Corporate Social, Environmental, and Governance Reporting and Firm's Characteristics

The study aimed to explore the social, environmental and governance (SEG) reporting practices of Banking sector of Bangladesh. In conducting the study, the longitudinal data has been used over the period 2000-2015 taking all the 30listed private commercial banks in Dhaka Stock Exchange Limited. Three separate reporting index for social, environmental and governance have been developed to measure reporting practices using the dichotomous method from the published annual reports of banks. The analysis found that corporate social, environmental and governance reporting has been increased over the study period. The statistical measure showed that social, governance and environmental reporting were made 46%, 49% and 1% respectively over the period while total SEGwas 39% over the period. The econometrics models using fixed effects showed that corporate profitability, size, age and leverage have positive impact on SEG reporting. The main cause of low SEG reporting could be due to the insufficient laws and framework of SEG reporting.

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Corporate Social, Environmental, and Governance Reporting and Firm's Characteristics

Advances in Human Resources Management and Organizational Development - Management Strategies and Technology Fluidity in the Asian Business Sector ◽

10.4018/978-1-5225-4056-4.ch009 ◽

2018 ◽

pp. 139-162

Author(s):

Md. Nazrul Islam ◽

Mohammad Ashraful Ferdous Chowdhury ◽

Mehedi Hasan Tuhin ◽

Md. Masud Sarker

Keyword(s):

Fixed Effects ◽

Banking Sector ◽

Positive Impact ◽

Stock Exchange ◽

Annual Reports ◽

Environmental Reporting ◽

Reporting Practices ◽

The Social ◽

Social Environmental ◽

Corporate Social

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Firm Performance and Corporate Social Environmental Initiatives in the Wake of a Health Pandemic

International Journal of Financial Research ◽

10.5430/ijfr.v11n6p211 ◽

2020 ◽

Vol 11 (6) ◽

pp. 211

Author(s):

Osereme Omoike ◽

Uwalomwa Uwuigbe ◽

Philip Alege ◽

Bukola Uwuigbe ◽

Osazuwa Peter Nosakhare ◽

...

Keyword(s):

Comparative Analysis ◽

Stock Exchange ◽

World Health Organisation ◽

Share Price ◽

World Health ◽

Environmental Reporting ◽

Significant Drop ◽

Listed Firms ◽

Social Environmental ◽

Corporate Social

The study re-examines the relationship between firm share price performance and Corporate Social Environmental Reporting (CSER) initiatives in the wake of a global health pandemic. A comparative analysis was done between the contributions made by listed and non-listed firms in Nigeria towards the pandemic. A comparative analysis of the share price (SP) of listed companies was carried out before the announcement of the pandemic, after the announcement of the pandemic and COVID -19 contributions. A panel regression analysis was conducted. It involved a sample of 70 listed firms in the Nigerian Stock Exchange over a five-year period (2013-2017). The comparative analysis of contributions revealed that listed firms though fewer in number made significantly more contributions than unlisted firms. The study found significant drop in SP after the announcement of a pandemic by the World Health Organisation (WHO). The study also found that SP performance and firm size has a positive and significant relationship with CSER initiatives. The analysis of contributors from listed and non- listed firms in Nigeria towards COVID-19 reveal that only corporate organizations with adequate resource slack can make significant contributions to curtail the spread of the epidemic. The study recommends that corporate organizations should pursue financial capacity in other to make significant CSER investments and expect a change in societal demands and stakeholder expectations in the no distant future.

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The Impact of Corporate Social Responsibility on the Financial Performance of Listed Companies in Thailand

Sustainability ◽

10.3390/su13168920 ◽

2021 ◽

Vol 13 (16) ◽

pp. 8920

Author(s):

Muttanachai Suttipun ◽

Pankaewta Lakkanawanit ◽

Trairong Swatdikun ◽

Wilawan Dungtripop

Keyword(s):

