Factors influencing corporate social responsibility disclosure by lslamic banks

The existing literature on corporate social responsibility (CSR) disclosure in the context of Islamic banks has focussed only on the extent and nature of CSR, rather than on factors influencing the level of CSR disclosure. This study investigates the types and extent of CSR information disclosure i...

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Main Author:	Bukair, Abdullah Awadh Abdullah
Format:	Thesis
Language:	eng eng
Published:	2014
Subjects:	HF5601-5689 Accounting HG Finance
Online Access:	https://etd.uum.edu.my/4323/1/s91904.pdf https://etd.uum.edu.my/4323/7/s91904_abstract.pdf
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id	my-uum-etd.4323
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abdul Rahman, Azhar
topic	HF5601-5689 Accounting HG Finance
spellingShingle	HF5601-5689 Accounting HG Finance Bukair, Abdullah Awadh Abdullah Factors influencing corporate social responsibility disclosure by lslamic banks
description	The existing literature on corporate social responsibility (CSR) disclosure in the context of Islamic banks has focussed only on the extent and nature of CSR, rather than on factors influencing the level of CSR disclosure. This study investigates the types and extent of CSR information disclosure in 132 annual reports of Islamic banks from different countries for the year 2008 using a benchmark based on Shariah principles and rules. It also examines the impact of corporate governance (CG) mechanisms, consisting of the board of directors‟ effectiveness (BODE), the effectiveness of Shariah supervisory board (ESSB), the audit quality (AUDITQ), and the overall score of CG on the CSR disclosure level based on legitimacy theory. The study uses content analysis and ordinary least square regression to achieve the research objectives. The findings show that there is an increase in disclosure of CSR information. The ranking of CSR disclosure themes (from highest to lowest) is as follows: (1) top management, (2) products and services, (3) Employees, (4) Shariah supervisory board (SSB), (5) customers, (6) late repayments and insolvent clients, (7) other aspects of community involvement, (8) vision and mission statement, (9) poverty, (10) Zakah, (11) charitable and social activities, (12) unlawful transactions, (13) Quard Hassan, and (14) the environment. As for the BOD, the results show that only the board composition has a negative impact on CSR disclosure. Regarding the SSB, cross-memberships are positively associated with CSR disclosure, whilst for the AUDITQ, the members with an accounting degree, the percentage of nonexecutive directors and the meetings‟ frequency are found to influence the CSR disclosure. The findings also show that SSBE and AUDITQ significantly influence the CSR disclosure, while BODE has no influence at all. The overall score of CG also significantly influences the CSR disclosure
format	Thesis
qualification_name	Ph.D.
qualification_level	Doctorate
author	Bukair, Abdullah Awadh Abdullah
author_facet	Bukair, Abdullah Awadh Abdullah
author_sort	Bukair, Abdullah Awadh Abdullah
title	Factors influencing corporate social responsibility disclosure by lslamic banks
title_short	Factors influencing corporate social responsibility disclosure by lslamic banks
title_full	Factors influencing corporate social responsibility disclosure by lslamic banks
title_fullStr	Factors influencing corporate social responsibility disclosure by lslamic banks
title_full_unstemmed	Factors influencing corporate social responsibility disclosure by lslamic banks
title_sort	factors influencing corporate social responsibility disclosure by lslamic banks
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2014
url	https://etd.uum.edu.my/4323/1/s91904.pdf https://etd.uum.edu.my/4323/7/s91904_abstract.pdf
_version_	1747827714082996224
spelling	my-uum-etd.43232022-04-10T00:48:43Z Factors influencing corporate social responsibility disclosure by lslamic banks 2014 Bukair, Abdullah Awadh Abdullah Abdul Rahman, Azhar Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting HG Finance The existing literature on corporate social responsibility (CSR) disclosure in the context of Islamic banks has focussed only on the extent and nature of CSR, rather than on factors influencing the level of CSR disclosure. This study investigates the types and extent of CSR information disclosure in 132 annual reports of Islamic banks from different countries for the year 2008 using a benchmark based on Shariah principles and rules. It also examines the impact of corporate governance (CG) mechanisms, consisting of the board of directors‟ effectiveness (BODE), the effectiveness of Shariah supervisory board (ESSB), the audit quality (AUDITQ), and the overall score of CG on the CSR disclosure level based on legitimacy theory. The study uses content analysis and ordinary least square regression to achieve the research objectives. The findings show that there is an increase in disclosure of CSR information. The ranking of CSR disclosure themes (from highest to lowest) is as follows: (1) top management, (2) products and services, (3) Employees, (4) Shariah supervisory board (SSB), (5) customers, (6) late repayments and insolvent clients, (7) other aspects of community involvement, (8) vision and mission statement, (9) poverty, (10) Zakah, (11) charitable and social activities, (12) unlawful transactions, (13) Quard Hassan, and (14) the environment. As for the BOD, the results show that only the board composition has a negative impact on CSR disclosure. Regarding the SSB, cross-memberships are positively associated with CSR disclosure, whilst for the AUDITQ, the members with an accounting degree, the percentage of nonexecutive directors and the meetings‟ frequency are found to influence the CSR disclosure. The findings also show that SSBE and AUDITQ significantly influence the CSR disclosure, while BODE has no influence at all. The overall score of CG also significantly influences the CSR disclosure 2014 Thesis https://etd.uum.edu.my/4323/ https://etd.uum.edu.my/4323/1/s91904.pdf text eng public https://etd.uum.edu.my/4323/7/s91904_abstract.pdf text eng public Ph.D. doctoral Universiti Utara Malaysia AAOIFI (2005). Accounting, Auditing and Governance Standards (for Islamic Financial Institutions), Manama, Bahrain: Accounting and Auditing Organization for Islamic Financial Institutions. AAOIFI (2009). 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