Anti-corruption disclosure, corporate social expenditure and political corporate social responsibility: Empirical evidence from Bangladesh

Corruption is a major concern globally, particularly in developing countries, such as Bangladesh, where it is the main obstacle to economic development. Corruption is also mentioned as the major impediment to accomplishing sustainable development. There is a dearth of studies on anti-corruption disc...

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Main Authors: Masud, Md Abdul Kaium, Rahman, Mahfuzur, Rashid, Md Harun Ur
Format: Article
Published: MDPI 2022
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Online Access:http://eprints.um.edu.my/42237/
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spelling my.um.eprints.422372023-10-13T08:01:02Z http://eprints.um.edu.my/42237/ Anti-corruption disclosure, corporate social expenditure and political corporate social responsibility: Empirical evidence from Bangladesh Masud, Md Abdul Kaium Rahman, Mahfuzur Rashid, Md Harun Ur HN Social history and conditions. Social problems. Social reform Corruption is a major concern globally, particularly in developing countries, such as Bangladesh, where it is the main obstacle to economic development. Corruption is also mentioned as the major impediment to accomplishing sustainable development. There is a dearth of studies on anti-corruption disclosure (ACD), political corporate social responsibility (PCSR), and cash holding in Bangladesh magnitude of this research. This study investigates different drivers and motivations of ACD practice of a less control of corruption country's firm-level observations. This study incorporates an institutional and legitimacy theoretical lens to explain anti-corruption disclosure practice. In order to draw the best picture of corruption disclosure, the study uses all financial sector companies listed on the Dhaka Stock Exchange. Therefore, the total firm-year observations are 245 from 2012-2016. The authors developed a diverse set of 97 keywords as content for ACD. The regression results show that CSR expenditures, political corporate social responsibility (PCSR), financial constraint, internationalization of reporting, and media visibility positively and significantly affect firm-level ACD. Furthermore, cash holdings show negative and significant relationships. The study provides new evidence on CSR expenditure, PCSR, cash holdings, and media visibility from a developing country's perspective. Therefore, the results suggest that policymakers and regulatory authorities can deal with ACD as a legitimization tool for society and stakeholders. MDPI 2022-05 Article PeerReviewed Masud, Md Abdul Kaium and Rahman, Mahfuzur and Rashid, Md Harun Ur (2022) Anti-corruption disclosure, corporate social expenditure and political corporate social responsibility: Empirical evidence from Bangladesh. Sustainability, 14 (10). ISSN 2071-1050, DOI https://doi.org/10.3390/su14106140 <https://doi.org/10.3390/su14106140>. 10.3390/su14106140
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HN Social history and conditions. Social problems. Social reform
spellingShingle HN Social history and conditions. Social problems. Social reform
Masud, Md Abdul Kaium
Rahman, Mahfuzur
Rashid, Md Harun Ur
Anti-corruption disclosure, corporate social expenditure and political corporate social responsibility: Empirical evidence from Bangladesh
description Corruption is a major concern globally, particularly in developing countries, such as Bangladesh, where it is the main obstacle to economic development. Corruption is also mentioned as the major impediment to accomplishing sustainable development. There is a dearth of studies on anti-corruption disclosure (ACD), political corporate social responsibility (PCSR), and cash holding in Bangladesh magnitude of this research. This study investigates different drivers and motivations of ACD practice of a less control of corruption country's firm-level observations. This study incorporates an institutional and legitimacy theoretical lens to explain anti-corruption disclosure practice. In order to draw the best picture of corruption disclosure, the study uses all financial sector companies listed on the Dhaka Stock Exchange. Therefore, the total firm-year observations are 245 from 2012-2016. The authors developed a diverse set of 97 keywords as content for ACD. The regression results show that CSR expenditures, political corporate social responsibility (PCSR), financial constraint, internationalization of reporting, and media visibility positively and significantly affect firm-level ACD. Furthermore, cash holdings show negative and significant relationships. The study provides new evidence on CSR expenditure, PCSR, cash holdings, and media visibility from a developing country's perspective. Therefore, the results suggest that policymakers and regulatory authorities can deal with ACD as a legitimization tool for society and stakeholders.
format Article
author Masud, Md Abdul Kaium
Rahman, Mahfuzur
Rashid, Md Harun Ur
author_facet Masud, Md Abdul Kaium
Rahman, Mahfuzur
Rashid, Md Harun Ur
author_sort Masud, Md Abdul Kaium
title Anti-corruption disclosure, corporate social expenditure and political corporate social responsibility: Empirical evidence from Bangladesh
title_short Anti-corruption disclosure, corporate social expenditure and political corporate social responsibility: Empirical evidence from Bangladesh
title_full Anti-corruption disclosure, corporate social expenditure and political corporate social responsibility: Empirical evidence from Bangladesh
title_fullStr Anti-corruption disclosure, corporate social expenditure and political corporate social responsibility: Empirical evidence from Bangladesh
title_full_unstemmed Anti-corruption disclosure, corporate social expenditure and political corporate social responsibility: Empirical evidence from Bangladesh
title_sort anti-corruption disclosure, corporate social expenditure and political corporate social responsibility: empirical evidence from bangladesh
publisher MDPI
publishDate 2022
url http://eprints.um.edu.my/42237/
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