Profitabilitas, Leverage, Kepemilikan Publik, dan Pengungkapan Corporate Social Responsibility
Abstract
The aim of this study is to empirically examine the effect of profitability, leverage, and public ownership on the disclosure of corporate social responsibility (CSR) of SRI-KEHATI indexed companies. The causal relationship quantitative approach was carried out with secondary data sources originating from 85 sample company reports which were then analyzed through multiple linear regression. The research found that the results of leverage and public ownership have a positive effect on disclosure of corporate social responsibility, while profitability has a negative effect on disclosure of corporate social responsibility. The results of the research can contribute to the company's CSR disclosure policy by considering the factors that can influence CSR disclosure policies.
Keywords: Corporate Social Responsibility Disclosure; Profitability; leverage; Public Ownership
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References
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Asrori, A., Amal, M. I., & Harjanto, A. P. (2019). Company characteristics on the reporting index of corporate social and environmental disclosure in Indonesian public companies. International Journal of Energy Economics and Policy, 9(5), 481–488. https://doi.org/10.32479/ijeep.7990
Benn, S., Abratt, R., & O’Leary, B. (2016). Defining and identifying stakeholders: Views from management and stakeholders. South African Journal of Business Management, 47(2), 1–11. https://doi.org/10.4102/sajbm.v47i2.55
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Dewi, M. A. B. C., & Budiasih, I. G. A. N. (2021). Profitabilitas, Leverage dan Pengungkapan Corporate Social Responsibility dengan Ukuran Perusahaan Sebagai Variabel Pemoderasi. E-Jurnal Akuntansi, 31(11), 2812. https://doi.org/10.24843/eja.2021.v31.i11.p11
Fahad, P., & Busru, S. A. (2020). CSR disclosure and firm performance: evidence from an emerging market. Corporate Governance (Bingley), 21(4), 553–568. https://doi.org/10.1108/CG-05-2020-0201
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Kirana, A. D., & Prasetyo, A. B. (2021). Analyzing Board Characteristics, Ownership Structure and Company Characteristic to CSR Disclosure. Accounting Analysis Journal, 10(1), 62–70. https://doi.org/10.15294/aaj.v10i1.41944
Kumar, K., Kumari, R., Poonia, A., & Kumar, R. (2021). Factors influencing corporate sustainability disclosure practices: empirical evidence from Indian National Stock Exchange. Journal of Financial Reporting and Accounting, August 2021. https://doi.org/10.1108/JFRA-01-2021-0023
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Madani, N. K. N., & Gayatri, G. (2021). Profitabilitas, Ukuran Perusahaan, Umur Perusahaan, Kepemilikan Institusional dan Pengungkapan Sustainability Report. E-Jurnal Akuntansi, 31(4), 822–835.
Marthin, M., Salinding, M. B., & Akim, I. (2018). Implementasi Prinsip Corporate Social Responsibility (Csr) Berdasarkan Undang-Undang Nomor 40 Tahun 2007 Tentang Perseroan Terbatas. Journal of Private and Commercial Law, 1(1), hal. 111-132. https://doi.org/10.15294/jpcl.v1i1.12358
Matuszak, Ł., Różańska, E., & Macuda, M. (2019). The impact of corporate governance characteristics on banks’ corporate social responsibility disclosure: Evidence from Poland. Journal of Accounting in Emerging Economies, 9(1), 75–102. https://doi.org/10.1108/JAEE-04-2017-0040
Munsaidah, S., Andini, R., & Supriyanto, A. (2016). Analisis Pengaruh Firm Size, Age, Profitabilitas, Leverage, dan Growth Perusahaan terhadap Corporate Social Rerponsibility (CSR). Journal of Accounting, 2(2), 1–11.
Narayana, I. P. L., & Wirakusuma, M. G. (2021). Pengungkapan CSR pada Nilai Perusahaan dengan Profitabilitas dan Ukuran Perusahaan sebagai Variabel Moderasi. E-Jurnal Akuntansi Universitas Udayana, 31(4), 862–879.
