Determinant of The Corporate Social Responsibility Disclosure: Evidence of Indonesian Manufacturing Companies
Abstract
Following the necessity to provide transparent information on social activities, corporate social responsibility (CSR) disclosure is important for companies in Indonesia. This study aims to examine and analyze the effect of information ofCEO Power (CEOP), Board Capital (BCAPDUM), Media Disclosure (PMED), and Profitability (ROA) on CSR. This research usedmanufacturing companies listed on the IDX in 2016 as the subject. Using thepurposive sampling method, 26 companies were selected as the research sample. Research findings showed thatCEOP, PMED, and ROA haveastatistical effect on CSR disclosure, whereas BCAPDUM has no effect on CSR disclosure. Therefore, CEOP, PMED, and ROA have a positive and significant effect on CSR disclosure.
Keywords: CEO Power, Board Capital, Media Disclosure, Profitability, CSR
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References
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Certo, S. T., Holmes, R. M., & Holcomb, T. R. (2007). The influence of people on the performance of IPO firms. Business Horizons, 50(4), 271–276. https://doi.org/10.1016/j.bushor.2007.02.006
Chelsya, C. (2018). Pengaruh profitabilitas, ukuran perusahaan dan ukuran dewan komisaris terhadap pengungkapan tanggung jawab sosial perusahaan pada perusahaan manufaktur yang terdaftar di bursa efek indonesia. Jurnal Ekonomi, 23(1), 141–153. https://doi.org/10.24912/je.v23i1.339
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Dahlsrud, A. (2008). How corporate social responsibility is defined: An analysis of 37 definitions. Corporate Social Responsibility and Environmental Management, 15, 1–13. https://doi.org/10.1002/csr.132
Dewi, K. S., & Prasetiono. (2012). Analisis Pengaruh ROA, NPM, DER, dan Size terhadap Praktik Perataan Laba. Diponogoro Journal Of Accounting, 1(2), 172–180.
Fahmi, I. (2017). Analisis Laporan Keuangan Cetakan Kelima. ALFABETA.
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Gössling, T., & Vocht, C. (2007). Social role conceptions and CSR policy success. Journal of Business Ethics, 74, 363–372. https://doi.org/10.1007/s10551-007-9512-3
Hackston, D., & Milne, M. J. (1996). Some determinants of social and environmental disclosures in New Zealand companies. Accounting, Auditing & Accountability Journal, 9(1), 77–108. https://doi.org/10.1108/09513579610109987
Han, S., Nanda, V. K., & Silveri, S. D. (2016). CEO Power and Firm Performance under Pressure. Financial Management, 369–400. https://doi.org/10.1111/fima.12127
Henriques, I., & Sadorsky, P. (1996). The determinants of an environmentally responsive firm: An empirical approach. Journal of Environmental Economics and Management, 30(3), 381–395. https://doi.org/10.1006/jeem.1996.0026
Hess, P., & Siciliano, J. (1996). Management Responsibility For Performance (Internatio). McGraw Hill, Inc.
Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28(3), 383–396. https://doi.org/10.5465/AMR.2003.10196729
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Ikhsan, A., Tarigan, N. M. R., & Arifin, Z. (2015). Perilaku Organisasi. CV. Madentera Indonesia.
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Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3, 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
Kotler, P., & Lee, N. (2005). Corporate social responsibility: doing the most good for your company and your cause / Philip Kotler and Nancy Lee. In Source: Academy of Management Perspectives.
Kristi, A. A. (2013). Faktor-Faktor Yang Mempengaruhi Pengungkapan Corporate Social Responsibility pada Perusahaan Publik Di Indonesia. Fakultas Ekonomi Dan Bisnis Universitas Brawijaya, 1(1), 1–27.
Lawrence, A. T., & Weber, J. (2011). Bussiness and Society: Stakeholders, Ethics, Publik Policy. McGraw-Hill.
Munif, A. Z., & Prabowo, T. J. W. (2010). Faktor-Faktor Yang Mempengaruhi Indeks Pengungkapan Corporate Social Responsibility Di Indonesia (Studi Empiris pada Perusahaan Non Keuangan yang Listing di Bursa Efek Indonesia). Universitas Diponegoro.
Muttakin, M. B., Khan, A., & Mihret, D. G. (2018). The Effect of Board Capital and CEO Power on Corporate Social Responsibility Disclosures. Journal of Business Ethics, 150(1), 41–56. https://doi.org/10.1007/s10551-016-3105-y
Noval, M. (2015). Pengaruh CEO Power Terhadap Kinerja Perusahaan dengan Peran Komisaris Independen Sebagai Variabel Moderasi. Jurnal Ilmu Manajemen Dan Akuntansi Terapan.
