Pengaruh Tata Kelola, Koneksi Politik, dan Kompensasi Dewan Direksi Terhadap Pengungkapan Tanggung Jawab Sosial

Authors

  • Richo Diana Aviyanti Universitas PGRI Madiun
  • Heidy Paramitha Devi Universitas PGRI Madiun
  • Nik Amah Universitas PGRI Madiun
  • Dwi Nila Andriani Universitas PGRI Madiun
  • Pramesti Wahyu Widiastuti Universitas PGRI Madiun

DOI:

https://doi.org/10.25273/inventory.v6i2.14244

Keywords:

Social Responsibility Disclosure, Board of Directors Compensation, Corporate Governance, and Political Connections.

Abstract

Companies must meet public expectations to maintain the social contract. This study aims to determine the effect of corporate governance, political connections, and board of directors compensation on social responsibility disclosure. This study uses a quantitative approach with a positivist paradigm. The population of this study is all issuers of the manufacturing sector listed on the Indonesia Stock Exchange in 2021. The research sample is 294 companies. Data were analyzed using multiple regression. The results show that corporate governance positively affects social responsibility, while political connections and board of directors compensation have no effect. Investors and creditors are advised to invest in companies with good governance and disclose CSR activities. This study uses a more comprehensive index measurement.

Downloads

Download data is not yet available.

References

Agustina, I. (2016). Pengaruh Corporate Governance terhadap Nilai Perusahaan melalui Enterprise Risk Management (ERM) dan Sustainability Management (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI). Magister thesis, Universitas Brawijaya.

Castillo-Merino, D., & Rodríguez-Pérez, G. (2021). The Effects of Legal Origin and Corporate Governance on Financial Firms’ Sustainability Performance. Sustainability, 13, 1–20.

Deegan, C. (2014). Financial Accounting Theory (4th editio). McGraw-Hill Education Pty Ltd.

Fajriyanti, N., Sukoharsono, E. G., & Adib, N. (2021). Examining the effect of diversification, corporate governance and intellectual capital on sustainability performance. International Journal of Research in Business and Social Science, 10(2), 12–20.

Giannarakis, G., Andronikidis, A., & Sariannidis, N. (2020). Determinants of environmental disclosure: investigating new and conventional corporate governance characteristics. Annals of Operations Research, 294, 87–105.

Habib, A., Muhammadi, A. H., & Jiang, H. (2017). Political Connections and Related Party Transactions: Evidence from Indonesia. The International Journal of Accounting, 52(1), 45–63.

Hu, M., & Loh, L. (2018). Board Governance and Sustainability Disclosure: A Cross-Sectional Study of Singapore-Listed Companies. Sustainability, 10(2578), 1–14.

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.

Ikhsan, A., Nurlaila, Suprasto, H. B., & Batubara, F. (2021). Determinant of The Corporate Social Responsibility Disclosure: Evidence of Indonesian Manufacturing Companies. Jurnal Ilmiah Akuntansi Dan Bisnis, 16(1), 71â€83.

Intakhiya, D. M., Santoso, U. P., & Mutiarin, D. (2021). Strategi Dalam Penanganan Kasus Lumpur Lapindo Pada Masyarakat Terdampak Lumpur Lapindo Porong-Sidoarjo Jawa Timur. Jurnal MODERAT, 7(3), 565–585.

Jo, H., & Harjoto, M. A. (2011). Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility. Journal of Business Ethics, 103, 351–383.

Kim, I. J., Eppler-Kim, J., Kim, W. S., & Byun, S. J. (2010). Foreign investors and corporate governance in Korea. Pacific-Basin Finance Journal, 18(4), 390–402.

Kontan.co.id. (2018). Indo Tambangraya pastikan aktivitas anak usahanya tak terganggu. Kontan.Co.Id. https://industri.kontan.co.id/news/indo-tambangraya-pastikan-aktivitas-anak-usahanya-tak-terganggu

Li, F., Li, T., & Minor, D. (2016). CEO power, corporate social responsibility, and firm value: A test of agency theory. International Journal of Managerial Finance, 12(5), 611–628.

Liana, S. (2019). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan , dan Dewan Komisaris Independen terhadap Pengungkapan Sustainability Report. Jurnal Ekonomi & Ekonomi Syariah, 2(2), 199–208.

Martínez, M. C. P., & Gallego-Ãlvarez, I. (2021). The Role of CEO Power on CSR Reporting: The Moderating Effect of Linking CEO Compensation to Shareholder Return. Sustainability, 13(3197), 1–21.

