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Institutional Investment and Corporate Social Performance: Linkage towards Sustainable Development

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  • Sarwar Uddin Ahmed
  • Zahidul Islam
  • Hanif Mahtab
  • Ikramul Hasan

Abstract

This study examines the relationship between institutional investment (II) and corporate social performance (CSP) of public listed companies (PLCs) in Bangladesh using cross‐sectional data. The sample includes 152 firms as listed in Dhaka Stock Exchange (DSE). Structured questionnaires, annual reports, CSR reports, websites, regulatory notifications, and newspaper articles were used for data collection. The results of the study indicate that CSP has a positive but insignificant relationship with institutional investment in Bangladesh. This would also improve the investment climate by encouraging the institutional investors to make their investment decisions based on long‐term sustainability. To the best of our knowledge, the paper investigates, for the first time, the linkage between institutional investment and CSP in the context of a developing country like Bangladesh. In the process, this paper attempts to develop the first known comprehensive CSP Index in the context of Bangladesh. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment

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  • Sarwar Uddin Ahmed & Zahidul Islam & Hanif Mahtab & Ikramul Hasan, 2014. "Institutional Investment and Corporate Social Performance: Linkage towards Sustainable Development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 21(1), pages 1-13, January.
    • Handle: RePEc:wly:corsem:v:21:y:2014:i:1:p:1-13
    DOI: 10.1002/csr.1298
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    2. M. Ševčík & M. Hájek & A. Mikulková, 2014. "Specifics in the introduction of sustainability reporting by companies in the forestry sector," Journal of Forest Science, Czech Academy of Agricultural Sciences, vol. 60(6), pages 226-235.
    3. Sandeep Yadav, 2020. "Institutional Ownership and Corporate Social Performance in Emerging Economies Multinationals: Evidence from India," Indian Journal of Corporate Governance, , vol. 13(2), pages 227-252, December.
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    5. Chih‐Wei Peng, 2020. "The role of business strategy and CEO compensation structure in driving corporate social responsibility: Linkage towards a sustainable development perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 1028-1039, March.
    6. Junjie Wu & George Lodorfos & Aftab Dean & Georgios Gioulmpaxiotis, 2017. "The Market Performance of Socially Responsible Investment during Periods of the Economic Cycle – Illustrated Using the Case of FTSE," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 38(2), pages 238-251, March.
    7. Asuman Erben Yavuz & Bade Ekim Kocaman & Mesut Doğan & Adalet Hazar & Şenol Babuşcu & Raikhan Sutbayeva, 2024. "The Impact of Corporate Governance on Sustainability Disclosures: A Comparison from the Perspective of Financial and Non-Financial Firms," Sustainability, MDPI, vol. 16(19), pages 1-21, September.
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