Bangladesh University of Professionals

Term Paper
On
“The CSR practice of the Bangladeshi company is sufficient or not”
(Companies who are operating their business in Bangladesh)

Course: Strategic Corporate Social Responsibility & Business Consultancy (MGT 4103)

Submitted by:
Name Roll
S.K Md Anik Hassan Rabby 17241040

Batch: Management Studies 2017

Section: B
Semester:7th Semester

Submitted to:
Dr. Md. Kashedul Wahab Tuhin
Associate Professor

Department of Business Administration in Management Studies

Faculty of Business Studies
Bangladesh University of Professionals
Mirpur Cantonment, Dhaka- 1216

Date of Submission: June 24, 2020

Abstract
Corporate social responsibility has gained unprecedented importance and become imperative to
any companies’ strategic decision making. Government alone will not be able to get success in
its endeavor to uplift society. Due to globalization liberalization and privatization corporate
environment is changing, then corporate have set up separate CSR wing for sustainable growth.
This paper explains the corporate social responsibility practices agenda for companies and
analyses the public companies CSR practices. Corporate social responsibility is a way by which
companies not only fulfill their responsibility for the society but also it is a practice of achieving
organization’s goal by reaching close to the stakeholders. The aim of this research was to assess
the effectiveness of Corporate Social Responsibility (CSR) practices of some local and foreign
companies operating in Bangladesh. The research specifically focused on the extent to which
companies practicing CSR complied with basic legal labor standards involving their employees.
The research involved identification of companies providing CSR, obtaining information about
the details of the CSR practices adopted at these companies (though looking at their website and
interviews) and an assessment of how well these companies complied with basic labor standards.
The research found that most CSR practicing companies practiced CSR in their own specific
way, and that few companies have discrete units for providing CSR or get advice from CSR
experts. It was often unclear how much money companies spend on CSR and it also found that
many of these companies, whilst providing CSR, did not comply with the law in providing basic
labor standards to their employees.

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Acknowledgement
At the very initiation, we want to pay our unending gratitude to the Almighty for giving us the
capability to complete this term paper. Throughout the journey of writing and exploring “The
CSR practice of the Bangladeshi company is sufficient or not”, there are many people we
want to sincerely thank. We want to express our gratitude to our encouraging and supporting
faculty Dr. Md. Kashedul Wahab Tuhin who has been an inspiration for us by giving his
genuine care and thorough ideas about Various situation of various topics of Management. His
important structures and rules helped us a great deal to set up this paper in a proper and precise
way.
Lastly, we want to thank every one of those individuals who have shared their perspectives, gave
fundamental information, especially for the time they had given, and also for providing honest
and sincere answers and for complimenting us throughout the proceeding of this paper. This
affirmation is insufficient to let them know how significant the effect of their contribution is on
this term paper.

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Letter of Transmittal
June 24, 2020
Dr. Md. Kashedul Wahab Tuhin
Associate Professor
Department of BBA in Management Studies
Bangladesh University of Professionals

Subject: Submission of the term paper on “The CSR practice of the Bangladeshi company is
sufficient or not”.

Dear Sir,
With due respect, hereby, we submit our term paper on “The CSR practice of the Bangladeshi
company is sufficient or not”.
We are glad to have such a great experience of making the term paper and have your pleasing
guidance in making this report. We sincerely tried to follow your instructions and worked really
hard to prepare the term paper. However, we hope and expect that if any undeliberate error arises
in the report, you will consider with mercy.
Finally, we would like to express our gratitude for your support and kind consideration.

Sincerely,
Name Roll
S.K Md Anik Hassan Rabby 17241040

2017 Batch
Department of BBA in Management Studies
Bangladesh University of Professionals

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Table of Content

Serial No. Table of Content Page No.

1. Abstract 1

2. Acknowledgment 2

3. Letter of Transmittal 3

4. Table of Content 4

5. Chapter one 5-8

1. Introduction
2. Statement of the Problem
3. Objectives of the Study
4. Scope of The Study
5. Limitations of the Study

6 2. literature review 9-11

6. 3. Topics Overview 12-13

8. 4. Methodology of Research 14

9. 5. Findings and analysis 15-23

10. 6.1 Recommendations 24

11. 6.2 Conclusion 25

12. 6.3 Reference 26

13 6.4 Annexure 27-32

Chapter one: Introduction

Corporate social responsibility (CSR) is a buzzword worldwide. For half a century, corporate
social responsibility (CSR) has served as the key vehicle for measuring and reporting a

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company’s broader impacts to the environment and for social accountability to stakeholders,
investors, and the public. The year 2019 set the stage for a significant CSR transformation in the
environmental realm, to some extent filling the gap resulting from a lack of progress on
environmental and climate change law. But now the COVID-19 pandemic arose. By the end of
2020’s first quarter, the world’s economy rapidly shifted from growing to preserving business.
Keeping employees safe, rapidly retooling resources toward the global fight against the
pandemic, and preserving core operations appropriately captured the full bandwidth of corporate
leaders. These priorities will define 2020.Because of this virus, every people are facing very
tough time. So, it’s high time to the company for their CSR practices. Now every big company
should come with their helping hand to save the people, save the society and also save the world.
So basically, the research will find out how much responsible the companies for the society in
any situation. their activity and the utilization of fund what they are rise for CSR.

