Koneksi Politik, Kepemilikan Pemerintah dan Pengungkapan Sustainability Reporting
Abstract
Sustainability reporting is a report that contains information outside the company's financial performance. In recent years, there are much increase in the disclosure of sustainability reporting in Indonesia. The purpose of this study is to explain how political connections and government ownership affect the disclosure of sustainability reports. This research was conducted at companies from Indonesia that were ranked on ASRRAT in 2018-2020. Determination of the sample using a purposive sampling method with two criteria, such as companies that publish annual reports and sustainability reports from 2017-2019. The data in this study were analyzed using multiple linear regression analysis techniques. The results of this study indicate that political connections have a positive effect on the disclosure of the sustainability report, but government ownership does not affect the disclosure of the sustainability report. The results of this study also prove there is evidence from the theory of legitimacy, that is the company has a social contract, namely a sustainability report with its environment.
Keywords: Sustainability Report; Political Connection; Government Ownership
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References
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Wuttichindanon, S. (2017). Corporate social responsibility disclosure—choices of report and its determinants: Empirical evidence from firms listed on the Stock Exchange of Thailand. Kasetsart Journal of Social Sciences, 38(2), 156–162. https://doi.org/10.1016/j.kjss.2016.07.002
Aman, Z., Ismail, S., & Bakar, N. S. (2015). Corporate Sustainability Reporting: Malaysian Evidence. The 2nd International Conference on Management and Muamalah, 2015(November), 287–299. https://doi.org/10.1007/978-94-007-1697-1
Dewi, K. E. C., & Sudana, I. P. (2015). Sustainability reporting dan profitabilitas (studi pada pemenang indonesian sustainability reporting awards). E-Jurnal Akuntansi Universitas Udayana, 12(2015), 623–640.
Elkington, J. (1997). Cannibals with Forks. Capstone Publishing Limited. https://doi.org/10.9774/gleaf.978-1-907643-44-6_24
Eryadi, V. U., Wahyudi, I., & Jumaili, S. (2021). Pengaruh Kepemilikan Institusional, Kepemilikan Mayoritas, Kepemilikan Pemerintah, dan Profitabilitas Terhadap Sustainability Reporting Assurance. Conference on Economic and Business Innovation, 1(1), 1052–1068.
Fitriani, R., Hasanah, V. N., & Nuraina, E. (2020). Peran Political Connection sebagai Pemoderasi Sustainability Reporting terhadap Firm Value. Jurnal Riset Akuntansi Dan Perbankan, 14(2), 327–337.
Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Progran IBM SPSS Edisi 9. Undip. Abadi Tejokusumo.
Goettsche, M., Steindl, T., & Gietl, S. (2016). Do Customers Affect the Value Relevance of Sustainability Reporting? Empirical Evidence on Stakeholder Interdependence. Business Strategy and the Environment, 25(3), 149–164. https://doi.org/10.1002/bse.1856
Gunarsih, T., & Ismawati, Y. (2018). Sustainability Report and Firm Performance: Study in Mining and Metal and Food Processing Industry Indonesia Stock Exchange 2014-2017. Journal of Governance and Integrity, 2(1), 4–11. https://doi.org/10.15282/jgi.2.1.2018.5533
Harymawan, I., Putra, F. K. G., Agni, T. D. K., & Kamarudin, K. A. (2020). Sustainability report practices in Indonesia: Context, policy, and readability. International Journal of Energy Economics and Policy, 10(3), 438–443. https://doi.org/10.32479/ijeep.8979
Hasanah, N., Syam, D., & Jati, A. W. (2017). Pengaruh Corporate Governance terhadap Pengungkapan Sustainability Report pada Perusahaan di Indonesia. Jurnal Reviu Akuntansi Dan Keuangan, 5(1), 711–720. https://doi.org/10.22219/jrak.v5i1.4992
Hunardy, N., & Tarigan, J. (2017). Pengaruh Kepemilikan Pemerintah Terhadap Kinerja Keuangan Melalui Dewan Komisaris Independen Sebagai Variabel Intervening. Business Accounting Review, Volume 5(No. 2), 602–604. http://publication.petra.ac.id/index.php/akuntansi-bisnis/article/view/6636/6018
Hung, M., Kim, Y., & Li, S. (2018). Political connections and voluntary disclosure: Evidence from around the world. Journal of International Business Studies, 49(3), 272–302. https://doi.org/10.1057/s41267-017-0139-z
Jahid, M. A., Rashid, M. H. U., Hossain, S. Z., Haryono, S., & Jatmiko, B. (2020). Impact of corporate governance mechanisms on corporate social responsibility disclosure of publicly-listed banks in Bangladesh. Journal of Asian Finance, Economics and Business, 7(6), 61–71. https://doi.org/10.13106/jafeb.2020.vol7.no6.061
Lau, C. M., Lu, Y., & Liang, Q. (2016). Corporate Social Responsibility in China: A Corporate Governance Approach. Journal of Business Ethics, 136(1), 73–87. https://doi.org/10.1007/s10551-014-2513-0
Moleong, L. J. (2018). Metodologi penelitian kualitatif edisi revisi. Remaja Rosdakarya.
