Analysis of Factors Affecting the Readability of Sustainability Reports on Companies Listed on the Indonesia Stock Exchange and Bursa Malaysia
DOI:
https://doi.org/10.35310/accruals.v8i02.1401Keywords:
Readability, Sustainability Report, SustainabilityAbstract
This study was conducted to determine the factors that can affect the readability of sustainability reports, especially in coal subsector mining companies listed on the Indonesia stock exchange and the Malaysian stock exchange in 2021-2023 that have published financial statements during the research period. The technique in determining the sample is using the purposive sampling method. Hypothesis testing in this study uses SPSS Version 25. The results of this study show that the variables of green governance quality measured based on board size, independent board, gender diversity, chief sustainability officer and sustainability committee, as well as shareholder pressure variables measured by ownership structure consectration partially have no effect on the readability of sustainable reports. Meanwhile, the sustainable economic performance variable measured by ROSI has a positive effect on the readability of the Sustainable Report. However, simultaneously these variables affect the readability of the continuous report.
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References
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Eng, L. L., & Mak, Y. T. (2003). Corporate governance and voluntary disclosure. Journal of Accounting and Public Policy, 22(4), 325–345. https://doi.org/10.1016/S0278-4254(03)00037-1
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Harymawan, I., Kristanto, F., Putra, G., Devi, T., & Agni, K. (2020). Indonesia: Praktik Laporan Keberlanjutan di Indonesia: Konteks , Kebijakan , dan Keterbacaan. 438–443.
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Lozano, R., Carpenter, A., & Huisingh, D. (2015). A review of ‘theories of the firm’ and their contributions to Corporate Sustainability. Journal of Cleaner Production, 106, 430–442. https://doi.org/10.1016/j.jclepro.2014.05.007
Magister, P., Fakultas, A., Universitas, B., Maret, S., Akuntansi, J., Ekonomi, F., Bisnis, D., & Maret, U. S. (2023). PERUSAHAAN DI WILAYAH ASEAN. 12(02), 81–95.
Milne, M. J., & Gray, R. (2013). W(h)ither Ecology? The Triple Bottom Line, the Global Reporting Initiative, and Corporate Sustainability Reporting. Journal of Business Ethics, 118(1), 13–29. https://doi.org/10.1007/s10551-012-1543-8
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Nilipour, A., De Silva, T.-A., & Li, X. (2020b). The Readability of Sustainability Reporting in New Zealand over time. Australasian Accounting, Business and Finance Journal, 14(3), 86–107. https://doi.org/10.14453/aabfj.v14i3.7
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Pombinho, M., Fialho, A., & Novas, J. (2023). Readability of Sustainability Reports: A Bibliometric Analysis and Systematic Literature Review. Sustainability, 16(1), 260. https://doi.org/10.3390/su16010260
Purnamasari, P., & Umiyati, I. (2019). Asymmetric Cost Behavior and Choice of Strategy. Jurnal Reviu Akuntansi dan Keuangan, 9(1), 24-33.
Purnamasari, P., & Umiyati, I. (2024). Greenwashing and financial performance of firms: the moderating role of internal audit quality and digital technologies. Cogent Business & Management, 11(1). https://doi.org/10.1080/23311975.2024.2404236
Rathnayaka Mudiyanselage, N. C. S. (2018). Board involvement in corporate sustainability reporting: Evidence from Sri Lanka. Corporate Governance: The International Journal of Business in Society, 18(6), 1042–1056. https://doi.org/10.1108/CG-10-2017-0252
Sari, A. P., & Widjatmiko, A. G. (2024). ENVIRONMENTAL DAN SUSTAINABILITY?: 3, 976–984.
Sriningsih, S., & Wahyuningrum, I. F. S. (2022). Pengaruh Comprehensive Stakeholder Pressure dan Good Corporate Governance terhadap Kualitas Sustainability Report. Owner, 6(1), 813–827. https://doi.org/10.33395/owner.v6i1.680
Teknik, J., Informasi, S., Abdulzahra, A. N., Al-shiblawi, G. A. K., Flayyih, H. H., Elaigwu, M., Abdulmalik, S. O., Talab, H. R., & Audu, J. (2023). Tata Kelola Perusahaan Terhadap Kualitas Kinerja Keberlanjutan: Kasus Perusahaan Tercatat di Malaysia. 8(4).
