The Biodiversity Disclosure Determinants in Indonesian Chemical Companies

Luvita Dyaningsih () and Puji Harto
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Luvita Dyaningsih: Diponegoro University, Department of Accounting
Puji Harto: Diponegoro University, Department of Accounting

A chapter in Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24), 2024, pp 777-791 from Springer

Abstract: Abstract Biodiversity is a central point in the Sustainable Development Goals (SDGs) to balance ecological and economical interests. There is a growing need for biodiversity disclosure as part of environmental-related information, but companies provide a lack of biodiversity information. This study examines the relationship between family ownership, institutional ownership, profitability, and leverage as the determinants of the biodiversity disclosure index. The sample consists of chemical companies listed on the Indonesian Stock Exchange (IDX) during 2018 - 2022 and comes up with 85 firm-year observations. The analysis was conducted using GLS panel data regression. The study documents a negative relationship between family ownership and biodiversity disclosure, suggesting the resistance of family-based companies when uncovering the condition of biodiversity surrounding their business. Financial incentives through profitability and leverage cannot provide the expected significant result. The insignificant role of institutional ownership also indicates that proper enforcement and monitoring of biodiversity disclosure need to be enhanced.

Keywords: Sustainable Development Goals; Biodiversity Disclosure; Family Ownership (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-522-5_59

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DOI: 10.2991/978-94-6463-522-5_59

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