The Influence of Good Corporate Governance and Profitability on Sustainability Report Disclosure with Firm Size as A Moderating Variable (A Study Case on Banking Sector in Indonesia 2018-2023)
DOI:
https://doi.org/10.38035/jafm.v6i3.2087Keywords:
Sustainability Report, Independent Board, Audit Committee, Profitability, Firm SizeAbstract
This research aims to investigates the effect of the Independent Board of Commissioners, Audit Committee, and profitability on sustainability report disclosure in Indonesian banks, and whether firm size moderates these relationships. Using a quantitative approach with secondary data from 10 banks over the period 2018–2023, a total of 60 observations were analyzed using purposive sampling. Findings indicate that the Independent Board of Commissioners and profitability significantly and positively influence sustainability report disclosure, while the Audit Committee has no significant effect. Additionally, firm size moderates the effect of both the Independent Board of Commissioners and the Audit Committee, but not profitability, on disclosure. These results highlight the importance of governance and firm characteristics in enhancing sustainability transparency in the banking sector.
References
Al-Hajaya, K., Almahameed, E. A., Sawan, N., Saleh, M., & Altarawneh, Ahmed Eltweri, R. S. (2025). Audit Committees and the Quality of Standalone Sustainability Reporting, Considering the Moderating Role of External Assurance: Evidence From the Global Chemical Industry. Business Strategic Environment, 12(04).
Alfaiz, D. R., & Aryati, T. (2019). Pengaruh Tekanan Stakeholder Dan Kinerja Keuangan Terhadap Kualitas Sustainability Report Dengan Komite Audit Sebagai Variabel Moderasi. Jurnal Akuntansi Dan Keuangan Methodist, 2(2), 112–130.
Azzaki, M. R. (2019). Corporate Social Responsibility Dalam Memoderasi Pengaruh Karakteristik Perusahaan Dan Corporate Governance Terhadap Sustainability Report. Jurnal Ilmiah Akuntansi Dan Humanika, 9(2), 114–124.
Biduri, S., Nur Fadhila, S., Rahma Dewi, S., & Maryanti, E. (2023). Can Company Size Moderate Good Corporate Governance on Disclosure of Sustainability Reports? Journal of Accounting Science, 7(1), 60–70. https://doi.org/10.21070/jas.v7i1.1698
Christian, W., & Dyah Ayu, S. (2023). Pengaruh Dewan Komisaris Independensi, Komite Audit Serta Profitabilitas Yang Disertai Leverage Dalam Mengungkapan Laporan Sustainability. JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 10(3), 2267–2278. https://doi.org/10.35794/jmbi.v10i3.52561
Gallego Álvarez, I., Martínez, P., & Consuelo, M. (2020). Corporate social responsibility reporting and corporate governance mechanisms: An international outlook from emerging countries. Business Strategy and Development, 3(1), 77–97. https://doi.org/10.1002/bsd2.80
Ghozali, I. (2021). Aplikasi Analisis Multivariative dengan Program IBM SPSS 19 (Cetakan X). Badan Penerbit Universitas Diponegoro.
Hadad, M. D., & Maftucha, I. (2015). Sustainable Financing. PT Gramedia.
Hamad, S., Draz, M. U., & Lai, F.-W. (2020). The Impact of Corporate Governance and Sustainability Reporting on Integrated Reporting: A Conceptual Framework. Sage Journals, 10(2). https://journals.sagepub.com/doi/epub/10.1177/2158244020927431
Hendrati, I. M., Soyunov, B., Prameswari, R. D., Suyanto, R. D., Rusdiyanto, R. D., & Nuswantara, D. A. (2023). The role of moderation activities the influence of the audit committee and the board of directors on the planning of the sustainability report. Cogent Business and Management, 10(1). https://doi.org/10.1080/23311975.2022.2156140
Iqbal Ramadhan, M., Nasir, A., & Indrawati, N. (2023). Pengaruh Profitabilitas, Likuiditas dan Corporate Governance Terhadap Pengungkapan Sustainability Report dengan Ukuran Perusahaan sebagai Variabel Moderating. Bahtera Inovasi, 7(1), 41–51. https://doi.org/10.31629/bi.v7i1.5177
KPMG. (2022). The KPMG Survey of Sustainability Reporting 2022. https://home.kpmg/xx/en/home/insights/2022/11/the-kpmg-survey-of-sustainability-reporting-2022.html
Lamsihar, D., Darlis, E., & Afriana, R. (2025). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan Independen Terhadap Pengungkapan Sustainibility Report (Studi Empiris pada Perusahaan BUMN yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2022). Journal of Chemical Information and Modeling, 5(2), 1653–1667.
