The effect of media exposure, type of companies, and environmental performance on carbon emission disclosure of Indonesia companies

I Putu Billy Herdiawan; I Gusti Ayu Agung Pradnya Dewi

doi:10.38043/revenue.v1i1.2670

Authors

I Putu Billy Herdiawan BHMS Business and Hotel Management School
I Gusti Ayu Agung Pradnya Dewi Universitas Pendidikan Nasional

DOI:

https://doi.org/10.38043/revenue.v1i1.2670

Keywords:

Carbon emissions, greenhouse gases, voluntary disclosures

Abstract

The Effect of Media Exposure, Type of Companies, and Environmental Performance on Carbon Emission Disclosure (CED) in Indonesian Companies (Empirical Studies on Manufacturing Companies Listed on The Indonesia Stock Exchange for the 2016-2018 Period). This study aimed to obtain empirical evidence regarding the effect of Media Exposure, Type of Companies, and Environmental Performance on the disclosure of carbon emissions in manufacturing companies in Indonesia. Measurement of the extent of carbon disclosure was done using a checklist developed based on the information request sheet provided by the CDP (Carbon Disclosure Project). The populations of this study were all manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2018. The samples of this research were taken from manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2018 using the purposive sampling method. There were 15 companies in 2016, 15 companies in 2017, and 15 companies in 2018 that met the criteria as research samples. The classic assumption test was performed for data analysis, and regression analysis was conducted for hypothesis testing. The results of this study indicate that Media Exposure affects the disclosure of corporate carbon emissions in Indonesia, while the Type of Companies and Environmental Performance had no effect on the disclosure of corporate carbon emissions in Indonesia.

References

Articles

Akhiroh, T., & Kiswanto, K. (2016). The Determinant of Carbon Emission Disclosures. Accounting Analysis Journal, 5(4), 326-336. https://doi.org/10.15294/aaj.v5i4.11182

Anggraeni, Y. D. (2015). Disclosure of greenhouse gas emissions, environmental performance, and company value. Scientific Journal of Accounting and Business, 12(2), 188–209.

Bae Choi, B., Lee, D., & Psaros, J. (2013). An analysis of Australian company carbon emission disclosures. Pacific Accounting Review, 25(1), 58–79. https://doi.org/10.1108/01140581311318968

Berthelot, S., & Robert, A. (2011). Climate change disclosures: An examination of Canadian oil and gas firms. Issues in Social and Environmental Accounting, 5(1). 106–23. http://doi.org/10.22164/isea.v5i2.61

Broadbent, J., & Unerman, J. (2011). Developing the relevance of the accounting academy of research approaches. Meditari Accountancy Research, 19(1/2), 7-21. http://doi.org/10.1108/10222521111178600

Choi, B. B., Lee, D., & Psaros, J. (2013). An analysis of Australian company carbon emission disclosures. Pacific Accounting Review, 25(1), 58–79. http://doi.org/10.1108/01140581311318968

Clarkson, P. M., Li, Y., Richardson, G. D., & Vasvari. F. P. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33(4-5), 303–327. http://doi.org/10.1016/j.aos.2007.05.003

Dawkins, C., & Fraas, J. W. (2011). Coming clean: The impact of environmental performance and visibility on corporate climate change disclosure. Journal of Business Ethics, 100, 303–322. http://doi.org/10.1007/s10551-010-0681-0

Harsanti, P. (2011). Corporate social responsibility and legitimation theory. Mawas, 24(1), 202-215. http://eprints.umk.ac.id/3128/2/mawas_vol.24.pdf

Hermawan, A., Aisyah, I. S., Gunardi, A., & Putri, W. Y. (2018). Going green: Determinants of carbon emission disclosure in manufacturing companies in Indonesia. International Journal of Energy, Economics and Policy, 8(1), 55–61. https://www.econjournals.com/index.php/ijeep/article/view/6009

Jannah, R., & Muid, D. (2014). Analysis of factors affecting carbon emission disclosure on companies in Indonesia (Empirical study on companies listed on the Indonesia stock exchange 2010-2012 period). Diponegoro Journal of Accounting, 3(2), 2337–3806. http://ejournal-s1.undip.ac.id/index.php/accounting

Jannah, R., & Muid, D. (2014a). Analysis of the factors that influence carbon emission disclosure in companies in Indonesia. Diponegoro Journal of Accounting, 3(2), 1–11.

