Corporate Governance and CSR Disclosures: Evidence from the Banking Sector in Bangladesh (Published)
This paper focuses on the predictive effect of corporate governance (CG) on banks’ CSR disclosures. In this predictive model, we use archival data of the Bangladeshi banking sector. In this analysis, we used 11 years of CSR, corporate governance and other financial data for 30 banks from Bangladesh. We used a checklist of 60 distinct CSR items to evaluate the CSR performance. We have used random-effect and fixed-effect regression models to examine the impact of different CG elements on CSR disclosures. The study demonstrates that managerial ownership, independent directors, and control variables such as bank size, leverage, age, and bank type significantly affect CSR disclosure. Conversely, board size, female directors, and control variable ROA have been found insignificant. Aligned with legitimacy and political cost theories, owner-managed banking businesses perform more CSR activities. Independent directors in Bangladeshi banks ensure good governance and a lower level of interference with the management. Large banks in Bangladesh are more capable of participating in diversified CSR activities. As a result, they report more CSR activities than smaller banks. Higher leveraged and conventional banks report more CSR to give confidence to their shareholders. Whereas newer banks disclose more CSR to attract new clients. The outcome of the paper adds to the CSR literature by investigating empirical information based on archival data on the influence of CG elements on the CSR activities of a transitional economy’s banking sector.
Keywords: Agency Theory, Bangladesh, CSR Disclosure, Corporate Governance, Legitimacy theory
The Role of Accounting Thought in the Evolution of Management Accounting: Where are we really (Published)
The dearth of the reasoning stage in the scrutiny of evolution of management accounting thought creates a serious gap in this classic topic in management accounting literature. Liberalization of the advance economies in early 1800 increased the intensity of international competition and changed in the internal information needs of corporations’ managers. This study explores the evolution of a broad range of management accounting practices but focused on management control systems, using theoretical frameworks. The ultimate purpose of this paper is to explain how management accounting (MA) evolved and current state of the main theories behind management accounting so as to guide researchers and advance further business scholars. In addition to identifying the management accounting theoretical development, the study identifies the main criticisms of these theories, thus creating a ground for prospective enquiry. The differences in management accounting practices are examined in relation with corporations and academic experiences. The study finds evidence of change in management accounting practices and development is associated with shift in external environment. The study show that accounting though and events of the last two decades have spurred development of managerial accounting. Additionally, MA it is becoming widely recognized as a field of expertise separate from financial accounting. And that the number management accounting innovations during the last two decades is higher than those of two earlier decades of 1960s and 1970s.
Keywords: Agency Theory, Contingency Theory, Management Accounting Evolution, Management Accounting Theories, Strategic Management Accounting