Determinants of Carbon Emissions Disclosure in Basic And Chemical Industry Companies: A moderating role of Board of Commissioners Size
Abstract
Disclosure of carbon emissions in the financial statements of basic industrial and chemical companies is a form of company participation in reducing environmental impacts, especially air pollution. However, not all companies in the industry have fully disclosed their carbon emissions. Only about 17% have disclosed their carbon emissions. This study aims to obtain empirical evidence on whether leverage, firm size, profitability, and institutional ownership affect the disclosure of carbon emissions. Also, to obtain evidence of whether the size of the board of commissioners moderates the relationship between these variables to the disclosure of carbon emissions. The sample for this study were companies in the basic and chemical industry listed on the Indonesia Stock Exchange in 2015-2020, 13 companies were selected purposively. The results showed that leverage and firm size had a positive and significant effect, while profitability had a positive but insignificant effect on the disclosure of carbon emissions. However, institutional ownership negatively and significantly affects the disclosure of carbon emissions. The size of the board of commissioners moderates the influence of leverage on the disclosure of carbon emissions in a negative and significant direction. As for the effect of profitability on the disclosure of carbon emissions, the size of the board of commissioners moderates insignificantly.
Keywords
Full Text:
PDFReferences
Akhiroh, T., & Kiswanto. 2016. The Determinant of Carbon Emission Disclosures. Accounting Analysis Journal, 5(4).
Aljana, B. T., & Purwanto, A. 2017. Pengaruh Profitabilitas, Struktur Kepemilikan Dan Kualitas Audit Terhadapmanajemen Laba. Diponegoro Journal of Accounting, 6(3).
Basyaib. F. 2007. Keuangan Perusahaan Pemodelan Menggunakan Microsoft Excel. Jakarta: Kencana Prenada Media Group.
Choi, B. B., Lee, D., & Prasos, J. 2013. “An Analysis of Australian Company Carbon Emission Disclosures”. Pacific Accounting Review, 25 (1), 58-79.
Deantri, S. O., Pinasti, M., & Herwiyanti, E. 2019. Faktor-Faktor Yang Mempengaruhi Pengungkapan Emisi Gas Rumah Kaca Dari Perspektif Akuntansi Hijau. Jurnal Ekonomi Syariah, 7(1), 88 -111.
Donnelly, R., & Mulcahy, M. 2008. Board structure, Ownership, and Voluntary Disclosure in Ireland. Corporate Governance: An International Review, 16(5).
Fitriana, R. 2019. Pengaruh Kepemilikan Institusional, Profitabilitas dan Ukuran Perusahaan Terhadap Pengungkapan Corporate Social Responsibility. Jurnal Ilmu Keuangan dan Perbankan, 8(2).
Ghozali, I., & Chariri, A. 2014. Teori Akuntansi (4th ed.). Semarang: Badan Penerbit Universitas Diponegoro
Godfrey, J., Hodgson, A., Tarca, A., Hamilton, J., & Holmes, S. 2010. Accounting Theory. New York: John Wiley and Sons, Inc.
Hapsoro, D., & Ambarawati. (2018). Antecedents and Consequences of Carbon Emission Disclosure: Case Study of OIL, Gas and Companies in Non-Annex 1 Member Countries. Journal of Indonesian Economy and Business, 33(2).
Herman, L. A., & Saleh, S. 2017. Model Hubungan Karakteristik Perusahaan dan Pengungkapan Informasi Lingkungan Perusahaan. Jurnal Pundi, 1(3).
Hery. 2017. Kajian Riset Akuntansi. Jakarta: PT. Grasindo.
Irwhantoko. 2016. Carbon Emission Disclosure: Studi Pada Perusahaan Manufaktur Indonesia. Tesis. Universitas Airlangga.
Jaggi, B., Allini, A., Macccioni, R., & Zagaria, C. 2017. The Factors Motivating Voluntary Disclosure of Carbon Information: Evidence Based on Italian Listed Companies. Organization and Environment, 31(2), 178-202.
Jensen, M., & Meckling, W. 1976. Theory of The Firm: Managerial Behavior, Agency Cost and Ownership Structure. Journal of Financial Economics, 305-360.
Johl, S. K., Kaur Johl, S., Subramaniam, N., & Cooper, B. 2013. Internal audit function, board quality and financial reporting quality: Evidence from Malaysia. Managerial Auditing Journal, 28(9).
