IDEAS home Printed from https://ideas.repec.org/a/aii/ijcmss/v3y2012i1p01-08.html
   My bibliography  Save this article

Social Accounting Reporting Practices in Bangladesh - A Voluntary Approach

Author

Listed:
  • Md Nazrul Islam

    (Professor and Head, Department of Business Administration Shahjalal University of Science and Technology, Bangladesh)

  • Tofayel Ahmed

    (Associate Professor, Department of Business Administration Leading University, Bangladesh)

  • Mohammad Ashraful Ferdous Chowdhury

    (Lecturer, Department of Business Administration Shahjalal University of Science and Technology Bangladesh)

Abstract

Social accounting has been developed for measurement and reporting the societal impact of business enterprise because of the limitation of financial accounting and management accounting. The present paper aims to make a brief idea of social accounting. It also explored the reporting practices of social accounting in the corporate level in Bangladesh. The study has taken 50 listed companies of Dhaka Stock Exchange from Textile sector and Food & Allied sector where social accounting is considered importance. Twenty five companies are selected from each sector conveniently. The analyses found that 56 pc of the sampled companies has expressed their positive attitude towards social accounting through some volunteer statements and no company maintains separate content as social accounting in their annual reports. The disclosures made by the companies are in qualitative in nature. The researchers suggested that a separate statement of social accounting should be maintained by the companies to identify the societal impacts of the business.

Suggested Citation

  • Md Nazrul Islam & Tofayel Ahmed & Mohammad Ashraful Ferdous Chowdhury, 2012. "Social Accounting Reporting Practices in Bangladesh - A Voluntary Approach," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 3(1), pages 01-08, January.
    • Handle: RePEc:aii:ijcmss:v:3:y:2012:i:1:p:01-08
    as

