Ownership Structure and Corporate Social Responsibility Disclosure in Bangladesh

Authors

  • Mohammad Abu Sufian Pabna University of Science and Technology, Pabna, Bangladesh
  • Muslima Zahan Pabna University of Science and Technology, Pabna, Bangladesh

Abstract

The quest of this research paper is to look into the association between corporate ownership structure variables and corporate social responsibility disclosure (CSRD). Seventy annual reports for the year 2010 of non financial companies with listed Dhaka Stock Exchange in Bangladesh have been considered as sample to find the empirical result of this study. The study reveals that the mean score of CSRD is 6.41 and 75 percent sample companies disclose seven items voluntarily which is 16 percent and 20 percent of total disclose-able items respectively. In general, companies have not responded enough to disclose CSR items in the annual reports. The multivariate analysis of this study shows that the ownership concentration of firm has a positive association with CSRD. But this study does not find any association of other variables of ownership structure such as number of shareholders, foreign ownership and board size on CSRD. It is expected that the contribution of this research work will be acknowledged by potential and present investors, stakeholders, policy makers, potential researchers and regulatory bodies of the country.

Keywords: Corporate governance; ownership concentration; voluntary disclosure; outside ownership

JEL Classifications: G32; G34; M14

Downloads

Download data is not yet available.

Author Biographies

Mohammad Abu Sufian, Pabna University of Science and Technology, Pabna, Bangladesh

Assistant Professor in AccountingDepartment of Business Administration

Muslima Zahan, Pabna University of Science and Technology, Pabna, Bangladesh

Lecturer, Department of Business Administration

Downloads

Published

2013-09-26

How to Cite

Sufian, M. A., & Zahan, M. (2013). Ownership Structure and Corporate Social Responsibility Disclosure in Bangladesh. International Journal of Economics and Financial Issues, 3(4), 901–909. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/569

Issue

Section

Articles