Kasmir. (2010). Pengantar Manajemen Keuangan. Jakarta: Kencana Prenada Media Group
Kirana, R. C. 2009. Studi Perbandingan Pengaturan Tentang Corporate Social Responsibility di Beberapa Negara dalam Upaya Perwujudan Prinsip Good Corporate Governance. Tesis. Universitas Sebelas Maret.
Luo, L., Tang, Q., & Lan, Y. 2013. Comparison of propensity for carbon disclosure between developing and developed countries. Accounting Research Journal, 6(1), 6-34.
Mandaika, Y. & Salim. 2015. Pengaruh Ukuran Perusahaan, Kinerja Keuangan, Tipe Industri, dan Finansial Leverage terhadap Pengungkapan Corporate Sosial Responsibility. Jurnal Akuntansi, 8(2).
Novianti, F., Purnamawati, G. A., & Kurniawan, P. S. 2020. Determinasi Pengungkapan Emisi Karbon Pada Perusahaan Pertambangan dan Pertanian di Indonesia. Jurnal Ilmiah Mahasiswa Akuntansi, 11(1).
Prado-Lorenzo, J., Rodriguez-Dominguez, L., Gallego-Alvarez, I., & Garcia-Sanchez, I. 2009. Factors Influencing the Disclosure of Greenhouse Gas Emissions in Companies World-Wide. Journal of Management Decisions, 47(7).
Rindawati, W. M., & Asyik, F. N. 2015. Kepemilikan publik terhadap pengungkapan Corporate Social Responsibility (CSR). Jurnal Ilmu dan riset Akuntansi, 4(6).
Rohmawati, E., & Sutapa. 2020. Pengaruh Good Corporate Governance (GCG) Terhadap Nilai Perusahaan (PBV) Dengan Corporate Social Responcibily (CSR) Sebagai Variabel Intervening. Prosiding Konferensi Ilmiah Mahasiswa Unissula (KIMU) 3. ISSN. 2720-9687.
Rudyanto, A., & Siregar, S. V. 2018. The Effect of Stakeholder Pressure and Corporate Governance on the Quality of Sustainability Report. International Journal of Ethics and Systems. doi:10.1108/IJOES-05-2017-0071
Silitonga, M.K. 2020. Pengaruh Good Corporate Governace terhadap kinerja keuangan perusahaan. Skripsi. Universitas Sanata Dharma.
Simangungsong, M., T. 2018. Analisis Pengaruh Karaktristik Perusahaan Terhadap Pengungkapan Corporate Social Responsibility (CSR) Dengan Ukuran Dewan Komisaris Sebagai Variabel Moderating. Tesis. Universitas Sumatera Utara.
Sari, W.N & Rani, P. 2015. Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, Return on Assets (ROA) Dan Ukuran Perusahaan Terhadap Pengungkapan Corporate Social Responsibility (CSR) Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2011-2013. Jurnal Akuntansi dan Keuangan, 4(1).
Sri Wahyuningrum, I. F., Putri, N., & Hidaya, R. 2020. Pengaruh Kinerja Keuangan dan Karakteristik Perusahaan terhadap Pengungkapan Lingkungan di Perusahaan yang terdaftar di Singapore Exchange. Jurnal Ilmu Lingkungan, 8(2).
Stuebs, M., & Sun, L. 2015. Corporate governance and social responsibility. International Journal of Law and Management, 57(1).
Tyas, V. A., & Khafid, M. 2019. The Effect of Company Characteristics on Sustainability Report Disclosure with Corporate Governance as Moderating Variable. Accounting Analysis Journal, 8(3).
Utomo, M. N. 2019. Ramah Lingkungan dan Nilai Perusahaan. Surabaya: CV Jakad Publishing.
Zulhaimi, H., & Nurapriyanti, N. R. 2019. Pengaruh Profitabilitas, Ukuran Dewan Komisaris, dan Ukuran Perusahaan Terhadap Corporate Social Responsibility Disclosure. Jurnal Riset Akuntansi Dan Keuangan, 7(3).
DOI: https://doi.org/10.24198/jaab.v6i2.48054
Refbacks
- There are currently no refbacks.
Copyright (c) 2023 Journal of Accounting Auditing and Business
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Journal of Accounting Auditing and Business (JAAB) Indexed in:
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.