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Corporate board characteristics and CSR budget of selected Bangladeshi banks: moderating role of corporate reputation

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  • Md Sajjad Hosain

Abstract

Purpose - This study explores the relationships between corporate board characteristics (CBCs) and corporate social responsibility budget (CSRB) of selected Bangladeshi banks. CSRB was regarded as the sole dependent variable. In contrast, CBCs was separated into three independent constructs: board members' age (BMA), board members’ educational level (BMEL) and the number of board meetings per year (NBMY). A single moderator, corporate reputation (CR), was used to assess the moderating impact on the direct relationships. Design/methodology/approach - Annual reports from 2017 to 2021 (5 years) of 25 selectively listed Bangladeshi banks were used as study samples. Further, the researcher conducted informal interviews with 251 board members of those selected banks using a semi-structured questionnaire. The study used “multiple regression analysis” to evaluate the moderating effects on the three direct relationships and “Pearson's correlation coefficient” to assess the immediate impacts. Findings - After analysis, the results revealed that all the three independent components, BMA, BMEL and NBMY, have substantial positive relationships with the dependent variable, CSRB. Moreover, it was identified that CR can moderate (strengthen) all the three direct relationships. Originality/value - Corporate governance (CG) and CSR are two hot topics both in academia and practice. This study highlighted the corporate board characteristics and CSR budget, two new dimensions of CG literature that are required to be paid more attention to. The researcher expects this study to enhance the literature focused on these newer dimensions of CG that might benefit both academics and practitioners.

Suggested Citation

  • Md Sajjad Hosain, 2024. "Corporate board characteristics and CSR budget of selected Bangladeshi banks: moderating role of corporate reputation," Asian Journal of Economics and Banking, Emerald Group Publishing Limited, vol. 9(1), pages 126-143, June.
  • Handle: RePEc:eme:ajebpp:ajeb-08-2023-0083
    DOI: 10.1108/AJEB-08-2023-0083
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    More about this item

    Keywords

    Corporate board characteristics; Corporate social responsibility; Corporate social responsibility budget; Corporate reputation; Bangladeshi banks; C83; G21; G32; G38; G39;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other

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