Ocasio, W. (1994). Political Dynamics and the Circulation of Power: CEO Succession in U.S. Industrial Corporations, 1960-1990. Administrative Science Quarterly, 39(2), 285–312. https://doi.org/10.2307/2393237
Permadiswara, K. Y., & Sujana, I. K. (2018). Pengaruh Profitabilitas, Ukuran Perusahaan, Kepemilikan Manajemen dan Media Exposure Pada Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi, 25(1), 690–716. https://doi.org/10.24843/eja.2018.v25.i01.p26
Plorensia, W., & Hardiningsih, P. (2015). Pengaruh Agresivitas Pajak Dan media Eksplosure Terhadap Corporate Social Responsibility. Dinamika Akuntansi, Keuangan Dan Perbankan, 4(2), 136 – 151.
Ramón-Llorens, M. C., García-Meca, E., & Pucheta-Martínez, M. C. (2019). The role of human and social board capital in driving CSR reporting. Long Range Planning, 52(6). https://doi.org/10.1016/j.lrp.2018.08.001
Respati, R. D., & Hadiprajitno, P. B. (2015). Analisis Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Tipe Industri, Dan Pengungkapan Media Terhadap Pengungkapan Corporate Social Responsibility (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2014). Diponegoro Journal Of Accounting, 4(4), 1–11.
Reverte, C. (2009). Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2), 351–366. https://doi.org/10.1007/s10551-008-9968-9
Sari, A. R., Sutrisno, & Sukoharsono, E. G. (2013). Pengaruh Kepemilikan Institusional, Komposisi Dewan Komisaris, Kinerja Perusahaan terhadap Luas Pengungkapan Corporate Social Responsibility di dalam Sustainability Report pada Perusahaan Manufaktur yang Terdaftar di BEI. Jurnal Aplikasi Manajemen, 11(3), 481–491.
Sartono, A. (2015). Management Keuangan Teori dan Aplikasi. BPFE.
Sholihin, M. R., & Harnovinsah. (2017). Analisis Faktor-Faktor Yang Mempengaruhi Pengungkapan Corporate Social Responsibility (Studi Empiris Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia). PROFITA, 10(2), 268–292.
Sparta, D., & Rheadanti, D. K. (2019). Pengaruh Media Exposure Tehradap Pengungkapan Corporate Social Responsibility Perusahaan Manufaktur Terdaftar di BEI. Equity, 22(1), 12. https://doi.org/10.34209/equ.v22i1.903
Sudana, I. M., & Aristina, N. P. N. (2017). Chief Executive Officer (CEO) Power, CEO Keluarga, Dan Nilai Ipo Premium Perusahaan Keluarga Di Indonesia. Jurnal Akuntansi, 21(2), 219–231. https://doi.org/10.24912/ja.v21i2.196
Tuch, C., & O’Sullivan, N. (2007). The impact of acquisitions on firm performance: A review of the evidence. International Journal of Management Reviews, 9(2), 141–170. https://doi.org/10.1111/j.1468-2370.2007.00206.x
Wardhani, R., & Muid, D. (2017). Pengaruh Agresivitas Pajak, Ukuran Perusahaan Dan Profitabilitas Terhadap Corporate Social Responsibility (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2014-2015). Diponegoro Journal of Accounting, 6(3), 752–761.
Wulolo, C. F., & Rahmawati, I. P. (2017). Analisis Pengungkapan Corporate Social Responsibility Berdasarkan Global Reporting Initiative G4. Jurnal Organisasi Dan Manajemen, 13(1), 53-60. https://doi.org/10.33830/jom.v13i1.34.2017
Yuliana, R., Purnomosidhi, B., & Sukoharsono, E. G. (2008). Pengaruh Karakteristik Perusahaan Terhadap Pengungkapan Corporate Social Responsibility (CSR) Dan Dampaknya Terhadap Reaksi Investor. Jurnal Akuntansi Dan Keuangan Indonesia, 5(2), 245–276. https://doi.org/10.21002/jaki.2008.12
Bansal, P., & Roth, K. (2000). Why Companies Go Green: A Model of Ecological Responsiveness. Academy of Management Journal, 43(4), 717–736. https://doi.org/10.5465/1556363
Becker, G. S. (1964). Investment in Human Capital: A Theoretical Analysis. Columbia University Press. https://doi.org/10.1086/258724
Boeker, W. (1992). Power and Managerial Dismissal: Scapegoating at the Top. Administrative Science Quarterly, 37(3), 400–422. https://doi.org/10.2307/2393450
Certo, S. T., Holmes, R. M., & Holcomb, T. R. (2007). The influence of people on the performance of IPO firms. Business Horizons, 50(4), 271–276. https://doi.org/10.1016/j.bushor.2007.02.006
Chelsya, C. (2018). Pengaruh profitabilitas, ukuran perusahaan dan ukuran dewan komisaris terhadap pengungkapan tanggung jawab sosial perusahaan pada perusahaan manufaktur yang terdaftar di bursa efek indonesia. Jurnal Ekonomi, 23(1), 141–153. https://doi.org/10.24912/je.v23i1.339
Clapham, S. E., & Schwenk, C. R. (1991). Self‐serving attributions, managerial cognition, and company performance. Strategic Management Journal, 12(3), 219–229. https://doi.org/10.1002/smj.4250120305
Dahlsrud, A. (2008). How corporate social responsibility is defined: An analysis of 37 definitions. Corporate Social Responsibility and Environmental Management, 15, 1–13. https://doi.org/10.1002/csr.132
Dewi, K. S., & Prasetiono. (2012). Analisis Pengaruh ROA, NPM, DER, dan Size terhadap Praktik Perataan Laba. Diponogoro Journal Of Accounting, 1(2), 172–180.
