Does ownership type affect sustainability reporting disclosure? Evidence from an emerging market

Sumon Kumar Das (), Md Khalilur Rahman () and Songita Roy ()
Additional contact information
Sumon Kumar Das: Noakhali Science and Technology University
Md Khalilur Rahman: Noakhali Science and Technology University
Songita Roy: Noakhali Science and Technology University

International Journal of Disclosure and Governance, 2024, vol. 21, issue 1, No 4, 52-68

Abstract: Abstract The aim of this study is to examine on the ways in which a company's sustainability reporting (SR) differs depending on the types of ownership it has, notably director ownership (DO), institutional ownership (IO), and foreign ownership (FO). This paper uses a sample of 145 firm-year observations from 29 listed banks in the Dhaka Stock Exchange (DSE) of Bangladesh from 2016 to 2020 and regression analysis to test the relationship between different ownership structures and SR. The study also employed the generalized method of moments (GMM) to deal with the endogeneity issue. The findings show that investors have varying perspectives on SR disclosure activity. The findings show that two stockholding patterns, DO and FO, significantly impact SR disclosure in Bangladesh but that there is no significant association between IO and SR disclosure. In constructing SR, this paper depends on only the quantity of disclosure, not the quality, and is solely based on the published annual report. The study findings also provide a comprehensive overview of the SR practice of Bangladeshi banks, which may be helpful to regulators, policymakers, management, creditors, and other stakeholders in making investment and economic decisions. To encourage SR commitment, the government may need to keep an eye on the ownership structure and implement policies that encourage foreign investment. To the best of the authors' knowledge, this is the first study to look at how ownership structure influence SR practices in the banking industry of Bangladesh over five years.

Keywords: Bangladeshi bank; Sustainability reporting; Director ownership; Foreign ownership; Corporate governance (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/s41310-023-00180-w Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:ijodag:v:21:y:2024:i:1:d:10.1057_s41310-023-00180-w

Ordering information: This journal article can be ordered from
https://www.palgrave.com/gp/journal/41310

DOI: 10.1057/s41310-023-00180-w

Access Statistics for this article

International Journal of Disclosure and Governance is currently edited by Michael Alles

More articles in International Journal of Disclosure and Governance from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().