Employees’ Perception about Social Accounting Practice by Commercial Banks of Bangladesh
Keywords:Social Accounting, Employees’ perception, Commercial banks, Bangladesh
In banking industry social accounting has become an important phenomenon now a days. This practice by commercial banks creates a bridge between society/country and banks. The bank employees are highly motivated to do this for societal concern as well as corporate benefit. This study is conducted on 100 employees of some commercial banks of Dhaka, Bangladesh. Random sampling method was used to select the respondents. The study reveals bank employees’ perception about social accounting which is carried out by their own banks. Banks’ main focus is society/community while doing social accounting. Statistical tools like (mean, standard deviation, variance, frequency, correlation analysis) are used to find out the result by using SPSS software. The study reveals there is a positive relationship between social accounting with corporate competitiveness & social interaction. The commercial banks have to come forward to involve in practicing social accounting for economic development of Bangladesh.
American Accounting Association (1975), “Report of the Committee on Accounting for Social Performance.” The Accounting Review, Vol.51, pp. 38-39+41-69.
Anderson, J.W., Jr. (1989). “Corporate Social Responsibility: Guidelines for top management”, New York, NY: Quorum Books.
Azim,et. al. (2009). “Corporate Social Reporting Practice: Evidence from Listed Companies in Bangladesh”, Journal of Asia-Pacific Business, Vol.10 No.2, pp. 130-145.
Baron, D. (2001). “Private politics, Corporate Social Responsibility and integrated Strategy”, Journal of Economics & Management Strategy, Vol.10, pp.7-45.
Cameron, et. al. (2010). “Social Accounting: A Practical Guide for Small Community Organizations and Enterprises.” Centre for Urban and Regional Studies, The University of Newcastle, Australia.
Carnegie, G.D., & Napier, C.J. (2010). “Traditional accountants and business professionals: Portraying the accounting profession after Enron”, Accounting, Organizations & Society, Vol. 35 No.3, pp. 360-376.
Chowdhury, A.I & Chowdhury, A.K. (1996). “Corporate social accounting: do we really need it?”, The Bangladesh Accountant, Vol. April-June, pp.90-100.
Ferdous, M., & Moniruzzaman, M. (2015). “An Empirical Evidence of corporate Social Responsibility by Banking Sector based on Bangladesh”, Asian Business Review, Vol.3 No.4, pp.82-87.
Gray, et. al. (1987). “Corporate Social Reporting: Accounting & Accountability.” London: Prentice-Hall.
Gray, R. (2002). “The social accounting project & accounting organizations & society: Accounting is applied in the financial statements of companies in Gaza strip”, Journal of Islamic University, Human Studies Series, Vol.15 No.1, pp.239-281.
Homayoun, S. et. al. (2015). “Corporate Social Responsibility and Its Relevance to Accounting”, Journal of Sustainable Development, Vol.8 No.9, pp.178-187.
Islam, D.M.N. et. al. (2012). “Social Accounting Reporting Practices in Bangladesh-A Voluntary Approach”, Indian Journal of commerce & Management Studies, Vol.3 No.1, pp.1-8.
Islam, M., & Hasan, M. (2016). “Corporate Social Responsibility of Commercial Bank in Bangladesh: A Comparative Study on Nationalized and Private Banks”, Asian Business Review, Vol.6 No.1, pp.25-34.
Khan, H.Z., et. al. (2009). “Corporate social responsibility (CSR) reporting: a study of selected banking companies in Bangladesh”, Social Responsibility Journal, Vol.5 No.3, pp. 344-357.
Masud, M.A.K., & Hossain, M.S. (2012). “Corporate Social Responsibility Practices in Bangladesh: A study of Selected Private Commercial Banks”, IOSR Journal of Business & Management, Vol.6 No. 2, pp.42-47.
Masud, M.A.K., & Kabir, M.H. (2016). “Corporate social responsibility evaluation by different levels of management of Islamic banks and traditional banks: evidence from banking sector of Bangladesh”, Problems & Perspective in Management, Vol.14 No.3, pp.194-202.
Mohammad, D.N. et. al. (2013). “Overview of the Bangladesh Environment Conservation Act 1995”, Australian Journal of Basic and Applied Sciences, Vol. 7 No.2, pp. 156-174.
Stanwick, P.A., & Stanwick, S.D. (2006), “Environment and Sustainability Disclosures: A Global Perspective on Financial Performance”, In Allouche, J. (Ed.), Corporate Social Responsibility Volume 2: Performances and Stakeholders, Palgrave Macmillan, New York.
Yunus, M. et. al. (2015). “Corporate Social Responsibilities and Related Disclosures: A Study on the Listed Banks in Bangladesh”, World Journal of Social Sciences, Vol. 5 No.1, pp.1-21.
How to Cite
Asian Business Review is an Open Access journal. Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal the right of first publication with the work simultaneously licensed under a CC BY-NC 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of their work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal. We require authors to inform us of any instances of re-publication.