Impact of Board Size, Profitability, Public Ownership, and Media Exposure on CSR Disclosure
Abstract
CSR disclosure serves as a mechanism for companies to communicate their social and environmental impacts to stakeholders. This study investigates the correlation between profitability, public ownership, media exposure, and board size with CSR disclosure, grounded in legitimacy theory. Utilizing the purposive sampling method, the study examines 150 observations from food and beverage companies listed on the Indonesia Stock Exchange for 2018-2022 period. Data were analyzed using multiple linear regression. The findings reveal no significant relationship between profitability, public ownership, and media exposure with CSR disclosure. However, board size demonstrates a positive association with CSR disclosure. These results underscore that among the variables studied, only the board of comissioners size positively relates to CSR disclosure practices.
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References
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Cyhintia, L., & Sofyan, E. (2023). The Influence of Green Accounting, Company Size and Media Disclosure on Corporate Social Responsibility Disclosure. Journal of Accounting Exploration. Vol 5 (2), pp. 579–591. https://doi.org/10.24036/jea.v5i2.690
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Pradipta, I. C., Evana, E., & Prasetyo, T. J. (2023). An Effect of Environmental Performance and Public Share Ownership on CSR Disclosure with Profitability as an Intervening Variable (Study on Manufacturing Business Listed on an Indonesian Stock Exchange in 2016-2018). Journal Of Economics, Finance And Management Studies. Vol 6 (2), pp. 787–801. https://doi.org/10.47191/jefms/v6-i2-23
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Widayanti, L., Inayati, N.I., Pramono, H., & Pratama, B. C., (2023). The Influence of Profitability, Liquidity, and the Board of Commissioners on CSR. International Journal of Economics, Business and Accounting Research. Vol 7(4), pp. 1458–1470. https://doi.org/https://jurnal.stie-aas.ac.id/index.php/IJEBAR
Wulandari, C., & Efendi, D. (2022). The Effect of Profitability on Company Value with Corporate Social Responsibility as a Moderating Variable.
Yanti, N. L. E. K., Endiana, I. D. M., Pramesti, I. G. A. A. (2021). The Influence of Company Size, Board of Commissioners Size, Institutional Ownership, Leverage, and Profitability on Corporate Social Responsibility Disclosure. Charisma Journal. Vol 3 (1), pp. 42-51.
Yuliani, P. P., Yulia, S., & Meri, D. A. (2021). The Influence of Managerial Ownership and Public Ownership on Environmental Disclosure (Empirical Study of Manufacturing Companies Listed on the Indonesian Stock Exchange for the 2013-2017 Period). Vol 3 (1), pp. 159-172.
Yuni Pramitha, I.A., & Sudana, I. P. (2021). Disclosure of Corporate Social Responsibility, Environmental Performance and Company Values. Accounting E-Journal. Vol 31(3), pp. 615–634. https://doi.org/10.24843/eja.2021.v31.i03.p08
Agnes, K. (2023). The Effect of Green Accounting, Company Size, Profitability, Media Disclosure, and Board of Commissioners' Size on Corporate Social Responsibility Disclosure. International Journal Papier Public Review. Volume 4 (2). https://doi.org/10.47667/ijppr.v4i1.203
Andreas, H. H., & Chang, M. L. (2021). The effect of consumer proximity and media exposure on corporate social responsibility disclosure. In Int. J. Society Systems Science. Vol 13 (1).
Andriana, I. K. G. S., & Wahyu Purna Anggara, I. W. G. (2019). The Influence of Company Size, Profitability, Leverage and Public Share Ownership on Corporate Social Responsibility Disclosure. Accounting E-Journal. Vol 29(1), pp. 111. https://doi.org/10.24843/eja.2019.v29.i01.p08
Arikarsita, N. W, & Wirakusuma, M. G. (2020). Environmental Performance, Management Ownership, Media Exposure and Corporate Social Responsibility Disclosure. Accounting E-Journal.Vol30(12), pp. 3096-3109. website:https://doi.org/10.24843/eja.2020.v30.i12.p08
Aulia, P. R. N., & Setyorini, D. (2021). The Influence of Leverage, Media Exposure, and Liquidity on CSR Disclosure (Empirical Study on ASR Award-Winning Companies in 2012-2020). Journal of Accounting & Financial Education. Vol 9 (2), pp. 209–221. https://doi.org/10.17509/jpak.v9i2.37514
Christin, Y., & Yona, H. (2021). The Influence of the Size of the Board of Commissioners, Public Share Ownership and Institutional Ownership of the Company on Disclosure of Social Responsibility in Consumer Goods Industry Sector Companies Listed on the Indonesian Stock Exchange. JRAK. Vol 7 (1), pp. 86-99.
