Family firms were widely recognized to have substantial contribution to economy especially in emerging economies. However, some previous studies reveal that family firms tend to be conservative and unwilling to take more risks. We extended the literature by investigating whether there was a difference in risktaking behavior between family and non-family firms in the context of Indonesia. Moreover, the presence of women in the top management also considered negatively correlated with risk-taking strategy. Therefore, this study empirically examined the effects of family ownership and women in top management on risk-taking strategy of firms. Using data of 336 publicly traded firms in Indonesia over 2012-2016, this study confirmed the negative effect of family ownership and women in top management on corporate risk-taking. Family ownership and involvement as the CEO of the firms negatively associated with the level of risk taking. Moreover, our results reveal that the presence of women was matter more to decrease corporate risk-taking when they served in the board of directors rather than in the board of commissioners.
This research is aimed to analyze the disclosure level of Social Reporting in companies listed in Jakarta Islamic Index (JII) using ISR index. This research is descriptive research, that is research which try to describe and interpret result of ISR index score based on six criteria: Funding and Investment, Products and Services, Employee, Society, Environment and Corporate Governance. The population of this study are all companies listed in JII period 2014-2016. The sampling method used in this research is purposive sampling method. The result of research shows that the most disclosure on the six ISR index criteria conducted by 21 companies listing in JII is environmental criteria. This proves that there is an awareness of the environmental social responsibility of companies listing in JII. Overall, the average disclosure of the ISR index on 21 JII firms has not been good, only 47.80%. This indicates that there are still many ISR index items that have not been fully disclosed. The results also show a tendency to increase the ISR index. This condition proves the increase of corporate awareness of the obligation of social responsibility according to sharia. This condition proves the increase of corporate awareness of the obligation of social responsibility according to sharia.
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