THE INFLUENCE OF ENVIRONMENTAL PERFORMANCE AND COMPANY CHARACTERISTICS ON CORPORATE SOCIAL RESPONSIBILITY DISCLOSURES
Abstrak
This study aims to examine the effect of environmental performance and company characteristics on corporate social responsibility (CSR) disclosure. The characteristics of the companies in this study are proxied by company size, profitability, leverage, and public ownership. The population of this study is manufacturing companies listed on the Indonesia Stock Exchange for the 2016-2019 period, totaling 182 companies. The sampling technique used is the purposive sampling method. Based on this method, a sample size of 148 was obtained. The data analysis method used was the multiple linear regression method. The results show that environmental performance and leverage have a positive effect on CSR disclosure. While profitability has a negative effect on CSR disclosure. Meanwhile, company size and public share ownership have no effect on CSR disclosure.
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Referensi
Agustiani, N., & Brahmayanti, I. A. S. (2019). Analysis of the Effect of Public Share Ownership, Profitability, Debt Management and Liquidity on Disclosure of Corporate Social Responsibility in the Annual Reports of Companies Joining LQ45 Property and Real Estate Sub-Sector in 2012-2016. Journal of Economics & Business, 4(1), 845–856.
Andriana, D. (2013). The Effect of Leverage and Profitability on Disclosure of Social Responsibility of Mining Companies Listed on the Indonesia Stock Exchange. Journal of Accounting and Finance Research, 1(2), 161–173.
Anggraeni, M. D. (2011). Agency Theory in Islamic Perspective. Journal of Islamic Law, 9(2), 1–13.
Anwar, M. (2019). Fundamentals of Corporate Financial Management. Jakarta: Kencana.
Arthana, R. (2012). The Effect of Company Characteristics on Disclosure of Corporate Social Responsibility (CSR) in Companies Listed on the LQ45 Index of the Indonesian Stock Exchange (IDX). Scientific Journal of FEB Students, Universitas Brawijaya, 1(2), 1–12.
Banghoj, J., & Plenborg, T. (2008). Value Relevance of Voluntary Disclosure in the Annual Report. Accounting and Finance, 48, 159–180.
Bimaswara, Suzan, L., & Mahardika, D. P. K. (2018). The Influence of Firm Size, Liquidity, Financial Risk, and Profitability on Social Responsibility Disclosures. E-Proceedings of Management, 5(2), 2425–2432.
Bisnis.com. (2019). Environmental Management, KLHK Highlights Manufacturing. https://economy.business.com/. Retrieved November 4, 2020.
Indonesia Stock Exchange. (2019). www.idx.co.id. Retrieved 6 November 2020.
Indonesia Stock Exchange. (2015). IPO (Go Public) Guidelines. Indonesia Stock Exchange.
Daud, D. (2018). The Influence of Company Characteristics on Disclosure of Corporate Social Responsibility (CSR) in Annual Reports in Indonesia. 1–13.
Fitria, A., & Wibowo, A. (2015). Model of Implementation and Reporting of Environmental Costs as a Measurement of Environmental Performance in Commercial Companies. Proceedings of the 2015 FE UM Jember National Seminar, 13–24.
Franita, R. (2018). Good Corporate Governance Mechanisms and Corporate Values: A Study for Telecommunication Companies. Medan: AQLI Research and Scientific Writing Institute.
Global Reporting Initiative. (2013). G4 Sustainability Reporting Guidelines. In Global Reporting Initiative. Global Reporting Initiative. www.globalreporting.org
Gray, R., Kouhy, R., & Lavers, S. (1995). Corporate Social and Environmental Reporting. Accounting, Auditing & Accountability Journal, 8(2), 47–77.
Gray, R., Owen, D., & Maunders, K. (1987). Corporate Social Reporting: Accounting and Accountability (2nd ed.). Prentice-Hall International.
Haholongan, R. (2016). Environmental Performance and Economic Performance of Go Public Manufacturing Companies. Journal of Economics and Business, 19(3), 413–423.
Hamdani, S. P., Yuliandari, W. S., & Budiono, E. (2017). Public Share Ownership and Return on Assets on Corporate Social Responsibility Disclosures. Journal of Contemporary Accounting Research (JRAK), 9(1), 47–54.
