Disclosures of Corporate Mission Statements in Bangladesh: A Supply Side Analysis
Md. Hamid Ullah Bhuiyan
University of Dhaka - Department of Accounting and Information Systems
Pallab Kumar Biswas
University of Dhaka
October, 14 2008
This paper discusses the purpose of mission statements and discusses their intended audiences. It also examines the theoretical rationale that leads to the disclosure of mission statements. The disclosure, length, and components of mission statements are also examined. Based on annual report, this study focuses on 14 specific components of mission statements. The study results show that 60 companies (35%) out of total sample of 171 listed public limited companies in Dhaka Stock Exchange are disclosing mission statements. The results also show that the companies are focusing more on customers, philosophy, financial goal, communities and products. 78% companies are somewhat focusing on MD stakeholders. Environmental disclosure has been found to be the least preferable component in the mission statement.
Number of Pages in PDF File: 17
Keywords: Signaling Theory, MD Stakeholders
JEL Classification: M49working papers series
Date posted: October 15, 2008
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