Pengaruh Comprehensive Stakeholder Pressure dan Good Corporate Governance terhadap Kualitas Sustainability Report

Abstract

ABSTRACT
 This study aims to analyze the effect of comprehensive stakeholder pressure and good corporate governance (GCG) on sustainability report quality. The population in this study are companies listed on the Indonesia Stock Exchange (IDX) in 2017-2019 period. The technique used is purposive sampling, in order to obtain a sample of 138 units of analysis. The data was collected using documentation method. The data was analyzed using descriptive statistical analysis and multiple linear regression analysis with SPSS. The results showed that industries close to consumers, environmentally sensitive industries, and media exposure had a significant positive effect on sustainability report quality. The audit by KAP Big 4 and the effectiveness of the Board of Commissioners have a significant negative effect on sustainability report quality. Meanwhile, investor-oriented industry, employee-oriented industry, creditor pressure, government pressure, and the Audit Committee have no influence on sustainability report quality. Based on the research results, government is expected to be able to clarify regulations regarding the disclosure of the sustainability report and encourage the disclosure of GRI sectoral content in the sustainability report. Further research is expected to use the scoring method to measure the quality of the sustainability report and other proxies to measure the effect of stakeholder pressure on the quality of the sustainability report.
 Keywords : Sustainability Report Quality; Stakeholder Pressure; Board of Commissioner; Audit Committee.

Stakeholder pressure and environmental performance of manufacturing companies on the Indonesian stock exchange

“…Consumers positively appreciate the company's concern for the environment; in the end, consumers have high trust in the company (Yulianthi et al, 2018). Consumers spend their money to obtain affordable goods/services and pay high attention to environmentally friendly product materials (Sriningsih & Wahyuningrum, 2022). Consumer pressure as stakeholders to maintain good products and the company's image (Hamudiana & Achmad, 2017).…”

“…The stakeholder theory framework positions shareholders as stakeholders with rights to various forms of information, both financially and non-financially. Companies with a high number of shareholders with a high level of share ownership are considered shareholder-oriented industries (Sriningsih & Wahyuningrum, 2022). Shareholders tend to make decisions that maximize the company's economic, social and environmental activities (Hamudiana & Achmad, 2017).…”

“…The consumer pressure variable in this study was measured by industry classification where consumer-oriented industries in the manufacturing sector, namely the consumer goods industry, retail goods, printing, advertising, media, health care, textiles and garments, footwear, and energy were given a value of 1, while other industries which are given a value of 0 (Alfaiz & Aryati, 2019;Rudyanto & Siregar, 2018;Sriningsih & Wahyuningrum, 2022). d. Shareholder pressure (X4) Shareholder pressure is measured by the percentage of share ownership by the public (Rudyanto & Siregar, 2018).…”

Faktor-Faktor yang Mempengaruhi Corporate Social Responsibility Disclosure (CSRD) di Indonesia: Meta Analisis

“…Ukuran dewan komisaris yang besar dapat meningkatkan pengawasan kinerja perusahaan, meningkatkan permintaan aktivitas CSR, dan meningkatkan tuntutan transparansi melalui pengungkapan CSR, serta dapat mengurangi asimetri informasi dengan mengungkapkan informasi yang dibutuhkan oleh pemangku kepentingan. Hasil penelitian ini sesuai dengan hasil penelitian oleh Sriningsih & Wahyuningrum (2022) dan Sihombing et al (2020) yang menyatakan bahwa ukuran dewan komisaris berpengaruh terhadap CSRD.…”

Tekanan Stakeholder dan Ukuran Perusahaan pada Sustainability Report

“…Selain itu karyawan juga menganggap bahwa mengungkapkan laporan keberlanjutan membutuhkan biaya yang tidaklah sedikit. Karyawan melihat pengungkapan Sustainability Report oleh perusahaan akan meningkatkan beban perusahaan dan dapat berakibat pada pengurangan gaji (Sriningsih & Wahyuningrum, 2022).…”