Financial Performance ◽

Negative Impact ◽

Positive Impact ◽

Stock Exchange ◽

Panel Data Analysis ◽

Descriptive Analysis ◽

Listed Companies ◽

Annual Reports ◽

Corporate Social ◽

The Impact

This study aims to: (1) investigate the amount of corporate social and environmental responsibility (CSR) spending, awards, and activities of listed companies in the Stock Exchange of Thailand (SET) and in the Market for Alternative Investment (MAI); (2) test the impact of CSR spending, awards, and financial performance activities; and (3) examine the amount of CSR spending, awards, and activities between companies with and without a CSR committee. The sample included all the listed companies in the resource industry from the SET and the MAI. The data were collected from the companies’ annual reports from 2015 to 2019. Descriptive analysis, an independent-sample t-test, a correlation matrix, and an unbalanced panel data analysis were used to analyze the data. The average level of spending per activity was 2.2964 million baht. There were, on average, 2.1741 awards and 11.4178 activities during the studied period. Moreover, there was a significant negative impact of CSR spending, and a positive impact of CSR awards and activities, on corporate financial performance. Finally, there was a significantly different amount of CSR spending, awards, and activities between the companies with and without a CSR committee. The findings of this study demonstrate that legitimacy theory can be used to explain the benefit of CSR to Thai-listed companies, although CSR is still a voluntary corporate responsibility in Thailand.

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Achieving Financial Sustainability in Ghana’s Banking Sector: Is Environmental, Social and Governance Reporting Contributive?

Global Business Review ◽

10.1177/09721509211044300 ◽

2021 ◽

pp. 097215092110443

Author(s):

Haruna Maama

Keyword(s):

Banking Sector ◽

Annual Reports ◽

Financial Sustainability ◽

Environmental Reporting ◽

Return On Assets ◽

Reporting Practices ◽

Net Interest Margin ◽

Content Analysis Method ◽

Negative Impacts ◽

The Impact

Despite banks not having any significant direct negative impacts on the environment and society, they adopt environmental, social and governance (ESG) accounting. Meanwhile, ESG reporting consumes additional resources and exposes firms’ strategies to competitors. The study employed a legitimacy theory to investigate the impact of ESG reporting on the financial sustainability of banks in Ghana. The study relied on 10 years of annual reports of all the banks in Ghana. The banks’ ESG reporting practices were assessed based on a content analysis method. The financial sustainability was measured based on return on assets (ROA) and net interest margin (NIM). Evidence showed that environmental reporting (ERI) impacted the banks’ NIM and ROA inversely and significantly, whilst governance reporting had a positive but insignificant relationship with NIM and ROA. The result further demonstrated that social reporting (SRI) impacted NIM and ROA positively and significantly. The overall ESG reporting had a negative and significant relationship with the banks’ financial sustainability. Hence, the ESG reporting did not improve the financial sustainability of banks, and banks in Ghana have less of an incentive to report on ESG as opposed to banks in other countries, where such reporting generally makes financial sense.

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A survey of the extent of corporate social disclosure: the case of banking companies in India

Corporate Ownership and Control ◽

10.22495/cocv5i4c4p4 ◽

2008 ◽

Vol 5 (4) ◽

pp. 452-458

Author(s):

Mohammed Hossain ◽

Mohmood Ahmed Momin

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Human Resource Development ◽

Business Strategy ◽

Banking Sector ◽

Stock Exchange ◽

Corporate Citizenship ◽

Community Services ◽

Annual Reports ◽

Corporate Social

The study provides the level of corporate social responsibility disclosure of the Indian banking sector. Corporate citizenship is the business strategy that shapes the values underpinning a company’s mission and the choices made each day by its executives, managers and employees as they engage with society. The bank in the society plays not an important role in any country but also behave a good citizen. Within this framework we investigated 38 banks listed on the Mumbai Stock Exchange and considered only annual report for the year 2002-03. The result shows that Indian banks are disclosing considerable amount of social information in the annual reports. The study also reveals that almost 90per cent of sample banks disclose human resource development, staff training and social/community services information. The study at least has given a scenario of the position of corporate social responsibility in Indian and especially in banking sector which is practicing as a voluntarily and acted as corporate citizen. However, more in-depth study is needed to the financial sector in the developing countries in order to understand the status of the corporate social responsibility in the world as a whole

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Corporate social responsibility: Internet social and environmental reporting by banks

Meditari Accountancy Research ◽

10.1108/medar-10-2016-0082 ◽

2017 ◽

Vol 25 (3) ◽

pp. 414-446 ◽

Cited By ~ 9

Author(s):

Sandra Khalil ◽

Patrick O’sullivan

Keyword(s):

