Institutional shareholding and corporate social responsibility reporting: evidence from Bangladesh

Article

Rashid, Afzalur. 2021. "Institutional shareholding and corporate social responsibility reporting: evidence from Bangladesh." Journal of Asia Business Studies. 15 (1), pp. 153-173. https://doi.org/10.1108/JABS-09-2019-0285
Article Title

Institutional shareholding and corporate social responsibility reporting: evidence from Bangladesh

ERA Journal ID21445
Article CategoryArticle
Authors
AuthorRashid, Afzalur
Journal TitleJournal of Asia Business Studies
Journal Citation15 (1), pp. 153-173
Number of Pages21
Year2021
Place of PublicationUnited Kingdom
ISSN1558-7894
1559-2243
Digital Object Identifier (DOI)https://doi.org/10.1108/JABS-09-2019-0285
Web Address (URL)https://www.emerald.com/insight/content/doi/10.1108/JABS-09-2019-0285/full/html
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.

KeywordsBangladesh, corporate social responsibility, corporate governance, institutional shareholding
Contains Sensitive ContentDoes not contain sensitive content
ANZSRC Field of Research 2020350107. Sustainability accounting and reporting
Public Notes

Files associated with this item cannot be displayed due to copyright restrictions.

Byline AffiliationsSchool of Commerce
Institution of OriginUniversity of Southern Queensland
Permalink -

https://research.usq.edu.au/item/q5y4w/institutional-shareholding-and-corporate-social-responsibility-reporting-evidence-from-bangladesh

Log in to edit
  • 155
    total views
  • 11
    total downloads
  • 2
    views this month
  • 0
    downloads this month

