Military experience and sustainable development goal disclosure
Iman Harymawan,
Mohammad Nasih,
Fajar Kristanto Gautama Putra,
Grantley Taylor and
Azlan Amran
Research in International Business and Finance, 2025, vol. 78, issue C
Abstract:
This study examines the association between the extent of Sustainable Development Goal (SDG) reporting and the military experience of the top management of non-financial firms listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. We find a significant and positive association between the military experience of managers and the level of corporate SDG disclosure. These results are validated through various robustness tests that include: Propensity Score Matching, Coarsened Exact Matching, Heckman’s two-stage regression analysis, and the Generalized Least Squares method. Underpinned by both upper echelon theory and imprinting theory tenets, this research enhances our understanding of how specific leadership characteristics, such as military experience, influence firms’ propensity to engage in sustainability practices and reporting.
Keywords: Military experience; Leadership; SDG disclosure; Sustainability practices; Corporate sustainability (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:78:y:2025:i:c:s0275531925002788
DOI: 10.1016/j.ribaf.2025.103022
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