Nwude, E. C., & Nwude, C. A. (2021). Board Structure and Corporate Social Responsibility: Evidence From Developing Economy. SAGE Open, 11(1). https://doi.org/10.1177/2158244020988543
O’Hara, N. (2017). An analysis of the effects that CSR awards and firm size have on the CSR reporting disclosures in the annual reports of Irish business operations. 1–51. http://trap.ncirl.ie/id/eprint/2889
Ramadhani, R., & Maresti, D. (2021). Pengaruh Leverage dan Ukuran Dewan Direksi Terhadap Pengungkapan CSR. Ekonomis: Journal of Economics and Business, 5(1), 78. https://doi.org/10.33087/ekonomis.v5i1.262
Singgih, M., Farida, L., & Iwanda, R. A. (2018). Determinan Tingkat Pengungkapan Tanggung Jawab Sosial Perusahaan Manufaktur Sub Sektor Makanan Dan Minuman Di Bei. Bisma, 11(3), 259. https://doi.org/10.19184/bisma.v11i3.6320
Ting, P. H. (2021). Do large firms just talk corporate social responsibility? - The evidence from CSR report disclosure. Finance Research Letters, 38, 101476. https://doi.org/10.1016/j.frl.2020.101476
Tista, K. R. R., & Asri Dwija Putri, I. G. A. M. (2020). Faktor - Faktor yang Mempengaruhi Luas Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi Universitas Udayana, 30(11), 2737–2752. https://doi.org/10.24843/eja.2020.v30.i11.p03
Walhi.or.id (2018). Terus Menuai Konflik Agraria dan Lingkungan Hidup, Komitmen Astra Agro Lestari Dipertanyakan. Diakses pada 20 November 2020, dari https://www.walhi.or.id/terus-menuai-konflik-agraria-dan-lingkungan-hidup-komitmen-astra-agro-lestari-dipertanyakan-eksekutif-nasional-walhi-walhi-sulawesi-tengah-sawit-watch-tuk-indonesia
Anto, L. O. (2021). Profitability, Firm Size, Corporate Social Responsibility Disclosure, and Firm Value. Archives of Business Research, 9(9), 76–96. https://doi.org/10.14738/abr.99.10902
Ariswari, P. M. A., & Damayanthi, I. G. A. E. (2019). Pengaruh Profitabilitas, Leverage, dan Kepemilikan Manajemen pada Pengungkapan CSR dengan Ukuran Perusahaan sebagai Variabel Kontrol. E-Jurnal Akuntansi, 29(1), 372. https://doi.org/10.24843/eja.2019.v29.i01.p24
Ashfaq, K., & Rui, Z. (2019). Revisiting the relationship between corporate governance and corporate social and environmental disclosure practices in Pakistan. Social Responsibility Journal, 15(1), 90–119. https://doi.org/10.1108/SRJ-01-2017-0001
Asrori, A., Amal, M. I., & Harjanto, A. P. (2019). Company characteristics on the reporting index of corporate social and environmental disclosure in Indonesian public companies. International Journal of Energy Economics and Policy, 9(5), 481–488. https://doi.org/10.32479/ijeep.7990
Benn, S., Abratt, R., & O’Leary, B. (2016). Defining and identifying stakeholders: Views from management and stakeholders. South African Journal of Business Management, 47(2), 1–11. https://doi.org/10.4102/sajbm.v47i2.55
Brin, P., & Nehme, M. N. (2019). Corporate Social Responsibility: Analysis of Theories and Models. EUREKA: Social and Humanities, 5(5), 22–30. https://doi.org/10.21303/2504-5571.2019.001007
Dewi, M. A. B. C., & Budiasih, I. G. A. N. (2021). Profitabilitas, Leverage dan Pengungkapan Corporate Social Responsibility dengan Ukuran Perusahaan Sebagai Variabel Pemoderasi. E-Jurnal Akuntansi, 31(11), 2812. https://doi.org/10.24843/eja.2021.v31.i11.p11
Fahad, P., & Busru, S. A. (2020). CSR disclosure and firm performance: evidence from an emerging market. Corporate Governance (Bingley), 21(4), 553–568. https://doi.org/10.1108/CG-05-2020-0201
Freeman, R. E., & Dmytriyev, S. (2020). Corporate Social Responsibility and Stakeholder Theory: Learning From Each Other. Symphonya. Emerging Issues in Management, 1, 7–15. https://doi.org/10.4468/2017.1.02freeman.dmytriyev
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
Garas, S., Elmassah, S., & Elmassah, S. (2018). Corporate governance and corporate social responsibility disclosures The case of GCC countries. https://doi.org/10.1108/cpoib-10-2016-0042
Hermawan, A., & Gunardi, A. (2019). Motivation for disclosure of corporate social responsibility: Evidence from banking industry in Indonesia. Entrepreneurship and Sustainability Issues, 6(3), 1297–1306. https://doi.org/10.9770/jesi.2019.6.3(17)
Kirana, A. D., & Prasetyo, A. B. (2021). Analyzing Board Characteristics, Ownership Structure and Company Characteristic to CSR Disclosure. Accounting Analysis Journal, 10(1), 62–70. https://doi.org/10.15294/aaj.v10i1.41944
Kumar, K., Kumari, R., Poonia, A., & Kumar, R. (2021). Factors influencing corporate sustainability disclosure practices: empirical evidence from Indian National Stock Exchange. Journal of Financial Reporting and Accounting, August 2021. https://doi.org/10.1108/JFRA-01-2021-0023
Lu, J., Rong, D., Zhang, C., Wang, C., Saeidi, P., & Streimikis, J. (2021). Exploring the relationship between corporate social responsibility and sales growth of small and medium enterprises: A combined case study in the light of a literature review. Acta Polytechnica Hungarica, 18(2), 177–197. https://doi.org/10.12700/APH.18.2.2021.2.10
Madani, N. K. N., & Gayatri, G. (2021). Profitabilitas, Ukuran Perusahaan, Umur Perusahaan, Kepemilikan Institusional dan Pengungkapan Sustainability Report. E-Jurnal Akuntansi, 31(4), 822–835.