The purpose of business is to make money. However, the profit motive is sometimes viewed as
less than virtuous because it emphasizes self-interest. Nevertheless, self-interest is not the same
as selfishness, which emphasizes one's own interests at others' expense. Self-interest is simply a
concern for financial reward and is arguably necessary if society is to be maximally productive
and efficiently allocate its resources (Geoffrey P. 2002). Profit rewards hard work and
innovation, incentives that most people need because otherwise it would be irrational to save and
invest rather than consume. Consequently, business organizations cannot operate successfully
without the cooperation of the society in which it is located. Businesses should assume social
responsibilities because they are among the few private entities that have the resources to do so.
The corporate world has some of the brightest minds in the world and it possesses tremendous
financial resources (Ahamed 2010). Thus, businesses should utilize some of their human and
financial capital in order to "make the world a better place." Mohammad Samiullah, Director,
Corporate Affairs & Company Secretary of Singer Bangladesh said, 'Corporate Social
Responsibility is one of the new dimensions in corporate management once if the focus was on
financial Management. Most of that time people were saying that maximization of profit is the
main objective of the company but in modern times we do not speak like that. We feel that the
company's corporate management's main objective is to achieve the corporate goal and
incentives as well. Whenever you have to achieve the corporate goal you think about the

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stakeholder's interest and at the same time the corporate social responsibility. Corporate Social
Responsibility is for progressive companies and definitely they will look after the under
privileged people, the distressed people and those who don't have the capacity to survive in this
society

1.1 Statement of the Problem

The main problem of this area is Most of the Bangladeshi companies are try to escape the part of
CSR. Though they rise fund for their CSR activities, they are not properly utilizing the fund.
Companies are always thinking about their profit but they forget the responsibility of them for
the society. Moreover, the existing nature of CSR activities done by the corporate bodies still
remains vague. It has recently become one of the cherished buzzwords and matter of expectation
among the modern business globally. But the problem arises when the company arise fund for
CSR and waived Tax but they are not properly distributed the actual amount for the society.
However, in developing nation like Bangladesh, the practice of CSR is rather of negative impact,
as structural approaches - through which CSR is administered and regulated in developing
countries - are often flawed and lacked practical applicability. Evidence infers that the main
reason for this is the ineffectiveness of the governments of developing countries in framing
policies and regulations that are capable of adequately addressing issues related to CSR. Besides
lack of effective government’s policies and regulations, research shows that Bangladeshi
companies (including the multinational companies in Bangladesh) are not fully embracing the
concepts of CSR reporting and social accountability standards and global codes of conducts
which are designed by Western corporations; and this has been contributing to the failure of
CRS practices and regulation in developing country like Bangladesh. Hence, as globalization is
likely to lead to the continual presence of multinational corporations in developing nations, it
suffices to say that the issue of practice and regulation of CSR need to be addressed in such
nations; and this represents the platform upon which this research study is based

1.2 Origin of the Study:

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Term Paper report is a practical part of academic studies. This is a reflection of academic
knowledge through practical work experience. Thus, this Term Paper report aims to reflect the
professional view of real-world working environment.
This Term Paper is an attempt to provide business students an orientation to a real-life business
situation in which we can observe and evaluate the use and applicability of the theoretical
concepts which were taught in the classrooms.
I have prepared this Term Paper with the mentioned topic that was suggested and supervised by
my academic supervisor Dr. Md. Kashedul Wahab Tuhin, Associate Professor, Department of
Business Administration, Dhaka University.

1.3 Objectives of the Study:

The main purpose of the research is every company claim that their CSR practice is better, they
are doing well, care about the society but the real picture is different. they are waived a huge
amount of tax by using the name of CSR. But it is high time for all the companies that will show
how much responsible they are for the society in this Corona period. And this research will also
find out their recent and previous CSR activities to compare it. There several points about the
objective of the research is given below:
 To identify the actual CSR funding of Bangladeshi companies.
 To identify the different types of CSR activities of Bangladeshi companies in this period.
 To understand how companies, manage their CSR fund and how they allocate the fund.
 To justify the effectiveness of the CSR practice of Bangladeshi companies during this
corona period.
 To determine how companies waived tax by operating CSR practices.
 To develop a moral view of the Bangladeshi companies who are not responsible about
their own society in any difficult situation.

1.4 Scope of The Study:

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The scope of the study is limited within Various types of companies in Bangladesh. It is also
limited within the organization who are practicing CSR. and especially within corporate social
Responsibility of the Companies. Here I discuss with the topics related to the effective CSR
practices of the Bangladeshi’s companies.

