Corporate Voluntary Disclosure Practices of Banks in Bangladesh

Mamun, Syed Abdulla Al; Kamardin, Hasnah

doi:10.1016/j.sbspro.2014.11.075

Cited by 9 publications

(5 citation statements)

References 20 publications

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“…Banks contribute to the economic development of countries through creating a financial infrastructure that enables the functioning and development of individuals and businesses. Al Mamun and Kamardin (2014) emphasised that banks play the major role by supplying funds to corporates, especially in the emerging economies where the capital market is yet to develop, and banks supply most of the capital. Additionally, society expects banks to participate in social welfare.…”

Section: Csr Disclosures In the Banking Sectormentioning

confidence: 99%

The impact of corporate governance characteristics on banks’ corporate social responsibility disclosure

Matuszak

Różańska

Macuda

2019

JAEE

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Purpose The purpose of this paper is to investigate the extent and trend of corporate social responsibility (CSR) reporting in commercial banks in Poland and examine the link between corporate governance characteristics, namely size of the bank, ownership, boards size, board diversity and CSR disclosures in the banks. Design/methodology/approach The annual reports and CSR reports of the banks were examined between 2008 and 2015 using content analysis and panel data analysis. Findings The results indicate that banks improved their CSR reporting practices during examined period. There are statistically significant differences in the level of CSR disclosures between banks with a different ownership structure. Both foreign majority shareholder group as well as state majority shareholder group have a positive influence on CSR as compared with Polish majority shareholder (PMS) group (excluding State). Moreover, being listed on stock exchange has a positive influence on CSR as compared with not being listed. Further, the results also revealed that there is a significant positive effect of almost all variables related to the management board, namely, size, female board leadership and foreign board members on CSR disclosure, whereas all supervisory board variables and all considered ownership variables have no statistically significant impact on CSR disclosure. Originality/value This research contributes to the existing literature because the banking sector is often excluded from CSR studies due to its specific legal regulations and seemingly little environmental impact. Moreover, there are only few studies analysing the effect of boards characteristics on the banks CSR disclosure, especially in emerging countries. This study is also the first of this kind focusing on the two-tier system. Furthermore, the study provides the instrument to measure CSR in the banking industry. Finally, the research stresses the crucial implications for banking sector, shareholders and regulatory bodies.

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Section: Csr Disclosures In the Banking Sectormentioning

confidence: 99%

The impact of corporate governance characteristics on banks’ corporate social responsibility disclosure

Matuszak

Różańska

Macuda

2019

JAEE

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“…In economic development, the financial information itself cannot depict corporate behavior very well, so the non-financial information, for example, CSR information, becomes a beneficial complement [27]. Mamun et al (2014) [28] found that banks have increasingly disclosed their CSR information in recent years. Theoretically, corporations disclose their CSR information voluntarily, mainly to meet their stakeholder's demands, releasing the information asymmetry between shareholders and managers, and reducing financing costs [2].…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Regional Anti-Corruption and CSR Disclosure in a Transition Economy: The Contingent Effects of Ownership and Political Connection

Qiao

Chen

et al. 2019

Sustainability

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Based on the empirical data of China’s Shanghai and Shenzhen A-share market, this paper examined the impact of regional anti-corruption intensity on corporate social responsibility (CSR) disclosure. The results indicate that (1) regional anti-corruption intensity has a significant positive effect on firms’ CSR disclosure; (2) through the grouping test based on the ownership of firms, it was found that the positive effect of anti-corruption intensity on CSR disclosure in the sample of non-state-owned enterprises was more significant and positive than that of state-owned enterprises (SOEs); and (3) through the grouping test of whether or not the enterprises had political connections, the positive effect of regional anti-corruption intensity on CSR disclosure was stronger and more significant in firms with political connections (relative to those with no or weak political connections). This paper sheds light on the research into anti-corruption policies by linking government macro policy and enterprises’ micro social economic behaviors, and it provides empirical evidence for this linkage. This paper also contributes to organizational legitimacy theory and CSR theory by probing the impact of anti-corruption policies on firms’ CSR disclosure. At the same time, the effects of two contingency factors (ownership and political connection) also provide some practical implications to the relevant government departments by: (1) speeding up the market-oriented reform of state-owned enterprises including clarifying the boundaries of authority and responsibility between SOEs and the government, and conducting the de-administration of managers of SOEs; and (2) encouraging firms to focus on market competition and be more socially responsible, instead of speculating with political rents.

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“…Comprehensive research has been carried out over the years both in the developed and developing countries to measure the corporate voluntary disclosures by service and manufacturing companies (Singhvi & Desai, 1971;Buzby, 1974;Kahl & Belkaoui, 1981;Cooke, 1992;Malone et al, 1993;Hossain et al, 1994;Ahmed & Nicholls, 1994;Inchausti, 1997;Brown & Degaan, 1998;Haniffa & Cooke, 2002;Akhtaruddin et al, 2009;Hossain & Hammami, 2009;Mamun & Kamardin, 2014). Depoers (2000) conveyed that the concept of voluntary information has to be defined in relation to the right to information of one or numerous types of stakeholders: 'An item of information is considered as discretionary whenever it goes beyond the compulsory information for shareholders.…”

Section: Voluntary Disclosurementioning

confidence: 99%

Firm- Specific Characteristics and Voluntary Disclosure Reporting: An Empirical Research on Listed Companies of Bangladesh

Rakiv¹

2019

jafas

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Voluntary disclosure is provided in the corporate annual reports by the management of an organization in order to maintain an effective internal control system and a decision useful environment to the investors. This paper envisages the association of volu practices with firm-specific characteristics. A total of 120 companies have been selected for the purpose of the paper both from service and manufacturing sector. For the purpose of the paper, the annual report of the sample companies is gone through several times with skeptic angle using content analysis technique. A Voluntary Disclosure Reporting Index (VDRI) containing 28 themes has been developed and used for the paper. The result of the paper shows that firm-specific characteristics su size of the business, profitability, leverage and age positively affects voluntary disclosure reporting practices and industry type have negative effect in the practice by the companies. Size of the business, profitability, leverage and industry type has significant impact in the voluntary reporting practices by the listed companies of Bangladesh. The voluntary disclosure being non statutory requirements should encompass the socio economic variables and the various demands of the stakeholder group.

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Corporate Voluntary Disclosure Practices of Banks in Bangladesh

Cited by 9 publications

References 20 publications

The impact of corporate governance characteristics on banks’ corporate social responsibility disclosure

The impact of corporate governance characteristics on banks’ corporate social responsibility disclosure

Regional Anti-Corruption and CSR Disclosure in a Transition Economy: The Contingent Effects of Ownership and Political Connection

Firm- Specific Characteristics and Voluntary Disclosure Reporting: An Empirical Research on Listed Companies of Bangladesh

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