NAJUL LASKAR - Academia.edu (original) (raw)
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Sage
Purpose: The purpose of this article is to explore the disclosure of corporate sustainability (CS... more Purpose: The purpose of this article is to explore the disclosure of corporate sustainability (CS) practices and to examine the association between sustainability performance and financial performance in Asian context considering firms from India and Japan. Design/methodology/approach: The present study is based on secondary data collected from annual reports and CS reports of 28 and 35 listed non-financial firms from India and Japan from 2009 to 2014. Content analysis (binary coding system) is employed to calculate the sustainability disclosure score based on Global Reporting Initiatives (GRI) framework. Market-to-book ratio is used to measure the financial performance. These scores are further used to examine the impact of CS performance on financial performance employing both the panel data model and logit regression model. Findings: The study finds that the average level of disclosure is more in case of Japanese firm as compared to Indian firms. Using both the regression model, the study finds the influence of CS performance on financial performance is positive and significant for both the nations. However, the influence of CS performance is more in case of Japan than that of India. Moreover, the study also reveals that environmental factor is more dominating in influencing the financial performance in Japan. Whereas, in India, it is the social factor that dominates the financial performance. Originality/value: It is the first comprehensive study in Asia analyzing the CS practices using both the panel data regression model and logit regression model. Management and Labour Studies 42(2) 88-106
Emerald
Purpose-The purpose of this paper is to look into the sustainability practices of Indian firms in... more Purpose-The purpose of this paper is to look into the sustainability practices of Indian firms in terms of the quality of disclosure, the impact of corporate sustainability performance (CSP) on firm performance and the appropriateness of the sustainability reporting guidelines followed by the firms. Design/methodology/approach-The present study is based on secondary data collected from annual reports and corporate sustainability reports of 28 listed Indian non-financial firms from. Content analysis is used to calculate the score in terms of level (binary coding system) and quality of disclosure (four-point scale). These scores are further used to examine the impact of CSP on firm performance by using an appropriate regression model. Findings-The study finds that the average level of disclosure is 88 per cent, whereas the quality of disclosure is nearly 80 per cent. The influence of CSP (in terms of level and quality disclosure) on firm performance is positive and significant. Moreover, the study also reveals that the Global Reporting Initiatives framework is not sufficient enough to publish the sustainability report of any business concern. The outcomes of the study, thus, indicate that sustainability practices of Indian firms are not myth but approaching toward reality. Originality/value-It is the first comprehensive study in India to analyze the corporate sustainability reporting practices encompassing different dimensions of sustainability.
Inderscience
This paper examines the association between corporate sustainability performance and firm perform... more This paper examines the association between corporate sustainability performance and firm performance in India and South Korea from different prospectives. The study is based on the sample of 28 listed non-financial firms from India and 26 from South Korea for a period of six years from 2008-2009 to 2013-2014. Market to book ratio is used to measure the firm performance. Content analysis is employed for calculating the disclosure score relating to sustainability performance using the reporting format of Global Reporting Initiatives. Employing appropriate regression models, the results reveal positive and significant association between CSP (both in terms of level and quality) and MBR for both countries. The study also finds significant impact of all the three components of corporate sustainability on MBR. Moreover, the relative influence of CSP on firm performance is foundto be more in South Korea than in India.
Sage
Corporate social responsibility (CSR) has emerged as a crucial research domain over the last deca... more Corporate social responsibility (CSR) has emerged as a crucial research domain over the last decade due to the imperative that when CSR activities are communicated in the form of a report, it helps in improving firm performance. Thus, the main purpose of the present study is to analyse CSR disclosure trend in India and to investigate the association between CSR and the performance of the firm from. Content analysis is employed using Global Reporting Initiative (GRI) framework as a base to calculate the disclosure score relating to CSR and its components, that is, human related (HR) information, society related (SO) information and product related (PR) information. Firm performance is measured by Market to Book Ratio (MBR). CSR disclosure score is found to be increasing over the study period and regarding the components of CSR, the disclosure score of SO is found to be the highest (nearly 89 per cent) followed by HR (nearly 84 per cent) and PR (nearly 83 per cent). These scores are further utilised to find the influence of CSR (including its components) on firm performance using random generalised least squares (GLS) model. The results of the regression model indicate positive and significant impact of CSR (including its components) on firm performance.