Corporate Social Responsibility ◽

Middle East ◽

Social Responsibility ◽

Banking Sector ◽

Positive Impact ◽

Middle Eastern ◽

Environmental Reporting ◽

Content Type ◽

Social And Environmental Reporting ◽

Corporate Social

Purpose The purpose of this paper is to provide further insight into internet social and environmental reporting (ISER) in the Middle East by investigating the ISER of Lebanese banks as well as their greenwashing behaviour and identifying its extent, quality and association with different variables such as profitability, size, religion and other variables. Design/methodology/approach This study adopted a mixed methodology. Interviews were conducted to seek the opinions of banks towards corporate social responsibility (CSR). Content analysis of bank’s websites was used to examine the extent, quality and association of ISER with several bank characteristics. Findings The results show the prevalent use of ISER and greenwashing by Lebanese banks. The most disclosed category of ISER is community, whereas the least disclosed is environment. The study found a positive association between ISER and bank profitability, size, leverage and ownership concentration and an insignificant relationship with age and religion. Research limitations/implications The authors recognise that the sample is small and addresses a single context and that it could have been expanded to other Middle Eastern contexts. However, the study is exploratory focusing on the Lebanese banking sector which is one of the most developed in the region. Further longitudinal studies could also be conducted to complement the work. The process used to measure greenwashing could be enhanced by addressing the materiality of CSR disclosures to stakeholders and the purpose of communicating CSR information. Practical implications In light of the empirical findings, banks will gain a better understanding of the status and importance of ISER and will understand the risks of greenwashing leading them towards higher standard ISER and more ethical activities, which will have a positive impact on the Lebanese economy and society. Originality/value This study examines almost all aspects of online social and environmental disclosures including the webpage, CSR sections in addition to online published reports; it is an investigation about ISER with reference to Lebanon which has perhaps the most significant banking sector in the Middle East. It tackles the greenwashing issue in a new context and in a different way by examining its association with several variables. The study also investigates the association between religion and ISER which has seldom been tackled in similar studies.

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Do stakeholders or social obligations drive corporate social and environmental responsibility reporting? Managerial views from a developing country

Qualitative Research in Accounting & Management ◽

10.1108/qram-10-2014-0061 ◽

2015 ◽

Vol 12 (3) ◽

pp. 287-314 ◽

Cited By ~ 12

Author(s):

Md Moazzem Hossain ◽

Manzurul Alam ◽

Muhammad Azizul Islam ◽

Angela Hecimovic

Keyword(s):

Developing Countries ◽

Developing Country ◽

Stock Exchange ◽

Annual Reports ◽

Environmental Responsibility ◽

Structured Interviews ◽

Senior Managers ◽

Content Type ◽

Reporting Practices ◽

Corporate Social

Purpose – The purpose of this study is to explore senior managers’ perception and motivations of corporate social and environmental responsibility (CSER) reporting in the context of a developing country, Bangladesh. Design/methodology/approach – In-depth semi-structured interviews were conducted with 25 senior managers of companies listed on the Dhaka Stock Exchange. Publicly available annual reports of these companies were also analysed. Findings – The results indicate that senior managers perceive CSER reporting as a social obligation. The study finds that the managers focus mostly on child labour, human resources/rights, responsible products/services, health education, sports and community engagement activities as part of the social obligations. Interviewees identify a lack of a regulatory framework along with socio-cultural and religious factors as contributing to the low level of disclosures. These findings suggest that CSER reporting is not merely stakeholder-driven, but rather country-specific social and environmental issues play an important role in relation to CSER reporting practices. Research limitations/implications – This paper contributes to engagement-based studies by focussing on CSER reporting practices in developing countries and are useful for academics, practitioners and policymakers in understanding the reasons behind CSER reporting in developing countries. Originality/value – This paper addresses a literature “gap” in the empirical study of CSER reporting in a developing country, such as Bangladesh. This study fills a gap in the existing literature to understand managers’ motivations for CSER reporting in a developing country context. Managerial perceptions on CSER issues are largely unexplored in developing countries.

