| < Précédent | Suivant > |
|---|
Abstract
We examine the relationship between corporate governance and the extent of corporate social responsibility (CSR) disclosures
in the annual reports of Bangladeshi companies. A legitimacy theory framework is adopted to understand the extent to which
corporate governance characteristics, such as managerial ownership, public ownership, foreign ownership, board independence,
CEO duality and presence of audit committee influence organisational response to various stakeholder groups. Our results suggest
that although CSR disclosures generally have a negative association with managerial ownership, such relationship becomes significant
and positive for export-oriented industries. We also find public ownership, foreign ownership, board independence and presence
of audit committee to have positive significant impacts on CSR disclosures. However, we fail to find any significant impact
of CEO duality. Thus, our results suggest that pressures exerted by external stakeholder groups and corporate governance mechanisms
involving independent outsiders may allay some concerns relating to family influence on CSR disclosure practices. Overall,
our study implies that corporate governance attributes play a vital role in ensuring organisational legitimacy through CSR
disclosures. The findings of our study should be of interest to regulators and policy makers in countries which share similar
corporate ownership and regulatory structures.
- Content Type Journal Article
- Pages 1-17
- DOI 10.1007/s10551-012-1336-0
- Authors
- Arifur Khan, School of Accounting, Economics and Finance, Deakin University, 221 Burwood Highway, Burwood, VIC 3125, Australia
- Mohammad Badrul Muttakin, School of Accounting, Economics and Finance, Deakin University, 221 Burwood Highway, Burwood, VIC 3125, Australia
- Javed Siddiqui, Manchester Business School, University of Manchester, Manchester, UK
- Journal Journal of Business Ethics
- Online ISSN 1573-0697
- Print ISSN 0167-4544








