Kepemilikan Manajemen, Kepemilikan Institusional pada Corporate Social Responsibility Disclosure dengan Kinerja Lingkungan sebagai Pemoderasi
Abstract
Corporate Social Responsibility (CSR) is a positive activity carried out by companies to contribute to protecting the environment. The research objective was to obtain empirical evidence of the effect of management ownership and institutional ownership on CSR disclosure with environmental performance as a moderator. The research was conducted on manufacturing companies listed on the IDX in 2018-2020. There were 47 companies used as samples. Research data collection uses documentation techniques, while analysis techniques use Moderated Regression Analysis (MRA). The results of the analysis show that management ownership has no effect on CSR disclosure. Institutional ownership is correlated with CSR disclosure. Environmental performance cannot moderate the effect of management ownership on CSR disclosure. Environmental performance moderates the effect of institutional ownership on CSR disclosure. The implication of this research is that management ownership cannot be used as a reference for companies in making CSR disclosure decisions. Institutional ownership in this study can be used as a guideline and material for consideration when making CSR disclosure decisions.
Keywords: Management Ownership; Institutional Ownership; Environmental Performance; Corporate Social Responsibility Disclosure
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References
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Amran, A., & Devi, S. S. (2008). The impact of government and foreign affiliate influence on corporate social reporting: The case of Malaysia. Managerial Auditing Journal, 23(4), 386–404. https://doi.org/10.1108/02686900810864327
Arikarsita, N. W., & Wirakusuma, M. G. (2020). Kinerja Lingkungan, Kepemilikan Manajemen, Media Exposure dan Corporate Social Responsibility Disclosure. E-Jurnal Akuntansi, 30(12), 3096. https://doi.org/10.24843/eja.2020.v30.i12.p08
Bags, C. (2017). Teori Teori dalam Pengungkapan Informasi CSR. Academia, 1–11.
Buchanan, B., Cao, C. X., & Chen, C. (2018). Corporate social responsibility, firm value, and influential institutional ownership. Journal of Corporate Finance, 52, 73–95. https://doi.org/10.1016/j.jcorpfin.2018.07.004
Carnahan, S., Agarwal, R., & Campbell, B. (2010). The Effect of Firm Compensation Structures on the Mobility and Entrepreneurship of Extreme Performers. Business, 920(October), 1–43. https://doi.org/10.1002/smj
Detthamrong, U., Chancharat, N., & Vithessonthi, C. (2017). Corporate governance, capital structure and firm performance: Evidence from Thailand. Research in International Business and Finance, 42(July), 689–709. https://doi.org/10.1016/j.ribaf.2017.07.011
Ezhilarasi, G., & Kabra, K. C. (2017). The impact of corporate governance attributes on environmental disclosures: Evidence from India. Indian Journal of Corporate Governance, 10(1), 24–43. https://doi.org/10.1177/0974686217701464
Gray, R., Kouhy, R., & Lavers, S. (1995). Constructing a research database of social and environmental reporting by UK companies. 8(2), 78–101.
Hamzah, H. (2017). Pengaruh Kepemilikan Manajemen Dan Ukuran Dewan Komisaris Perusahaan terhadap Pengungkapan Tanggungjawab Sosial. Jurnal Aplikasi Manajemen, Ekonomi Dan Bisnis, 1(2), 148–153. http://jameb.stimlasharanjaya.ac.id/JAMEB/article/view/31
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.
Kabir, R., & Thai, H. M. (2021). Key factors determining corporate social responsibility practices of Vietnamese firms and the joint effects of foreign ownership. Journal of Multinational Financial Management, 59, 100676. https://doi.org/10.1016/j.mulfin.2020.100676
Khamainy, A. H., & Laras Asih, D. N. (2019). Pengungkapan Corporate Social Responsibility (CSR) dan Kinerja Keuangan Perusahaan dengan Pengungkapan Anti Korupsi sebagai Variabel Moderasi. Akmenika: Jurnal Akuntansi Dan Manajemen, 13(2), 271–282. https://doi.org/10.31316/akmenika.v16i2.393
Khan, A., Muttakin, M. B., & Siddiqui, J. (2013). Corporate Governance and Corporate Social Responsibility Disclosures: Evidence from an Emerging Economy. Journal of Business Ethics, 114(2), 207–223. https://doi.org/10.1007/s10551-012-1336-0
Liu, X., & Zhang, C. (2017). Corporate governance, social responsibility information disclosure, and enterprise value in China. Journal of Cleaner Production, 142, 1075–1084. https://doi.org/10.1016/j.jclepro.2016.09.102
Majeed, S. (2015). The effect of corporate governance elements on corporate social responsibility (Csr) disclosure: An empirical evidence from listed companies at kse Pakistan. International Journal of Financial Studies, 3(4), 530–556. https://doi.org/10.3390/ijfs3040530
McWilliams, A., Siegel, D. S., & Wright, P. M. (2006). Corporate social responsibility: A theory of the firm perspective. Journal of Management Studies2, 43(1), 1–18.
Ningrum, A. K., Suprapti, E., & Hidayat Anwar, A. S. (2018). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Tax Avoidance Dengan Gender Sebagai Variabel Moderasi (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2016). BALANCE: Economic, Business, Management and Accounting Journal, 15(01). https://doi.org/10.30651/blc.v15i01.1260
Novitasari & Rani. (2015). Pengaruh Kepemilikan Institusional,Kepemilikan Manajerial,Return On Assets (ROA) Dan Ukuran Perusahaan Terhadap Pengungkapan Corporate Social Responsibility(CSR) Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2011-2013. Ekp, 13(3), 1576–1580.