1.5 Limitations of the Study:

the research topic is totally new and there are no researchers worked on it before. and now the
situation of the country is not satisfactory to work on the field to collect face to face primary
data. as the topic is new that’s there are very few information is available. There are also some
other limitations which is given below:

 Due to inexperience and lack of knowledge about this new topics and function, many
concepts and applications were not discovered. This requires professional qualification.
 Minimum Primary Data Collection Scope.
 Very few present practical data found in the expense sector.

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Chapter Two: Literature review
There is in Bangladesh a long history of humanitarian activities from time immemorial. These
philanthropic activities included donations to different charitable organizations, poor people and
religious institutions ( Miyan 2006). The CSR World Wide portal conclude that, in Bangladesh
Civil society, business people and politicians view CSR in terms of philanthropy, particularly in
the schools and the healthcare sector. This focus is also rooted in the country's Islamic tradition
of calling upon those with more resources to help the disadvantaged. Accordingly, companies
are expected, most of all, to engage in benevolent works, for example by providing contributions
or in company training programs (The CSR World Wide portal, 2012).

Till now, most of the businesses in Bangladesh are family owned and first-generation
businesses. They are elaborate in community development work in the form of assistance
without having any definite policy regarding the expenses or any existing motive regarding
financial improvements in many instances. Moreover, most of the SMEs fall under the informal
sector having low management construction and resources to address the social and
environmental issues.

The debates on CSR practices in Bangladesh in its modern global terms, is relatively new. In
general, it is true that in Bangladesh, the status of labor rights practices, environmental
management and transparency in corporate governance is not acceptable, largely due to poor
implementation of existing laws and inadequate pressure from civil society and interest groups
like Consumer Forums. Globally, as CSR practices are gradually being integrated into
international business practices and hence is becoming one of the determining factors for market
accesses, it is becoming equally contributory for local acceptability. A focus on CSR in
Bangladesh would be useful, not only for improving corporate governance, labor rights, work
place safety, fair treatment of workers, community development and situation management, but
also for mechanization and ensuring global market access. By now, many CSR dimensions are
practiced in Bangladesh (Miyan 2006, Mondol,2009)

Though CSR is a comparatively new concept in Bangladeshi corporate culture, awareness of

corporate social reporting has quickly increased. All companies need to consider their CSR for

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two basic reasons. Firstly, there is intensifying pressure from stakeholders to do so (Belal, 2001
cited Azim 2011). Any company that does not develop and promote its CSR policy to all
stakeholders will face growing threats to its reputation. Secondly, because it makes sound
business sense, CSR augments the reputation of an organization, brings in new business and
improves stakeholder arrival (Kabir,2003 cited Azim 2011 ).
The government of Bangladesh has not imposed or proposed requirements for disclosure of
social and environmental performance. The Bangladesh Companies Act 1994 sets the general
framework for corporate financial reporting. However, no provisions regarding CSR exist in the
Companies Act 1994 (GoB, 1994). Until recently, there has not been a separate Bangladesh
Accounting Standard (BAS) regarding social and environmental reporting (IASCF, 2003). In
Bangladesh, CSR is still voluntary with the exception of disclosure of expenditures on energy
usage required under the Companies Act of 1994 and the Securities and Exchange Rules of
1987, which require the total amount spent on energy to be shown as a separate expenditure in
the notes to the financial statements (Belal, 2001). Since corporate social reporting disclosure is
voluntary in Bangladesh.

However, some progressive companies disclosed some information on community,

environmental and consumer related activities. Imam concludes that the sample listed companies
tend to represent a relatively minor quantity of disclosure when compared with corporate
financial disclosures. In the absence of independent verification, the credibility of information
disclosed is questionable. Furthermore Hossain et al. (2006) investigated CSR by using the
annual reports of 107 non-finance companies, for the financial year 2002-2003, showing that: an
average 8.33% of Bangladeshi companies disclose social and environmental information in their
corporate annual report. They concluded that the disclosure of social and environmental
information made by the listed companies in their corporate annual reports in Bangladesh is
"very disappointing" (Hossain et al., 2006 cited Azim 2011).

In recent years there is considerable pressure from various agencies for companies to act
responsibly and be accountable for the impacts they have on social, political and ecological
environments. Companies are also expected to participate in solving social problems, such as
poverty and infrastructure (Kok, Wiele, McKenna & Brown, 2001 cited Azim Mohammed

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2011). Miyan was hopeful that a number of corporations are now following an increased
commitment to CSR beyond just profit making and compliance with regulation. It also found
that initiatives in CSR activities in Bangladesh are pioneered by Multinational Companies. Since
Bangladesh is now exposed to global standards, it can be anticipated that the CSR activities in
Bangladesh will continue to be extended. Firms are now trying to uphold their corporate image
of socially responsible firms and consequently influence consumer buying decisions in favour of
the goods and services marketed by them (Miyan M Alimullah September 2006 )

