Analyzing the Effects of Size, Profitability, and Ownership on Corporate Social Responsibility Disclosure
Abstract
This study examines the influence of company size, profitability, leverage, institutional ownership, and public ownership on Corporate Social Responsibility (CSR) disclosure among consumer non-cyclical companies listed on the Indonesia Stock Exchange during the 2021-2022 period. The research is contextualized by the Financial Services Authority Circular Letter No. 16/SEOJK.04/2021, which outlines regulatory expectations for CSR activities. A total of 160 companies were selected through purposive sampling for non-participant observation analysis. Contrary to expectations, the findings reveal that company size, leverage, institutional ownership, and public ownership do not significantly influence CSR disclosure. However, profitability emerges as the only factor with a positive impact on CSR disclosure. This highlights the need for a deeper understanding of the factors driving CSR engagement in the region and suggests that profitable companies may be more likely to engage in CSR activities, potentially due to better resources or a strategic approach to stakeholder engagement.
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References
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Ãlvarez, G., Custodio, Q., & Alexandre, I. (2016). Disclosure of corporate social responsibility information and explanatory factors. Online Information Review; Bradford, 40(2), 218–238. https://doi.org/10.1108/OIR-04-2015-0116
Andriana, I. K. G. S., & Anggara, I. W. G. W. P. (2019). Pengaruh Ukuran Perusahaan, Profitabilitas, Leverage Dan Kepemilikan Saham Publik Pada Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi, 29(1), 111–127. https://doi.org/10.24843/eja.2019.v29.i01.p08
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Budianto, R., & Suyono, E. (2020). Corporate social responsibility and factors affecting it: An empirical evidence from the Indonesian capital market. International Journal of Economics and Business Administration, 8(1), 239–253. https://doi.org/10.35808/ijeba/422
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Gaol, F. A. L., & Harjanto, K. (2019). Impact Of Selected Factors Towards Corporate Social Responsibility (CSR) Disclosure: Evidence From Indonesia. Polish Journal of Management Studies, 20(1), 181–191. https://doi.org/10.17512/pjms.2019.20.1.16
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Ghozali, I., & Chariri, A. (2014). Teori Akuntansi. Badan Penerbit Universitas Diponegoro.
Giannarakis, G. (2014). Corporate Governance And Financial Characteristic Effects On The Extent Of Corporate Social Responsibility Disclosure. Social Responsibility Journal, 10(4), 569–590. https://doi.org/10.1108/SRJ-02-2013-0008
Hermawan, A., & Gunardi, A. (2019). Entrepreneurship and Sustainability Issues Motivation for Disclosure of Corporate Social Responsibility: Evidence From Banking Industry in Indonesia. Entrepreneurship and Sustainability Issues, 6(3), 1297–1306. http://jssidoi.org/jesi/http://doi.org/10.9770/jesi.2018.6.3%0Ahttp://jssidoi.org/esc/home
Indraswari, G. A. D., & Astika, I. B. P. (2014). Pengaruh Profitabilitas, Ukuran Perusahaan, Dan Kepemilikan Saham Publik Pada Pengungkapan CSR. E-Jurnal Akuntansi Universitas Udayana, 9(3), 816–828.
Karaman, A. S., Kilic, M., & Uyar, A. (2018). Sustainability reporting in the aviation industry: worldwide evidence. Sustainability Accounting, Management and Policy Journal, 9(4), 362–391. https://doi.org/10.1108/SAMPJ-12-2017-0150
Kardiyanti, N. K. E., & Dwirandra, A. A. N. B. (2020). Pengaruh Profitabilitas, Ukuran Perusahaan, dan Kepemilikan Asing pada Pengungkapan CSR. E-Jurnal Akuntansi, 30(2), 3066–3080. https://doi.org/10.24843/EJA.2020.v30.i09.p13
Lakkanawanit, P., Dungtripop, W., Suttipun, M., & Madi, H. (2022). Energy Conservation and Firm Performance in Thailand: Comparison between Energy-Intensive and Non-Energy-Intensive Industries. Energies, 15(20), 1–17. https://doi.org/10.3390/en15207532
Latifah, F. N., & Widiatmoko, J. (2022). Pengaruh Struktur Kepemilikan Terhadap Corporate Social Responsibility Dan Dampaknya Pada Nilai. Jurnal Ilmiah Mahasiswa Akuntansi, 13(3), 921–937. https://ejournal.undiksha.ac.id/index.php/S1ak/article/download/44363/23224
Metri, Nurwati, S., & Sarlawa, R. (2021). Pengaruh Kinerja Lingkungan, Profitabilitas, Ukuran Perusahaan dan Kepemilikan Saham Publik Terhadap Pengungkapan Corporate Social Responsibility pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Ekonomi Pembangunan, Manajemen, Dan Bisnis, Akuntansi, 1(1), 36–44.