Umiyati, I. (2017). Financial Reporting Quality, Information Asymmetry and Investment Efficiency. Jurnal Akuntansi dan Bisnis, 17(1), 39-53.
Universitas, B. (2024). Dampak Tekanan Stakeholder Terhadap Pengungkapan Laporan Keberlanjutan Jalur Pengiriman: Komisi Dunia untuk Lingkungan dan Pembangunan ( WCED ) mengidentifikasi dimensi ekonomi , lingkungan hidup , dan sosial sebagai tiga pilar utama pelaporan berkelanju. 01(01), 108–122.
Yao, R., Fei, Y., Wang, Z., & Yao, X. (2023). Dampak ETS Tiongkok terhadap Tata Kelola Perusahaan yang Ramah Lingkungan Berdasarkan Perspektif Kinerja ESG Perusahaan. 1–17.
Yuliandhari, W. S., Asalam, A. G., & Sinatrya, M. V. (2022). Pengaruh Tekanan Pemegang Saham dan Umur Perusahaan terhadap Kualitas Sustainability Report. Owner, 7(1), 488–497. https://doi.org/10.33395/owner.v7i1.1207
Yuliandhari, W. S., & Citta, N. (2023). Pengaruh Good Corporate Governance, Tekanan Pemegang Saham, dan Umur Perusahaan terhadap Kualitas Sustainability Report. Al-Kharaj?: Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(3), 3234–3248. https://doi.org/10.47467/alkharaj.v6i3.5082
Amran, A., Lee, S. P., & Devi, S. S. (2014). The Influence of Governance Structure and Strategic Corporate Social Responsibility Toward Sustainability Reporting Quality. Business Strategy and the Environment, 23(4), 217–235. https://doi.org/10.1002/bse.1767
Arayssi, M., Jizi, M., & Tabaja, H. H. (2020a). The impact of board composition on the level of ESG disclosures in GCC countries. Sustainability Accounting, Management and Policy Journal, 11(1), 137–161. https://doi.org/10.1108/SAMPJ-05-2018-0136
Arayssi, M., Jizi, M., & Tabaja, H. H. (2020b). The impact of board composition on the level of ESG disclosures in GCC countries. Sustainability Accounting, Management and Policy Journal, 11(1), 137–161. https://doi.org/10.1108/SAMPJ-05-2018-0136
Astuti, R., & Sugiharto, B. (2019). Pengaruh Locus of Control, Ethical Sensitivity, Kecerdasan Intelektual, Kecerdasan Emosional, Kecerdasan Spiritual dan Tingkat Pendidikan Terhadap Perilaku Etis. Jurnal ASET (Akuntansi Riset), 11(2), 256-270.
Atty, A. M. A., Moustafasoliman, M., & Youssef, A. E. (2018). The Effect of Board of Directors Characteristics on Firm’s Financial Performance: An Empirical Study on the Most Active Firms in the Egyptian Stock Exchange. OALib, 05(11), 1–19. https://doi.org/10.4236/oalib.1104993
Chairina, C., & Tjahjadi, B. (2023). Kualitas Laporan Tata Kelola Hijau dan Keberlanjutan: Peran Moderat Komitmen Keberlanjutan di Negara- negara ASEAN. 2018.