Though it is explained that CSR is a set of practices that forms a part of good management or
business practices much of it is about transparency and disclosure. Many organizations find that
in actuality they already do much of what is considered "CSR" but often do not have formalized
systems to report on those activities. Additionally, CSR should not be viewed as an add-on
activity as it is a concept of good practice that cuts across an organization (Belal 2008.). Zakir et
al. disclosed that Bangladeshi firms should focus on CSR not only for improving corporate
governance, labour rights, fair treatment of workers, community development and environment
management, but also for industrialization and ensuring global market access. Ataur hopes that
the government of Bangladesh is going to undertake an initiative to promote CSR practices. The
objective would be to encourage the businesses to carry out the good citizen-like activities with
the aim to reversing the perceived trend of businesses to have little commitment to society.
(Ataur, 2008)

None of this research looked at the labour rights like workplace health and safety environment,
employment standards, including general holidays, annual vacations, working hours, unjust
dismissals, minimum wage, layoff procedures etc - issues that should be complied with by the
company as well as CSR standards.

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Chapter three: Topics overview

Definition of Corporate Social Responsibility

"There is one and only one social responsibility of business-to use it resources and engage in
activities designed to increase its profits so long as it stays within the rules of the game, which is
to say, engages in open and free competition without deception or fraud" by Milton Friedman in
2012 Good reads Inc

CSR
CSR is one of business’s responsibilities to its stakeholder and also a deliberate involvement by
corporation to viable advancement (Crane & Matten, 2007). In the period of growing corporate
financial gossips, CSR has come to being a significant policy for corporations worldwide to
develop their images as these events can possibly generate a brand image for corporations and
improve good relationships with stakeholders. Carrol (1991) defined corporate social
responsibility (CSR) as “an organization’s commitment to operate in an economically and
environmentally sustainable manner while recognizing the interests of all its stakeholders”. The
European Union’s (EU) Green Paper Promoting a European Framework for Corporate Social
Responsibility (2001) defined CSR as “a concept whereby companies integrate social and
environmental concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis.” CSR can be observed as an all-inclusive set of strategies,
observations, and programs that are combined with corporate actions, resource chains, and
assessment making procedures through the corporation and comprise duties for present and past
activities along with sufficient devotion to future effects. CSR’s efforts differ by segment, by
size, and by business even by geographical area. The concept of CSR is fairly vast and it
contains all the moral performances that rise the corporate productivity and can serve the interest
of all stakeholders.

CSR also refers to business decision making linked to ethical values, compliance with legal
requirements and respect for people, communities and the environment. It is a comprehensive set
of policies, practices and programmed that are integrated throughout business operations and
decision-making processes that are supported and rewarded by the top management The World
Business Council for Sustainable Development in its publication Making Good Business Sense
by Lord Holmes and Richard Watts, used the following definition for CSR. 'Corporate Social
Responsibility is the continuing commitment by business to behave ethically and contribute to
economic development while improving the quality of life of the workforce and their families as
well as of the local community and society at large' (http://www.mallenbaker.net/csr/definition.
php). For instance, CSR is a voluntary decision taken by corporations, it is integrated into the
strategic model of business in the form a self-regulating mechanism that lets them monitor and

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ensure their adherence to ethical standards, law and international norms. Fundamentally, CSR is
governed by the Triple Bottom Line (TBL) i.e. People, Planet, and Profit. By incorporating CSR
policies, businesses embrace their responsibility towards the environment, consumers,
employees, stakeholders, suppliers, communities and the other members of the community, and
contribute to their social obligations by promoting and encouraging community development
and eliminating the practices that harm it (admin 2011). However, the scope of CSR in corporate
board rooms to be management ranks have pervaded and continue to gain momentum (Hill,
2006 cited Belal 2008). It is also recognized as Corporate Responsibility, Corporate Citizenship,
Responsible Business, or Social Action Program, Sustainable Responsible Business (SRB),
Corporate Social Performance or Corporate Sustainability and Responsibility. It is gratifying
more and more vital initiative of businesses both nationally and internationally. Proponents
argue that corporations make more long term profits by operating with a perspective. As per
Wikipedia, "Ideally, CSR policy would function as a built-in, self-regulating mechanism
whereby business would monitor and ensure its support to law, ethical standards, and
international norms. Consequently, business would embrace responsibility for the impact of its
activities on the environment, consumers, employees, communities, stakeholders and all other
members of the public sphere. Furthermore, CSR-focused businesses would proactively promote
the public interest by encouraging community growth and development, and voluntarily
eliminating practices that harm the public sphere, regardless of legality. " It is to be remembered
that a company's business model should be socially responsible and environmentally sustainable.
By socially responsible, it means that the company's activities should benefit the society and by
environmentally sustainable it means that the activities of the company should not harm the
environment (Wikipedia, 2012). There are more responsibilities like economic, legal, and
Ethical responsibility. The economic responsibilities lay the foundation of all social obligations
and are deeply rooted in the classical doctrine of "business of business is business" as endorsed
by noble laureate Milton Friedman (1970). Legal responsibilities are mandatory for corporations
as these are prescribed by law. Therefore, corporations have no choice but to comply with these
basic "ground rules" (Carrol, 1979, p. 50). Ethical responsibilities of corporations are additional
responsibilities going beyond legal compliance and profit making and include those that firms
believe are the right things to do. Ethical responsibility stems from humanistic, religious and
moral orientation of corporations (Lantos, 2001). The discretionary responsibilities refer to the
voluntary nature of obligations rooted in the altruistic principles that are neither required by law