Sage
Purpose: The purpose of this article is to explore the disclosure of corporate sustainability (CS... more Purpose: The purpose of this article is to explore the disclosure of corporate sustainability (CS) practices and to examine the association between sustainability performance and financial performance in Asian context considering firms from India and Japan. Design/methodology/approach: The present study is based on secondary data collected from annual reports and CS reports of 28 and 35 listed non-financial firms from India and Japan from 2009 to 2014. Content analysis (binary coding system) is employed to calculate the sustainability disclosure score based on Global Reporting Initiatives (GRI) framework. Market-to-book ratio is used to measure the financial performance. These scores are further used to examine the impact of CS performance on financial performance employing both the panel data model and logit regression model. Findings: The study finds that the average level of disclosure is more in case of Japanese firm as compared to Indian firms. Using both the regression model, the study finds the influence of CS performance on financial performance is positive and significant for both the nations. However, the influence of CS performance is more in case of Japan than that of India. Moreover, the study also reveals that environmental factor is more dominating in influencing the financial performance in Japan. Whereas, in India, it is the social factor that dominates the financial performance. Originality/value: It is the first comprehensive study in Asia analyzing the CS practices using both the panel data regression model and logit regression model. Management and Labour Studies 42(2) 88-106
Emerald
Purpose-The purpose of this paper is to look into the sustainability practices of Indian firms in... more Purpose-The purpose of this paper is to look into the sustainability practices of Indian firms in terms of the quality of disclosure, the impact of corporate sustainability performance (CSP) on firm performance and the appropriateness of the sustainability reporting guidelines followed by the firms. Design/methodology/approach-The present study is based on secondary data collected from annual reports and corporate sustainability reports of 28 listed Indian non-financial firms from. Content analysis is used to calculate the score in terms of level (binary coding system) and quality of disclosure (four-point scale). These scores are further used to examine the impact of CSP on firm performance by using an appropriate regression model. Findings-The study finds that the average level of disclosure is 88 per cent, whereas the quality of disclosure is nearly 80 per cent. The influence of CSP (in terms of level and quality disclosure) on firm performance is positive and significant. Moreover, the study also reveals that the Global Reporting Initiatives framework is not sufficient enough to publish the sustainability report of any business concern. The outcomes of the study, thus, indicate that sustainability practices of Indian firms are not myth but approaching toward reality. Originality/value-It is the first comprehensive study in India to analyze the corporate sustainability reporting practices encompassing different dimensions of sustainability.
Inderscience
This paper examines the association between corporate sustainability performance and firm perform... more This paper examines the association between corporate sustainability performance and firm performance in India and South Korea from different prospectives. The study is based on the sample of 28 listed non-financial firms from India and 26 from South Korea for a period of six years from 2008-2009 to 2013-2014. Market to book ratio is used to measure the firm performance. Content analysis is employed for calculating the disclosure score relating to sustainability performance using the reporting format of Global Reporting Initiatives. Employing appropriate regression models, the results reveal positive and significant association between CSP (both in terms of level and quality) and MBR for both countries. The study also finds significant impact of all the three components of corporate sustainability on MBR. Moreover, the relative influence of CSP on firm performance is foundto be more in South Korea than in India.
Sage
Corporate social responsibility (CSR) has emerged as a crucial research domain over the last deca... more Corporate social responsibility (CSR) has emerged as a crucial research domain over the last decade due to the imperative that when CSR activities are communicated in the form of a report, it helps in improving firm performance. Thus, the main purpose of the present study is to analyse CSR disclosure trend in India and to investigate the association between CSR and the performance of the firm from. Content analysis is employed using Global Reporting Initiative (GRI) framework as a base to calculate the disclosure score relating to CSR and its components, that is, human related (HR) information, society related (SO) information and product related (PR) information. Firm performance is measured by Market to Book Ratio (MBR). CSR disclosure score is found to be increasing over the study period and regarding the components of CSR, the disclosure score of SO is found to be the highest (nearly 89 per cent) followed by HR (nearly 84 per cent) and PR (nearly 83 per cent). These scores are further utilised to find the influence of CSR (including its components) on firm performance using random generalised least squares (GLS) model. The results of the regression model indicate positive and significant impact of CSR (including its components) on firm performance.