_.gif)
_.gif)
The Influence of Good Corporate Governance and Stakeholder Pressure on the Quality of Sustainability Report Disclosures
Abstract
Economic recovery after the Covid-19 pandemic must prioritize sustainability. The current government continues to make the economy run together with many parties (Kontan, 2020). As a result of the COVID-19 pandemic, 2020 has been marked as a turning point in environmental, social, and governance (ESG) investment due to ongoing global challenges. Due to the higher tension of climate change issues and the current socio-political environment, more businesses are encouraged to embrace a commitment to the ESG (environmental, social, and governance) framework. The population in this study are companies listed on the Indonesia Stock Exchange (IDX) and in the energy, raw materials, industry, and infrastructure sectors and issuing sustainability reports during the period 2015 - 2020. The company's annual report data is obtained from the publication on the website of the Indonesia Stock Exchange (IDX). Media exposure Data obtained by online newspaper media. Good Corporate governance and stakeholder pressure (shareholders, employees, government, and media) significantly influence the disclosure of Sustainability reports in the energy, raw goods, industrial, and infrastructure sector companies in the 2015-2020 period. However, the study found that stakeholder pressure from employees had a significant negative impact on the disclosure of the Sustainability Report. This result shows that, decreasing the number of employees can increase the disclosure of Sustainability Report. Because, for most employees, the disclosure of the Sustainability Report has no effect if there is no direct impact felt by the employee.
Keywords
Full Text:
PDFReferences
Afnan, A., & Rahardja. (2014). The Influence of the Size of the Board of Commissioners and the Proportion of Independent Commissioners on Financial Performance with Earnings Management as an Intervening Variable. Diponegoro Journal of Accounting, 3(3), 1-13.
Aggarwal, R. J. (2019). Board diversity and firm performance: The role of business group affiliation.InternationalBusinessReview. doi:https://doi.org/10.1016/j.ibusrev.2019.101600
Amran, AL (2014). The influence of governance structure and strategic corporate social responsibility toward sustainability reporting quality. Business Strategy and the Environment. doi:https://doi.org/10.1002/bse.1767
Anggraeni, DY (2017). Slack resources, Board Feminism, and the Quality of Corporate Social Responsibility Disclosure. Indonesian Journal of Accounting and Finance.
Aniktia, R. K. (2015). The Influence of Good Corporate Governance Mechanisms and Financial Performance on Sustainability Report Disclosure. . Accounting Analysis Journal. doi:https://doi.org/10.15294/aaj.v4i3.8303
Arikunto, S. (2019). Research Procedures (Revised). Rineka Cipta.
Arena, C.B. (2015). Environmental Reporting: Transparency to Stakeholders or Stakeholder Manipulation? An Analysis of Disclosure Tone and the Role of the Board of Directors. Corporate Social Responsibility and Environmental Management. doi:https://doi.org/10.1002/csr.1350
Bear, S. (2010). The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation. Journal of Business Ethics. doi:10.1007/s10551- 010-0505-2
Brigham, E.F. (2006). Fundamentals of Financial Management: Basics of Financial Management.
Buxton, M. &. (2014). Escalation of commitment: the effects of magnitude of loss, monitoring and the presence of an alternative investment. Can a project 90% complete be stopped? Journal of Accounting and Finance.
Chams, N. &.-B. (2019). Sustainable or not sustainable? The role of the board of directors.
Journal of Cleaner Production. doi:https://doi.org/10.1016/j.jclepro.2019.04.118
Činčalová, S. &. (2019). How is Corporate Social Responsibility Meant: Analysis of 100 Definitions. Proceedings of the International Scientific Conference Hradec Economic Days 2019. doi:https://doi.org/10.36689/uhk/hed/2019-01-010
Company, M.a. (2010). McKinsey Global Survey Results: Moving Women to the Top Survey. New York: McKinsey and Company.
Derry, R. (2002). Feminist Theory and Business Ethics. A Companion to Business Ethics (Blackwell Publishers, Oxford).
Dowling, J. &. (1975). Pacific Sociological Association Organizational. The Pacific Sociological Review.
Formentini, M. &. (2016). Corporate sustainability approaches and governance mechanisms in sustainable supply chain management. Journal of Cleaner Production. doi:https://doi.org/10.1016/j.jclepro.2014.12.072
Foster, J. (1999). An Invitation to Dialogue, Clarifying the Position of Feminist Gender Theory in Relation to Sexual Difference Theory. Gender and Society.
Gray, R. O. (1996). Accounting and Accountability: Changes and Challenges in Corporate Social and Environmental Reporting. Prentice-Hall.
Hadi, N. (2009). Social Responsibility: Study of the Theoretical Framework, and its Role in Research in the Field of Accounting. Journal of Economics and Business.
Hussain, N. R. (2018). Corporate Governance and Sustainability Performance: Analysis of Triple Bottom Line Performance. Journal of Business Ethics. doi:https://doi.org/10.1007/s10551-016-3099-5
Idah. (2013). Corporate Governance and Company Characteristics in Sustainability Report Disclosure. Accounting Analysis Journal. doi:https://doi.org/10.15294/aaj.v2i3.2530
Imam Ghozali (2011). Multivariate Analysis Application with the IBM SPSS 19 Program. Semarang: Diponegoro University Publishing Agency.