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Chapter Four: Methodology of the study

Type of Research:
As the situation is not up to the mark in Bangladesh because of corona virus, so in time it is very
tough to collect primary date by visiting place or face to face interview. So, the research design
mainly focus on the secondary data and some portion will come from primary date. But both
primary and secondary data will be collected through the online.
For analyzing the whole industry all the existing six mobile operators are taken as sample
number for analyzing growth, market share & other related factors.
Survey Methods:
The overall method of collecting data can be divided into two categories:
Primary Data Collection
Secondary Data Collection
Sample design
A survey of approximately 20 companies located in Bangladesh. Throughout the companies will
provide the database for this study. The sample will be collected basis on those companies’ value
(net wealth) and their CSR practices. But if the company will not agree to share the information
that time the survey.
In this survey only the eligible companies will be added who are registered according to the
Bangladeshi rules and regulations. If possible, there will be conduct some interview session
through online to collect primary data. The responsible person will be selected for interview
according to the position.
Most of the sample information will be collected from the annual reports of the company which
they published every year and minimum 4 categories of company will be selected for this
research
Data gathering
most of the information will be collected from the secondary sources. And the collection of data
conducted from the company’s website and their annual report. Some information will be
collected from the interview.
Data Processing and Analysis
Data processing and the analysis will be conducted by the excel. Sample tabulation and cross
tabulation will be utilized to analyses data.
Report preparation
This research will be written report. Where the research contains several information about CSR
practice of Bangladesh. compare the topics with other countries. It also contains several analysis,
findings and determinations.

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Data Analysis and Interpretation:
All the data that are presented through charts & tables are also presented through graphical
presentation. These graphs are interpreted by analyzing the scenario that acts as an indicator for
different analysis.
Chapter Five: Findings and Analysis

This study examined the current practice of CSR and the extent to which these same companies
complied with labor standards in Bangladesh. The analysis suggested that the investment of
Bangladesh companies in social responsibility was not significant, particularly in light of their
large annual profits. Also, some of the CSR practicing companies did not follow the labor act
properly in their organization. The major areas in which CSR activities were undertaken are
underprivileged child development, education, health, youth development/Sport, and
Environment. And Bangladeshi companies are more or less practicing CSR regularly.

Here, most interviewed companies were hesitant to report their yearly CSR Budget in their
annual report. Only Singer Bangladesh, Summit Power, Apex Tannery and Titas Gas presented
the amount of financial aid for CSR activities to their Annual Report

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To understand effectiveness of Bangladeshi companies CSR practice here I have done
some hypothesis. The measurement contains some test like One sample t test, Chi square,
independent variable test, regression etc.

Hypothesis 1: Category of the company effects on their CSR activities.

Ho: Category of the company has no effects on their CSR activities

Ha: Category of the company effects on their CSR activities

Chi-Square Tests
Value df Asymptotic Significance (2-sided)
Pearson Chi-Square 13.567a 12 .329
Likelihood Ratio 15.271 12 .227
Linear-by-Linear .280 1 .597
Association
N of Valid Cases 40
a. 16 cells (80.0%) have expected count less than 5. The minimum expected count is .13.

Here the Chi-Square Tests result, .329 > .05, So the null hypothesis is not rejected
And the alternative hypothesis is rejected.
So. According to the result category of the company has no effects on their CSR activities.

Now we can say that according to my respondents practicing is not depend on the categories of
the company. Every company can practice CSR. And according to my survey we can find that
more or less every company from different industries practicing CSR regularly.

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Hypothesis 2: There is a positive relation with the Practicing CSR regularly and treating
well with the employees.

Ho: Practicing CSR regularly = treating well with the employees

Ha: Practicing CSR regularly ≠ treating well with the employees

T-Test

Group Statistics
Do your company N Mean Std. Std. Error Mean
properly treat the Deviation
employee?
Your company yes 30 2.07 .583 .106
practice CSR no 10 2.30 .483 .153
regularly

Independent Samples Test

Levene's Test for Equality of t-test for Equality o
Variances
F Sig. t df

Your company practice Equal variances assumed .431 .516 -1.139 38

CSR regularly Equal variances not -1.253 18.517
assumed

Here the result of Independent Samples Test, .226 > .05, So the null hypothesis is not rejected
And the alternative hypothesis is rejected.
So, Practicing CSR regularly = treating well with the employees
According to my research companies who are practicing CSR, they are also take care of their
employees. They treat well with their workers. And from my interview I noticed that the
companies who are practicing CSR regularly they also contribute for their employees well-
being.

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Hypothesis 3: Bangladeshi companies contribute to the health, education and environment
sector.