Madona, M. A., & Khafid, M. (2020). Pengaruh Good Corporate Governance terhadap Pengungkapan Sustainability Report dengan Ukuran Perusahaan sebagai Pemoderasi. Jurnal Optimasi Sistem Industri, 19(1), 22–32. https://doi.org/10.25077/josi.v19.n1.p22-32.2020
Manurung, D., Husnatarina, F., & Kusuma, wedi rusmawan. (2019). The Effect of Corporate Social Responsibility Disclosure on Corporate Financial Performance. International Journal of Business, Economics and Management, 6(5), 264–288. https://doi.org/10.18488/journal.62.2019.65.264.288
Martens, W., & Bui, C. N. M. (2023). An Exploration of Legitimacy Theory in Accounting Literature. OALib, 10(01), 1–20. https://doi.org/10.4236/oalib.1109713
Muallifin, O. R., & Priyadi, M. P. (2016). Dampak Pengungkapan Sustainability Report Terhadap. Jurnal Ilmu Dan Riset Akuntansi, 5(11), 1–20.
Nuraeni, N., & Darsono. (2020). Pengaruh Kinerja Perusahaan, Komisaris Independen, dan Kepemilikan Manajerial Terhadap Pengungkapan Sustainability Reporting (Studi Empiris pada Perusahaan yang Mengeluarkan Sustainability Reporting dan Terdaftar pada Bursa Efek Indonesia Periode 2014 - 2. Diponegoro Journal of Accounting, 9(2), 1–13. https://ejournal3.undip.ac.id/index.php/accounting/article/view/27552
Ogunode, O. A. (2022). Legitimacy Theory and Environmental Accounting Reporting and Practice: A Review. South Asian Journal of Social Studies and Economics, January, 17–28. https://doi.org/10.9734/sajsse/2022/v13i130345
Permata Dewi, I., Safitri, A., & Tri Lestari, S. (2023). The Effect of Financial Performance and Corporate Governance on Extensive of Disclosure Sustainability Reporting. International Journal of Social Science, Education, Communication and Economics (SINOMICS JOURNAL), 1(6), 837–854. https://doi.org/10.54443/sj.v1i6.96
Purnama, D. P., & Handayani, B. D. (2021). The Effect of Financial Performance and Corporate Governance on Sustainability Report Disclosure with Company Size as a Moderation. Accounting and Finance Studies, 1(2), 138–162. https://doi.org/10.47153/afs12.1362021
Saputra, I., & Halim, M. (2021). Pengaruh Kepemilikan Manajerial Dan Komite Audit Terhadap Opini Going Concern. Jurnal of Applied Business and Banking (JABB), 2(2021), 215–228. http://journal.ummat.ac.id/index.php/JABB/article/view/5541/3402
Suryana, Mulyawan, R. F., Ikram, S., Wedi, R., Kusumah, R., Edison, A., Christina, V., Susiani, R., Silviana, Laksono, R., Larasati, I., Agustina, Subing, H. J. T., Dianita, R. M., Novatiani, A., Hadian, N., Apriadi, A., Sari, D., Mulyati, Y., … Ishak, J. F. (2019). Peningkatan Pemahaman Tata Kelola Perpajakan Koperasi Bagi Pengurus Koperasi Se-Jawa Barat. Jurnal Akuntansi Bisnis Dan Ekonomi (JABE), 5(1), 1319–1328.
Tambunan, L. (2021). Peran Komite Audit Dalam Good Corporate Governance. Jurnal Riset Akuntansi Dan Bisnis, 21(1), 119–128. https://doi.org/10.30596/jrab.v21i1.6618
Valentinov, V., & Roth, S. (2024). Stakeholder theory: Exploring systems-theoretic and process-philosophic connections. Systems Research and Behavioral Science, 41(2), 301–315. https://doi.org/10.1002/sres.2970
Velte, P. (2023). Sustainable institutional investors, corporate sustainability performance, and corporate tax avoidance: Empirical evidence for the European capital market. Corporate Social Responsibility and Environmental Management, 30(5), 2406–2418. https://doi.org/10.1002/csr.2492
Wulanda, R. D. P. (2017). Pengaruh Karakteristik Perusahaan Dan Corporate Governance Terhadap Publikasi Sustainability Report. JOM Fekon, 14(1), 55–64.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Yunis Listiani, Achmad Fadjar
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Journal of Accounting and Finance Management (JAFM) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Journal of Accounting and Finance Management (JAFM).