Khafid, M., & Arief, S. (2017). Managerial ownership, corporate governance and earnings quality: The role of institutional ownership as moderating variable. Pertanika Journal of Social Sciences and Humanities, 25(October 2017), 241–254.
Khafid, M. (2015). The Moderating Role of Institutional Ownership on the Determinants of Profit Predictability. II Regional Accounting Conference. East Java.
Kusumaningtyas, TK (2015). The Influence Of Good Corporate Governance On The Value Of Companies Listed On The Sri-Index
KEHATI. Journal of Accounting Science & Research.
Khaveh, A., Nikhasemi, S.R., Haque, A., & Yousefi, A. (2012). Environmental and social performance disclosure and shareholders' wealth-a perspective from Malaysian companies. Australian Journal of Business and Management Research, 1(12), 33-41.
Liao, L.L. (2015). Gender diversity, board independence, environmental committee and greenhouse gas disclosure. British Accounting Review. doi:https://doi.org/10.1016/j.bar.2014.01.002
Lin, Y.a. (2017). Does Institutional Ownership Influence Firm Performance? Evidence from China. International Review of Economics and Finance.
Machold, S. A. (2008). Corporate governance and ethics: A feminist perspective. Journal of Business Ethics.
Müller, A. L. (2014). Business transformation towards sustainability. Business Research.
Naciti, V. (2019). Corporate governance and board of directors: The effect of a board composition on firm sustainability performance. Journal of Cleaner Production. doi:https://doi.org/10.1016/j.jclepro.2019.117727
Nadeem, M. Z. (2017). Boardroom gender diversity and corporate sustainability practices: Evidence from Australian Securities Exchange listed firms. Journal of Cleaner Production. doi:https://doi.org/10.1016/j.jclepro.2017.02.141
O'Donovan, G. (2000). Legitimacy Theory As An Explanation For Corporate Environmental Disclosures. Accounting and Finance.
Pemer, FB (2020). The role of chief executive tenure for public organizations' hiring of management consultants. Governance. doi:https://doi.org/10.1111/gove.12422
Prakarsa, W. (2007). Corporate governance: An inevitability. Journal of Economic Reform.
Purwanto, EA, & Sulistyastuti, DR (2011). Quantitative Research Methods. Yogyakarta: Gava Media.
Riduwan. (2013). Basics of Statistics. Bandung: Alphabeta.
Rustiarini, NW (2011). The Influence Of Stock Ownership Structure On Corporate Social Responsibility Disclosures. Scientific journals
Accounting and Business.
Sari, AR (2013). The Influence of Institutional Ownership, Composition of the Board of Commissioners, and Company Performance on the Extent of Corporate Social Responsibility Disclosure in Sustainability Reports in Manufacturing Companies Listed on the IDX. Journal of Management Applications.
Shahbaz, M.K. (2020). Board attributes, CSR engagement, and corporate performance: What is the nexus in the energy sector? Energy Policy. doi:https://doi.org/10.1016/j.enpol.2020.111582
Sofiamira, N.A. (2017). Capital Expenditure, Leverage, Good Corporate Governance, Corporate Social Responsibility: Their Influence on Company Value. Journal of Economics and Business. doi:https://doi.org/10.24914/jeb.v20i2.691
Sudarno, F.A. (2015). Analysis of the Influence of Good Corporate Governance on Environmental Reporting. Diponegoro Journal of Accounting.
Sugiyono. (2017). Quantitative, Qualitative, and R&D Research Methods. Alphabet.
Teece, D.J. (2019). A capability theory of the firm: an economics and (strategic) management perspective. New Zealand Economic Papers.
Tjahjadi, BS (2021). Good corporate governance and corporate sustainability performance in Indonesia: A triple bottom line approach. Heliyon. doi:https://doi.org/10.1016/j.heliyon.2021.e06453
Triyono, &. A. (2016). Determinants and Role of Corporate Governance Quality in the Relationship Between Ownership Structure and Company Characteristics and Company Performance. The 3rd University Research Colloquium.
Umar, H. (2013). Research Methods for Theses and Theses. Rajawali.
Velte, P. (2016). Women on management boards and ESG performance. Journal of Global Responsibility. doi:https://doi.org/10.1108/JGR-01-2016-0001
Wicaksono. (2000). Responsibilities of Shareholders, Directors and Commissioners of Limited Liability Companies. Visimedia Publishers.
Widyati, MF (2013). The influence of the board of directors, independent commissioners, audit committee, managerial ownership and institutional ownership on financial performance. Management science journal.
Winter, B. (2000). Who Counts (or doesn't count) What as Feminist Theory? Feminist Theory. Zehnder, E. (2000). Corporate Governance and the Role of the Board of Directors. Strategic
Management Journal.
Siregar, I. (2023). Phenomenological Analysis of Consumer Shopping Behavior in Asia and Europe. Konfrontasi: Jurnal Kultural, Ekonomi Dan Perubahan Sosial, 10(1), 25-33. https://doi.org/10.33258/konfrontasi2.v10i1.264
University, M. (2021, March 15). The relationship of language and society in sociolinguistics. Taken back from masoemuniversity.ac.id: https://masoemuniversity.ac.id/berita/hubungan-bahasa-dan-masyarakat-dalam-sosiolinguistik.php
DOI: https://doi.org/10.33258/birci.v7i1.7865
Article Metrics
Abstract view : 1 timesPDF - 2 times
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.