Faktor-Faktor Yang Mempengaruhi Environmental Disclosure Pada Perusahaan Industri di Singapore Exchange (SGX)
DOI:
https://doi.org/10.23887/jap.v12i1.29582Abstract
This study aims to examine the effect of industry type, company size, leverage, auditor type, women directors, and managerial ownership on environmental disclosure. Environmental disclosure is measured using content analysis to determine the quantity of disclosure. The population of this study are industrial companies listed in the Singapore Exchange (SGX) during the period of 2017-2018. Purposive sampling is used as a sampling method, there are 61 companies as the research sample and 122 units of analysis to be used in this study. Multiple linear regression analysis was used to test the effect between variables. The data analysis technique used descriptive statistical analysis techniques and inferential statistical analysis techniques. The research showed that company size has a significant positive effect on environmental disclosure. Similar results are found in the leverage and the type of auditor who find a significant positive effect on environmental disclosure. Meanwhile, type of industry, women directors and managerial ownership do not have a significant effect on environmental disclosure. Based on the research results, large companies pay more attention to the public because of their credibility and reputation. Environmental disclosure is one way to maintain company credibility.
References
Agnes, S. (2004). Analisis Kinerja dan Perencanaan Keuangan Perusahaan. Jakarta: PT Gramedia Pustaka Utama.
Akbas, H. E. (2016). The Relationship Between Board Characteristics and Environmental Disclosure: Evidence From Turkish Listed Companies. South East European Journal of Economics and Business, 11(2), 7–19. https://doi.org/10.1515/jeb-2016-0007
Alqatameen, D. A., Abd, M., Alkhalaileh, A., & Dabaghia, M. N. (2020). Ownership Structure , Board Composition and Voluntary Disclosure by Non-financial firms listed In (ASE). International Business Research, 13(7), 93–107. https://doi.org/10.5539/ibr.v13n7p93
Berthelot, S., Cormier, D., & Magnan, M. (2003). Environmental Disclosure Research : Review and Synthesis. Journal of Accounting Literature, 22, 1–44.
Burgwal, D. Van De, & Vieira, R. J. O. (2014). Environmental Disclosure Determinants in Dutch Listed Companies. Revista Contabilidade & Finanças - USP, 25(64), 60–78.
Burlea Schiopoiu, A., & Popa, I. (2013). Legitimacy Theory. In Ensyclopedia of Corporate Social Responsibilty (pp. 1579–1584). https://doi.org/10.1007/978-3-642-28036-8_471
Campbell, D. (2003). Effects in Environmental Disclosures : Evidence for Legitimacy Theory? Business Strategy and the Environment, 12, 357–371.
Chang, K., & Zhang, L. (2015). The Effects of Corporate Ownership Structure on Environmental Information Disclosure — Empirical Evidence from Unbalanced Penal Data in Heavy-pollution Industries in China. WSEAS Transactions on Systems and Control, 10(1996), 405–414.
Diantimala, Y., & Amril, T. A. (2018). The Effect of Ownership Structure, Financial and Environmental Performances on Environmental Disclosure. Accounting Analysis Journal, 7(1), 70–77. https://doi.org/10.15294/aaj.v7i1.20019
Dibia, N. O., & Onwuchekwa, J. C. (2015). Determinants of Environmental Disclosures in Nigeria: A Case Study of Oil and Gas Companies. International Journal of Finance and Accounting, 4(3), 145–152. https://doi.org/10.5923/j.ijfa.20150403.01
Elijido-ten, E. (2004). Determinants of Environmental Disclosures in a Developing Country: an Application of The Stakeholder Theory. Fourth Asia Pacific Interdisciplinary Research in Accounting Conference, 1–28.
Fortunella, A. P., & Hadiprajitno, B. (2015). The Effects of Corporate Governance Structure and Firm Characteristic Towards Environmental Disclosure. Diponegoro Journal of Accounting, 4(2), 1–11.
Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach. Boston: Pitman Publishing.
Freeman, R. E. (2004). The Stakeholder Approach Revisited. Zeitschrift Fur Wirtschafts- Und Unternehmenethik, 5(3), 228–254.
Ghozali, I., & Chariri, A. (2007). Teori Akuntansi. Semarang: Badan Penerbit Universitas Diponegoro Semarang.
Hieu, P. D., Thuy, L. T. T., Ngoc, H. T. B., & Lam, N. T. H. (2019). Mandatory Social and Environmental Disclosure of Listed Companies in Vietnam. Academy of Accounting and Financial Studies Journal, 23(5).
Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm : Managerial Behavior , Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), 305–360.
Junita, N. L., & Yulianto, A. (2018). The Determinants Affecting Environmental Disclosure in the High Profile Companies in Indonesia. Accounting Analysis Journal, 7(3), 114–150. https://doi.org/10.15294/aaj.v7i3.18410
Khalid, T. B., Kouhy, R., & Hassan, A. (2017). The Impact of Corporate Characteristics on Social and Environmental Disclosure (CSED): The Case of Jordan. Journal of Accounting and Auditing: Research & Practice, 2017, 1–29. https://doi.org/10.5171/2017.369352
Loh, L., & Tang, M. (2019). Sustainability Reporting - Progress and Challenges. Centre For Governance, Institutions & Organizations NUS Business School.