Nguyen, T. H., Vu, Q. T., Nguyen, D. M., & Le, H. L. (2021). Factors influencing corporate social responsibility disclosure and its impact on financial performance: the case of Vietnam. Sustainability (Switzerland), 13(15), 1–16. https://doi.org/10.3390/su13158197
Nugroho, M. N., & Yulianto, A. (2015). Pengaruh Profitabilitas dan Mekanisme Corporate Governance Terhadap Pengungkapan CSR Perusahaan Terdaftar JII 2011-2013. Accounting Analysis Journal, 4(1), 1–12.
Pradana, F. A., & Suzan, L. (2016). Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, umur Perusahaan Terhadap Pengungkapan Corporate Social Responbility Disclousure. Prodi S1 Akuntansi, Fakultas Ekonomi Dan Bisnis, Universitas Telkom, 3, 339–347.
Putri, B. U., Santi, E., & Afni, Z. (2022). Analisis Faktor-Faktor yang Mempengaruhi Corporate Social Responsibility Disclosure (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar Di BEI). Jurnal Akuntansi, Bisnis Dan Ekonomi Indonesia, 1(1), 66–78. https://doi.org/10.30630/jabei.v1i1.12
Putri, R. K. (2017). Pengaruh Ukuran Perusahaan, Profitabilitas, Leverage, Likuiditas, Dan Basis Kepemilikan Terhadap Corporate Social Responsibility Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode Tahun 2012-2014. Jurnal Online Mahasiswa Fekon, 4(1), 558–571.
Ramadanty, S. A., & Retnani, E. D. (2020). Pengaruh Profitabilitas, Ukuran Perusahaan Dan Kepemilikan Saham Publik Terhadap Pengungkapan Corporate Social Responsibility. Jurnal Ilmu Dan Riset Akuntansi, 9(8), 1–22. http://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/download/3622/3638
Rawi, & Muchlish, M. (2010). Kepemilikan Manajemen, Kepemilikan Institusi, Leverage dan Corporate Social Responsibility. Simposium Nasional Akuntansi XIII., 1–28.
Rukmana, E., Hendri, E., & Rismansyah, R. (2020). Pengaruh Profitabilitas dan Ukuran Perusahaan Terhadap Pengungkapan Corporate Social Responsibility (CSR) pada Perusahaan Pertambangan di Bursa Efek Indonesia. Jurnal Media Akuntansi (Mediasi), 3(1), 1–12. https://doi.org/10.31851/jmediasi.v3i1.5216
Salehi, M., Tarighi, H., & Rezanezhad, M. (2019). Empirical Study On The Effective Factors Of Social Responsibility Disclosure Of Iranian Companies. Journal of Asian Business and Economic Studies, 26(1), 34–55. https://doi.org/10.1108/JABES-06-2018-0028
Singal, P. A., & Putra, I. N. W. A. (2019). Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, dan Kepemilikan Asing Pada Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi, 298(1), 468–484. https://doi.org/10.24843/eja.2019.v29.i01.p30
Solikhah, B., & Winarsih, A. M. (2016). Pengaruh Liputan Media, Kepekaan Industri, Dan Struktur Tata Kelola Perusahaan Terhadap Kualitas Pengungkapan Lingkungan. Jurnal Akuntansi Dan Keuangan Indonesia, 13(1), 1–22. https://doi.org/10.21002/jaki.2016.01
Syahierah, R., & Larasati, A. (2019). Does company size and profitability affect corporate social responsibility disclosure? Asian Journal of Islamic Management, 1(1), 38–50. https://doi.org/10.20885/ajim.vol1.iss1.art4
Tjahjadi, B., Soewarno, N., & Mustikaningtiyas, F. (2021). Good corporate governance and corporate sustainability performance in Indonesia: A triple bottom line approach. Heliyon, 7(3). https://doi.org/https://doi.org/10.1016/j.heliyon.2021.e06453%0A
Totanan, C., Mapparessa, N., Muliati, & Mile, Y. (2022). Pengaruh Tanggung Jawab Lingkungan, Profitabilitas, Ukuran Perusahaan, Dan Leverage Terhadap Pengungkapan Corporate Social Responsibility Perusahaan Manufaktur Di Bursa Efek Indonesia. Accounting Profession Journal, 4(2), 12–32. https://doi.org/10.35593/apaji.v4i2.41
Ullah, M. S., Muttakin, M. B., & Khan, A. (2019). Corporate governance and corporate social responsibility disclosures in insurance companies. International Journal of Accounting and Information Management, 27(2), 284–300. https://doi.org/10.1108/IJAIM-10-2017-0120
Vintila, G., & Duca, F. (2013). A Study of the Relationship between Corporate Firm Size. Revista Română de Statistică Trim, 62–67.
