Corporate Mandatory Reporting: A longitudinal Investigation of Listed Companies in Bangladesh

Das, Sumon; Dixon, Rob; Amir, Michael

doi:10.21102/graf.2015.03.61.05

Cited by 38 publications

(56 citation statements)

References 45 publications

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“…In Model 3, the variable denoting independent directors on boards, INDP _ DIR , presents the expected sign, and it is statistically significant, as predicted. Thus, according to this finding, Hypothesis cannot be rejected and suggests that the presence of independent directors on boards enhances CSR disclosure, in line with the findings of authors such as Jizi et al (), Das et al (), Martínez‐Ferrero et al (). This evidence suggests that the presence of independent directors on boards has a positive effect on the disclosure of CSR information because they tend to pressure companies to consider CSR issues as an important factor in the decision‐making process.…”

Section: Resultssupporting

confidence: 83%

“…For the financial sector, past research provides evidence that independent directors have had a positive impact on CSR disclosure in various countries, such as Ukraine (Mozghovyi & Ratnykova, ), the United States (Jizi et al, ), Bangladesh (Das et al, ), and Spain (Martínez‐Ferrero et al, ), among others. In this line, Martínez‐Ferrero et al () point out that independent directors in the financial sector have the same effect as in nonfinancial companies, that is, they contribute to increased CSR reporting.…”

Section: Theoretical Framework and Hypotheses Developmentmentioning

confidence: 99%

“…Thus, board characteristics are effective corporate governance mechanisms if they enable a board to carry out its duties. However, there are few papers that examine how the board composition of financial entities affects CSR disclosure (Das, Dixon, & Michael, ; Jizi, ; Jizi, Salama, Dixon, & Stratling, ; Martínez‐Ferrero, Vaquero‐Cacho, Cuadrado‐Ballesteros, & García‐Sánchez, ). The financial sector is characterised by high levels of leverage, large creditors, a great number of depositors, and strong regulations due to their importance to economies (Laeven, ).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

The contribution of financial entities to the sustainable development through the reporting of corporate social responsibility information

Pucheta‐Martínez

Bel‐Oms

Nekhili

2018

Sustainable Development

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This paper aims at examining the relationship between the board composition and corporate social responsibility (CSR) of a sample of listed financial entities, discussing the reasons driving these entities to disclose CSR information. We hypothesise that there is a positive association between outside (institutional and independent directors) and female directors and CSR disclosure, and a negative relationship between inside directors and CSR reporting. Our findings provide evidence that the presence of independent directors and female directors on boards promotes CSR disclosure. Moreover, the results also show that the presence of inside directors and institutional directors on boards does not have an influence on CSR reporting.Thus, our evidence suggests that board attributes, such as the presence of independent and female directors, encourage financial entities to report CSR matters, showing the effectiveness of these two corporate governance mechanisms. The paper sheds light on the influence of the board structure of financial entities on CSR disclosure.Therefore, this study contributes to past research by providing an index for measuring the CSR disclosure of financial entities and the importance of the distinction between outside and inside directors.

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Section: Resultssupporting

confidence: 83%

Section: Theoretical Framework and Hypotheses Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

The contribution of financial entities to the sustainable development through the reporting of corporate social responsibility information

Pucheta‐Martínez

Bel‐Oms

Nekhili

2018

Sustainable Development

View full text Add to dashboard Cite

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“…Board independence refers to independent directors who have no affiliation with the company except for their directorship (Bursa Malaysia, 2006). Board independence (BIND) is the number of independent directors on the board relative to the total number of directors (Arora and Dharwadkar (2011); Harjoto and Jo (2011) and Das et al (2015).…”

Section: Independent and Control Variablesmentioning

confidence: 99%

“…Large companies engage in more activities due to resource availability, produce more information on these activities and are better able to bear the cost of such processes (Andrew et al, 1989). The natural logarithm of total assets as the proxy for company size (SIZE) is used, in line with Das et al (2015), Sartawi et al (2014) and Rashid (2014).…”