Ho: Bangladeshi companies are not contributing to the health, education and environment sector

Ha: Bangladeshi companies contribute to the health, education and environment sector

T-Test
One-Sample Test
Test Value = 3
t df Sig. (2- Mean 95% Confidence Interval of
tailed) Difference the Difference
Lower Upper
Your company -5.731 39 .000 -.80000 -1.0824 -.5176
contribute to the
health sector
Your company -5.188 39 .000 -.70000 -.9729 -.4271
contribute to the
environment
sector
Your company -2.564 39 .014 -.37500 -.6709 -.0791
contribute to the
Education sector

Here I find out three One-Sample Test together of three variables, about health, education and
environment sector and the result
Health sector, .000 < .05
Environment sector, .000 < .05
Education Sector, .014 < .05

So, for all the test here the null hypothesis is rejected,
And the alternative hypothesis is not rejected
So, Bangladeshi companies contribute to the health, education and environment sector

According to my survey most of the companies Try to contribute all the sectors of Bangladeshi
but some companies can and some companies cannot. But top organizations are regularly
contributing to the health, environment and education sectors.

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Hypothesis 4: Bangladeshi companies practice CSR as per the Government Rules and
regulation.

Ho: Bangladeshi companies practice CSR are not as per the Government Rules and regulation.

Ha: Bangladeshi companies practice CSR as per the Government Rules and regulation.

T-Test
One-Sample Test
Test Value = 3
t df Sig. (2- Mean 95% Confidence Interval of
tailed) Difference the Difference
Lower Upper
Your company -5.099 39 .000 -.600 -.84 -.36
practice CSR as
per the
Government
Rules and
regulation

Here the one sample test result, .000 < .05, so the null hypothesis is rejected
And the alternative hypothesis is accepted.
So, we can say that, Bangladeshi companies practice CSR as per the Government Rules and
regulation.

According to my respondent’s Bangladeshi companies follow the rules and regulations of the
government, as we know that
there are very few rules comes
from government for practicing
CSR but the companies have to
contribute in a legal way. There
are several observations comes
from Bangladesh bank but most
of the companies trying to
follow all the terms. That’s
why here the null hypothesis is
rejected. From the chart we get
here 52.5% companies claim that they are practice CSR as per the Government Rules and
regulation.

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Hypothesis 5: Bangladeshi companies are effectively practicing CSR during this Covid-19
pandemic period.

Ho: Bangladeshi companies are not effectively practicing CSR during this Covid-19 pandemic
period

Ha: Bangladeshi companies are effectively practicing CSR during this Covid-19 pandemic
period

One-Sample Test
Test Value = 3
t df Sig. (2- Mean 95% Confidence Interval of
tailed) Differenc the Difference
e Lower Upper
Your company is -4.891 39 .000 -.52500 -.7421 -.3079
effectively
practicing CSR
during this
Covid-19
pandemic period

Here the one sample test result, .000 < .05, so the null hypothesis is rejected
And the alternative hypothesis is accepted.
So, we can say that, Bangladeshi companies are effectively practicing CSR during this
Covid-19 pandemic period.

According to my respondent most of the Bangladeshi companies, they are active about their
CSR practice in the CORONA
pandemic period. All the companies
more or less try to contribute in this
tough time. Here we found that from
my respondent that 55% companies
claim that they are agree with the
statement and here 30% are neutral.
So that we can say that Bangladeshi
companies are well organized about
their CSR activities.

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Hypothesis 6: Practicing CSR regularly effect on the Company’s overall good grade.

Ho: Practicing CSR regularly has no effects on companies’ Good grade

Ha: Practicing CSR regularly effect on the Company’s overall good grade

Crosstabs

Chi-Square Tests
Value df Asymptotic Significance (2-sided)
Pearson Chi-Square 28.379a 12 .005
Likelihood Ratio 25.220 12 .014
Linear-by-Linear 14.961 1 .000
Association
N of Valid Cases 40
a. 18 cells (90.0%) have expected count less than 5. The minimum expected count is .
03.

Here the Chi-Square Tests result, .005 < .05, So the null hypothesis is not rejected
And the alternative hypothesis is rejected.
So. According to the result Practicing CSR regularly effect on the Company’s overall good
grade.

According to my survey most of the companies claim that they are regularly practicing CSR.
Here 75% company agree with the
statement and the result proved
that companies who are
regularly practicing CSR they get
overall good grad from the
respondent. So effective CSR
practice effect on various
issues as like getting good
grade from the researcher .

21 | Page
Hypothesis 7: Tax evasion positively influence to practicing CSR regularly

Ho: There is a no relation with the tax evasion and CSR practice

Ha: There is a positive relation with tax evasion and CSR practice.

Regression

Coefficientsa
Model Unstandardized Standardize t Sig.
Coefficients d
Coefficients
B Std. Error Beta
1 (Constant) 2.477 .253 9.790 .000
Your company -.120 .081 -.234 -1.482 .147
practicing CSR to
cheat the TAX.
a. Dependent Variable: Your company practice CSR regularly

Here the Regression result is, .147 > .05, null hypothesis is not rejected
And the alternative hypothesis is rejected.
So here we can say that There is a no relation with the tax evasion and CSR practice.

