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Corporate social responsibility practices of banks in Bangladesh: a structuration theory perspective

Corporate social responsibility practices of banks in Bangladesh: a structuration theory perspective
Corporate social responsibility practices of banks in Bangladesh: a structuration theory perspective
The aim of this paper is to illuminate the role of the socio-economic, cultural and religious context in shaping corporate social responsibility (CSR) practices of banks in Bangladesh. We utilise content analysis of annual reports and websites of banks to identify CSR activities in healthcare, education and financial inclusion sectors. We use structuration theory (ST) to explain how interactions between bank managers (as agents) with the social structures (institutions and government) shape CSR practices. Our findings show that banks’ engagement in CSR activities is embedded in the social fabric of Bangladesh and not a result of the Global Reporting Initiative (GRI). We also note that Islamic banks focus their CSR activities on social justice, while other banks target education and other humanitarian issues. We contribute to the literature on the determinants of CSR by revealing the rationalizations of different actors in the production and reproduction of CSR practices in Bangladesh, an insight we attribute to ST. We conclude that Islamic beliefs influenced managers to mitigate poverty through CSR investments.
Corporate social responsibility, Socio-economic and religious context, structuration theory, Bangladesh
1810-4967
350-360
Ndiweni, Esinath
1320fa30-effe-4594-a72b-110ebd72c7c2
Haque, Faizul
8153d83c-427a-4f73-860d-dd7e9460533d
Hassan, Mostafa Kamal
1c6e5576-ac7c-40c8-b37a-afc405cf811f
Ndiweni, Esinath
1320fa30-effe-4594-a72b-110ebd72c7c2
Haque, Faizul
8153d83c-427a-4f73-860d-dd7e9460533d
Hassan, Mostafa Kamal
1c6e5576-ac7c-40c8-b37a-afc405cf811f

Ndiweni, Esinath, Haque, Faizul and Hassan, Mostafa Kamal (2018) Corporate social responsibility practices of banks in Bangladesh: a structuration theory perspective. Investment Management and Financial Innovations, 15 (1), 350-360. (doi:10.21511/imfi.15(1).2018.29).

Record type: Article

Abstract

The aim of this paper is to illuminate the role of the socio-economic, cultural and religious context in shaping corporate social responsibility (CSR) practices of banks in Bangladesh. We utilise content analysis of annual reports and websites of banks to identify CSR activities in healthcare, education and financial inclusion sectors. We use structuration theory (ST) to explain how interactions between bank managers (as agents) with the social structures (institutions and government) shape CSR practices. Our findings show that banks’ engagement in CSR activities is embedded in the social fabric of Bangladesh and not a result of the Global Reporting Initiative (GRI). We also note that Islamic banks focus their CSR activities on social justice, while other banks target education and other humanitarian issues. We contribute to the literature on the determinants of CSR by revealing the rationalizations of different actors in the production and reproduction of CSR practices in Bangladesh, an insight we attribute to ST. We conclude that Islamic beliefs influenced managers to mitigate poverty through CSR investments.

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More information

Published date: 3 April 2018
Keywords: Corporate social responsibility, Socio-economic and religious context, structuration theory, Bangladesh

Identifiers

Local EPrints ID: 446884
URI: http://eprints.soton.ac.uk/id/eprint/446884
ISSN: 1810-4967
PURE UUID: 7b635c2a-a2e5-4871-81b0-9a8dba6599e4
ORCID for Faizul Haque: ORCID iD orcid.org/0000-0003-1556-3466

Catalogue record

Date deposited: 25 Feb 2021 17:30
Last modified: 26 Nov 2021 03:23

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Contributors

Author: Esinath Ndiweni
Author: Faizul Haque ORCID iD
Author: Mostafa Kamal Hassan

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