Corporate social responsibility and assurance disclosure practice: an investigation of the top 100 companies in Bangladesh

Sobhan, Nawreen; Hassan, Abeer; Fletcher, Mary

doi:10.1504/ijse.2018.092863

Cited by 7 publications

(6 citation statements)

References 62 publications

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“…This stream includes studies examining the demand side of assurance at country level by analysing published sustainability assurance statements. Other studies analyse the market based on sustainability assurance providers in terms of type, standards used and the level of assurance provided (Mock et al , 2013; Cheng et al , 2015; Sobhan et al , 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Voluntary assurance of sustainability reporting: evidence from an emerging economy

Hassan

Elamer

Sobhan³

et al. 2020

ARJ

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Purpose This paper aims to investigate the supply and demand side of sustainability assurance in Bangladesh. Design/methodology/approach Drawing on signalling theory, a logistic regression model is used for a sample of 100 of the largest Bangladeshi companies to study the relationships between assurance, sustainability disclosure, industry membership and reporting format. Findings Authors’ results show that companies which produce more sustainability information are more likely to get their sustainability assured, to be from non-carbon intensive industries, and are more likely to integrate their sustainability information with the financial annual reports. Authors’ results support the argument that organisations based in weaker legal environments are more likely to secure assurance as this adds to the credibility and reliability of sustainability reports. Research limitations/implications This paper has limitations which raise some issues for future research. First, the authors have covered only large companies; therefore, future research could examine the differences between small and large companies in relation to assurance. Secondly, the authors’ data consist of company sustainability disclosure information in the fiscal year 2015. Longitudinal studies are recommended to extend this research. Finally, future research could examine the moderating effects of geographical location on the relationship between assurance (and its providers) and other variables. Practical implications The findings of this paper will prove valuable to practitioners and researchers. Practitioners, including assurance providers and sustainability reporting managers will benefit from authors’ study as it covers both the demand and supply side characteristics of assurance. Researchers will benefit from the study as it investigates assurance practices in the developing country of Bangladesh. Originality/value To the best of the authors’ knowledge, this is the first study to examine both the supply and demand sides of sustainability assurance in Bangladesh. Authors also introduce reporting format when measuring the relationship between assurance and its determinant factors at micro level. The study also links assurance to signalling theory.

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Section: Literature Reviewmentioning

confidence: 99%

Voluntary assurance of sustainability reporting: evidence from an emerging economy

Hassan

Elamer

Sobhan³

et al. 2020

ARJ

Self Cite

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“…These contextualized features are frequently associated with different kinds of corporation features in different states and capital markets. Several theories have been applied in the literature to significantly disclose voluntary information in the organizations such as agency theory (Pakawaru et al, 2021;Nguyen et al, 2021;Zaid et al, 2020;Biswas et al, 2019;Katmon et al, 2019;El-Diftar et al, 2017), signaling theory (Leung and Snell, 2021;Charumathi and Ramesh, 2020), resource dependence theory (Khan et al, 2021), impression management theory (Morales-Raya et al, 2019), stakeholder theory (Singh and Chakraborty, 2021;Charumathi and Ramesh, 2020;Rashid et al, 2020;Buallay et al, 2020;Waheed and Yang, 2019;Dias et al, 2019;Hu et al, 2018), political economy theory (Agyei and Yankey, 2019), legitimacy theory (Acar and Temiz, 2020;Hickman, 2020;Pitrakkos and Maroun, 2020;Rosa Portella and Borba, 2020;Al Fadli et al, 2019;Ullah et al, 2019;Garas and EIMassah, 2018;Sobhan et al, 2018;William et al, 2018), institutional theory (Akbar and Deegan, 2021;Bellamy et al, 2020;Oliveira et al, 2019;Russo-Spena et al, 2018) and neo-institutional theory (Kilincarslan et al, 2020;Alshbili and Elamer, 2020;Sekhon and Kathuria, 2020;Shahab and Ye, 2018).This variation findings of the earlier literature demands that need for an inclusive review of the theories in CVD works.…”