Wigrhayani, N. N. S. W., & Sapari. (2019). Pengaruh Tipe Industri, Growth, Profitabilitas, dan Ukuran Perusahaan Terhadap Pengungkapan Corporate Social Responsibility. Jurnal Ilmu Dan Riset Akuntansi, 8(8), 01–21. http://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/view/2439/2442
Zanubah, I., Sasanti, E. E., & Hudaya, R. (2023). Komparasi Kinerja Keuangan Pada Perusahaan Consumer Non-Cyclicals Yang Terdaftar Di Bei Sebelum Dan Saat Pandemi Covid-19. Jurnal Riset Mahasiswa Akuntansi, 3(1), 145–162. https://doi.org/10.29303/risma.v3i1.456
Afifah, R. N., & Immanuela, I. (2021). Pengaruh Ukuran Perusahaan, Ukuran Dewan Komisaris, Profitabilitas, dan Leverage terhadap Pengungkapan Corporate Social Responsibility. Jurnal Riset Manajemen Dan Akuntansi, 9(2), 109–123. https://doi.org/10.33508/jrma.v9i2.1013
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, 4(2), 1–17.
Ãlvarez, G., Custodio, Q., & Alexandre, I. (2016). Disclosure of corporate social responsibility information and explanatory factors. Online Information Review; Bradford, 40(2), 218–238. https://doi.org/10.1108/OIR-04-2015-0116
Andriana, I. K. G. S., & Anggara, I. W. G. W. P. (2019). Pengaruh Ukuran Perusahaan, Profitabilitas, Leverage Dan Kepemilikan Saham Publik Pada Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi, 29(1), 111–127. https://doi.org/10.24843/eja.2019.v29.i01.p08
Ardana, Y., Utama, F. R., & Risvana, A. A. (2023). Effect of Leverage, Firm Size, Institutional Ownership, and Profitability on CSR Disclosure in Consumer Goods Companies in Indonesia. JFBA: Journal of Financial and Behavioural Accounting, 3(1), 55–66. https://doi.org/10.33830/jfba.v3i1.3707.2023
Bariroh, A., & Desitama, F. S. (2023). Pengaruh Ukuran Perusahaan, Profitabilitas, Laverage, Dan Ukuran Dewan Komisaris Terhadap Pengungkapan Corporate Social Responsibility. Journal of Economic, Business and Accounting Volume, 7(1), 1056–1066.
Budianto, R., & Suyono, E. (2020). Corporate social responsibility and factors affecting it: An empirical evidence from the Indonesian capital market. International Journal of Economics and Business Administration, 8(1), 239–253. https://doi.org/10.35808/ijeba/422
Fauziah, I., & Asyik, N. F. (2019). Pengaruh Profitabilitas , Likuiditas , Leverage , Ukuran Perusahaan dan Ukuran Dewan Komisaris terhadap Pengungkapan Corporate Social Responsibility. Jurnal Ilmu Dan Riset Akuntansi, 8(3), 1–18.
Gaol, F. A. L., & Harjanto, K. (2019). Impact Of Selected Factors Towards Corporate Social Responsibility (CSR) Disclosure: Evidence From Indonesia. Polish Journal of Management Studies, 20(1), 181–191. https://doi.org/10.17512/pjms.2019.20.1.16
Gennari, F. (2019). How to lead the board of directors to a sustainable development of business with the CSR committees. Sustainability (Switzerland), 11(24), 01–17. https://doi.org/10.3390/su11246987
Ghozali, I., & Chariri, A. (2014). Teori Akuntansi. Badan Penerbit Universitas Diponegoro.
