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Convergence of Corporate Social Responsibility and Corporate Governance in Weak Economies: The case of Bangladesh

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  • Mia Rahim
  • Shawkat Alam

Abstract

The convergence of corporate social responsibility (CSR) and corporate governance (CG) has changed the corporate accountability mechanism. This has developed a socially responsible ‘corporate self-regulation’, a synthesis of governance and responsibility in the companies of strong economies. However, unlike in the strong economies, this convergence has not been visible in the companies of weak economies, where the civil society groups are unorganised, regulatory agencies are either ineffective or corrupt and the media and non-governmental organisations do not mirror the corporate conscience. Using the case of Bangladesh, this article investigates the convergence between CSR and CG in the self-regulation of companies in a less vigilant environment. Copyright Springer Science+Business Media Dordrecht 2014

Suggested Citation

  • Mia Rahim & Shawkat Alam, 2014. "Convergence of Corporate Social Responsibility and Corporate Governance in Weak Economies: The case of Bangladesh," Journal of Business Ethics, Springer, vol. 121(4), pages 607-620, June.
    • Handle: RePEc:kap:jbuset:v:121:y:2014:i:4:p:607-620
    DOI: 10.1007/s10551-013-1699-x
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    4. Yadlapalli, Aswini & Rahman, Shams & Gunasekaran, Angappa, 2018. "Socially responsible governance mechanisms for manufacturing firms in apparel supply chains," International Journal of Production Economics, Elsevier, vol. 196(C), pages 135-149.
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    6. Ricardo Vinícius Dias Jordão & Edson Pinto Ferreira & José Antônio Sousa Neto, 2018. "Financial disclosure and social environmental responsibility: An empirical study on the Brazilian market," Contaduría y Administración, Accounting and Management, vol. 63(2), pages 19-20, Junio.
    7. Kuang-Hua Hu & Sin-Jin Lin & Ming-Fu Hsu, 2018. "A Fusion Approach for Exploring the Key Factors of Corporate Governance on Corporate Social Responsibility Performance," Sustainability, MDPI, vol. 10(5), pages 1-18, May.
    8. Oscar Rikhotso & Thabiso John Morodi & Daniel Masilu Masekameni, 2022. "The Extent of Occupational Health Hazard Impact on Workers: Documentary Evidence from National Occupational Disease Statistics and Selected South African Companies’ Voluntary Corporate Social Responsi," Sustainability, MDPI, vol. 14(17), pages 1-25, August.
    9. Enrico Fontana & Niklas Egels-Zandén, 2019. "Non Sibi, Sed Omnibus: Influence of Supplier Collective Behaviour on Corporate Social Responsibility in the Bangladeshi Apparel Supply Chain," Journal of Business Ethics, Springer, vol. 159(4), pages 1047-1064, November.
    10. Nahg Abdul Majid Alawi & Azhar Abdul Rahman & Azlan Amran & Mehran Nejati, 2016. "Does family group affiliation matter in CSR reporting? Evidence from Yemen," Afro-Asian Journal of Finance and Accounting, Inderscience Enterprises Ltd, vol. 6(1), pages 12-30.

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