Nurleni, N. (2018). The effect of managerial and institutional ownership on corporate social responsibility disclosure. International Journal of Law and Management, 60(4), 979–987. https://doi.org/10.1108/IJLMA-03-2017-0078
Purnamawati, I. G. A., Yuniarta, G. A., & Astria, P. R. (2017). Good Corporate Governance Dan Pengaruhnya Terhadap Nilai Perusahaan Melalui Corporate Social Responsibility Disclosure. Jurnal Keuangan Dan Perbankan, 21(2), 276–286. https://doi.org/10.26905/jkdp.v21i2.505
Putra, Y. P. (2018). Pengaruh Kinerja Lingkungan Terhadap Kinerja Keuangan Dengan Pengungkapan Corporate Social Responsibility (CSR) Sebagai Variabel Intervening. BALANCE Jurnal Akuntansi Dan Bisnis, 2(2), 227. https://doi.org/10.32502/jab.v2i2.1175
Rengganis, R. M. Y. D., & Putri, I. G. A. . A. D. P. (2018). Pengaruh Corporate Governance dan Pengungkapan Corporate Social Responsibility Terhadap Agresivitas Pajak Fakultas Ekonomi dan Bisnis Universitas Udayana ( Unud ), Bali , Indonesia email : dwiyuliaa67@gmail.com / telp : + 6289512478401 Fakultas Ekonomi da. E-Jurnal Akuntansi Universitas Udayana, 24, 871–898.
Rizky. H, R., Afrizal, & Puspa Arum, E. D. (2019). Pengaruh Kepemilikan Manajemen Serta Kepemilikan Institusional, Profitabilitas Dan Kinerja Lingkungan (Environmental Performance) Terhadap Pengungkapan Corporate Social Responsibility (Studi Empiris Perusahaan Pertambangan Periode 2015-2017). Jurnal Akuntansi & Keuangan Unja, 4(1), 34–44. https://doi.org/10.22437/jaku.v4i1.7427
Salehi, M. (2017). The relationship between board of directors’ structure and company ownership with corporate social responsibility disclosure: Iranian angle. Humanomics, 33(4), 398–418. https://doi.org/10.1108/H-02-2017-0022
Sari, N. L. K. M., & Putri, I. G. A. M. A. D. (2016). Kemampuan Profitabilitas Memoderasi Pengaruh Likuiditas Dan Leverage Terhadap Financial Distress. Juara Jurnal Riset Akutansi, 6(1), 3419–3448.
Sarumpaet. (2005). the Relationship Between Environmental Performance and Financial Performance of Indonesian Companies. Jurnal Akuntansi Dan Keuangan, 7(2), 89–98. https://doi.org/10.9744/jak.7.2.pp.89-98
Singal & Putra. (2019). Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, dan Kepemilikan Asing Pada Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi, 29(1), 468. https://doi.org/10.24843/eja.2019.v29.i01.p30
Sukasih, A., & Sugiyanto, E. (2017). Pengaruh Struktur Good Corporate Governance dan Kinerja Lingkungan Terhadap Pengungkapan Corporate Social Responsibility (Studi Pada Perusahaan Manufaktur di Bursa Efek Indonesia Periode 2011-2015). Riset Akuntansi Dan Keuangan Indonesia, 2(2), 121–131. https://doi.org/10.23917/reaksi.v2i2.4894
Wartina & Prima Apriweni, E. (2018). Dampak Kinerja Lingkungan, Kepemilikan Institusional, Kepemilikan Publik, Leverage, Ukuran Perusahaan Dan Pertumbuhan Perusahaan Terhadap Pengungkapan Tanggungjawab Sosial. Jurnal Akuntansi, 7(1), 31–52. https://doi.org/10.46806/ja.v7i1.454
Widianingsih, D. (2018). Kepemilikan Manajerial, Kepemilikan Institusional, Komisaris Independen, serta Komite Audit pada Nilai Perusahaan dengan Pengungkapan CSR sebagai Variabel Moderating dan Firm Size sebagai Variabel Kontrol. Jurnal Akuntansi Dan Pajak, 19(1), 38. https://doi.org/10.29040/jap.v19i1.196
Wulandari, A. A. A. I., & Sudana, I. P. (2018). Pengaruh Profitabilitas, Kepemilikan Asing, Kepemilikan Manajemen, dan Leverage Pada Intensitas Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi, 22(2), 1445–1472. https://doi.org/10.24843/EJA.2018.v22.i02.p23
Yani, N. P. T. P., & Suputra, I. D. G. D. (2020). Pengaruh Kepemilikan Asing, Kepemilikan Institusional dan Leverage terhadap Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi, 30(5), 1196. https://doi.org/10.24843/eja.2020.v30.i05.p10
Published
2023-01-26
How to Cite
ANDRIANI, Ni Putu Melia; SUDANA, I Putu.
Kepemilikan Manajemen, Kepemilikan Institusional pada Corporate Social Responsibility Disclosure dengan Kinerja Lingkungan sebagai Pemoderasi.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 1, p. 59-72, jan. 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/83693>. Date accessed: 30 apr. 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i01.p05.
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