Giannarakis, G. (2014). Corporate Governance And Financial Characteristic Effects On The Extent Of Corporate Social Responsibility Disclosure. Social Responsibility Journal, 10(4), 569–590. https://doi.org/10.1108/SRJ-02-2013-0008
Hermawan, A., & Gunardi, A. (2019). Entrepreneurship and Sustainability Issues Motivation for Disclosure of Corporate Social Responsibility: Evidence From Banking Industry in Indonesia. Entrepreneurship and Sustainability Issues, 6(3), 1297–1306. http://jssidoi.org/jesi/http://doi.org/10.9770/jesi.2018.6.3%0Ahttp://jssidoi.org/esc/home
Indraswari, G. A. D., & Astika, I. B. P. (2014). Pengaruh Profitabilitas, Ukuran Perusahaan, Dan Kepemilikan Saham Publik Pada Pengungkapan CSR. E-Jurnal Akuntansi Universitas Udayana, 9(3), 816–828.
Karaman, A. S., Kilic, M., & Uyar, A. (2018). Sustainability reporting in the aviation industry: worldwide evidence. Sustainability Accounting, Management and Policy Journal, 9(4), 362–391. https://doi.org/10.1108/SAMPJ-12-2017-0150
Kardiyanti, N. K. E., & Dwirandra, A. A. N. B. (2020). Pengaruh Profitabilitas, Ukuran Perusahaan, dan Kepemilikan Asing pada Pengungkapan CSR. E-Jurnal Akuntansi, 30(2), 3066–3080. https://doi.org/10.24843/EJA.2020.v30.i09.p13
Lakkanawanit, P., Dungtripop, W., Suttipun, M., & Madi, H. (2022). Energy Conservation and Firm Performance in Thailand: Comparison between Energy-Intensive and Non-Energy-Intensive Industries. Energies, 15(20), 1–17. https://doi.org/10.3390/en15207532
Latifah, F. N., & Widiatmoko, J. (2022). Pengaruh Struktur Kepemilikan Terhadap Corporate Social Responsibility Dan Dampaknya Pada Nilai. Jurnal Ilmiah Mahasiswa Akuntansi, 13(3), 921–937. https://ejournal.undiksha.ac.id/index.php/S1ak/article/download/44363/23224
Metri, Nurwati, S., & Sarlawa, R. (2021). Pengaruh Kinerja Lingkungan, Profitabilitas, Ukuran Perusahaan dan Kepemilikan Saham Publik Terhadap Pengungkapan Corporate Social Responsibility pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Ekonomi Pembangunan, Manajemen, Dan Bisnis, Akuntansi, 1(1), 36–44.
Nguyen, T. H., Vu, Q. T., Nguyen, D. M., & Le, H. L. (2021). Factors influencing corporate social responsibility disclosure and its impact on financial performance: the case of Vietnam. Sustainability (Switzerland), 13(15), 1–16. https://doi.org/10.3390/su13158197
Nugroho, M. N., & Yulianto, A. (2015). Pengaruh Profitabilitas dan Mekanisme Corporate Governance Terhadap Pengungkapan CSR Perusahaan Terdaftar JII 2011-2013. Accounting Analysis Journal, 4(1), 1–12.
Pradana, F. A., & Suzan, L. (2016). Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, umur Perusahaan Terhadap Pengungkapan Corporate Social Responbility Disclousure. Prodi S1 Akuntansi, Fakultas Ekonomi Dan Bisnis, Universitas Telkom, 3, 339–347.
Putri, B. U., Santi, E., & Afni, Z. (2022). Analisis Faktor-Faktor yang Mempengaruhi Corporate Social Responsibility Disclosure (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar Di BEI). Jurnal Akuntansi, Bisnis Dan Ekonomi Indonesia, 1(1), 66–78. https://doi.org/10.30630/jabei.v1i1.12
Putri, R. K. (2017). Pengaruh Ukuran Perusahaan, Profitabilitas, Leverage, Likuiditas, Dan Basis Kepemilikan Terhadap Corporate Social Responsibility Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode Tahun 2012-2014. Jurnal Online Mahasiswa Fekon, 4(1), 558–571.