Section: Independent and Control Variablesmentioning

confidence: 99%

Board Independence and Corporate Social Responsibility (CSR) Reporting in Malaysia

Ahmad¹

2017

AABFJ

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This study aims to examine the influence of board independence on corporate social responsibility (CSR) reporting by publicly listed companies in Malaysia. Content analysis was used to determine the extent of CSR reporting. A reporting index consisting of 51 items was developed based on six themes: General, Community, Environment, Human Resources, Marketplace and Other. An Ordinary Least Square (OLS) regression was used to examine the relationship between board independence and firm CSR reporting. The results indicate that the association between board independence and company CSR reporting is industry specific. Overall, the empirical evidence partially supports agency theory. KeywordsAgency Theory, CSR, Board Independence, Malaysia AbstractThis study aims to examine the influence of board independence on corporate social responsibility (CSR) reporting by publicly listed companies in Malaysia. Content analysis was used to determine the extent of CSR reporting. A reporting index consisting of 51 items was developed based on six themes: General, Community, Environment, Human Resources, Marketplace and Other. An Ordinary Least Square (OLS) regression was used to examine the relationship between board independence and firm CSR reporting. The results indicate that the association between board independence and company CSR reporting is industry specific. Overall, the empirical evidence partially supports agency theory IntroductionCompanies have reported on their Corporate Social Responsibility (CSR) obligations for more than three decades (Deegan, 2013). The notion of CSR requires companies to consider the social, economic and environmental consequences of their operations and suggests that they address the needs and expectations of stakeholders such as investors, customers, suppliers, regulators and society. Consequently, growing numbers of companies are informing their stakeholders of their social and environmental performance through print-based reporting or their websites. Although it is costly and voluntary by nature, companies still embrace in CSR, as it has been accepted as a long-term business strategy (Jamali and Mirshak, 2007) and a source of competitive advantage. It is a way to gain, maintain and repair legitimacy (Deegan et al., 2000), and it enhances a company's reputation and risk management.Consistent with the increased importance of CSR, boards' roles and responsibilities have been extended from the traditional shareholder-centric view to encompass various stakeholders. Boards of directors influence CSR in various ways, from establishing stakeholder friendly corporate policies to creating committees that deal with CSR-related matters. They are also expected to monitor company performance financially and socially (Janggu et al., 2014) and are accountable for any decisions made by management to serve for the best interest of shareholders. The board of directors also plays a pivotal role in a company's CSR activities. Nevertheless, the decision to demonstrate social and environmental responsibi...

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Motivations and impacts of sustainability reporting in the Indo‐Pacific region: Normative and instrumental stakeholder approaches

et al. 2020

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Despite the elusive debate on different stakeholder approaches to sustainability reporting in the developed world, few studies have so far explored stakeholder influences on management perceptions of the motivations for and the impact of sustainability reporting in the developing country contexts. Using a survey questionnaire complemented by a series of interviews with business managers in five countries in the Indo-Pacific region, this study investigates the motivations and impacts of the rapidly growing sustainability reporting practice in this emerging area. The study finds that corporate sustainability reporting in the Indo-Pacific region is generally driven more by normative and regulatory stakeholder pressures than by economic considerations, especially for larger companies and companies with more overseas presence. However, in terms of the perceived impacts of sustainability reporting, economic benefits feature more prominently in both survey and interview data. It appears that companies believe they receive a win-win outcome by "doing good," although their "doing good" is more from a normative and regulatory call than from a belief in business cases.

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Corporate Mandatory Reporting: A longitudinal Investigation of Listed Companies in Bangladesh

Cited by 38 publications

References 45 publications

The contribution of financial entities to the sustainable development through the reporting of corporate social responsibility information

The contribution of financial entities to the sustainable development through the reporting of corporate social responsibility information

Board Independence and Corporate Social Responsibility (CSR) Reporting in Malaysia

Motivations and impacts of sustainability reporting in the Indo‐Pacific region: Normative and instrumental stakeholder approaches

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