Harry. (2017). Accounting Research Studies. Jakarta: Gramedia Widiasarana Indonesia.
Hitipeuw, S. D., Kuntari, Y., & Triani. (2020). Effect of Public Share Ownership, Profitability, and Media on Corporate Social Responsibility Disclosure. Management & Accounting Expose, 3(1), 40–51.
Huang, P., & Zhang, Y. (2012). Does Enhanced Disclosure Really Reduce Agency Costs? Evidence from the Diversion of Corporate Resources. The Accounting Review, 87(1), 199–229.
Kasmir. (2016). Introduction to Financial Management (2nd ed.). Jakarta: Prenada Media.
Ministry of Environment and Forestry of the Republic of Indonesia. (2019). Company Performance Rating Program in Environmental Management (PROPER). http://www.proper.menlhk.go.id
Ministry of Environment and Forestry of the Republic of Indonesia. (2018). Company Performance Rating Program in Environmental Management. https://www.menlhk.go.id/site/post/119
Ministry of Environment and Forestry of the Republic of Indonesia. (2019). Company Performance Rating Program in Environmental Management (PROPER) 2019.
Naser, K., Khatib, K. A., & Karbhari, Y. (2002). Empirical Evidence on The Depth of Corporate Information Disclosure in Developing Countries: The Case of Jordan. International Journal of Commerce and Management, 12(3–4), 122–155.
Oktariani, N. W., & Neem, N. P. S. H. (2014). Effect of Corporate Characteristics and Environmental Responsibility on Corporate Social Responsibility Disclosures. Udayana University Accounting E-Journal, 6(3), 402–418.
Financial Services Authority Regulation Number 51/POJK.03/2017 concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies, (2017).
Government Regulation of the Republic of Indonesia Number 47 of 2012 concerning Social and Environmental Responsibility of Limited Liability Companies, (2012).
Permana, V. A., & Raharja. (2012). The Effect of Environmental Performance and Company Characteristics on Corporate Social Responsibility (CSR) Disclosure (Empirical Study on Manufacturing Companies Listed on the IDX). Diponegoro Journal of Accounting, 1(2), 1–12.
Purnasiwi, J., & Sudarno. (2011). Analysis of the Effect of Size, Profitability, and Leverage on CSR Disclosure in Companies Listed on the Indonesia Stock Exchange. 01(01), 5–31.
Putranto, A. D., & Darmawan, A. (2018). The Effect of Firm Size, Profitability, Leverage, and Market Value on Stock Prices. Journal of Business Administration (JAB), 56(1), 110–117.
Putri, T. R., Sari, R. N., & Sari, R. N. (2013). The Influence of Foreign Ownership, Environmental Performance, and Political Influence on the Wide Disclosure of Corporate Social Responsibility in Mining Companies Listed on the Indonesia Stock Exchange. Journal of Socio-Economic Development, 3(9), 268–285.
Rahayu, P., & Anisyukurlillah, I. (2015). The Effect of Public Share Ownership, Profitability and Media on Disclosure of Social Responsibility. Accounting Analysis Journal, 4(3), 1–9.
Ramadhan, A. (2019). The Influence of Company Size, Profitability and Environmental Performance on Corporate Social Responsibility Disclosure. Scientific Journal of Accounting and Finance, 08(01), 1–11.
Rivandi, M. (2020). The Effect of Ownership Structure on Disclosure of Corporate Social Responsibility in High Profile Companies on the IDX. Accountability: Journal of Accounting Science, 13(2), 205–220.
Ruroh, I. N., & Latifah, S. W. (2018). The Effect of Profitability, Leverage, Company Size, and Risk Minimization on Disclosure of Corporate Social Responsibility (CSR). Journal of the Academy of Accountancy, 1(1), 42–53.
Sabatini, K., & Sudana, I. P. (2019). Effect of Corporate Social Responsibility Disclosure on Firm Value with Earnings Management as Moderating Variable. Scientific Journal of Accounting and Business, 14(1), 56–69.
Santoso, S. (2017). Multivariate Statistics with SPSS. Jakarta: PT Elex Media Komputindo.
Saputra, S. E. (2016). The Influence of Leverage, Profitability, and Size on Corporate Social Responsibility Disclosures in Companies on the Indonesia Stock Exchange. Journal of Economic and Economic Education, 5(1), 75–89.