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Environmental Reporting Practices of Top Public Listed Companies: Analyzing Pre-Post Corporate Social Responsibility Framework

Indonesian Journal of Sustainability Accounting and Management ◽

10.28992/ijsam.v2i1.48 ◽

2018 ◽

Vol 2 (1) ◽

pp. 50

Author(s):

Haslinda Yusoff ◽

Siti Hazwani Kamaruddin ◽

Erlane K. Ghani

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Listed Companies ◽

Influential Factor ◽

Annual Reports ◽

Environmental Reporting ◽

Reporting Practices ◽

Before And After ◽

Corporate Social ◽

Post Period

This study examines the environmental reporting practices of the top public listed companies in Malaysia, before and after the introduction of the Corporate Social Responsibility Framework. Specifically, this study examines the level of extensiveness of environmental disclosures among the top public listed companies. In addition, this study identifies the factors that influence the environmental reporting practices of the top public listed companies. The factors examined in this study include industry sector, ISO certification, size and profitability. Using content analysis on the corporate annual reports of 50 top publicly listed companies, this study shows that greater environmental reporting practices was found in the post-period of the framework. This study also shows that the factors influencing environmental reporting practices among the top public listed companies vary between the pre-period and the post-period. The findings of this study implicate that regulatory initiatives represent an influential factor in promoting environmental accountability via reporting practices among the companies in Malaysia.

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Corporate Social and Environmental Strategy and Reporting in Indonesian Plantation Industry

Indonesian Journal of Sustainability Accounting and Management ◽

10.28992/ijsam.v3i1.80 ◽

2019 ◽

Vol 3 (1) ◽

pp. 84 ◽

Cited By ~ 1

Author(s):

Intan Belinda Lestari ◽

Noradiva Hamzah ◽

Ruhanita Maelah

Keyword(s):

Stock Exchange ◽

Corporate Image ◽

Environmental Strategy ◽

Structured Interviews ◽

Environmental Reporting ◽

Study Approach ◽

The Social ◽

Negative Impacts ◽

Social And Environmental Reporting ◽

Corporate Social

This study aims to investigate how corporate social and environmental strategy can contribute to corporate social and environmental reporting (CSER) in the plantation industry in Indonesia. This study employed a case study approach by using semi–structured interviews to collect data from Indonesian plantation companies listed in the Indonesia Stock Exchange (IDX) and state–owned plantation companies that included CSER in their annual report. The motivation of CSER implementation in Indonesian plantation companies was influenced by proactive and reactive strategies. The corporate social and environmental strategy of proactive principles would publish CSER due to the social discretion beyond the regulatory requirements or pressure of certain stakeholders, and prior to any negative information being received by the public. Moreover, the corporate social and environmental strategy of reactive principles would also publish CSER to meet stakeholders’ needs and demands, obtain good corporate image and reputation, and avoid negative impacts (e.g., harm, hazards, mishap, complaints, etc.). Therefore, corporate social and environmental strategy can contribute to CSER depending on whether the company has proactive or reactive principles. This research contributes to the knowledge of social accounting literature in which CSER practices can be influenced by corporate social and environmental strategy.

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Social accounting & social responsibility reporting in the Jordanian industrial companies listed in Amman stock exchange market

Ekonomski pregled ◽

10.32910/ep.69.4.6 ◽

2018 ◽

Vol 69 (4) ◽

pp. 459-471

Author(s):

Zaid AL-Hawatmah ◽

Osama Samih Shaban

Keyword(s):

Social Responsibility ◽

Stock Exchange ◽

Annual Reports ◽

Social Accounting ◽

Reporting Practices ◽

Industrial Companies ◽

Corporate Social Responsibility Report ◽

Amman Stock Exchange ◽

Accounting Reports ◽

Corporate Social

This study examines practice of social accounting and the reporting of social responsibility in the industrial Jordanian companies listed in Amman Stock Exchange. As operations of industrial companies have significant impact on the society, they should be accountable to the environment, and members of societies in which they operate. The method adopted to figure out the state of current social accounting and reporting practices was carried out by analyzing the annual reports of 30 randomly selected Jordanian industrial companies for the year 2016. The study found that 73% of industrial companies in Jordan are disclosing their activities of social responsibility in the annual reports. This study also found that 50% of these companies use the director’s reports as the main outlet for disclosing their activities related to social responsibility, 36% companies use the corporate social responsibility report and finally 14% are use the notes or schedule to financial statement to inform general people about their commitment to social responsibility. The study recommended that as there are many types and techniques of reporting, the Jordanian securities commission, as a government regulatory entity, should work on establishing uniformity for disclosing social accounting reports, and the outlet for such disclosure should be clearly specified.

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