Exploring the Influence of Company Growth, Leverage, Market Capitalization, and Profitability on Corporate Social Responsibility Disclosure
Abstract
Corporate Social Responsibility (CSR) disclosure represents the communication between a company and the public regarding its activities that impact social, environmental, and economic aspects of society. This research aims to examine the influence of company growth, leverage, market capitalization, and profitability on CSR disclosure among healthcare sector companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. The study's sample consists of 16 companies, yielding a total of 61 observations. A non-probability sampling method, specifically purposive sampling, was employed to select the sample. The analysis technique applied in this research is multiple linear regression. The results indicate that company growth and leverage do not significantly affect CSR disclosure, whereas market capitalization and profitability have a positive influence on CSR disclosure.
Keywords: Company Growth; Leverage; Market Capitalization; Profitability; CSR Disclosure.
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References
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Sunarsih, U., & Rosa, T. D. (2017). Effect of Size, Profitability, Leverage and Size of the Board of Commissioners of Corporate Social Responsibility. International Journal of Economic Research 14(17). http:www.serialsjournals.com.
Swandari, F., & Sadikin, A. (2016). The Effect of Ownership Structure, Profitability, Leverage, and Firm Size on Corporate Social Responsibility (CSR). Binus Business Review, 7(3), hal. 315-320 https://doi.org/10.21512/bbr.v7i3.1792.
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Teng, S. H., Cahyani, A., Isabella, S. O., & Aisyah, F. E. (2022). Pengaruh Profitabolitas, Likuiditas, Leverage, dan Ukuran Perusahaan terhadap Pengungkapan CSR di Perusahaan Subsektor Makanan dan Minuman yang terdaftar di BEI periode 2017-2019. Owner, 6(2), 1464–1474. https://doi.org/10.33395/owner.v6i2.768
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Widyamono, V. M. (2014). The Impact of Type of Industry, Company Size and Leverage on The Disclosure of Corporate Social Responsibility. Jurnal Siasat Bisnis, 18(1), pp: 118-132. https://doi.org/10.20885/jsb.vol18.iss1.art9
Yuliandhari, W. S., & Wulandari, N. K. (2024). Pengaruh Corporate Governance, Pertumbuhan Perusahaan, dan Media Exposure Terhadap Pengungkapan Corporate Social Responsibility. Owner: Riset & Jurnal Akuntansi, 8(1), 483-491. https://doi.org/10.33395/owner.v8i1.1878
Andriani & Masliha, D. (2022). The Effect of Profitability and Leverage on Corporate Social Responsibility Disclosure: Case Study on Sharia Commercial Banks in Indonesia. Indonesian Economic Review, 2 (1), 19-26. https://doi.org/10.53787/iconev.v3i1.22
Banerjee, S., Homroy, S., & Slechten, A. (2022). Stakeholder preference and strategic corporate social responsibility. Journal of Corporate Finance, 77. https://doi.org/10.1016/j.jcorpfin.2022.102286
Cho, S. J., Chung, C. Y., & Young, J. (2019). Study on the relationship between CSR and financial performance. Sustainability (Switzerland), 11(2). https://doi.org/10.3390/su11020343
Dewi, N., & Sari, R. M. (2019). Pengaruh Ukuran Perusahaan, Leverage, dan Profitabilitas Pada CSR Disclosure. E-Jurnal Akuntansi, 27(3), 1956 - 1982. https://doi.org/10.24843/EJA.2019.v27.i03.p12
Elvandari, R. N., & Supriyadi. (2023). The Effect of Firm Characteristics on Corporate Social Responsibility Disclosure Using Financial Performance as an Intervening Variable. Indonesian Journal of Applied Accounting and Finance, 2(1), 1-12. https://doi.org/10.20961/akumulasi.v2i.737
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), pp. 181–191. https://doi.org/10.17512/pjms.2019.20.1.16.
Hunafah, D. R., Zahwa, S. F., & Hasnawati. (2022). Pengaruh Ukuran Perusahaan, Pertumbuhan Perusahaan, Kepemilikan Saham Publik, dan Profitabilitas Terhadap Pengungkapan CSR Selama Pandemi Covid-19. Jurnal Ekonomi Trisakti, 2(2), pp. 1615–1628. https://doi.org/10.25105/jet.v2i2.14999.
Indraswari, I. G. A. L., & Mimba, N. P. S. H. (2017). Pengaruh Profitabilitas, Pertumbuhan Perusahaan, Kapitalisasi Pasar dan Kepemilikan Saham Publik Pada Tingkat Pengungkapan CSR. E-Jurnal Akuntansi Universitas Udayana, 20(2), 1219-1248. https://doi.org/10.24843/EJA.2017.v20.i02.p13.
Issa, A. I. F. (2017). The Factors Influencing Corporate Social Responsibility Disclosure in the Kingdom of Saudi Arabia. Australian Journal of Basic and Applied Sciences, 11(10), 1-19. http://creativecommons.org/licenses/by/4.0/.
Kapitan, V. S., & Ikram, S. (2019). The Influence of Profitability and Leverage on Corporate Social Responsibility Disclosure. Journal of Accounting Auditing and Business, 2(2). https://doi.org/10.24198/jaab.v2i2.22505
Korniasari, S., & Adi, S. W. (2021). Pengaruh Pertumbuhan Perusahaan, Ukuran Perusahaan, Leverage, dan Kepemilikan Saham Publik Terhadap Pengungkapan Corporate Social Responsibility (CSR). Prosiding Seminar Nasional & Call for Paper STIE AAS, 4(1), hal. 695–705. https://prosiding.stie-aas.ac.id/index.php/prosenas/article/view/165.
