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Corporate Social Responsibility Regulation in the Indonesian Mining Companies KCI 등재 SCOPUS
The condition of mining companies that exploit natural resources in their business processes underline this research to emphasize on social and environmental issues. After twelve years of government regulation on CSR practices, this study investigates the factors that influence mining companies in disclosing information about corporate social responsibility based on legitimacy, stakeholders, and agency theory. Thus, independent variables are foreign ownership, company size, leverage, and the board of commissioners. The dependent variable is the corporate social reporting disclosure that is measured using GRI indexing. For sampling, we have used thirty-four Indonesian mining companies listed in IDX during the 2014-2018. out of which only fifty-two companies meet the sample criteria. All data should pass the classical assumption test to get the best estimator. Multiple linear regression is used to test the hypothesis, and the results show that the model is good, and can explain 60% of the dependent variable. Based on F-test, all four variables affect CSR practices simultaneously. The findings of this study suggest that foreign ownership and firm size influences CSR disclosure in a positive direction. However, this study did not support the hypothesis that leverage negatively affects CSR disclosure and board size measures positively affect CSR disclosure.
1. Introduction
2. Literature Review
2.1. Legitimacy Theory
2.2. Stakeholder Theory
2.3. Agency Theory
2.4. Foreign Ownership and CSR Disclosure
2.5. Company Size and CSR Disclosure
2.6. Leverage and CSR Disclosure
2.7. Board of Commissioners and CSR Disclosure
3. Research Method
3.1. Independent Variables
3.2. Dependent Variable
4. Research Results
4.1. Prerequisites of Classical Assumptions
4.2. Hypothesis Testing
5. Discussion
5.1. Foreign Ownership and CSR Disclosure
5.2. Company Size and CSR Disclosure
5.3. Leverage and CSR Disclosure
5.4. Board of Commissioners and CSR Disclosure
6. Conclusion and Recommendation
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