Fahmi, I. (2017). Analisis Laporan Keuangan Cetakan Kelima. ALFABETA.
Fama, E. F., & Jensen, M. C. (1983). Separation of Ownership and Control Separation of Ownership and Control. Journal of Law and Economics, 26(2), 301–325.
Fauziah, G., Irwanto, A. K., & Syamsun, M. (2016). Pengaruh Pengungkapan Corporate Social Responsibility terhadap Nilai Perusahaan pada Indeks Saham LQ45. MANAJEMEN IKM: Jurnal Manajemen Pengembangan Industri Kecil Menengah, 11(1), 52–60. https://doi.org/10.29244/mikm.11.1.52-60
Gössling, T., & Vocht, C. (2007). Social role conceptions and CSR policy success. Journal of Business Ethics, 74, 363–372. https://doi.org/10.1007/s10551-007-9512-3
Hackston, D., & Milne, M. J. (1996). Some determinants of social and environmental disclosures in New Zealand companies. Accounting, Auditing & Accountability Journal, 9(1), 77–108. https://doi.org/10.1108/09513579610109987
Han, S., Nanda, V. K., & Silveri, S. D. (2016). CEO Power and Firm Performance under Pressure. Financial Management, 369–400. https://doi.org/10.1111/fima.12127
Henriques, I., & Sadorsky, P. (1996). The determinants of an environmentally responsive firm: An empirical approach. Journal of Environmental Economics and Management, 30(3), 381–395. https://doi.org/10.1006/jeem.1996.0026
Hess, P., & Siciliano, J. (1996). Management Responsibility For Performance (Internatio). McGraw Hill, Inc.
Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28(3), 383–396. https://doi.org/10.5465/AMR.2003.10196729
Ikhsan, A., Safrida, L., Dewi, P. K., Abdullah, I., Kusmilawati, & Hasbiana Dalimunthe. (2018). Analisa Laporan Keuangan. Madenatera.
Ikhsan, A., Tarigan, N. M. R., & Arifin, Z. (2015). Perilaku Organisasi. CV. Madentera Indonesia.
Ikhsan, A., Y., N. M., Lesmana, S., & Ritonga, P. (2016). Teori Akuntansi. CV. Madenatera.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3, 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
Kotler, P., & Lee, N. (2005). Corporate social responsibility: doing the most good for your company and your cause / Philip Kotler and Nancy Lee. In Source: Academy of Management Perspectives.
Kristi, A. A. (2013). Faktor-Faktor Yang Mempengaruhi Pengungkapan Corporate Social Responsibility pada Perusahaan Publik Di Indonesia. Fakultas Ekonomi Dan Bisnis Universitas Brawijaya, 1(1), 1–27.
Lawrence, A. T., & Weber, J. (2011). Bussiness and Society: Stakeholders, Ethics, Publik Policy. McGraw-Hill.
Munif, A. Z., & Prabowo, T. J. W. (2010). Faktor-Faktor Yang Mempengaruhi Indeks Pengungkapan Corporate Social Responsibility Di Indonesia (Studi Empiris pada Perusahaan Non Keuangan yang Listing di Bursa Efek Indonesia). Universitas Diponegoro.
Muttakin, M. B., Khan, A., & Mihret, D. G. (2018). The Effect of Board Capital and CEO Power on Corporate Social Responsibility Disclosures. Journal of Business Ethics, 150(1), 41–56. https://doi.org/10.1007/s10551-016-3105-y
Noval, M. (2015). Pengaruh CEO Power Terhadap Kinerja Perusahaan dengan Peran Komisaris Independen Sebagai Variabel Moderasi. Jurnal Ilmu Manajemen Dan Akuntansi Terapan.