Export as

Related outputs

Does size matter Examining the probability of firm emergence from bankruptcy
Zikri, Miftah, Shams, Syed, Rashid, Afzalur and Krishnamurti, Chandrasekhar. 2024. "Does size matter Examining the probability of firm emergence from bankruptcy." International Review of Finance. https://doi.org/10.1111/irfi.12462
Corporate carbon performance and firm risk: Evidence from Asia-Pacific countries
Al-Fakir, Eltayyeb Al-Fakir, Rashid, Afzalur, Shams, Syed and Bose, Sudipta. 2024. "Corporate carbon performance and firm risk: Evidence from Asia-Pacific countries ." Journal of Contemporary Accounting and Economics. 20 (2). https://doi.org/10.1016/j.jcae.2024.100427
A Systematic Literature Review of Substance-Use Prevention Programs Amongst Refugee Youth
Aleer, Elijah, Alam, Khorshed and Rashid, Afzalur. 2024. "A Systematic Literature Review of Substance-Use Prevention Programs Amongst Refugee Youth." Community Mental Health Journal. 60 (6), pp. 1151-1170. https://doi.org/10.1007/s10597-024-01267-6
Substance Abuse Amongst Refugee Youth: A Scoping Review
Aleer, Elijah, Alam, Khorshed, Rashid, Afzalur, Mohsin, Mohd and Eacersall, Douglas. 2023. "Substance Abuse Amongst Refugee Youth: A Scoping Review." Current Addiction Reports. 10 (3), pp. 594-609. https://doi.org/10.1007/s40429-023-00502-6
Corporate carbon performance and cost of debt: Evidence from Asia-Pacific countries
Al-Fakir Al Rabab'a, Eltayyeb, Rashid, Afzalur and Shams, Syed. 2023. "Corporate carbon performance and cost of debt: Evidence from Asia-Pacific countries." International Review of Financial Analysis. 88, pp. 1-16. https://doi.org/10.1016/j.irfa.2023.102641
The evolution and determinants of corporate social responsibility (CSR) disclosure in a developing country: extent and quality
Soobaroyen, Teerooven, Ramdhony, Dinesh, Rashid, Afzalur and Gow, Jeff. 2023. "The evolution and determinants of corporate social responsibility (CSR) disclosure in a developing country: extent and quality." Journal of Accounting in Emerging Economies. 13 (2), pp. 300-330. https://doi.org/10.1108/JAEE-02-2020-0031
The Influence of Corporate Governance and Corporate Foundations on Corporate Social Responsibility (CSR) Reporting Practices
Ramdhony, Dineshwar, Rashid, Afzalur, Gow, Jeff and Soobaroyen, Teerooven. 2022. "The Influence of Corporate Governance and Corporate Foundations on Corporate Social Responsibility (CSR) Reporting Practices." Journal of African Business. 23 (3), pp. 816-832. https://doi.org/10.1080/15228916.2021.1952521
Carbon disclosure, carbon performance and financial performance: international evidence
Siddique, Md Abubakar, Akhtaruzzaman, Md, Rashid, Afzalur and Hammami, Helmi. 2021. "Carbon disclosure, carbon performance and financial performance: international evidence." International Review of Financial Analysis. 75, pp. 1-15. https://doi.org/10.1016/j.irfa.2021.101734
Do gender-diverse boards over-invest in corporate social responsibility (CSR)?
Ramdhony, Dinesh, Rashid, Afzalur and Gow, Jeff. 2021. "Do gender-diverse boards over-invest in corporate social responsibility (CSR)?" Gender, Technology and Development. 25 (1), pp. 43-67. https://doi.org/10.1080/09718524.2021.1880038
Board independence and corporate social responsibility reporting: mediating role of stakeholder power
Rashid, Afzalur. 2021. "Board independence and corporate social responsibility reporting: mediating role of stakeholder power." Management Research Review: Communication of emergent international management research. 44 (8), pp. 1217-1240. https://doi.org/10.1108/MRR-09-2020-0590
The Hayne Royal Commission and the financial planning advice: A review of the impact on the operating model of financial advice firms
Abu-Taleb, Mohammad, Rashid, Afzalur and Shams, Syed. 2021. "The Hayne Royal Commission and the financial planning advice: A review of the impact on the operating model of financial advice firms." Financial Planning Research Journal. 6 (1), pp. 74-85.
Corporate social responsibility reporting: meeting stakeholders expectations or efficient allocation of resources?
Rashid, Afzalur. 2021. "Corporate social responsibility reporting: meeting stakeholders expectations or efficient allocation of resources?" International Journal of Accounting and Information Management. 29 (2), pp. 280-304. https://doi.org/10.1108/IJAIM-09-2020-0150
CEO power and corporate social responsibility (CSR) disclosure: does stakeholder influence matter?
Rashid, Afzalur, Shams, Syed, Bose, Sudipta and Khan, Habib. 2020. "CEO power and corporate social responsibility (CSR) disclosure: does stakeholder influence matter?" Managerial Auditing Journal. 35 (9), pp. 1279-1312. https://doi.org/10.1108/MAJ-11-2019-2463
What drives green banking disclosure? An institutional and corporate governance perspective
Bose, Sudipta, Khan, Habib Zaman, Rashid, Afzalur and Islam, Shajul. 2018. "What drives green banking disclosure? An institutional and corporate governance perspective." Asia Pacific Journal of Management. 35 (2), pp. 501-527. https://doi.org/10.1007/s10490-017-9528-x