Ramadanty, S. A., & Retnani, E. D. (2020). Pengaruh Profitabilitas, Ukuran Perusahaan Dan Kepemilikan Saham Publik Terhadap Pengungkapan Corporate Social Responsibility. Jurnal Ilmu Dan Riset Akuntansi, 9(8), 1–22. http://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/download/3622/3638
Rawi, & Muchlish, M. (2010). Kepemilikan Manajemen, Kepemilikan Institusi, Leverage dan Corporate Social Responsibility. Simposium Nasional Akuntansi XIII., 1–28.
Rukmana, E., Hendri, E., & Rismansyah, R. (2020). Pengaruh Profitabilitas dan Ukuran Perusahaan Terhadap Pengungkapan Corporate Social Responsibility (CSR) pada Perusahaan Pertambangan di Bursa Efek Indonesia. Jurnal Media Akuntansi (Mediasi), 3(1), 1–12. https://doi.org/10.31851/jmediasi.v3i1.5216
Salehi, M., Tarighi, H., & Rezanezhad, M. (2019). Empirical Study On The Effective Factors Of Social Responsibility Disclosure Of Iranian Companies. Journal of Asian Business and Economic Studies, 26(1), 34–55. https://doi.org/10.1108/JABES-06-2018-0028
Singal, P. A., & Putra, I. N. W. A. (2019). Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, dan Kepemilikan Asing Pada Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi, 298(1), 468–484. https://doi.org/10.24843/eja.2019.v29.i01.p30
Solikhah, B., & Winarsih, A. M. (2016). Pengaruh Liputan Media, Kepekaan Industri, Dan Struktur Tata Kelola Perusahaan Terhadap Kualitas Pengungkapan Lingkungan. Jurnal Akuntansi Dan Keuangan Indonesia, 13(1), 1–22. https://doi.org/10.21002/jaki.2016.01
Syahierah, R., & Larasati, A. (2019). Does company size and profitability affect corporate social responsibility disclosure? Asian Journal of Islamic Management, 1(1), 38–50. https://doi.org/10.20885/ajim.vol1.iss1.art4
Tjahjadi, B., Soewarno, N., & Mustikaningtiyas, F. (2021). Good corporate governance and corporate sustainability performance in Indonesia: A triple bottom line approach. Heliyon, 7(3). https://doi.org/https://doi.org/10.1016/j.heliyon.2021.e06453%0A
Totanan, C., Mapparessa, N., Muliati, & Mile, Y. (2022). Pengaruh Tanggung Jawab Lingkungan, Profitabilitas, Ukuran Perusahaan, Dan Leverage Terhadap Pengungkapan Corporate Social Responsibility Perusahaan Manufaktur Di Bursa Efek Indonesia. Accounting Profession Journal, 4(2), 12–32. https://doi.org/10.35593/apaji.v4i2.41
Ullah, M. S., Muttakin, M. B., & Khan, A. (2019). Corporate governance and corporate social responsibility disclosures in insurance companies. International Journal of Accounting and Information Management, 27(2), 284–300. https://doi.org/10.1108/IJAIM-10-2017-0120
Vintila, G., & Duca, F. (2013). A Study of the Relationship between Corporate Firm Size. Revista Română de Statistică Trim, 62–67.
Wigrhayani, N. N. S. W., & Sapari. (2019). Pengaruh Tipe Industri, Growth, Profitabilitas, dan Ukuran Perusahaan Terhadap Pengungkapan Corporate Social Responsibility. Jurnal Ilmu Dan Riset Akuntansi, 8(8), 01–21. http://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/view/2439/2442
Zanubah, I., Sasanti, E. E., & Hudaya, R. (2023). Komparasi Kinerja Keuangan Pada Perusahaan Consumer Non-Cyclicals Yang Terdaftar Di Bei Sebelum Dan Saat Pandemi Covid-19. Jurnal Riset Mahasiswa Akuntansi, 3(1), 145–162. https://doi.org/10.29303/risma.v3i1.456
Published
2024-06-28
How to Cite
SALSHAYNA PRAMESTI, Anak Agung Sagung Istri; SURYANAWA, I Ketut.
Analyzing the Effects of Size, Profitability, and Ownership on Corporate Social Responsibility Disclosure.
E-Jurnal Akuntansi, [S.l.], v. 34, n. 6, june 2024.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/114274>. Date accessed: 14 nov. 2024.
doi: https://doi.org/10.24843/EJA.2024.v34.i06.p14.
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