Isomorphism of integrated reporting’s sustainability embeddedness: evidence from Indonesian listed companies

Pertiwi, Imanda Firmantyas Putri; Kusuma, Hadri; Hadi, Kumala; Arifin, Johan; Yoga, Ika; Auliya, Zakky Fahma

doi:10.1080/23311975.2022.2099605

Cited by 4 publications

(2 citation statements)

References 80 publications

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“…Sustainability reports are a form of a company's seriousness in running a business [56]. According to [57,58], sustainability reports are a company's communication media for managing the environment, social, and economy as well as the impact of operating activities on stakeholders.…”

Section: Sustainability Reportmentioning

confidence: 99%

Sustained or Not: Does Intellectual Capital Strengthen CEOs and Independent Commissioners on the Sustainability of Their Companies?

Kasma,

Aryanty

2024

KSS

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This research aims to investigate the relationship between CEO characteristics in the form of educational background and independent commissioners on sustainability reports with intellectual capital as a moderating variable. The population selected in this study were non-financial companies included in the LQ45 index for the 2018-2022 period, and 12 samples were selected based on the purposive sampling method. For the hypothetical analysis in this research, panel data regression analysis and moderate regression analysis (MRA) with Eviews 12 were used. This research shows that the characteristics of the CEO and independent commissioners have a simultaneous and partial effect on sustainability reports. However, CEO characteristics that are moderated by intellectual capital have a negative influence on the sustainability report. In contrast, independent commissioners positively influence the sustainability report after being moderated by intellectual capital. This research contributes to the application of stakeholder theory, resource-based theory, and agency theory. The novelty of this study is the empirical finding that CEO characteristics and independent commissioners can encourage the sustainability report. However, the moderated effects of intellectual capital differ for both CEO characteristics and independent commissioners on sustainability reports. This research also has several implications for shareholders and stakeholders; one of them is for investors that companies with CEOs with economic and business educational backgrounds and a high proportion of independent commissioners have a sustainable business strategy that can serve as an indicator for long-term investment. Keywords: characteristic CEO, independent commissioner, intellectual capital, sustainability report

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Section: Sustainability Reportmentioning

confidence: 99%

Sustained or Not: Does Intellectual Capital Strengthen CEOs and Independent Commissioners on the Sustainability of Their Companies?

Kasma,

Aryanty

2024

KSS

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“…Several previous studies have examined the influence of industry groups on SR quality [12,58,59]. Environmentally sensitive companies or industries have better quality sustainability disclosures [57] as shown by several empirical tests [12,[60][61][62]. According to De Villiers and Alexander [34] when a company prepares an SR, the company feels unsure about the results achieved, so through mimetic isomorphism the company imitates other companies that are considered superior according to industry associations, thus affecting the quality of the SR.…”

Section: The Influence Of Industry Association Membership (X5) On Sr ...mentioning

confidence: 99%

Determinants of Sustainability Report Quality in Indonesian Public Companies: An Isomorphism Theory Approach

Nugrahani,

Kusuma,

Arifin

et al. 2023

IJSDP

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Sustainability Reporting (SR) is a report containing economic, social, and environmental information, mandatory for public companies in Indonesia since the issuance of POJK regulation Number 51/POJK.03/2017. However, not all companies prepare SRs, and many do not focus on the determinants of SR quality, resulting in substandard reports. This study examines the determinants of SR quality using the institutional isomorphism theory approach. The research hypothesis posits that SR quality is influenced by CSR disclosures (economic, social, and environmental), creditor pressure, pressure from industry groups, government pressure, and the diffusion of shareholding structures (both high-and low-based) influences SR quality. The research sample consists of 305 public companies in Indonesia listed on the IDX during 2017-2020. Data were analyzed using content analysis and Multivariate Regression. The study results indicate that almost all hypotheses were confirmed to impact SR quality, except for government pressure, which is not supported due to the relatively small government share ownership, rendering it ineffective. The study also finds that the diffusion of shareholding structures, both high and low, can influence SR quality. On average, the quality of SR among public companies in Indonesia is 64.5% in the medium category, suggesting that companies are disclosing SR information in accordance with the POJK provisions and considering the principles of relevance and reliability, thereby making SR useful for decision-making.

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Influence of country governance factors and national culture on corporate sustainability practice: an inter-Country study

Ogundajo

Akintoye

Abiola³

et al. 2022

Cogent Business & Management

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Isomorphism of integrated reporting’s sustainability embeddedness: evidence from Indonesian listed companies

Cited by 4 publications

References 80 publications

Sustained or Not: Does Intellectual Capital Strengthen CEOs and Independent Commissioners on the Sustainability of Their Companies?

Sustained or Not: Does Intellectual Capital Strengthen CEOs and Independent Commissioners on the Sustainability of Their Companies?

Determinants of Sustainability Report Quality in Indonesian Public Companies: An Isomorphism Theory Approach

Influence of country governance factors and national culture on corporate sustainability practice: an inter-Country study

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