Section: Introductionmentioning

confidence: 99%

Theories applied in corporate voluntary disclosure: a literature review

Rouf

Siddique

2022

JEPP

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PurposeThis paper attempts to review the corporate voluntary disclosure (CVD) from the theoretical perspective as well as propose a conceptual framework.Design/methodology/approachThe researchers use structural literature review technique. The sample literature consisting of 55 articles was extracted from the Scopus database over the period of 2017–2021.FindingsThe literature observes that the legitimacy, agency and stakeholder theories are most applied in CVD related studies than the other theories. It is also revealed that researchers need to concentrate more studies on those theories of CVD that have been applied in a limited study such as neo-institutional, signaling, resource dependence, political economy and impression management theories.Practical implicationsThe findings can help the understanding of parties such as practitioners', regulators and potential investors of the theories in CVD from a combined and comprehensive view.Social implicationsThe results of the study offer new insights into the potential impact of organizational level and country level theories in CVD from different perspectives of developed and developing countries.Originality/valueThis study delivers an inclusive literature review of the current study approach on the theories of CVD and highlights some stimulating guidelines for future study.

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“…Within the same socially constructed system of beliefs, norms, and values, legitimacy can be implemented in a wide perception or expectation that an entity's activities are favorable, suitable, or appropriate. In the sample literature, scholars have applied legitimacy theory to evaluate the antecedent of carbon disclosure [5,8,20], consequences [34,42], assurance [6], and disclosure quality [10,41]. Lokuwaduge and Silva [3] have applied this theory to investigate the interconnection between the environmental, social, and governance risk disclosure practices in Australian firms and supported the legitimacy theory.…”

Section: Legitimacy Theorymentioning

confidence: 99%

“…Agency theory suggests that the conflict of interests among executives and owners has brought some problems, such as information asymmetry and agency costs [18,[54][55][56][57]. Despite the fact that it is often associated with the principal and agent conflict of interests, agency perspective is applied in the literature to explore topics such as the guidance of the Department for Environment, Food, and Rural Affairs (DEFRA) and GHG emissions disclosure [58], environmental performance and disclosure [5], and assurance disclosure practice [6]. It has been suggested that this theory, in combination with socio-political theories, could be used to explain several elements of environmental reporting.…”

Section: Agency Theorymentioning

confidence: 99%

“…The non-disclosing behavior of companies might be attributed to several factors, such as limited knowledge and awareness among firm executives and directors regarding environmental disclosure, a scarcity of resources, a lack of legal regulations, underperformance, apprehension about negative publicity, a lack of monitoring and instruction from advisors/consultants, and a lack of clear guidance, which may lead to many companies choosing not to publicly disclose their political accounting decisions in full or to only disclose a few of their accounting treatments [5][6][7].…”

Section: Introductionmentioning

confidence: 99%

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Taking Stock of Carbon Disclosure Research While Looking to the Future: A Systematic Literature Review

2022

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Carbon disclosure research has sparked a growing interest due to climate change phenomenon and the impact thereof on the global market in recent years. Despite this trend, there is still a gap in knowledge regarding the role that carbon disclosure plays in the economic activities of corporations. Therefore, the purpose of this study is to systematically review the available literature on corporate carbon reporting by assessing current research trends, theoretical perspectives, and themes discussed in the field. A final sample of 168 studies from the Scopus database that explicitly discussed carbon reporting were included in this investigation. The results indicated an increase in the number of studies, especially in the last five years. In addition, carbon disclosure practices vary between different firm types, sectors, and countries. However, there is a shortage of empirical studies on some contexts that have rarely been considered. Moreover, it was found that the existing literature has only focused on the demographic characteristics of firms as the driving factor of carbon disclosure, while little attention has been paid to the attributes of governance, auditing, top management, and ownership. Nevertheless, there is no academic consensus on some determinants of carbon reporting, including profitability and the effect of the industry. With regard to the reporting quality, there is no evidence that less disclosed information means that reporting is rare in quality. This study provides a comprehensive, systematic analysis of carbon disclosure studies. The implications for future research are also discussed.

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Corporate social responsibility and assurance disclosure practice: an investigation of the top 100 companies in Bangladesh

Cited by 7 publications

References 62 publications

Voluntary assurance of sustainability reporting: evidence from an emerging economy

Voluntary assurance of sustainability reporting: evidence from an emerging economy

Theories applied in corporate voluntary disclosure: a literature review

Taking Stock of Carbon Disclosure Research While Looking to the Future: A Systematic Literature Review

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