Mousa, G. A., & Hassan, N. T. (2015). Legitimacy Theory and Environmental Practices : Short Notes Legitimacy Theory and Environmental Practices : Short Notes. International Journal of Business and Statistical Analysis, 2(1). https://doi.org/10.12785/ijbsa/020104
Nguyen, T. L. H., Nguyen, T. T. H., Nguyen, T. T. H., Le, T. H. A., & Nguyen, V. C. (2020). The Determinants of Environmental Information Disclosure in Vietnam Listed Companies. Journal of Asian Finance, Economics and Business, 7(2), 21–31. https://doi.org/10.13106/jafeb.2020.vol7.no2.21
Nugraha, D. E. B., & Juliarto, A. (2015). Pengaruh Ukuran Perusahaan, Tipe Industri, Profitabilitas, Leverage, dan Kinerja Lingkungan Terhadap Environmental Disclosure (Studid Emipiris Pada Perusahaan yang Terdaftar di BEI dan Menjadi Peserta PROPER Tahun 2011-2013). Diponegoro Journal of Accounting, 4(2014), 1–15.
Ohidoa, T., Omokhudu, O. . O., & Oserogho, I. A. F. (2016). Determinants of Environmental Disclosure. International Journal of Advanced Academic Research, 2(8), 49–58.
Omoye, A. S., & Wilson-Oshilim, U. D. (2018). Antecedents of Environmental Disclosure in Nigeria. Accounting & Taxation Review, 2(2), 101–116.
Oserogho, I. A. F. (2020). Extent Of Environmental Disclosure of Listed Non-Financial Firms in Nigeria: Does Board Characteristics Matter? Ilorin Journal of Human Resource Management, 4(1), 215–226.
Richardson, A. ., & Welker, M. (2001). Social Disclosure, Financial Disclosure and The Cost of Equity Capital. Accounting, Organizations and Society, 26(7), 597–616.
Riyanto, B. (2001). Dasar-Dasar Pembelajaran Perusahaan. Yogyakarta: BPFE.
Sari, G. A. C. N., Yuniarta, G. A., & Wahyuni, M. A. (2018). Pengaruh Mekanisme Good Corporate Governance, Profitabilitas, dan Kinerja Lingkungan Terhadap Environmental Disclosure (Studi pada Perusahaan Sektor Pertambangan dan Sektor Perkebunan yang Terdaftar di BEI dan. Jurnal Ilmiah Akuntansi, 9(3), 145–155.
Solikhah, B., & Winarsih, A. M. (2015). Pengaruh Media, Sensitivitas Industri dan Struktur Corporate Governance Terhadap Kualitas Environmental Disclosure (Studi Pada Perusahaan High Profile di Bursa Efek Indonesia Periode 2011-2013). Accounting Analysis Journal, 4(2), 1–9. https://doi.org/https://doi.org/10.15294/aaj.v4i2.7758
Suratno, Darsono, & Mutmainah. (2006). Pengaruh Environmental Performance Terhadap Environmental Disclosure dan Economic Performance: Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Jakarta Periode 2001-2004. Simposium Nasional IX Padang, 23-26 Agustus.
Tasya, N. D., & Cheisviyanny, C. (2019). Pengaruh Slack Resources dan Gender Dewan Terhadap Kualitas Pengungkapan Tanggung Jawab Sosial Perusahaan (Studi Emipiris Perusahaan yang Menerbitkan Laporan Keberlanjutan dan Terdaftar diBursa Efek Indonesia Tahun 2015-2017). Jurnal Eksplorasi Akuntansi, 1(3), 1033–1050.
Verawaty, Merina, C. I., Jaya, A. K., & Widianingsih, Y. (2020). Determinants of Environmental Disclosure in Indonesia. Advances in Economics, Business and Management Research, 117, 217–226.
Wahyuningrum, I. F. S., & Budihardjo, M. A. (2018). Relationship between Company Financial Performance , Characteristic and Environmental Disclosure of ASX Listed Companies. E3S Web of Conference 73, 24, 3–7. https://doi.org/10.1051/e3sconf/201873100 24
Welbeck, E. E., Owusu, G. M. Y., Bekoe, R. A., & Kusi, J. A. (2017). Determinants of Environmental Disclosures of Listed Firms in Ghana. International Journal of Corporate Social Responsibility, 2(1), 11. https://doi.org/10.1186/s40991-017-0023-y
Wicks, A. C., Gilbert, D. R., & Freeman, R. E. (1994). A Feminist Reinterpretation of The Stakeholder Concept. Business Ethics Quarterly, 4(4), 475–497. https://doi.org/10.2307/3857345
Yanto, H., & Muzzammil, B. S. (2016). A Long Way to Implement Environmental Reporting in Indonesian Mining Companies. International Journal of Applied Business and Economic Research, 14(10), 6493–6513. https://doi.org/10.2139/ssrn.2908974