Lubis, W. Y. B., & Dewi, L. G. K. (2020). The Effect of Profitability, Industrial Type, and Media Exposure on Corporate Social Responsibility Disclosure. American Journal of Humanities and Social Sciences Research, 4 (1), pp: 279-285.www.ajhssr.com.
Oktavianawati, L., & Sri, I. F. (2018). The Factor that Influence the Disclosure of Corporate Social Responsibility (CSR). Accounting Analysis Journal, 7(2), 119-126. https://doi.org/10.15294/aaj.v7i2.23738
Oktavila & Erinos, N. R. (2019). Pengaruh Kapitalisasi Pasar dan Good Corporate Governance terhadap Pengungkapan Corporate Social Responsibility ( Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2017). Jurnal Eksplorasi Akuntansi, 1(3), 1184-1199. https://doi.org/10.24036/jea.v1i3.136
Orazalin, N., & Mahmood, M. (2020). Determinants of GRI-based sustainability reporting: evidence from an emerging economy. Journal of Accounting in Emerging Economies, 10(1), 140-164. https://doi.org/10.1108/JAEE-12-2018-0137
Putri, N. L. K. W. G. M., & Setiawan, P. E. (2022). Kapitalisasi Pasar, Profitabilitas, Agresivitas Pajak dan Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi, 32 (9), hal. 2801-2812. https://doi.org/10.24843/EJA.2022.v32.i09.p13
Rini, R. K., & Adhariani, D. (2021). Does Financial Performance Drive Environmental Disclosure and Environmental Cost? Evidence from Indonesia. Jurnal Ilmiah Akuntansi dan Bisnis, 16(2), pp. 317. https://doi.org/10.24843/jiab.2021.v16.i02.p09
Sampong, F., Song, N., Boahene, K. O., & Wadie, K. A. (2018). Disclosure of CSR performance and firm value: New evidence from South Africa on the basis of the GRI guidelines for sustainability disclosure. Sustainability (Switzerland), 10(12). https://doi.org/10.3390/su10124518
Setijaningsih, H. T., & Kurniawan, I. (2023). Determinants of CSR Disclosure Moderated by The Role of Good Corporate Governance. International Journal of Application on Economics and Business, 1 (2), pp: 681-694. https://doi.org/10.24912/ijaeb.v1i2.681-694.
Singh, K., & Misra, M. (2021). Linking Corporate Social Responsibility (CSR) and Organizational Performance: the moderating effect of corporate reputation. European Research on Management and Business Economics, 27, https://doi.org/10.1016/j.iedeen.2020.100139
Sugiyono. (2018). Metode Penelitian Kombinasi (Mixed Methods). Bandung: Penerbit CV Alfabeta.
Sunarsih, U., & Rosa, T. D. (2017). Effect of Size, Profitability, Leverage and Size of the Board of Commissioners of Corporate Social Responsibility. International Journal of Economic Research 14(17). http:www.serialsjournals.com.
Swandari, F., & Sadikin, A. (2016). The Effect of Ownership Structure, Profitability, Leverage, and Firm Size on Corporate Social Responsibility (CSR). Binus Business Review, 7(3), hal. 315-320 https://doi.org/10.21512/bbr.v7i3.1792.
Tauringana, V. (2021). Sustainability reporting adoption in developing countries: managerial perception-based determinants evidence from Uganda. Journal of Accounting in Emerging Economies, 11(2), pp. 149–175. https://doi.org/10.1108/JAEE-07-2020-0184.
Teng, S. H., Cahyani, A., Isabella, S. O., & Aisyah, F. E. (2022). Pengaruh Profitabolitas, Likuiditas, Leverage, dan Ukuran Perusahaan terhadap Pengungkapan CSR di Perusahaan Subsektor Makanan dan Minuman yang terdaftar di BEI periode 2017-2019. Owner, 6(2), 1464–1474. https://doi.org/10.33395/owner.v6i2.768
Waluyo. (2017). Firm Size, Firm Age, and Firm Growth on Corporate Social Responsibility in Indonesia: The Case of Real Estate Companies. European Research Studies Journal, 10(4A), pp. 360-369. https://doi.org/10.35808/ersj/840
Widyamono, V. M. (2014). The Impact of Type of Industry, Company Size and Leverage on The Disclosure of Corporate Social Responsibility. Jurnal Siasat Bisnis, 18(1), pp: 118-132. https://doi.org/10.20885/jsb.vol18.iss1.art9
Yuliandhari, W. S., & Wulandari, N. K. (2024). Pengaruh Corporate Governance, Pertumbuhan Perusahaan, dan Media Exposure Terhadap Pengungkapan Corporate Social Responsibility. Owner: Riset & Jurnal Akuntansi, 8(1), 483-491. https://doi.org/10.33395/owner.v8i1.1878
Published
2025-05-26
How to Cite
ASTRAWAN, I Kadek Yogi; WIDANAPUTRA, Anak Agung Gde Putu.
Exploring the Influence of Company Growth, Leverage, Market Capitalization, and Profitability on Corporate Social Responsibility Disclosure.
E-Jurnal Akuntansi, [S.l.], v. 35, n. 5, may 2025.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/116500>. Date accessed: 14 oct. 2025.
doi: https://doi.org/10.24843/EJA.2025.v35.i05.p09.
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