Financial Factors and Corporate Social and Environmental Responsibility Reporting: Does Industry Sector Moderate?

Abstract

In Bangladesh, companies are under criticisms for manipulation of their business activities. Some large organizations collapsed recently due to several corporate misconducts and this has raised serious questions about the effectiveness of different monitoring policies presumed to protect stakeholders’ interests and control organizational unscrupulous behavior. As a result, the practice of CSER disclosure is of great importance and value to the users of CSER reporting as their decisions are based on them.

Thus, this research study has started off with the aim of investing the financial factors affecting CSER reporting with moderating effect of industry sector. The data have been collected from secondary data source: annual report, sustainability report and company’s website. The sample of this study consists of 207 observations from 69 companies for three years from 2012 to 2014. Panel data analysis has been used and fixed effects has been performed using STATA version 13 to observe the association between the variables.