Corporate Characteristics and Water Disclosure in Indonesian Water-Sensitive Industry

Aditya Pandu Wicaksono (), Doddy Setiawan, Y. Anni Aryani and Sri Hartoko
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Aditya Pandu Wicaksono: Universitas Islam Indonesia
Doddy Setiawan: Universitas Sebelas Maret
Y. Anni Aryani: Universitas Sebelas Maret
Sri Hartoko: Universitas Sebelas Maret

A chapter in Proceedings of the International Colloquium on Business and Economics (ICBE 2022), 2022, pp 13-20 from Springer

Abstract: Abstract Due to Indonesia’s negative impacts on water quantity and quality, the water-sensitive industry receives greater attention and pressure from its stakeholders to disclose water-related information. As previous studies indicate that firm characteristics are the drivers of corporate social responsibility disclosure, this study investigates the effect of corporate characteristics on water disclosure in the Indonesian water-sensitive industry. Firm characteristics are employed to represent the stakeholders. The samples are all water-sensitive industry listed on Indonesia Stock Exchange (IDX) in 2018–2019. Data are collected from annual reports and sustainability reports, which are published on corporate and IDX websites. All the developed hypotheses are examined using random effect model. This research finds that firm size positively and significantly influences water disclosure. It means that bigger firm receives higher pressure from stakeholders to create water disclosure. On the other hand, profitability does not substantially influence water disclosure practices. Similarly, higher leverage does not stimulate Indonesian water-sensitive companies to disclose water stewardship information.

Keywords: Water disclosure; Water-sensitive industry; Listed companies; Indonesia (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-066-4_3

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DOI: 10.2991/978-94-6463-066-4_3

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