Darmawan, M. D., & Idawati, W. (2024). Pengaruh Stakeholder Pressure dan Shareholding Structure Terhadap Sustainability Report Quality. Jurnal Manajemen, 20(2), 22–42. https://doi.org/10.25170/jm.v20i2.4990
Eccles, R. G., Ioannou, I., & Serafeim, G. (2014). The Impact of Corporate Sustainability on Organizational Processes and Performance. Management Science, 60(11), 2835–2857. https://doi.org/10.1287/mnsc.2014.1984
Eng, L. L., & Mak, Y. T. (2003). Corporate governance and voluntary disclosure. Journal of Accounting and Public Policy, 22(4), 325–345. https://doi.org/10.1016/S0278-4254(03)00037-1
Erin, O., Adegboye, A., & Bamigboye, O. A. (2022). Corporate governance and sustainability reporting quality: Evidence from Nigeria. Sustainability Accounting, Management and Policy Journal, 13(3), 680–707. https://doi.org/10.1108/SAMPJ-06-2020-0185
Fajarini, I., Wahyuningrum, S., Ihlashul, M., Rizkyana, F. W., Ekonomi, F., & Semarang, U. N. (2023). Jurnal Presipitasi. 2, 494–506.
Fernandez-Feijoo, B., Romero, S., & Ruiz, S. (2014). Effect of Stakeholders’ Pressure on Transparency of Sustainability Reports within the GRI Framework. Journal of Business Ethics, 122(1), 53–63. https://doi.org/10.1007/s10551-013-1748-5
Frias?Aceituno, J. V., Rodriguez?Ariza, L., & Garcia?Sanchez, I. M. (2013). The Role of the Board in the Dissemination of Integrated Corporate Social Reporting. Corporate Social Responsibility and Environmental Management, 20(4), 219–233. https://doi.org/10.1002/csr.1294
Harymawan, I., Kristanto, F., Putra, G., Devi, T., & Agni, K. (2020). Indonesia: Praktik Laporan Keberlanjutan di Indonesia: Konteks , Kebijakan , dan Keterbacaan. 438–443.
Husted, B. W., & Sousa-Filho, J. M. D. (2019). Board structure and environmental, social, and governance disclosure in Latin America. Journal of Business Research, 102, 220–227. https://doi.org/10.1016/j.jbusres.2018.01.017
Keberlanjutan, L., Berkelanjutan, Y., Pembangunan, T., Bukti, S., Gutiérrez-ponce, H., & Wibowo, A. (2023). Laporan Keberlanjutan dan Pengungkapan Yang Berkelanjutan Tujuan Pembangunan (SDGs): Bukti dari Indonesia Perusahaan yang terdaftar.
Leitoniene, S., & Sapkauskiene, A. (2015). Quality of Corporate Social Responsibility Information. Procedia - Social and Behavioral Sciences, 213, 334–339. https://doi.org/10.1016/j.sbspro.2015.11.547
Lozano, R., Carpenter, A., & Huisingh, D. (2015). A review of ‘theories of the firm’ and their contributions to Corporate Sustainability. Journal of Cleaner Production, 106, 430–442. https://doi.org/10.1016/j.jclepro.2014.05.007
Magister, P., Fakultas, A., Universitas, B., Maret, S., Akuntansi, J., Ekonomi, F., Bisnis, D., & Maret, U. S. (2023). PERUSAHAAN DI WILAYAH ASEAN. 12(02), 81–95.
Milne, M. J., & Gray, R. (2013). W(h)ither Ecology? The Triple Bottom Line, the Global Reporting Initiative, and Corporate Sustainability Reporting. Journal of Business Ethics, 118(1), 13–29. https://doi.org/10.1007/s10551-012-1543-8
Nilipour, A., De Silva, T. A., & Li, X. (2020a). The readability of sustainability reporting in new zealand over time. Australasian Accounting, Business and Finance Journal, 14(3), 86–107. https://doi.org/10.14453/aabfj.v14i3.7
Nilipour, A., De Silva, T.-A., & Li, X. (2020b). The Readability of Sustainability Reporting in New Zealand over time. Australasian Accounting, Business and Finance Journal, 14(3), 86–107. https://doi.org/10.14453/aabfj.v14i3.7
Octora, V. C., & Amin, M. N. (2023). Pengaruh Tekanan Stakeholder Dan Board Governance Terhadap Kualitas Laporan Keberlanjutan. Owner, 7(3), 2021–2030. https://doi.org/10.33395/owner.v7i3.1443
Orazalin, N., & Baydauletov, M. (2020). Corporate social responsibility strategy and corporate environmental and social performance: The moderating role of board gender diversity. Corporate Social Responsibility and Environmental Management, 27(4), 1664–1676. https://doi.org/10.1002/csr.1915
Pombinho, M., Fialho, A., & Novas, J. (2023). Readability of Sustainability Reports: A Bibliometric Analysis and Systematic Literature Review. Sustainability, 16(1), 260. https://doi.org/10.3390/su16010260
Purnamasari, P., & Umiyati, I. (2019). Asymmetric Cost Behavior and Choice of Strategy. Jurnal Reviu Akuntansi dan Keuangan, 9(1), 24-33.