Sirait, A. Y. M., & Bangun, P. (2013). Analysis of Factors Affecting Disclosure of Corporate Social Responsibility (CSR) Empirical Study on Companies Listed on the IDX. Journal of Accounting, 13(2), 881–906. http://ejournal.ukrida.ac.id/ojs/index.php/Account/article/view/1157
Sudarmadji, A. M., & Sularto, L. (2007). The Influence of Company Size, Profitability, Leverage, and Type of Company Ownership on the Voluntary Disclosure Area of Annual Financial Statements. PESAT Proceedings, 2(1), 53–61.
Sugiono, E., & Untung, E. (2016). Basic Practical Guide to Financial Analysis Revised Edition. Jakarta: Gramedia Widiasarana Indonesia.
Sumaryono, A., & Asyik, N. F. (2017). Effect of Size, Profitability, and Leverage on Corporate Social Responsibility Disclosure. Journal of Accounting Science and Research, 6(8), 1–17.
Supriadi, I. (2020). Accounting Research Methods. Yogyakarta: Depublish.
Ubaidilah. (2020). Kabays Journal. Jakarta: Kabays.
Wati, L. N. (2019). Model of Corporate Social Responsibility (CSR). East Java: Myria Publisher.
Wijaya, M. (2012). Factors Affecting Disclosure of Social Responsibility in Manufacturing Companies Listed on the Indonesia Stock Exchange. Scientific Journal of Accounting Students, 1(1), 26–30.
World Business Council for Sustainable Development (WBCSD). (2000). WBCSD's First Report Corporate Social Responsibility. World Business Council for Sustainable Development.
Yadiati, W., & Mubarok, A. (2017). Quality of Financial Reporting: Theoretical and Empirical Studies (First Edition). Jakarta: Prenada Media.
Yanti, N. K. A. G., & Budiasih, I. G. A. N. (2016). The Effect of Profitability, Leverage, and Firm Size on Corporate Social Responsibility Disclosures. Udayana University Accounting E-Journal, 17(3), 1752–1779.
Yusrianti, H., & Himawan, Y. R. (2013). The Effect of Company Characteristics on Disclosure of Corporate Social Responsibility of Mining Companies Listed on the Indonesia Stock Exchange. Sriwijaya Journal of Management and Business, 11(3), 195–210.
Zulkarnaen, Z. (2018). Effect of Debt to Assets Ratio on Return on Assets in Insurance Companies Listed on the IDX in 2010-2015. Journal of Warta Edition: 56, 1(1), 1–11.
Andriana, D. (2013). The Effect of Leverage and Profitability on Disclosure of Social Responsibility of Mining Companies Listed on the Indonesia Stock Exchange. Journal of Accounting and Finance Research, 1(2), 161–173.
Anggraeni, M. D. (2011). Agency Theory in Islamic Perspective. Journal of Islamic Law, 9(2), 1–13.
Anwar, M. (2019). Fundamentals of Corporate Financial Management. Jakarta: Kencana.
Arthana, R. (2012). The Effect of Company Characteristics on Disclosure of Corporate Social Responsibility (CSR) in Companies Listed on the LQ45 Index of the Indonesian Stock Exchange (IDX). Scientific Journal of FEB Students, Universitas Brawijaya, 1(2), 1–12.
Banghoj, J., & Plenborg, T. (2008). Value Relevance of Voluntary Disclosure in the Annual Report. Accounting and Finance, 48, 159–180.
Bimaswara, Suzan, L., & Mahardika, D. P. K. (2018). The Influence of Firm Size, Liquidity, Financial Risk, and Profitability on Social Responsibility Disclosures. E-Proceedings of Management, 5(2), 2425–2432.
Bisnis.com. (2019). Environmental Management, KLHK Highlights Manufacturing. https://economy.business.com/. Retrieved November 4, 2020.
Indonesia Stock Exchange. (2019). www.idx.co.id. Retrieved 6 November 2020.
Indonesia Stock Exchange. (2015). IPO (Go Public) Guidelines. Indonesia Stock Exchange.
Daud, D. (2018). The Influence of Company Characteristics on Disclosure of Corporate Social Responsibility (CSR) in Annual Reports in Indonesia. 1–13.