Muttakin, M. B., Mihret, D. G., & Khan, A. (2018). Corporate political connection and corporate social responsibility disclosures. Accounting, Auditing & Accountability Journal, 31(2), 725–744. https://doi.org/10.1108/AAAJ-06-2015-2078
Muttakin, M. B., & Subramaniam, N. (2015). Firm ownership and board characteristics: Do they matter for corporate social responsibility disclosure of Indian Companies? Sustainability Accounting, Management and Policy Journal, 6(2), 138–165. https://doi.org/10.1108/SAMPJ-10-2013-0042
Rizky, Z., & Afri Yuyetta, E. N. (2015). Pengaruh Kepemilikan Manajerial, Kepemilikan Pemerintah, Konsentrasi Kepemilikan, Ukuran Pemerintah, Daya Saing Industri, Serta Profitabilitas Perusahaan terhadap Luas Pengungkapan Corporate Social Responsibility. Diponegoro Journal of Accounting, 4(1), 262–271.
Rokhlinasari, S. (2015). Teori –Teori dalam Pengungkapan Informasi Corporate Social Responbility Perbankan. Jurnal Kajian Ekonomi Dan Perbankan Syari’ah, 7(1), 1–11.
Roviqoh, D. I., & Khafid, M. (2021). Profitabilitas dalam Memediasi Pengaruh Kepemilikan Institusional, Komite Audit, dan Ukuran Perusahaan terhadap Pengungkapan Sustainability Report. Business and Economic Analysis Journal, 1(1), 14–26. https://doi.org/https://doi.org/10.15294/beaj.v1i1.30142
Saraswati, E., Sagitaputri, A., & Rahadian, Y. (2020). Political Connections and CSR Disclosures in Indonesia. Journal of Asian Finance, Economics and Business, 7(11), 1097–1104. https://doi.org/10.13106/jafeb.2020.vol7.no11.1097
Setyastrini, P., & Wirajaya, I. G. A. (2017). Intensitas Pengungkapan Corporate Social Responsibility: Pengujian dengan Manajemen Laba AkruaL dan Riil. E-Jurnal Akuntansi, 19(1), 337–366.
Sugiyono, P. D. (2017). Metode Penelitian Bisnis: Pendekatan Kuantitatif, Kualitatif, Kombinasi, dan R&D. Penerbit CV. Alfabeta: Bandung.
Supatmi, Sutrisno, T., Saraswati, E., & Purnomosidhi, B. (2019). The effect of related party transactions on firm performance: the moderating role of political connection in indonesian banking. Business: Theory and Practice, 20, 81–92.
Tao, Q., Sun, Y., Zhu, Y., & Yang, X. (2017). Political Connections and Government Subsidies: Evidence from Financially Distressed Firms in China. Emerging Markets Finance and Trade, 53(8), 1854–1868. https://doi.org/10.1080/1540496X.2017.1332592
Weda, N., & Sudana, I. P. (2021). Sustainability Reporting dan Return Saham di Perusahaan Terindeks LQ45. E-Jurnal Akuntansi; Vol 31 No 6 (2021)DO - 10.24843/EJA.2021.V31.I06.P01 . https://ojs.unud.ac.id/index.php/Akuntansi/article/view/72507
Wuttichindanon, S. (2017). Corporate social responsibility disclosure—choices of report and its determinants: Empirical evidence from firms listed on the Stock Exchange of Thailand. Kasetsart Journal of Social Sciences, 38(2), 156–162. https://doi.org/10.1016/j.kjss.2016.07.002
Published
2022-08-26
How to Cite
SUTAWAN, Made Danartha; SISDYANI, Eka Ardhani.
Koneksi Politik, Kepemilikan Pemerintah dan Pengungkapan Sustainability Reporting.
E-Jurnal Akuntansi, [S.l.], v. 32, n. 8, p. 2047-2057, aug. 2022.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/84101>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.24843/EJA.2022.v32.i08.p07.
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