Institutional shareholding and corporate social responsibility reporting: evidence from Bangladesh

Rashid, Afzalur (2021) Institutional shareholding and corporate social responsibility reporting: evidence from Bangladesh. Journal of Asia Business Studies, 15 (1). pp. 153-173. ISSN 1558-7894


Abstract

Purpose – This study aims to examine the influence of institutional shareholding on a firm’s corporate social responsibility (CSR) practices in Bangladesh.

Design/methodology/approach – This study uses a content analysis to capture a firm’s CSR practices, based on various attributes of social and environmental reporting made by the firm. Based on these attributes, a corporate social responsibility reporting index (CSRI) is constructed. To examine the causal relationship between institutional shareholding and firm CSR practices, this study uses a simultaneous equations approach to control the endogeneity problem.

Findings – The finding of this study is that both CSR reporting and institutional shareholding negatively influence each other.

Research limitations/implications – This study is subject to some limitations such as the subjectivity or judgement associated in the coding process.

Practical implications – If the institutional investors are not concerned with its environmental and societal issues, there will be a sustainability issue for the business because companies will continue ignoring the employee health and hygiene, education, training and welfare. Their ignorance of these societal issues will lead to compromising the quality of living for important stakeholders within the society.

Originality/value – This study contributes the literature on CSR reporting.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: Historic - Faculty of Business, Education, Law and Arts - School of Commerce (1 Jul 2013 - 17 Jan 2021)
Faculty/School / Institute/Centre: Historic - Faculty of Business, Education, Law and Arts - School of Commerce (1 Jul 2013 - 17 Jan 2021)
Date Deposited: 23 Sep 2020 05:54
Last Modified: 22 Apr 2021 05:33
Uncontrolled Keywords: Bangladesh, corporate social responsibility, corporate governance, institutional shareholding
Fields of Research (2008): 15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150106 Sustainability Accounting and Reporting
Fields of Research (2020): 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3501 Accounting, auditing and accountability > 350107 Sustainability accounting and reporting
Identification Number or DOI: https://doi.org/10.1108/JABS-09-2019-0285
URI: http://eprints.usq.edu.au/id/eprint/39638

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