Fitria, A., & Wibowo, A. (2015). Model of Implementation and Reporting of Environmental Costs as a Measurement of Environmental Performance in Commercial Companies. Proceedings of the 2015 FE UM Jember National Seminar, 13–24.
Franita, R. (2018). Good Corporate Governance Mechanisms and Corporate Values: A Study for Telecommunication Companies. Medan: AQLI Research and Scientific Writing Institute.
Global Reporting Initiative. (2013). G4 Sustainability Reporting Guidelines. In Global Reporting Initiative. Global Reporting Initiative. www.globalreporting.org
Gray, R., Kouhy, R., & Lavers, S. (1995). Corporate Social and Environmental Reporting. Accounting, Auditing & Accountability Journal, 8(2), 47–77.
Gray, R., Owen, D., & Maunders, K. (1987). Corporate Social Reporting: Accounting and Accountability (2nd ed.). Prentice-Hall International.
Haholongan, R. (2016). Environmental Performance and Economic Performance of Go Public Manufacturing Companies. Journal of Economics and Business, 19(3), 413–423.
Hamdani, S. P., Yuliandari, W. S., & Budiono, E. (2017). Public Share Ownership and Return on Assets on Corporate Social Responsibility Disclosures. Journal of Contemporary Accounting Research (JRAK), 9(1), 47–54.
Harry. (2017). Accounting Research Studies. Jakarta: Gramedia Widiasarana Indonesia.
Hitipeuw, S. D., Kuntari, Y., & Triani. (2020). Effect of Public Share Ownership, Profitability, and Media on Corporate Social Responsibility Disclosure. Management & Accounting Expose, 3(1), 40–51.
Huang, P., & Zhang, Y. (2012). Does Enhanced Disclosure Really Reduce Agency Costs? Evidence from the Diversion of Corporate Resources. The Accounting Review, 87(1), 199–229.
Kasmir. (2016). Introduction to Financial Management (2nd ed.). Jakarta: Prenada Media.
Ministry of Environment and Forestry of the Republic of Indonesia. (2019). Company Performance Rating Program in Environmental Management (PROPER). http://www.proper.menlhk.go.id
Ministry of Environment and Forestry of the Republic of Indonesia. (2018). Company Performance Rating Program in Environmental Management. https://www.menlhk.go.id/site/post/119
Ministry of Environment and Forestry of the Republic of Indonesia. (2019). Company Performance Rating Program in Environmental Management (PROPER) 2019.
Naser, K., Khatib, K. A., & Karbhari, Y. (2002). Empirical Evidence on The Depth of Corporate Information Disclosure in Developing Countries: The Case of Jordan. International Journal of Commerce and Management, 12(3–4), 122–155.
Oktariani, N. W., & Neem, N. P. S. H. (2014). Effect of Corporate Characteristics and Environmental Responsibility on Corporate Social Responsibility Disclosures. Udayana University Accounting E-Journal, 6(3), 402–418.
Financial Services Authority Regulation Number 51/POJK.03/2017 concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies, (2017).
Government Regulation of the Republic of Indonesia Number 47 of 2012 concerning Social and Environmental Responsibility of Limited Liability Companies, (2012).
Permana, V. A., & Raharja. (2012). The Effect of Environmental Performance and Company Characteristics on Corporate Social Responsibility (CSR) Disclosure (Empirical Study on Manufacturing Companies Listed on the IDX). Diponegoro Journal of Accounting, 1(2), 1–12.
Purnasiwi, J., & Sudarno. (2011). Analysis of the Effect of Size, Profitability, and Leverage on CSR Disclosure in Companies Listed on the Indonesia Stock Exchange. 01(01), 5–31.
Putranto, A. D., & Darmawan, A. (2018). The Effect of Firm Size, Profitability, Leverage, and Market Value on Stock Prices. Journal of Business Administration (JAB), 56(1), 110–117.
Putri, T. R., Sari, R. N., & Sari, R. N. (2013). The Influence of Foreign Ownership, Environmental Performance, and Political Influence on the Wide Disclosure of Corporate Social Responsibility in Mining Companies Listed on the Indonesia Stock Exchange. Journal of Socio-Economic Development, 3(9), 268–285.
Rahayu, P., & Anisyukurlillah, I. (2015). The Effect of Public Share Ownership, Profitability and Media on Disclosure of Social Responsibility. Accounting Analysis Journal, 4(3), 1–9.