According to my respondents there are no relation found in Tax evasion and CSR practice.
Because most of the companies try to contribute for CSR willingly. But yes some of companies
doing this for

22 | Page
Observational Findings
 Companies have a preference to financially assist their employee's children's education
purpose. In 2011, for example, Beximco Pharma offered assistance to a total of 36
meritorious students coming from diverse academic backgrounds. Similarly, Titas Gas
donated Employee's dependants who did well at secondary, higher secondary, graduation
and post-graduation level were granted scholarships under "Titas Gas Education
Scholarship & Financial Assistance Programme". In 1987, "Titas Gas Adarsha Uchcha
Biddyaloya" was established at the premises of Titas Gas Office at Demra, Dhaka.

 Companies are interested to donate in Art, Cultural and Sports sector: For instance,
SINGER Bangladesh Limited in association with media partner Channel i, has
introduced SINGER-CHANNEL I BRAVERY AWARD: KINGBODONTI, first of its
kind in the country, from 2011. The objective of this award is to recognize and honor
brave souls of the country who are making a difference through their selfless acts.
Similarly, in 2011 Beximco, sponsored and organized the grand cultural event, at the
National Museum, marking the 150th birth anniversary of Rabindranath Tagore. Summit
believes in the eagerness, strength and compassion amongst the youth and aims to boost
up the spirit within the Bangladeshi youth and so supports and sponsor North Alpine
Club Bangladesh – NACB

 Some companies are environmentally conscious and take initiative, such as IDLC finance
has launched an environmental awareness campaign in different school, in partnership
with LEADS, targeting primary school children. On environmental issues, Summit
Power gives high priority to protecting the environment and their humble efforts in this
regard included extensive number of sapling plantation in the Company's power plants
and neighboring places.

23 | Page
6.1 Recommendations

The highest emphasis should be given to the education sector. Because, it is the backbone of a
nation.
 Special initiatives should be taken for women empowerment.
 Bangladesh is doing well in sports in recent times. It needs to boost more through CSR
activities.
 Environment is a growing concern all over the world. So, it is needed to give special
concern.
 Expansion of technology needed provides good concern.
 Invention function is also needed to provide favorable care.
 Both banks invest in industries that produce social, cultural, or religious development.
 Banks can invest in green business.
 Ensuring those investments that are harmful for the banks as well as their clients and
environment.
 Bank can patronize green IT sectors.
 Establishing a fund to support the victim of natural disaster.
 Needed to effort pros and cons of CRS act in Bangladesh.

24 | Page
6.2 Conclusion
The idea of CSR has turn into progressively more common in business practices and
stakeholders today almost expect companies to be socially responsible. According to it, every
business house owes some responsibility towards the society, nation and world in general.
Considering the long run sustainable development following the norms of CSR, developing new
policies and effective implementation are inevitable to bring and sustain a balance between
corporate world and society. Grameenphone has gone a long way in fulfilling its duty and
responsibility towards the society but still many more to do for society. Bangladesh, as a third
world state, has lots of complications. The government frequently discovers themselves helpless
while it approaches to the solution of these difficulties. As corporate possessors of this state are
measured as a part of the wealthy unit of the society and they can donate more profoundly in the
direction of the improvement of the society. CSR has become a standard of generally legitimate
corporate effort and the acceptance of its gradual rises. By CSR events, business groups can do
societal and charitable events for fostering justifiable and supportable social progress. After the
study, it is crystal clear that banks are conscious about CSR activities and their donations are
growing over the year. However, the involvement is not satisfactory for a state like Bangladesh,
where around a lot of CSR parts are essential to more charities from the business segments.
Government and Bangladesh Bank should shape a more appropriate standard to increase the
CSR support

25 | Page
6.3 Reference

1. P Schreck, The Economic Impact of Corporate Social Responsibility (Physica Verlag

Heidelberg 2009)2
2. Aguinis, H., and G. Ante. 2012. “What We Know and Don’t Know about Corporate
Social Responsibility: A Review and Research Agenda.” Journal of Management 38,
no. 4, p. 933
3. Alimullah, M. (2006). Dynamics of corporate social responsibility—Bangladesh
context. Journal of AIUB Bangladesh, 3(1), 13-32. Azim, M., Ahmed, E., & D’Netto,
B. (2011). Corporate social disclosure in Bangladesh: A study of the financial sector
4. Yoon, Y., Gürhan-Canli, Z., & Schwarz, N. (2006).The effect of corporate social
responsibility (CSR) activities on companies with bad reputations. Journal of
Consumer Psychology, 16(4), 377-390
5. THE DAILY STAR Monday, July 16, 2012 Business Many still see CSR as
philanthropy: study Star Business Report.
http://www.thedailystar.net/newDesign/news-details.php?nid=242259
6. Hossain, MA, Islam, KS and Andrew, J, (October 2006). Corporate Social and
Environmental Disclosure in Developing Countries: evidence from Bangladesh
(Asian Pacific Conference on International Accounting Issues, Hawaii,
http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1194&context=commpapers