Muliwati, A. R., & Hariyati. (2021). Pengaruh Koneksi Politik dan Media Exposure Terhadap Pengungkapan Tanggung Jawab Sosial. Jurnal Akuntansi & Ekonomika, 11(2), 72–81.

Muttakin, M. B., & Khan, A. (2014). Determinants of corporate social disclosure: Empirical evidence from Bangladesh. Advances in Accounting, 30(1), 168–175.

Nguyen, A. H., & Nguyen, L. H. (2020). Determinants of Sustainability Disclosure: Empirical Evidence from Vietnam. Journal of Asian Finance, Economics and Business, 7(6), 73–84.

OECD. (2015). Glosarry of Statistical Terms: Corporate Governance. https://ec.europa.eu/eurostat/ramon/coded_files/OECD_glossary_stat_terms.pdf

Ong, T., & Djajadikerta, H. G. (2018). Corporate governance and sustainability reporting in the Australian resources industry: an empirical analysis. Social Responsibility Journal, 16(1), 1–14.

Rachmawati, A., Roekhudin, & Prastiwi, A. (2021). Effect Of Ownership Structures And Ceo Power To Csr Performance Moderated By Profitability. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(2), 519–533.

Rahman, I. M. A., & Ismail, K. N. I. K. (2016). The effects of political connection on corporate social responsibility disclosure – evidence from listed companies in Malaysia. International Journal of Business and Management Invention, 5(2), 16–21.

Rashid, A., Shams, S., Bose, S., & Khan, H. (2020). CEO power and corporate social responsibility (CSR) disclosure: does stakeholder influence matter? Managerial Auditing Journal, 35(9), 1279–1312.

Saraswati, E., Sagitaputri, A., & Rahadian, Y. (2020). Political Connections and CSR Disclosures in Indonesia. Journal of Asian Finance, Economics and Business, 17(11), 1097–1104.

Sekaran, U., & Bougie, R. (2016). Research Methods For Business: A Skill Building Approach (7th Editio). Illinois University at Carbondale (SIUC).

Setiani, M. A., & Sinaga, I. (2021). Penentuan Pengungkapan Sustainability Report dengan GRI Standar pada Sektor Non-Keuangan. Jurnal Gentiaras Manajemen Dan Akuntasi, 13(1), 23–35.

Sulistyawati, A. I., & Qadriatin, A. (2018). Pengungkapan Sustainability Report dan Faktor-Faktor yang Mempengaruhinya. Majalah Ilmiah Solusi, 16(4), 1–22.

Sulistyowati, N., & Prabowo, T. J. W. (2020). Pengaruh Koneksi Politik Terhadap Kinerja Lingkungan dan Profitabilitas. Diponegoro Journal Of Accounting, 9(3), 1–15.

Supatmi, Sutrisno, T., Saraswati, E., & Purnomosidhi, B. (2019). he Effect of Related Party Transactions on Firm Performance: The Moderating Role of Political Connection in Indonesian Banking. Usiness: Theory and Practice, 20, 81–92.

Suprobo, F. P., & Setiadarma, E. (2017). Sustainability Report dan Tata Kelola: Influencers dalam Kinerja Perusahaan Property & Konstruksi. Seminar Nasional Ilmu Terapan (SNITER), 1(1).

Wardah, A. M., & Nugrahaningsih, P. (2020). Analisis Pengaruh Koneksi Politik dan Corporate Governance Terhadap Pengungkapan Corporate Social Responsibility (CSR) Industri Perbankan Indonesia. Jurnal Akuntansi Dan Manajemen Mutiara Madani, 8(2), 134–156.

Yip, E., Staden, C. Van, & Cahan, S. (2011). Corporate Social Responsibility Reporting and Earnings Management: The Role of Political Costs. Australasian Accounting Business and Finance Journal, 5(3), 17–34.

Downloads

Published

2022-10-29

Issue

Vol. 6 No. 2 (2022)

Section

Articles

License

Authors who publish in this journal agree to the following terms:

 

  1. The copyright of any article is held by its author.
  2. The author grants the journal, first publication rights with the work licensed concurrently under a Creative Commons Attribution License which allows others to share the work with an acknowledgment of authorship and the work's initial publication in this journal.
  3. Authors may make additional separate contractual arrangements for the non-exclusive distribution of the published journal version of the work (for example, posting it to an institutional repository or publishing it in a book), with acknowledgment of its initial publication in this journal.
  4. Authors are permitted and encouraged to post their work online (for example, in institutional repositories or on their websites) before and during the submission process, as doing so can lead to a productive exchange, as well as earlier and larger citation of the published work.
  5. Published articles and related materials are distributed under a Creative Commons Attribution-ShareAlike 4.0 International License