The impact of ownership and board structure on Corporate Social Responsibility (CSR) reporting in the Turkish banking industry

摘要

Purpose - The aim of this study is twofold. The first is to analyze the nature, extent and trend of corporate social responsibility (CSR) reporting in the Turkish banking industry under five sub-themes, namely, environment, energy, human resources, products and customers and community involvement. The second is to investigate the impact of ownership and board structure on CSR reporting by the banks. Design/methodology/approach - The annual reports of the banks were examined for the period between 2008 and 2012 to analyze the CSR reporting of the banks, using content analysis and panel data analysis. Findings - The results show that CSR reporting of the banks improved during that period of time. The findings of the study also revealed that there is a significant positive effect of size, ownership diffusion, board composition and board diversity on the CSR disclosure of the banks. Originality/value - This study contributes significantly to the existing literature because the banking industry is generally excluded from the CSR studies. Further, there are few studies analyzing the effect of the ownership and board structure on the CSR disclosure. Finally, this study was conducted in a developing country with different regulations and socio-economic aspects as compared to developed countries. This study outlines important implications for regulatory bodies, organizations, the banking industry and other stakeholders.