Findings – The principal findings are twofold: first, the study shows that the selected banking companies did some (albeit little) CSR reporting on a voluntary basis. Second, that the user groups are in favor of CSR reporting, and would like to see more disclosure. The current disclosures by the selected banks, however, are not ample at all to measure the social responsiveness of the organizations. Originality/value – The paper provides useful informaiton on users’ perceptions relating to CSR disclosures issues. Keywords Corporate social responsibility, Information disclosure, Banking, Bangladesh Paper type Research paper Introduction In the last 20 years, users of accounting information have demanded more information not only relating to economic activities but also to the impact of a firms’ activities on society. Corporate social responsibility (CSR) evidenced through social responsibility accounting (SRA) is a means for attaining social responsiveness (Abrol, 2002). There are two main arguments in favor of SRA, these being market- and socially-related. The market-related argument notes that SRA is necessary to promote market efficiency and performance. The socially-related argument means that SRA is essential on the moral agency and social connection of companies. SRA advocates that accounting and reporting should deal with the measurement and communication of both economic performance and social responsibility. Behaving in a socially responsible manner is increasingly seen as essential to the long-term survival of companies. An international survey conducted by Price Waterhouse Coopers in early 2002 found that nearly 70 percent of the global chief executives believed that addressing CSR was vital to their companies’ profitability (Simms, 2002). Today, many companies in many countries and across many industries have introduced some form of social reporting. This study specifically investigates the social reporting practices by some Banking companies in Bangladesh. In addition the study examines users’ perception relating to these CSR disclosures. Banks help to mobilize and reallocate resources of the society, and prior research has been conducted examining the social responsibility of banks, yet not in the PAGE 344 j SOCIAL RESPONSIBILITY JOURNAL j VOL. 5 NO. 3 2009, pp. 344-357, Q Emerald Group Publishing Limited, ISSN 1747-1117 DOI 10.1108/17471110910977276 Md Habib-Uz-Zaman Khan is Senior Lecturer, Department of Business Administration, East West University, Dhaka, Bangladesh. Abdel K. Halabi is Senior Lecturer, Department of Accounting and Finance, Monash University Gippsland Campus, Churchill, Australia, and is also based at the School of accountancy, University of Witswaterrand, Johannesburg, South Africa. Martin Samy is Senior Lecturer, Leeds Business School, Leeds Metropolitan University, Leeds, UK.
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