The influence of corporate governance practices on corporate social responsibility reporting
Rashid, Afzalur. 2018. "The influence of corporate governance practices on corporate social responsibility reporting." Social Responsibility Journal. 14 (1), pp. 20-39. https://doi.org/10.1108/SRJ-05-2016-0080
Does corporate social responsibility reporting enhance shareholders’ value? A simultaneous equation approach
Rashid, Afzalur. 2018. "Does corporate social responsibility reporting enhance shareholders’ value? A simultaneous equation approach." Journal of Financial Reporting and Accounting. 16 (1), pp. 158-178. https://doi.org/10.1108/JFRA-10-2016-0084
Corporate board gender diversity and corporate social responsibility reporting in Malaysia
Binti Ju Ahmad, Nurulyasmin, Rashid, Afzalur and Gow, Jeff. 2018. "Corporate board gender diversity and corporate social responsibility reporting in Malaysia." Gender, Technology and Development. 22 (2), pp. 87-108. https://doi.org/10.1080/09718524.2018.1496671
Board independence and firm performance: evidence from Bangladesh
Rashid, Afzalur. 2018. "Board independence and firm performance: evidence from Bangladesh." Future Business Journal. 4, pp. 34-49. https://doi.org/10.1016/j.fbj.2017.11.003
Board Independence and Corporate Social Responsibility (CSR) Reporting in Malaysia
Binti Ju Ahmad, Nurulyasmin, Rashid, Afzalur and Gow, Jeff. 2017. "Board Independence and Corporate Social Responsibility (CSR) Reporting in Malaysia." Australasian Accounting Business and Finance Journal. 11 (2), pp. 61-85. https://doi.org/10.14453/aabfj.v11i2.5
Firm characteristics and compliance with IAS/IFRS: Evidence from North African companies
Alnaas, Ali and Rashid, Afzalur. 2019. "Firm characteristics and compliance with IAS/IFRS: Evidence from North African companies." Journal of Financial Reporting and Accounting. 17 (3), pp. 383-410. https://doi.org/10.1108/JFRA-06-2018-0052
Board meeting frequency and corporate social responsibility (CSR) reporting: evidence from Malaysia
Binti Ju Ahmad, Nurulyasmin, Rashid, Afzalur and Gow, Jeff. 2017. "Board meeting frequency and corporate social responsibility (CSR) reporting: evidence from Malaysia." Corporate Board: role, duties and composition. 13 (1-1), pp. 87-99. https://doi.org/10.22495/cbv13i1c1art3
Renewable and non-renewable energy use and its relationship with economic growth in Myanmar
Ahmed, Shakoor, Alam, Khorshed, Sohag, Kazi, Gow, Jeff, Rashid, Afzalur and Akter, Mohsina. 2019. "Renewable and non-renewable energy use and its relationship with economic growth in Myanmar." Environmental Science and Pollution Research. 26 (22), pp. 22812-22825. https://doi.org/10.1007/s11356-019-05491-6
Militarisation, energy consumption, CO2 emissions and economic growth in Myanmar
Ahmed, Shakoor, Alam, Khorshed, Rashid, Afzalur and Gow, Jeff. 2020. "Militarisation, energy consumption, CO2 emissions and economic growth in Myanmar." Defence and Peace Economics. 31 (6), pp. 615-641. https://doi.org/10.1080/10242694.2018.1560566
Managerial ownership and agency cost: evidence from Bangladesh
Rashid, Afzalur. 2016. "Managerial ownership and agency cost: evidence from Bangladesh." Journal of Business Ethics. 137 (3), pp. 609-621. https://doi.org/10.1007/s10551-015-2570-z
The influence of ownership structures and board practices on corporate social disclosures in a developing country
Rashid, Afzalur and Lodh, Sudhir. 2008. "The influence of ownership structures and board practices on corporate social disclosures in a developing country." British Accounting Association Annual Conference (2008). London, United Kingdom 15 - 16 Sep 2008
CEO duality and corporate social responsibility reporting: evidence from Malaysia
Binti Ju Ahmad, Nurulyasmin, Rashid, Afzalur and Gow, Jeff. 2017. "CEO duality and corporate social responsibility reporting: evidence from Malaysia." Corporate Ownership and Control. 14 (2), pp. 69-81. https://doi.org/10.22495/cocv14i2art7
The influence of corporate governance reforms and firm performance: evidence from emerging economics
Hossain, Amzad and Rashid, Afzalur. 2009. "The influence of corporate governance reforms and firm performance: evidence from emerging economics." American Canadian Conference for Academic Disciplines 2009. Toronto, Canada 25 - 28 May 2009 Canada.
Revisiting agency theory: evidence of board independence and agency cost from Bangladesh
Rashid, Afzalur. 2015. "Revisiting agency theory: evidence of board independence and agency cost from Bangladesh." Journal of Business Ethics. 130 (1), pp. 181-198. https://doi.org/10.1007/s10551-014-2211-y
The influence of stakeholder power on corporate social responsibility: evidence from a relationship-based economy
Rashid, Afzalur. 2015. "The influence of stakeholder power on corporate social responsibility: evidence from a relationship-based economy." Social Responsibility Journal. 11 (2), pp. 270-289. https://doi.org/10.1108/SRJ-09-2013-0109