Jones, P., Wynn, M., Hillier, D., & Comfort, D. (2017). The sustainable development goals and information and communication technologies. Indonesian Journal of Sustainability Accounting and Management (IJSAM), 1(1), 1–15. http://doi.org/10.28992/ijsam.v1i1.22

Jung, J., Herbohn, K., & Clarkson, P. (2016). Carbon risk, carbon risk awareness and the cost of debt financing. Journal of Business Ethics, 150, 1151-1171. http://doi.org/10.1007/s10551-016-3207-6.

Luo, L., Tang, Q., & Lan, Y. (2013). Comparison of propensity for carbon disclosure between developing and developed countries: A resource constraint perspective. Accounting Research Journal, 26(1), 6–34. http://doi.org/10.1108/ARJ-04-2012-002

Matsumura, E. M., Prakash, R., & Vera-Munoz, S. (2014). Firm-Value effects of carbon emissions and carbon disclosure. The Accounting Review, 89(2), 695–724. http://doi.org/10.2308/accr-50629

Nur, M., & Priantinah, D. (2012). Analysis of factors affecting corporate social responsibility disclosure in Indonesia (Empire study on high profile category companies listed on the Indonesia stock exchange). Nominal Journal, 1(2), 22-34. https://journal.uny.ac.id/index.php/nominal/article/view/996/799

Pradini, H. S, & Kiswara, E. (2013). The analysis of information content towards greenhouse gas emissions disclosure in Indonesia’s companies. Diponegoro Journal of Accounting, 2(2). 736-747. https://ejournal3.undip.ac.id/index.php/accounting/article/view/3317

Pratiwi, D. N. (2017). The effect of stakeholder on carbon emission disclosure. Accounthink: Journal of Accounting and Finance, 2(6), 67–72. https://journal.unsika.ac.id/index.php/accounthink/article/download/732/920

Rokhlinasari, S. (2015). Theories in disclosure of information on corporate social responsibility in banking. Journal of Administrative and Business Studies, 7, 1–11. https://doi.org.10.20474/jabs-2.6.3

Wang, J., Song, L., & Yao, S. (2013). The determinants of corporate social responsibility disclosure: evidence from China. Journal of Applied Business Research (JABR), 29(6), 1833–1848. http://doi.org/10.19030/jabr.v29i6.8220

Wulan, D. F. (2022). Foreign directors, foreign ownership, and carbon emission disclosure: Evidence from Indonesia environmentally sensitive companies. Review of Management, Accounting, and Business Studies, 3(2), 90-100. https://doi.org/10.38043/revenue.v3i2.4816

Books

Arikunto, S. (2013). Research procedure: A practical approach. Rineka Cipta.

Greenhouse Gas Protocol. (2012). Frequently Asked Question. (Scope 3). World Resources Institute.

Kardono. (2010). Understanding carbon trading. Jakarta: Center for Standardization and Environment, Ministry of Forestry.

Sugiyono. (2010). Educational research methods (quantitative, qualitative and R & D approaches). Alfabeta.

Sugiyono. (2017). Educational research methods (quantitative, qualitative and R & D approaches). Alfabeta.

Blog Posts

The Intergovernmental Panel on Climate Change (IPCC). (2019). Intergovernmental panel on climate change [Blog post]. https://www.ipcc.ch/

Thesis

Windrianningsih, R. (2018). The effect of regulators, media exposure, institutional ownership, profitability, size and industry type on carbon emission disclosure (Study on non-financial companies listed on the Indonesia stock exchange 2014-2016) (Undergraduate Thesis, Muhammadiyah Sidoarjo University). http://eprints.umsida.ac.id/4212/

Webpages

Bsn.go.id. (2009). BSN Adoption Standard Greenhouse Gases (GHG). http://www.bsn.go.id/main/berita/berita_det/980/BSN-PerluAdopsi-Standar-Greenhouse-Gases--GHG-#.XW9BHCgzbIU

Haque, S. & Islam, M. A. (2013). Stakeholder pressures and climate change disclosure: Australian evidence. Accounting & Finance Association of Australia and New Zealand (AFAANZ) Conference 2012, 1–31. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2244831