence between appointed managers from Sharīʿah-compliant firms (The SOE) and International Firms, and the resulting tensions of power asymmetries that they face in governing PPJVs. Appointed managers of Sharīʿah-compliant firms should embrace sound ethical grounds rooted in the values of Islam. Similarly, appointed managers of international firms should realise the ethical concepts of their counter-appointed managers of Sharīʿah-compliant firms.

Limitations: The study draws on data from the Egyptian PPJVs in the extractive industry. Future studies are encouraged in other countries to validate the findings.

Implications: This study provides theoretical foundations that bridge the differing managerial philosophy and its associated concepts between appointed managers from Sharīʿah-compliant firms and international firms on the ethical grounds of Islam.

Item Type:	Article
Status:	Published
DOI:	10.26501/jibm/2024.1401-002
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
School/Department:	London Campus
URI:	https://ray.yorksj.ac.uk/id/eprint/10560

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