Disclosures of Corporate Mission Statements in Bangladesh: A Supply Side Analysis

17 Pages Posted: 15 Oct 2008

See all articles by Md. Hamid Ullah Bhuiyan

Md. Hamid Ullah Bhuiyan

University of Dhaka - Department of Accounting and Information Systems

Pallab Kumar Biswas

University of Otago

Date Written: October, 14 2008

Abstract

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.

Keywords: Signaling Theory, MD Stakeholders

JEL Classification: M49

Suggested Citation

Bhuiyan, Md. Hamid Ullah and Biswas, Pallab Kumar, Disclosures of Corporate Mission Statements in Bangladesh: A Supply Side Analysis (October, 14 2008). Available at SSRN: https://ssrn.com/abstract=1284684 or http://dx.doi.org/10.2139/ssrn.1284684

Md. Hamid Ullah Bhuiyan

University of Dhaka - Department of Accounting and Information Systems ( email )

University of Dhaka
Ramna, Dhaka, 1000
Bangladesh

Pallab Kumar Biswas (Contact Author)

University of Otago ( email )

P.O. Box 56
Dunedin, Otago 9010
New Zealand
+64 3 679 8108 (Phone)

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