Marthin, M., Salinding, M. B., & Akim, I. (2018). Implementasi Prinsip Corporate Social Responsibility (Csr) Berdasarkan Undang-Undang Nomor 40 Tahun 2007 Tentang Perseroan Terbatas. Journal of Private and Commercial Law, 1(1), hal. 111-132. https://doi.org/10.15294/jpcl.v1i1.12358
Matuszak, Ł., Różańska, E., & Macuda, M. (2019). The impact of corporate governance characteristics on banks’ corporate social responsibility disclosure: Evidence from Poland. Journal of Accounting in Emerging Economies, 9(1), 75–102. https://doi.org/10.1108/JAEE-04-2017-0040
Munsaidah, S., Andini, R., & Supriyanto, A. (2016). Analisis Pengaruh Firm Size, Age, Profitabilitas, Leverage, dan Growth Perusahaan terhadap Corporate Social Rerponsibility (CSR). Journal of Accounting, 2(2), 1–11.
Narayana, I. P. L., & Wirakusuma, M. G. (2021). Pengungkapan CSR pada Nilai Perusahaan dengan Profitabilitas dan Ukuran Perusahaan sebagai Variabel Moderasi. E-Jurnal Akuntansi Universitas Udayana, 31(4), 862–879.
Nwude, E. C., & Nwude, C. A. (2021). Board Structure and Corporate Social Responsibility: Evidence From Developing Economy. SAGE Open, 11(1). https://doi.org/10.1177/2158244020988543
O’Hara, N. (2017). An analysis of the effects that CSR awards and firm size have on the CSR reporting disclosures in the annual reports of Irish business operations. 1–51. http://trap.ncirl.ie/id/eprint/2889
Ramadhani, R., & Maresti, D. (2021). Pengaruh Leverage dan Ukuran Dewan Direksi Terhadap Pengungkapan CSR. Ekonomis: Journal of Economics and Business, 5(1), 78. https://doi.org/10.33087/ekonomis.v5i1.262
Singgih, M., Farida, L., & Iwanda, R. A. (2018). Determinan Tingkat Pengungkapan Tanggung Jawab Sosial Perusahaan Manufaktur Sub Sektor Makanan Dan Minuman Di Bei. Bisma, 11(3), 259. https://doi.org/10.19184/bisma.v11i3.6320
Ting, P. H. (2021). Do large firms just talk corporate social responsibility? - The evidence from CSR report disclosure. Finance Research Letters, 38, 101476. https://doi.org/10.1016/j.frl.2020.101476
Tista, K. R. R., & Asri Dwija Putri, I. G. A. M. (2020). Faktor - Faktor yang Mempengaruhi Luas Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi Universitas Udayana, 30(11), 2737–2752. https://doi.org/10.24843/eja.2020.v30.i11.p03
Walhi.or.id (2018). Terus Menuai Konflik Agraria dan Lingkungan Hidup, Komitmen Astra Agro Lestari Dipertanyakan. Diakses pada 20 November 2020, dari https://www.walhi.or.id/terus-menuai-konflik-agraria-dan-lingkungan-hidup-komitmen-astra-agro-lestari-dipertanyakan-eksekutif-nasional-walhi-walhi-sulawesi-tengah-sawit-watch-tuk-indonesia
Published
2023-07-30
How to Cite
PRATIWI, Ni Putu Adelia Maya.
Profitabilitas, Leverage, Kepemilikan Publik, dan Pengungkapan Corporate Social Responsibility.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 7, p. 1919-1930, july 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/98760>. Date accessed: 11 may 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i07.p17.
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