Hyperlinks
1. https://www.academia.edu/19855348/Corporate_Social_Responsibility_CRS_in_
Bangladesh_Regulation_and_Practice
2. https://www.researchgate.net/publication/303823454_Corporate_Social_Respons
ibility_in_Bangladesh_A_Comparative_Study_of_Commercial_Banks_of_Bangl
adesh
3. https://prowly.com/magazine/corporate-social-responsibility-in-the-age-of-covid-
19/

26 | Page
6.4 Annexure
Hypothesis 1: Category of the company effects on their CSR activities. (chi square)

Case Processing Summary

Cases
Valid Missing Total
N Percent N Percent N Percent
Your company practice40 100.0% 0 0.0% 40 100.0%
CSR regularly * Category
of the company

Your company practice CSR regularly * Category of the company Crosstabulation

Count
Category of the company
Multinationa local
Bank l telecom RMG company Total
Your company practicestrongly agree1 0 1 1 0 3
CSR regularly agree 6 7 3 4 10 30
neutral 0 0 1 3 2 6
Disagree 1 0 0 0 0 1
Total 8 7 5 8 12 40

Chi-Square Tests
Asymptotic
Significance
Value df (2-sided)
Pearson Chi-Square 13.567a 12 .329
Likelihood Ratio 15.271 12 .227
Linear-by-Linear .280 1 .597
Association
N of Valid Cases 40
a. 16 cells (80.0%) have expected count less than 5. The
minimum expected count is .13.

27 | Page
One-Sample Statistics
N Mean Std. Deviation Std. Error Mean
Your company practice40 2.40 .744 .118
CSR as per the Government
Rules and regulation

One-Sample Test
Test Value = 3
95% Confidence Interval
Sig. (2-Mean of the Difference
t df tailed) Difference Lower Upper
Your company-5.099 39 .000 -.600 -.84 -.36
practice CSR as per
the Government
Rules and regulation

Hypothesis 5: Bangladeshi companies are effectively practicing CSR during this Covid-19
pandemic period.

Ho: Bangladeshi companies are not effectively practicing CSR during this Covid-19 pandemic
period

Ha: Bangladeshi companies are effectively practicing CSR during this Covid-19 pandemic
period

One-Sample Statistics
Std. Error
N Mean Std. Deviation Mean
Your company is40 2.4750 .67889 .10734
effectively practicing
CSR during this Covid-
19 pandemic period

One-Sample Test
Test Value = 3

28 | Page
 95% Confidence Interval
Sig. (2-Mean of the Difference
t df tailed) Difference Lower Upper
Your company is-4.891 39 .000 -.52500 -.7421 -.3079
effectively practicing
CSR during this
Covid-19 pandemic
period

Hypothesis 6: Practicing CSR regularly effect on the Company’s overall good grade.

Ho: Practicing CSR regularly has no effects on companies’ Good grade

Ha: Practicing CSR regularly effect on the Company’s overall good grade

Crosstabs

Notes
Output Created 22-JUN-2020 10:43:05
Comments
Input Data C:\Users\Anik
Hassan\Documents\DataS
et0.sav
Active Dataset DataSet1
Filter <none>
Weight <none>
Split File <none>
N of Rows in Working40
Data File
Missing ValueDefinition of Missing User-defined missing
Handling values are treated as
missing.

29 | Page
 Cases Used Statistics for each table
are based on all the cases
with valid data in the
specified range(s) for all
variables in each table.
Syntax CROSSTABS
/TABLES=grade BY
companyprac
/FORMAT=AVALUE
TABLES
/STATISTICS=CHISQ
/CELLS=COUNT
/COUNT ROUND
CELL.
Resources Processor Time 00:00:00.00
Elapsed Time 00:00:00.06
Dimensions Requested 2
Cells Available 524245

Case Processing Summary

Cases
Valid Missing Total
N Percent N Percent N Percent
Grade your company for40 100.0% 0 0.0% 40 100.0%
their CSR activities out
of 5, * Your company
practice CSR regularly

Grade your company for their CSR activities out of 5, * Your company practice CSR
regularly Crosstabulation
Count
Your company practice CSR regularly
strongly agree agree neutral Disagree Total
Grade your company for1 0 0 1 0 1
their CSR activities out2 0 1 3 1 5
of 5, 3 0 14 2 0 16
4 2 11 0 0 13
5 1 4 0 0 5
Total 3 30 6 1 40

30 | Page
Chi-Square Tests
Asymptotic
Significance
Value df (2-sided)
Pearson Chi-Square 28.379a 12 .005
Likelihood Ratio 25.220 12 .014
Linear-by-Linear 14.961 1 .000
Association
N of Valid Cases 40
a. 18 cells (90.0%) have expected count less than 5. The
minimum expected count is .03.

31 | Page