Purpose

This study aims to examine the association between board independence and corporate social responsibility (CSR) reporting and the moderating role of stakeholder power on the association between board independence and CSR reporting.

Design/methodology/approach

Using a sample of 707 Bangladeshi firm-year observations, this study uses a content analysis technique to develop a 24-item of CSR reporting index. This study uses the ordinary least squares regression method to examine the relationship between board independence and CSR reporting.

Findings

The study finds that board independence does not influence CSR activities and relevant reporting in general. However, the non-influence of board independence and CSR reporting is offset by stakeholder power. Insider ownership, firm age, firm size, growth opportunities and market capitalisation have a positive influence on such reporting.

Practical implications

While this study suggests that stakeholders’ influence is an important factor in determining the firms’ incentives to disclose CSR information, this finding creates a new debate on the efficacy of independent directors and whether they are good monitors and are able to fulfil all the stakeholders’ expectations.

Originality/value

This study makes an important contribution to the literature on CSR practices by documenting that firms having powerful stakeholders induce the board and management to make more CSR reporting practices in the context of emerging economies.

中文翻译：

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董事会独立性和企业社会责任报告：利益相关者权力的中介作用

目的

本研究旨在检验董事会独立性与企业社会责任 (CSR) 报告之间的关联以及利益相关者权力对董事会独立性与企业社会责任报告之间关联的调节作用。

设计/方法/方法

本研究使用 707 个孟加拉国公司年观察样本，使用内容分析技术开发了 24 项 CSR 报告指数。本研究使用普通最小二乘回归方法来检验董事会独立性与企业社会责任报告之间的关系。

发现

研究发现，董事会独立性一般不会影响企业社会责任活动和相关报告。然而，董事会独立性和企业社会责任报告的非影响被利益相关者的权力所抵消。内部人所有权、公司年龄、公司规模、增长机会和市值对此类报告具有积极影响。

实际影响

虽然这项研究表明利益相关者的影响是决定公司披露 CSR 信息的动机的重要因素，但这一发现引发了关于独立董事效力以及他们是否是良好的监督者并能够满足所有利益相关者的要求的新辩论。期望。

原创性/价值

本研究通过记录具有强大利益相关者的公司诱导董事会和管理层在新兴经济体的背景下制定更多的企业社会责任报告实践，为有关企业社会责任实践的文献做出了重要贡献。