Ocasio, W. (1994). Political Dynamics and the Circulation of Power: CEO Succession in U.S. Industrial Corporations, 1960-1990. Administrative Science Quarterly, 39(2), 285–312. https://doi.org/10.2307/2393237
Permadiswara, K. Y., & Sujana, I. K. (2018). Pengaruh Profitabilitas, Ukuran Perusahaan, Kepemilikan Manajemen dan Media Exposure Pada Pengungkapan Corporate Social Responsibility. E-Jurnal Akuntansi, 25(1), 690–716. https://doi.org/10.24843/eja.2018.v25.i01.p26
Plorensia, W., & Hardiningsih, P. (2015). Pengaruh Agresivitas Pajak Dan media Eksplosure Terhadap Corporate Social Responsibility. Dinamika Akuntansi, Keuangan Dan Perbankan, 4(2), 136 – 151.
Ramón-Llorens, M. C., García-Meca, E., & Pucheta-Martínez, M. C. (2019). The role of human and social board capital in driving CSR reporting. Long Range Planning, 52(6). https://doi.org/10.1016/j.lrp.2018.08.001
Respati, R. D., & Hadiprajitno, P. B. (2015). Analisis Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Tipe Industri, Dan Pengungkapan Media Terhadap Pengungkapan Corporate Social Responsibility (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2014). Diponegoro Journal Of Accounting, 4(4), 1–11.
Reverte, C. (2009). Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2), 351–366. https://doi.org/10.1007/s10551-008-9968-9
Sari, A. R., Sutrisno, & Sukoharsono, E. G. (2013). Pengaruh Kepemilikan Institusional, Komposisi Dewan Komisaris, Kinerja Perusahaan terhadap Luas Pengungkapan Corporate Social Responsibility di dalam Sustainability Report pada Perusahaan Manufaktur yang Terdaftar di BEI. Jurnal Aplikasi Manajemen, 11(3), 481–491.
Sartono, A. (2015). Management Keuangan Teori dan Aplikasi. BPFE.
Sholihin, M. R., & Harnovinsah. (2017). Analisis Faktor-Faktor Yang Mempengaruhi Pengungkapan Corporate Social Responsibility (Studi Empiris Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia). PROFITA, 10(2), 268–292.
Sparta, D., & Rheadanti, D. K. (2019). Pengaruh Media Exposure Tehradap Pengungkapan Corporate Social Responsibility Perusahaan Manufaktur Terdaftar di BEI. Equity, 22(1), 12. https://doi.org/10.34209/equ.v22i1.903
Sudana, I. M., & Aristina, N. P. N. (2017). Chief Executive Officer (CEO) Power, CEO Keluarga, Dan Nilai Ipo Premium Perusahaan Keluarga Di Indonesia. Jurnal Akuntansi, 21(2), 219–231. https://doi.org/10.24912/ja.v21i2.196
Tuch, C., & O’Sullivan, N. (2007). The impact of acquisitions on firm performance: A review of the evidence. International Journal of Management Reviews, 9(2), 141–170. https://doi.org/10.1111/j.1468-2370.2007.00206.x
Wardhani, R., & Muid, D. (2017). Pengaruh Agresivitas Pajak, Ukuran Perusahaan Dan Profitabilitas Terhadap Corporate Social Responsibility (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2014-2015). Diponegoro Journal of Accounting, 6(3), 752–761.
Wulolo, C. F., & Rahmawati, I. P. (2017). Analisis Pengungkapan Corporate Social Responsibility Berdasarkan Global Reporting Initiative G4. Jurnal Organisasi Dan Manajemen, 13(1), 53-60. https://doi.org/10.33830/jom.v13i1.34.2017
Yuliana, R., Purnomosidhi, B., & Sukoharsono, E. G. (2008). Pengaruh Karakteristik Perusahaan Terhadap Pengungkapan Corporate Social Responsibility (CSR) Dan Dampaknya Terhadap Reaksi Investor. Jurnal Akuntansi Dan Keuangan Indonesia, 5(2), 245–276. https://doi.org/10.21002/jaki.2008.12
Published
2021-01-05
How to Cite
IKHSAN, Arfan et al.
Determinant of The Corporate Social Responsibility Disclosure: Evidence of Indonesian Manufacturing Companies.
Jurnal Ilmiah Akuntansi dan Bisnis, [S.l.], v. 16, n. 1, p. 71-83, jan. 2021.
ISSN 2303-1018.
Available at: <https://ojs.unud.ac.id/index.php/jiab/article/view/66196>. Date accessed: 24 apr. 2024.
doi: https://doi.org/10.24843/JIAB.2021.v16.i01.p05.
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