Ramadhan, A. (2019). The Influence of Company Size, Profitability and Environmental Performance on Corporate Social Responsibility Disclosure. Scientific Journal of Accounting and Finance, 08(01), 1–11.
Rivandi, M. (2020). The Effect of Ownership Structure on Disclosure of Corporate Social Responsibility in High Profile Companies on the IDX. Accountability: Journal of Accounting Science, 13(2), 205–220.
Ruroh, I. N., & Latifah, S. W. (2018). The Effect of Profitability, Leverage, Company Size, and Risk Minimization on Disclosure of Corporate Social Responsibility (CSR). Journal of the Academy of Accountancy, 1(1), 42–53.
Sabatini, K., & Sudana, I. P. (2019). Effect of Corporate Social Responsibility Disclosure on Firm Value with Earnings Management as Moderating Variable. Scientific Journal of Accounting and Business, 14(1), 56–69.
Santoso, S. (2017). Multivariate Statistics with SPSS. Jakarta: PT Elex Media Komputindo.
Saputra, S. E. (2016). The Influence of Leverage, Profitability, and Size on Corporate Social Responsibility Disclosures in Companies on the Indonesia Stock Exchange. Journal of Economic and Economic Education, 5(1), 75–89.
Sirait, A. Y. M., & Bangun, P. (2013). Analysis of Factors Affecting Disclosure of Corporate Social Responsibility (CSR) Empirical Study on Companies Listed on the IDX. Journal of Accounting, 13(2), 881–906. http://ejournal.ukrida.ac.id/ojs/index.php/Account/article/view/1157
Sudarmadji, A. M., & Sularto, L. (2007). The Influence of Company Size, Profitability, Leverage, and Type of Company Ownership on the Voluntary Disclosure Area of Annual Financial Statements. PESAT Proceedings, 2(1), 53–61.
Sugiono, E., & Untung, E. (2016). Basic Practical Guide to Financial Analysis Revised Edition. Jakarta: Gramedia Widiasarana Indonesia.
Sumaryono, A., & Asyik, N. F. (2017). Effect of Size, Profitability, and Leverage on Corporate Social Responsibility Disclosure. Journal of Accounting Science and Research, 6(8), 1–17.
Supriadi, I. (2020). Accounting Research Methods. Yogyakarta: Depublish.
Ubaidilah. (2020). Kabays Journal. Jakarta: Kabays.
Wati, L. N. (2019). Model of Corporate Social Responsibility (CSR). East Java: Myria Publisher.
Wijaya, M. (2012). Factors Affecting Disclosure of Social Responsibility in Manufacturing Companies Listed on the Indonesia Stock Exchange. Scientific Journal of Accounting Students, 1(1), 26–30.
World Business Council for Sustainable Development (WBCSD). (2000). WBCSD's First Report Corporate Social Responsibility. World Business Council for Sustainable Development.
Yadiati, W., & Mubarok, A. (2017). Quality of Financial Reporting: Theoretical and Empirical Studies (First Edition). Jakarta: Prenada Media.
Yanti, N. K. A. G., & Budiasih, I. G. A. N. (2016). The Effect of Profitability, Leverage, and Firm Size on Corporate Social Responsibility Disclosures. Udayana University Accounting E-Journal, 17(3), 1752–1779.
Yusrianti, H., & Himawan, Y. R. (2013). The Effect of Company Characteristics on Disclosure of Corporate Social Responsibility of Mining Companies Listed on the Indonesia Stock Exchange. Sriwijaya Journal of Management and Business, 11(3), 195–210.
Zulkarnaen, Z. (2018). Effect of Debt to Assets Ratio on Return on Assets in Insurance Companies Listed on the IDX in 2010-2015. Journal of Warta Edition: 56, 1(1), 1–11.
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2023-02-28
##submission.howToCite##
Aini, A., & Djuitaningsih, T. (2023). THE INFLUENCE OF ENVIRONMENTAL PERFORMANCE AND COMPANY CHARACTERISTICS ON CORPORATE SOCIAL RESPONSIBILITY DISCLOSURES. Journal of Social Political Sciences, 4(1), 49-63. https://doi.org/10.52166/jsps.v4i1.152
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