    Download full text from publisher

    File URL: http://scholarshub.net/index.php/ijcms/article/view/358/349
    Download Restriction: no
    File URL: http://scholarshub.net/index.php/ijcms/article/view/358
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rob Gray & Mohammed Javad & David M. Power & C. Donald Sinclair, 2001. "Social and Environmental Disclosure and Corporate Characteristics: A Research Note and Extension," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 28(3‐4), pages 327-356, April.
    2. Rob Gray & Mohammed Javad & David M. Power & C. Donald Sinclair, 2001. "Social and Environmental Disclosure and Corporate Characteristics: A Research Note and Extension," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 28(3-4), pages 327-356.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sajon Dhar & Mohammad Ashraful Ferdous Chowdhury, 2021. "Impact of Environmental Accounting Reporting Practices on Financial Performance: Evidence From Banking Sector of Bangladesh," International Journal of Asian Business and Information Management (IJABIM), IGI Global, vol. 12(1), pages 24-42, January.
    2. Md Nazrul Islam & Tofayel Ahmed, 2012. "Corporate Social and Environmental Disclosure - An Econometric Analysis of Listed Private Commercial Banks in Bangladesh," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 3(3), pages 59-65, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Md. Musharof Hossain & Monir Ahmmed & Md. Kazi Golam Azam & Serajul Islam & Md.Faruk Bhuiyan & Md. Ahasanul Hoque, 2020. "Disclosure Practices Regarding Corporate Social Responsibility (CSR) of Some Listed Companies: Evidence from Chittagong Stock Exchange, Bangladesh," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(5), pages 526-535, May.
    2. Julia Catharina Jensen & Nicola Berg, 2012. "Determinants of Traditional Sustainability Reporting Versus Integrated Reporting. An Institutionalist Approach," Business Strategy and the Environment, Wiley Blackwell, vol. 21(5), pages 299-316, July.
    3. Stephen Brammer & Stephen Pavelin, 2006. "Voluntary Environmental Disclosures by Large UK Companies," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(7‐8), pages 1168-1188, September.
    4. John Udo, Ekubiat, 2019. "Environmental Accounting Disclosure Practices In Annual Reports Of Listed Oil And Gas Companies In Nigeria," International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF), The Institute of Chartered Accountants of Nigeria (ICAN), vol. 8(1), pages 1-20, June.
    5. Thomas Kaspereit & Kerstin Lopatta, 2013. "The Value Relevance of SAM's Corporate Sustainability Ranking and GRI Sustainability Reporting in the European Stock Markets," ZenTra Working Papers in Transnational Studies 19 / 2013, ZenTra - Center for Transnational Studies, revised Oct 2013.
    6. José V. Frias‐Aceituno & Lázaro Rodríguez‐Ariza & Isabel M. Garcia‐Sánchez, 2014. "Explanatory Factors of Integrated Sustainability and Financial Reporting," Business Strategy and the Environment, Wiley Blackwell, vol. 23(1), pages 56-72, January.
    7. Isabel-María García-Sánchez & Luis Rodríguez-Domínguez & José-Valeriano Frías-Aceituno, 2015. "Board of Directors and Ethics Codes in Different Corporate Governance Systems," Journal of Business Ethics, Springer, vol. 131(3), pages 681-698, October.
    8. Mitzi Cubilla‐Montilla & Ana‐Belén Nieto‐Librero & Ma Purificación Galindo‐Villardón & Ma Purificación Vicente Galindo & Isabel‐María Garcia‐Sanchez, 2019. "Are cultural values sufficient to improve stakeholder engagement human and labour rights issues?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(4), pages 938-955, July.
    9. Nagib Salem Bayoud & Marie Kavanagh & Geoff Slaughter, 2012. "An Empirical Study Of The Relationship Between Corporate Social Responsibility Disclosure And Organizational Performance: Evidence From Libya," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 5(3), pages 69-82.
    10. Irene Pollach & Arno Scharl & Albert Weichselbraun, 2009. "Web content mining for comparing corporate and third‐party online reporting: a case study on solid waste management," Business Strategy and the Environment, Wiley Blackwell, vol. 18(3), pages 137-148, March.
    11. Elena Barbu & Pascal Dumontier & Niculae Feleagă & Liliana Feleagă, 2012. "Mandatory environmental disclosures by companies complying with IAS/IFRS: The case of France, Germany and the UK," Working Papers halshs-00658409, HAL.
    12. Hasinat Raquiba & Zuaini Ishak, 2020. "Sustainability Reporting Practices in the Energy Sector of Bangladesh," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 508-516.
    13. Carsten Albers & Thomas Günther, 2010. "Disclose or not disclose: determinants of social reporting for STOXX Europe 600 firms," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 21(3), pages 323-347, November.
    14. S. Zeng & X. Xu & H. Yin & C. Tam, 2012. "Factors that Drive Chinese Listed Companies in Voluntary Disclosure of Environmental Information," Journal of Business Ethics, Springer, vol. 109(3), pages 309-321, September.
    15. Higgins, Colin & Walker, Robyn, 2012. "Ethos, logos, pathos: Strategies of persuasion in social/environmental reports," Accounting forum, Elsevier, vol. 36(3), pages 194-208.
    16. Hongquan Chen & Saixing Zeng & Han Lin & Hanyang Ma, 2017. "Munificence, Dynamism, and Complexity: How Industry Context Drives Corporate Sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 26(2), pages 125-141, February.
    17. Adhikari, Ajay & Emerson, David & Gouldman, Andrea & Tondkar, Rasoul, 2015. "An examination of corporate social disclosures of multinational corporations: A cross-national investigation," Advances in accounting, Elsevier, vol. 31(1), pages 100-106.
    18. Salma Damak-Ayadi, 2006. "Analyse des facteurs explicatifs de la publication des rapports sociétaux en France," Post-Print halshs-00154184, HAL.
    19. María del Mar Miras‐Rodríguez & Amalia Carrasco‐Gallego & Bernabé Escobar‐Pérez, 2015. "Has the CSR engagement of electrical companies had an effect on their performance? A closer look at the environment," Business Strategy and the Environment, Wiley Blackwell, vol. 24(8), pages 819-835, December.
    20. M. A. Gulzar & Jacob Cherian & Jinsoo Hwang & Yushi Jiang & Muhammad Safdar Sial, 2019. "The Impact of Board Gender Diversity and Foreign Institutional Investors on the Corporate Social Responsibility (CSR) Engagement of Chinese Listed Companies," Sustainability, MDPI, vol. 11(2), pages 1-19, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aii:ijcmss:v:3:y:2012:i:1:p:01-08. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mr. Asif Anjum (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.