RELATIONSHIP BETWEEN BOARD INDEPENDENCE AND CSR SPENDING OF ISLAMIC BANKS IN BANGLADESH
This study examines the relationship between board independence and CSR expenditures on education, health and human and disaster relief for the case of Islamic banks in Bangladesh, Using unbalanced panel data from 2010 to 2020, the results indicate that board independence is positively and significa...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Bank Indonesia
2022-05-01
|
| Series: | Journal of Islamic Monetary Economics and Finance |
| Subjects: | |
| Online Access: | https://jimf-bi.org/index.php/JIMF/article/view/1451 |
| _version_ | 1827990105224118272 |
|---|---|
| author | Umar Habibu Umar |
| author_facet | Umar Habibu Umar |
| author_sort | Umar Habibu Umar |
| collection | DOAJ |
| description | This study examines the relationship between board independence and CSR expenditures on education, health and human and disaster relief for the case of Islamic banks in Bangladesh, Using unbalanced panel data from 2010 to 2020, the results indicate that board independence is positively and significantly associated with CSR expenditures on education and human and disaster relief sectors but is insignificantly related to the CSR expenditure on health. Thus, in forming the governance framework of Islamic banks, there is a need to have board independence to promote the social responsibility of Islamic banks. Indeed, our results suggest that it should be a regulatory requirement. |
| first_indexed | 2024-04-10T00:30:28Z |
| format | Article |
| id | doaj.art-0058ffa41dbb4aa889e608bffc375d0b |
| institution | Directory Open Access Journal |
| issn | 2460-6146 2460-6618 |
| language | English |
| last_indexed | 2024-04-10T00:30:28Z |
| publishDate | 2022-05-01 |
| publisher | Bank Indonesia |
| record_format | Article |
| series | Journal of Islamic Monetary Economics and Finance |
| spelling | doaj.art-0058ffa41dbb4aa889e608bffc375d0b2023-03-15T04:02:58ZengBank IndonesiaJournal of Islamic Monetary Economics and Finance2460-61462460-66182022-05-018220121810.21098/jimf.v8i2.14511451RELATIONSHIP BETWEEN BOARD INDEPENDENCE AND CSR SPENDING OF ISLAMIC BANKS IN BANGLADESHUmar Habibu Umar0Department of Accounting and Finance, School of Business and Economics, Universiti Brunei DarussalamThis study examines the relationship between board independence and CSR expenditures on education, health and human and disaster relief for the case of Islamic banks in Bangladesh, Using unbalanced panel data from 2010 to 2020, the results indicate that board independence is positively and significantly associated with CSR expenditures on education and human and disaster relief sectors but is insignificantly related to the CSR expenditure on health. Thus, in forming the governance framework of Islamic banks, there is a need to have board independence to promote the social responsibility of Islamic banks. Indeed, our results suggest that it should be a regulatory requirement.https://jimf-bi.org/index.php/JIMF/article/view/1451csr expenditures, board independence, islamic banks, covid-19 pandemic, bangladesh. |
| spellingShingle | Umar Habibu Umar RELATIONSHIP BETWEEN BOARD INDEPENDENCE AND CSR SPENDING OF ISLAMIC BANKS IN BANGLADESH Journal of Islamic Monetary Economics and Finance csr expenditures, board independence, islamic banks, covid-19 pandemic, bangladesh. |
| title | RELATIONSHIP BETWEEN BOARD INDEPENDENCE AND CSR SPENDING OF ISLAMIC BANKS IN BANGLADESH |
| title_full | RELATIONSHIP BETWEEN BOARD INDEPENDENCE AND CSR SPENDING OF ISLAMIC BANKS IN BANGLADESH |
| title_fullStr | RELATIONSHIP BETWEEN BOARD INDEPENDENCE AND CSR SPENDING OF ISLAMIC BANKS IN BANGLADESH |
| title_full_unstemmed | RELATIONSHIP BETWEEN BOARD INDEPENDENCE AND CSR SPENDING OF ISLAMIC BANKS IN BANGLADESH |
| title_short | RELATIONSHIP BETWEEN BOARD INDEPENDENCE AND CSR SPENDING OF ISLAMIC BANKS IN BANGLADESH |
| title_sort | relationship between board independence and csr spending of islamic banks in bangladesh |
| topic | csr expenditures, board independence, islamic banks, covid-19 pandemic, bangladesh. |
| url | https://jimf-bi.org/index.php/JIMF/article/view/1451 |
| work_keys_str_mv | AT umarhabibuumar relationshipbetweenboardindependenceandcsrspendingofislamicbanksinbangladesh |