Cyhintia, L., & Sofyan, E. (2023). The Influence of Green Accounting, Company Size and Media Disclosure on Corporate Social Responsibility Disclosure. Journal of Accounting Exploration. Vol 5 (2), pp. 579–591. https://doi.org/10.24036/jea.v5i2.690
Dewanti, I., & Afif, A. S. (2022). The Influence of Size, Board of Commissioners Size, ROA and Sales Growth on Corporate Social Responsibility (CSR) Disclosure. Scientific Journal of Educational Sciences. Vol 5 (10), pp. 4112–4119.
Dwekat, A., Seguí-Mas, E., & Tormo-Carbó, G. (2020). The effect of the board on corporate social responsibility: bibliometric and social network analysis. Economic Research-Ekonomska Istrazivanja. Vol 33(1), pp. 3580–3603. https://doi.org/10.1080/1331677X.2020.1776139
Dewi, N. M. A. C, & Damayanthi, I. G. A. E. (2021). The Effect of Profitability, Firm Size, Leverage, Liquidity, Board of Commissioners, and Public Ownership on Corporate Social Responsibility Disclosure. In International Journal of Management and Commerce Innovations. Vol. 9.
Fauziah, I., & Fadjrih, N. (2019). The Influence of Profitability, Liquidity, Leverage, Company Size and Board of Commissioners Size on Corporate Social Responsibility Disclosure.
Firdausi, S., & Prihandana, W. A. (2022). The Influence of Profitability, Liquidity, and Leverage on Corporate Social Responsibility Disclosure (Empirical Study of Companies Listed in the Sri Kehati Index 2014-2018). Unesa Accounting Journal. Vol 10 (2), pp. 1–12.
Garanina, T., & Kim, O. (2023). The Relationship Between CSR Disclosure and Accounting Conservatism: The Role of State Ownership. Journal of International Accounting, Auditing and Taxation. https://doi.org/10.1016/j.intaccaudtax.2023.100522
Herizona, B. S., & Yuliana, I. (2021). The Influence of Board of Commissioners Size, Board of Commissioners Independence, and Audit Committee on Corporate Social Responsibility Disclosure with Profitability as a Moderating Variable. Journal of Management and Finance. Vol 10(1), pp. 108–128.
Hermawan, A., & Gunardi, A. (2019). Motivation For Disclosure of Corporate Social Responsibility: Evidence From Banking Industry In Indonesia. Entrepreneurship and Sustainability Issues. Vol 6 (3), pp. 1297–1306. https://doi.org/10.9770/jesi.2018.6.3(17)
Hidayah, E. N., & Anwar, S. (2023).The Influence of Media Exposure, Profitability, ISO 14001 and Slack Resources on CSR Disclosure Moderated by Institutional Ownership. Vol 2 (2), pp. 338-353.
Hitipeuw, S. D., Kuntari, Y., & Triani. (2020). The Influence of Public Share Ownership, Profitability, and Media on Disclosure of Corporate Social Responsibility. Vol 3 (1), pp. 40-51.
Indraswari, I. G. A. L., & Mimba, N. P. S. H. (2017). The Influence of Profitability, Company Growth, Market Capitalization and Public Share Ownership on the Level of CSR Disclosure. Vol 20 (2), pp. 1219-1248.
Indraswari, G. D., & Astika, I. B. P. (2015). The Influence of Profitability, Company Size, and Public Share Ownership on CSR Disclosure.Accounting E-JournalUdayana University. Vol 11(1), pp. 289-302.
Irmayanti, K. N. D., & Mimba, N. P. S. H. (2018). The Influence of Profitability, Leverage and Foreign Ownership on Corporate Social Responsibility Disclosure with Company Size as a Moderating Variable. Udayana University Accounting E-Journal. Vol 23(3), pp. 1932–1954. https://doi.org/10.24843/eja.2018.v23.i03.p12
Kasmir. (2018). Financial Report Analysis. Jakarta: PT Raja Grafindo Persada.
Kepramareni, P., Pradnyawati, S. O., & Rahmayani, L. P. I. (2022). Analysis of the Corporate Social Responsibility Disclosure on Manufacturing Companies. JAGADITHA Economic & Business Journal. Vol 9 (2), pp. 185–192. https://doi.org/10.22225/jj.9.2.2022.185-192
Mashuri, A. A. S., & Ermaya, H. N. L. (2020). The Effect of Tax Aggressiveness and Media Exposure on Corporate Social Responsibility Disclosure with Profitability as Moderated Variables.
Muliawati, A. R., & Hariyati, H. (2021). The Influence of Political Connections and Media Exposure on Disclosure of Social Responsibility. Journal of Accounting and Economics. Vol 11(1), pp. 72–81. https://doi.org/10.37859/jae.v11i1.2509
Muliyani, T., & Hermanto, S. B. (2018). The Influence of Profitability Leverage, Company Profile and Board of Commissioners Size on CSR Disclosure. Vol 7(9), pp. 1-23
Paananen, M., Runesson, E., & Samani, N. (2021). Time to clean up environmental liabilities reporting: disclosures, media exposure and market implications. Accounting Forum. Vol 45(1), pp. 85–116. https://doi.org/10.1080/01559982.2021.1872909
Pakpahan, Y., & Rajagukguk, L. (2018). Analysis of the Influence of Profitability, Company Size, Board of Commissioners Size, and Media Exposure on Disclosure of Social Responsibility. In Accounting Journal. Vol 18 (2).