Corporate intellectual capital reporting in Bangladesh
Rashid, Afzalur. 2013. "Corporate intellectual capital reporting in Bangladesh." International Journal of Learning and Intellectual Capital. 10 (2), pp. 107-121. https://doi.org/10.1504/IJLIC.2013.052909
Corporate governance, executive pay and firm performance: evidence from Bangladesh
Rashid, Afzalur. 2013. "Corporate governance, executive pay and firm performance: evidence from Bangladesh." International Journal of Management. 30 (2), pp. 556-575.
CEO duality and agency cost: evidence from Bangladesh
Rashid, Afzalur. 2013. "CEO duality and agency cost: evidence from Bangladesh." Journal of Management and Governance. 17 (4), pp. 989-1008. https://doi.org/10.1007/s10997-012-9213-x
Corporate governance, ownership structure and firm performance: evidence from an emerging economy
Rashid, Afzalur. 2012. "Corporate governance, ownership structure and firm performance: evidence from an emerging economy." Corporate Ownership and Control. 9 (4), pp. 441-455.
Reply to 'Response: board composition and firm performance: evidence from Bangladesh - a sceptical view'
Rashid, Afzalur, De Zoysa, Anura, Lodh, Sudhir and Rudkin, Kathy. 2012. "Reply to 'Response: board composition and firm performance: evidence from Bangladesh - a sceptical view'." Australasian Accounting Business and Finance Journal. 6 (3), pp. 121-131.
Corporate governance in Bangladesh: a quest for the accountability or legitimacy crisis?
Rashid, Afzalur. 2011. "Corporate governance in Bangladesh: a quest for the accountability or legitimacy crisis?" Devi, S. Susela and Hooper, Keith (ed.) Accounting in Asia. United Kingdom. Emerald. pp. 1-34
Largest blockholding and firm performance: evidence from an emerging economy
Rashid, Afzalur. 2011. "Largest blockholding and firm performance: evidence from an emerging economy." International Research Journal of Finance and Economics.
Board composition, board leadership structure and firm performance: evidence from Bangladesh
Rashid, Afzalur. 2009. "Board composition, board leadership structure and firm performance: evidence from Bangladesh." Segel, Naomi (ed.) 2009 Accounting and Finance Association of Australia and New Zealand Conference (2009 AFAANZ). Adelaide, Australia 05 - 07 Jul 2010 Melbourne, Australia. Accounting & Finance Association of Australia and New Zealand.
Corporate capital structure and firm performance: evidence from Bangladesh
Rashid, Afzalur and Hoque, Ariful. 2011. "Corporate capital structure and firm performance: evidence from Bangladesh." Academy of Taiwan Business Management Review. 7 (2), pp. 59-72.
Corporate capital structure and firm performance: evidence from a developing country
Rashid, Afzalur. 2008. "Corporate capital structure and firm performance: evidence from a developing country." American Accounting Association Annual Meeting 2008. Anaheim, United States 03 - 06 Aug 2008
Corporate governance in Bangladesh: an overview
Rashid, Afzalur, De Zoysa, Anura and Rudkin, Kathy. 2007. "Corporate governance in Bangladesh: an overview." 19th Asian-Pacific Conference on International Accounting Issues. Kuala Lumpur, Malaysia 11 - 13 Nov 2007 Fresno, CA, United States.
Board leadership structure and firm performance: an examination of resource dependence role
Rashid, Afzalur. 2011. "Board leadership structure and firm performance: an examination of resource dependence role." Corporate Board: role, duties and composition. 7 (1), pp. 7-23.
CEO duality and firm performance: evidence from a developing country
Rashid, Afzalur. 2010. "CEO duality and firm performance: evidence from a developing country." Corporate Ownership and Control. 8 (1), pp. 163-175.
The influence of ownership structures and board practices on corporate social disclosures in Bangladesh
Rashid, Afzalur and Lodh, Sudhir. 2009. "The influence of ownership structures and board practices on corporate social disclosures in Bangladesh." Tsamenyi, Matthew and Uddin, Shahzad (ed.) Research in accounting in emerging economies. Bingley, United Kingdom. Emerald. pp. 211-237
Dividend policy and stock price volatility: evidence from Bangladesh
Rashid, Afzalur and Rahman, A. Z. M. Anisur. 2008. "Dividend policy and stock price volatility: evidence from Bangladesh." Journal of Applied Business and Economics. 8 (4), pp. 71-81.
Corporate intellectual capital disclosure in a non-mandatory disclosure regime
Rashid, Afzalur. 2010. "Corporate intellectual capital disclosure in a non-mandatory disclosure regime." Guthrie, James (ed.) 6th Asia Pacific Interdisciplinary Research in Accounting Conference (APIRA 2010). Sydney, Australia 12 - 13 Jul 2010 Sydney, Australia.
Board composition and firm performance: evidence from Bangladesh
Rashid, Afzalur, De Zoysa, Anura, Lodh, Sudhir and Rudkin, Kathy. 2010. "Board composition and firm performance: evidence from Bangladesh." Australasian Accounting Business and Finance Journal. 4 (1), pp. 76-95.