Sustainability reporting challenges in developing countries: towards management perceptions research evidence-based practices

Tauringana, Venancio

doi:10.1108/jaee-01-2020-0007

Cited by 39 publications

(72 citation statements)

References 39 publications

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“…Seifert et al, 2004;Surroca et al, 2010;Waddock and Graves, 1997). Despite the recent calls for CSR research in emerging economies (Tauringana, 2020;Uddin et al, 2016), studies investigating CSR expenditure in that setting remain under-Slack resources, free cash flow and CSR 533 investigated. Such lack of attention is significant because in recent years emerging economies (e.g.…”

Section: Introductionmentioning

confidence: 99%

Slack resources, free cash flow and corporate social responsibility expenditure: evidence from an emerging economy

Islam

Ghosh

Khatun

2021

JAEE

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PurposeThe purpose of this study is to investigate whether financial resource allocation decisions for corporate social responsibility (CSR) depends on slack resources and free cash flow.Design/methodology/approachThe study's sample consists of 202 company-year observations from 51 financial institutions over the period 2015–2019. The authors collected CSR data from CSR review reports published by the Central Bank (Bangladesh Bank). The financial and governance data are collected from corporate annual reports and year-end review reports published by the Dhaka Stock Exchange. This study uses both the random-effect and generalized estimating equation models to test the hypotheses.FindingsThe authors establish two key findings consistent with the predictions of slack resource theory and free cash flow theory. First, the authors find a significant and positive relationship between slack resources and CSR expenditure. This result also supports the traditional thinking about corporate giving – that doing well enables doing good. Second, the author show that increases in free cash flow are associated with increases in CSR expenditure. This indicates the presence of agency problems between managers and shareholders regarding CSR expenditure.Originality/valueThis study is the first to show the positive impacts of slack resources and free cash flow on CSR expenditure in an emerging economy characterized by both capital constraints and high salience of CSR expenditure. The study has important implications for regulators, advocacy groups, shareholders and analysts in emerging economies that share similar contextual characteristics.

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Section: Introductionmentioning

confidence: 99%

Slack resources, free cash flow and corporate social responsibility expenditure: evidence from an emerging economy

Islam

Ghosh

Khatun

2021

JAEE

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“…All of these studies were carried out in the context of newly industrialized countries such as Malaysia, Singapore, South Africa, Nigeria, and Uganda. Henceforth, very few studies are available on the CSR practices in developing countries [4]. Basically, in the context of Bangladesh we can see the practice has not been found widely in this country [4].…”

Section: Literature Reviewmentioning

confidence: 96%

“…Henceforth, very few studies are available on the CSR practices in developing countries [4]. Basically, in the context of Bangladesh we can see the practice has not been found widely in this country [4]. In reality, trade union practices are not perceptible in 4560 RMG factories [5].…”

Section: Literature Reviewmentioning

confidence: 98%

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Implementation of Corporate Social Responsibility in the Ready-Made Garment Industry of Bangladesh in Order to Achieve Sustainable Development Goals: A Study on Bangladeshi Garment Manufacturers

Bristi¹,

Rajib²,

Shoukat³

2020

JTST

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The Ready-Made Garment (RMG) sector has played the most momentous role for the economic development of Bangladesh. To achieve the culmination, this labor-intensive industry needs to go through sustainable practices with the adoption of Corporate Social Responsibility (CSR) in its garment manufacturing chain. CSR, being a fast-developing phenomenon in industrial arena, is drawing the attention of world-renowned apparel buyers working with Bangladesh. After a few tragic occurrences, for instance, Rana Plaza collapse & Tazreen Fashion fire, the reputation of the RMG sector of Bangladesh has been somewhat blemished. Presently, this scenario is being changed since a considerable number of Bangladeshi garment producers have adopted CSR practices spending a huge sum of money. This study shows the current status of sustainable development through the implementation of CSR practices in the RMG industry of Bangladesh.

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“…Addressing sustainability reporting is a matter of wide significance because of its implications on sustainable development broadly and achieving SDGs (Tauringana, 2020). Thus far, studies focusing on countries in South Asia have been very limited where sustainability reporting is yet to be adopted systematically (Dissanayake et al , 2020).…”

Section: Contextual Background and Literature Reviewmentioning

confidence: 99%

How do public companies respond to national challenges through sustainability reporting? – The case of Sri Lanka

Dissanayake

Tilt

Qian

2021

QRAM

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Purpose The purpose of this paper is to explore how sustainability reporting is shaped by the global influences and particular national context where businesses operate. Design/methodology/approach The paper uses both content analysis of published sustainability information and semi-structured interviews with corporate managers to explore how sustainability reporting is used to address unique social and environmental challenges in a developing country – Sri Lanka. The use of integrative social contracts theory in investigating sustainability reporting offers novel insights into understanding the drivers for sustainability reporting practices in this particular country. Findings The findings reveal that managers’ perceptions about usefulness of sustainability reporting, local contextual challenges and global norms influence the extent to which companies engage in sustainability reporting and the nature of sustainability information reported. In particular, Sri Lankan company managers strive to undertake sustainability projects that are beneficial not only to their companies but also to the development of the country. However, while company managers in Sri Lanka are keen to undertake sustainability reporting, they face different tensions/expectations between global expectations and local contextual factors when undertaking sustainability projects and reporting. This is also showcased in what is ultimately reported in company annual reports, where some aspects of sustainability, e.g. social, tend to focus more on addressing local concerns whereas other disclosures are on issues that may be relevant across many contexts. Research limitations/implications Important insights for government and other regulatory authorities can be drawn from the findings of this study. By capitalising on the strong sense of moral duty felt by company managers, policymakers can involve the business sector more to mitigate the social and environmental issues prevalent in Sri Lanka. The findings can also be used by other developing countries to enable pathways to engage with the corporate sector to contribute to national development agendas through their sustainability initiatives and projects. Originality/value While the usual understanding of developing country’s company managers is that they try to follow global trends, in Sri Lanka, this research shows how managers are trying to align their responsibilities at a national level with global principles regarding sustainability reporting. Therefore, this paper highlights how both hypernorms and microsocial rules can interact to define how company managers undertake sustainability reporting in a developing country.

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Sustainability reporting challenges in developing countries: towards management perceptions research evidence-based practices

Cited by 39 publications

References 39 publications

Slack resources, free cash flow and corporate social responsibility expenditure: evidence from an emerging economy

Slack resources, free cash flow and corporate social responsibility expenditure: evidence from an emerging economy

Implementation of Corporate Social Responsibility in the Ready-Made Garment Industry of Bangladesh in Order to Achieve Sustainable Development Goals: A Study on Bangladeshi Garment Manufacturers

How do public companies respond to national challenges through sustainability reporting? – The case of Sri Lanka

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