Disclosures for slavery accounting concerning SDG 8 and corporate attributes: a study on the banking industry of Bangladesh

Trina Saha (), Rubel Miah, Mahfujur Rahman, Sumon Kumar Das and Emranul Hoque
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Trina Saha: Noakhali Science and Technology University
Rubel Miah: Noakhali Science and Technology University
Mahfujur Rahman: Comilla University
Sumon Kumar Das: Noakhali Science and Technology University
Emranul Hoque: Bangabandhu Sheikh Mujibur Rahman Maritime University

Future Business Journal, 2023, vol. 9, issue 1, 1-11

Abstract: Abstract With the continuous adoption of sustainable development goals by all countries, there is a rising demand for implementing and disclosing related information by companies. This paper aims to find an idea about the nature of reporting practices related to slavery by listed banking companies of Bangladesh and the relationship between reporting practice and organizational attributes. Existing literature provides the foundation of this study. Annual reports from 2016 to 2021 were collected from the company websites, and content analysis was used to determine the nature and extent of slavery reporting; an index was developed based on content analysis. Independent variables were determined based on the current literature review. Statistical tools, including the test of multicollinearity, heteroscedastic, correlation, and linear regression and panel data analyses were used to determine the fitness of the model and the impact of independent variables on the dependent variable. Content analysis showed a clear picture of the consciousness about slavery accounting as all of the companies reported a minimum of three components of selected targets from SDG8. The evidence says that the quality and quantity of slavery reporting are improving yearly. A satisfactory correlation was found among the variables. Some variables, such as ownership nature, Board Size, etc., have a positive impact, and insignificant impact was found for Age and leverage on slavery disclosure. This paper only examines the banking industry, and it assesses only a few targets of SDG 8. Thus the results obtained from the study may not be similar to other companies. Data collection also has limitations; our target was to study till 2022 but some information requirements of few companies were not available on websites. This research paper is the first attempt to determine the nature of slavery accounting in Bangladesh. It will encourage business organizations to extend their reporting on slavery and SDGs.

Keywords: Slavery accounting; SDGs; Corporate governance; Profitability; Banks; Bangladesh (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1186/s43093-023-00199-z

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