2020
DOI: 10.1177/2158244020924046
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Corporate Social Responsibility Programs and Community Perceptions of Societal Progress in Bangladesh: A Multimethod Approach

Abstract: Grounded on stakeholder theory and contemporary corporate social responsibility (CSR) literature, this study aims to investigate the broad categories of CSR programs (CSRPs) of scheduled banks and nonbanking financial institutions of Bangladesh Bank (the central bank of Bangladesh). This study also attempts to build the relationship between CSRPs and community perceptions of societal progress. Qualitative and quantitative methods were used to analyze the data collected from primary and secondary sources. The f… Show more

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Cited by 33 publications
(50 citation statements)
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“…Community pressure influences the firm's CSR policy and its implementation strategies (Skouloudis et al, 2015). The community provides firms social licenses to operate their business operations in societies (Boadi et al, 2019) by assuming that firms deliver numerous benefits through their social initiatives to offset the adverse effects of their business operations in the community (Mahmud et al, 2020). Thus, companies adopt CSR policies to acknowledge the impacts of business operations they have on the environment, community, and the world more broadly (Randle et al, 2019).…”
Section: Csr and Communitiesmentioning
confidence: 99%
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“…Community pressure influences the firm's CSR policy and its implementation strategies (Skouloudis et al, 2015). The community provides firms social licenses to operate their business operations in societies (Boadi et al, 2019) by assuming that firms deliver numerous benefits through their social initiatives to offset the adverse effects of their business operations in the community (Mahmud et al, 2020). Thus, companies adopt CSR policies to acknowledge the impacts of business operations they have on the environment, community, and the world more broadly (Randle et al, 2019).…”
Section: Csr and Communitiesmentioning
confidence: 99%
“…CSR is a strategic management tool that offers win-win prospects for the community and corporation (Boadi et al, 2019;Mahmud et al, 2020). An external stakeholder group of a firm "community" can be demarcated grounded on any amount of communal traits, such as history, religion, culture, geographic territory, and related beings to the firm's supply chains across the localities or the globe as a whole (Kapelus, 2002).…”
Section: Csr and Communitiesmentioning
confidence: 99%
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“…In addition, NBFIs focused less on infrastructure growth in underserved areas and income-generating programs for the vulnerable. Furthermore, the Bank and Financial Institutions Division (BFID) of Bangladesh's Ministry of Finance is preparing to launch new CSR guidance that prioritises the country's health, education, climate, stability, and child welfare sectors as a strategy to achieve the Sustainable Development Goals (SDGs) (Moktadir et al, 2018;Mahmud et al, 2020).…”
Section: Methodsmentioning
confidence: 99%
“…Therefore, this study extends the research into nongovernmental support as an essential element of SS. The nongovernmental organizations have significant contribution toward community through different social responsibility activities [31]. However, the mediating effect is extended here to both governmental and nongovernmental supports to show more accurate influences.…”
Section: Introductionmentioning
confidence: 94%