Does corporate social responsibility reporting enhance shareholders’ value? A simultaneous equation approach
Article
Article Title | Does corporate social responsibility reporting enhance shareholders’ value? A simultaneous equation approach |
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ERA Journal ID | 41128 |
Article Category | Article |
Authors | |
Author | Rashid, Afzalur |
Journal Title | Journal of Financial Reporting and Accounting |
Journal Citation | 16 (1), pp. 158-178 |
Number of Pages | 21 |
Year | 2018 |
Place of Publication | United Kingdom |
ISSN | 1985-2517 |
2042-5856 | |
Digital Object Identifier (DOI) | https://doi.org/10.1108/JFRA-10-2016-0084 |
Web Address (URL) | https://www.emerald.com/insight/content/doi/10.1108/JFRA-10-2016-0084/full/html |
Abstract | Purpose – This study aims to examine whether corporate social responsibility (CSR) and relevant reporting enhances firms’ economic performance among the listed firms in Bangladesh. Design/methodology/approach – This study uses a content analysis to examine specific CSR-related attributes from 115 non-financial publicly listed firms in Bangladesh. Firm CSR reporting is evaluated against accounting and market performance measures, with a simultaneous equation approach used to control the potential endogeneity problem. Findings – This study finds that CSR reporting significantly influences firm performance under both performance measures, although a firm’s economic performance does not influence CSR reporting. Research limitations/implications – This study is subject to some limitations, such as the subjectivity or judgement associated in the coding process. Practical implications – The findings imply that although CSR reporting by firms in Bangladesh is discretionary in nature, the ones that report add value to their firm. Originality/value – This study contributes to the literature on the practices of CSR reporting in the context of the developing countries. |
Keywords | performance, CSR, stakeholder theory, content analysis, legitimacy theory, instrumental stakeholder theory |
Contains Sensitive Content | Does not contain sensitive content |
ANZSRC Field of Research 2020 | 350107. Sustainability accounting and reporting |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | School of Commerce |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q590w/does-corporate-social-responsibility-reporting-enhance-shareholders-value-a-simultaneous-equation-approach
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