Purnamasari, P., & Umiyati, I. (2024). Greenwashing and financial performance of firms: the moderating role of internal audit quality and digital technologies. Cogent Business & Management, 11(1). https://doi.org/10.1080/23311975.2024.2404236
Rathnayaka Mudiyanselage, N. C. S. (2018). Board involvement in corporate sustainability reporting: Evidence from Sri Lanka. Corporate Governance: The International Journal of Business in Society, 18(6), 1042–1056. https://doi.org/10.1108/CG-10-2017-0252
Sari, A. P., & Widjatmiko, A. G. (2024). ENVIRONMENTAL DAN SUSTAINABILITY?: 3, 976–984.
Sriningsih, S., & Wahyuningrum, I. F. S. (2022). Pengaruh Comprehensive Stakeholder Pressure dan Good Corporate Governance terhadap Kualitas Sustainability Report. Owner, 6(1), 813–827. https://doi.org/10.33395/owner.v6i1.680
Teknik, J., Informasi, S., Abdulzahra, A. N., Al-shiblawi, G. A. K., Flayyih, H. H., Elaigwu, M., Abdulmalik, S. O., Talab, H. R., & Audu, J. (2023). Tata Kelola Perusahaan Terhadap Kualitas Kinerja Keberlanjutan: Kasus Perusahaan Tercatat di Malaysia. 8(4).
Umiyati, I. (2017). Financial Reporting Quality, Information Asymmetry and Investment Efficiency. Jurnal Akuntansi dan Bisnis, 17(1), 39-53.
Universitas, B. (2024). Dampak Tekanan Stakeholder Terhadap Pengungkapan Laporan Keberlanjutan Jalur Pengiriman: Komisi Dunia untuk Lingkungan dan Pembangunan ( WCED ) mengidentifikasi dimensi ekonomi , lingkungan hidup , dan sosial sebagai tiga pilar utama pelaporan berkelanju. 01(01), 108–122.
Yao, R., Fei, Y., Wang, Z., & Yao, X. (2023). Dampak ETS Tiongkok terhadap Tata Kelola Perusahaan yang Ramah Lingkungan Berdasarkan Perspektif Kinerja ESG Perusahaan. 1–17.
Yuliandhari, W. S., Asalam, A. G., & Sinatrya, M. V. (2022). Pengaruh Tekanan Pemegang Saham dan Umur Perusahaan terhadap Kualitas Sustainability Report. Owner, 7(1), 488–497. https://doi.org/10.33395/owner.v7i1.1207
Yuliandhari, W. S., & Citta, N. (2023). Pengaruh Good Corporate Governance, Tekanan Pemegang Saham, dan Umur Perusahaan terhadap Kualitas Sustainability Report. Al-Kharaj?: Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(3), 3234–3248. https://doi.org/10.47467/alkharaj.v6i3.5082
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Published
2025-01-30
How to Cite
Mulyati, S., & Fitri Patonah, S. E. (2025). Analysis of Factors Affecting the Readability of Sustainability Reports on Companies Listed on the Indonesia Stock Exchange and Bursa Malaysia. ACCRUALS (Accounting Research Journal of Sutaatmadja), 8(02). https://doi.org/10.35310/accruals.v8i02.1401
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