Pradipta, I. C., Evana, E., & Prasetyo, T. J. (2023). An Effect of Environmental Performance and Public Share Ownership on CSR Disclosure with Profitability as an Intervening Variable (Study on Manufacturing Business Listed on an Indonesian Stock Exchange in 2016-2018). Journal Of Economics, Finance And Management Studies. Vol 6 (2), pp. 787–801. https://doi.org/10.47191/jefms/v6-i2-23
Pradnyani, I. G. A. A., & Sisdyani, E. A. (2015). The Influence of Company Size, Profitability, Leverage, and Board of Commissioners Size on Corporate Social Responsibility Disclosure. Udayana University Accounting E-Journal. Vol 11(2), pp. 384–397.
Pratiwi, N. P. A. M., & Krisnadewi, K. A. (2023). Profitability, Leverage, Public Ownership, and Disclosure of Corporate Social Responsibility. Vol 33(7), pp. 1919-1930. website:https://doi.org/10.24843/EJA.2023.v33.i07.p17
Rindawati, M. W., & Asyik, N. F. (2015). The Influence of Profitability, Company Size, Leverage, and Public Ownership on Corporate Social Responsibility (CSR) Disclosure.
Rivandi, M. (2021). The Influence of Ownership Structure on Corporate Social Responsibility Disclosure. Journal of Information, Taxation, Accounting and Public Finance. Vol 16(1), pp. 21–40. https://doi.org/10.25105/jipak.v16i1.6439
Septianingsih, L. R., & Muslih, M. (2019). Board Size, Ownership Diffusion, Gender Diversity, Media Exposure, and Corporate Social Responsibility Disclosure (Case Study of SRI-KEHATI Index Companies listed on the Indonesia Stock Exchange for the 2013-2017 Period). Maranatha Accounting. Vol 11(2), pp. 218–229. http://journal.maranatha.edu
Tiono, V. A., Wijaya, H., & Merida, P. D. (2022). The Influence of Slack Resources, Media Exposure and Industry Sensitivity on Corporate Social Responsibility (Csr) Disclosure. Accounting Student Scientific Journal. Vol 11(1), pp. 48–57. https://doi.org/10.33508/jima.v11i1.3977
Voinea, L. C., Fratostiteanu, C., & Romein, B. (2019). The influence of governance and ownership on CSR practices in Romania. European Journal of Sustainable Development. Vol 8 (3), pp. 313.https://doi.org/10.14207/ejsd.2019.v8n3p313
Wagiu, F.A., Mekel, P., Ansyelia Wagiu, F., & Mekel, P.A. (2014). The Effect Of Firm Size, Profitability, Leverage And Board Size On Disclosure Of Corporate Social Responsibility. Vol 2 (3), pp. 1540–1549.
Widayanti, L., Inayati, N.I., Pramono, H., & Pratama, B. C., (2023). The Influence of Profitability, Liquidity, and the Board of Commissioners on CSR. International Journal of Economics, Business and Accounting Research. Vol 7(4), pp. 1458–1470. https://doi.org/https://jurnal.stie-aas.ac.id/index.php/IJEBAR
Wulandari, C., & Efendi, D. (2022). The Effect of Profitability on Company Value with Corporate Social Responsibility as a Moderating Variable.
Yanti, N. L. E. K., Endiana, I. D. M., Pramesti, I. G. A. A. (2021). The Influence of Company Size, Board of Commissioners Size, Institutional Ownership, Leverage, and Profitability on Corporate Social Responsibility Disclosure. Charisma Journal. Vol 3 (1), pp. 42-51.
Yuliani, P. P., Yulia, S., & Meri, D. A. (2021). The Influence of Managerial Ownership and Public Ownership on Environmental Disclosure (Empirical Study of Manufacturing Companies Listed on the Indonesian Stock Exchange for the 2013-2017 Period). Vol 3 (1), pp. 159-172.
Yuni Pramitha, I.A., & Sudana, I. P. (2021). Disclosure of Corporate Social Responsibility, Environmental Performance and Company Values. Accounting E-Journal. Vol 31(3), pp. 615–634. https://doi.org/10.24843/eja.2021.v31.i03.p08
Published
2024-05-26
How to Cite
BUDIYANI, Luh Ayu Sri; ERAWATI, Ni Made Adi.
Impact of Board Size, Profitability, Public Ownership, and Media Exposure on CSR Disclosure.
E-Jurnal Akuntansi, [S.l.], v. 34, n. 5, may 2024.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/112690>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.24843/EJA.2024.v34.i05.p17.
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