The Influence of Social Pressure, Market Pressure, Shareholder Pressure and The Reputation of Public Accounting Firms on Carbon Emission Disclosure
DOI:
https://doi.org/10.33096/jmb.v10i1.482Keywords:
Carbon Emission, Carbon Emission Disclosure, Social Pressure, Leverage, Profitability, Market Capitalization, Ownership Concentration, ReputationAbstract
This study aims to examine and obtain empirical evidence regarding the effect of social pressure, market pressure, shareholder pressure, and public accounting firm’s reputation on carbon emission disclosure in non-financial companies in Indonesia. In this study, carbon emission disclosure was used as the dependent variable, while the independent variables of this study are social pressure, leverage and profitability which represent market pressure, market capitalization and ownership concentration as proxies for shareholder pressure, and then public accounting firm’s reputation.This research was conducted quantitative methods. The population in this study are non- financial companies listed on the Indonesia Stock Exchange in 2017-2019. The sample of this study was selected using purposive sampling method to obtain 39 non-financial companies that published sustainability reports and were listed consecutively on the Indonesia Stock Exchange from 2017 to 2019. Multiple regression analysis is the statistical method used to test the hypothesis in this study.The results of this study showed that social pressure have a significant effect on carbon emission disclosure. Meanwhile, market pressure with leverage and profitability proxies, then shareholder pressure represented by market capitalization and ownership concentration, and the reputation of public accounting firms doesn’t have significant effect on carbon emission disclosure.
Downloads
References
Al-tuwaijri, S. A., Christensen, T. E, and Hughes, K. E. 2004. The Relations Among Environmental Disclosure, Environmental Performance, and Economic Performance: a Simutaneous Equations Approach. Accounting, Organizations and Society, 29(5–6), 447– 471.
Berthelot, S. and Robert, A.-M. 2011. Climate Change Disclosures: An Examination of Canadian Oil and Gas Firms. Issues in Social and Environmental Accounting, 5(1/2), 106–123.
Bewley, K. and Li, Y. 2000. Disclosure of Environmental Information by Canadian Manufacturing Companies: A Voluntary Disclosure Perspective. Advances in Environmental Accounting & Management, 1(1), 201–226.
Brammer, S. and Pavelin, S. 2006. Voluntary Environmental Disclosures by Large UK Companies. Journal of Business Finance & Accounting, 33(7–8), 1168–1188.
Budiharta, P. and Kacaribu, H. E. P. B. 2020. The Influence of Board of Directors, Managerial Ownership, and Audit Committee on Carbon Emission Disclosure: A Study of Non- Financial Companies Listed on BEI. Review of Integrative Business and Economics Research, 9(3), 75–87.
Chithambo, L. and Tauringana, V. 2014. Company Specific Determinants of Greenhouse Gases Disclosures. Journal of Applied Accounting Research, 15(3), 323–338.
Choi, B. B., Lee, D. and Psaros, J. 2013. An Analysis of Australian Company Carbon Emission Disclosures. Pacific Accounting Review, 25(1), 58–79.
Choi, J. S. 1999. An Investigation of the Initial Voluntary Environmental Disclosures Made in Korean Semi-Annual Financial Reports. Pacific Accounting Review, 11(1), 72–101.
Clarkson, P. M., Li, Y., Richardson, G. D., and Vasvari, F. P. 2008. Revisiting the Relation between Environmental Performance and Environmental Disclosure : An Empirical Analysis. Accounting, Organizations and Society, 33(4), 303–327.
Cooke, T. E. 1989. Voluntary Corporate Disclosure by Swedish Companies. Journal of International Financial Management & Accounting, 1(2), 171–195.
Cormier, D. and Magnan, M. 2003. Environmental Reporting Management : a Continental European Perspective. Journal of Accounting and Public Policy, 22(1), 43–62.
Cormier, D., Magnan, M., and Van Velthoven, B. 2005. Environmental Disclosure Quality in Large German Companies: Economic Incentives, Public Pressures or Institutional Conditions? European Accounting Review, 14(1), 3–39.
Cullen, L. and Christopher, T. 2002. Governance Disclosure and Firm Characteristics of Listed Australian Mining Companies. International Journal of Business Studies, 10(1), 37–58.
Dam, L. and Scholtens, B. 2013. Ownership Concentration and CSR Policy of European Multinational Enterprises. Journal of Business Ethics, 118(1), 117–126.
Direktorat Jenderal Pengendalian Perubahan Iklim. 2017. Laporan Inventarisasi Gas Rumah Kaca dan MRV Nasional. Jakarta.
Domench, P. A. 2003. Social and Environmental Information Reporting of Big Size Spanish Firms in the Period 1994-1998. Spanish Journal of Finance and Accounting, 32(117), 571–601.
Eleftheriadis, I. M. and Anagnostopoulou, E. G. 2014. Relationship between Corporate Climate Change Disclosures and Firm Factors. Business Strategy and the Environment, 24(8), 780– 789.
Elkington, J. 1998. Accounting for The Triple Bottom Line. Measuring Business Excellence, 2(3), 18–22.
Freedman, M. and Jaggi, B. 2005. Global Warming, Commitment to the Kyoto Protocol, and Accounting Disclosures by the Largest Global Public Firms from Polluting Industries. The International Journal of Accounting, 40(3), 215–232.
Freeman, R. E. 1984. Strategic Management : A Stakeholder Approach. Boston: Pitman Publishing.
Ghomi, Z. B. and Leung, P. 2013. An Empirical Analysis of the Determinants of Greenhouse Gas Voluntary Disclosure in Australia. Accounting and Finance Research, 2(1), 110–127.
Gonzalez, J. M. and Ramírez, C. Z. 2016. Voluntary Carbon Disclosure by Spanish Companies: An Empirical Analysis. International Journal of Climate Change Strategies and Management, 8(1), 57–79.
Guthrie, J. and Parker, L. D. 1989. Corporate Social Reporting: A Rebuttal of Legitimacy Theory. Accounting and Business Research, 19(76), 343–352.
Hapsoro, D. and Ambarwati, A. 2018. Antecedents and Consequences of Carbon Emissions Disclosure: Case Study of Oil, Gas and Coal Companies in Non-Annex 1 Member Countries. Journal of Indonesian Economy and Business, 33(2), 99–111.
Indraswari, I. G. A. L. and Mimba, N. P. S. H. 2017. Pengaruh Profitabilitas, Pertumbuhan Perusahaan, Kapitalisasi Pasar, dan Kepemilikan Saham Publik pada Tingkat Pengungkapan CSR. E-Jurnal Akuntansi Universitas Udayana, 20(2), 1219–1248.
Irwhantoko, I. and Basuki, B. 2016. Carbon Emission Disclosure: Studi pada Perusahaan Manufaktur Indonesia. Jurnal Akuntansi Dan Keuangan, 18(2), 92–104.
Kardono. 2010. Memahami Perdagangan Karbon. Pusat Standardisasi dan Lingkungan, Kementerian Kehutanan.
Kılıç, M. and Kuzey, C. 2019. The Effect of Corporate Governance on Carbon Emission Disclosures: Evidence from Turkey. International Journal of Climate Change Strategies and Management, 11(1), 35–53.
Lang, M. H. and Lundholm, R. J. 2000. Voluntary Disclosure and Equity Offerings: Reducing Information Asymmetry or Hyping the Stock? Contemporary Accounting Research, 17(4), 623–662.
Lee, S. Y., Park, Y. S. and Klassen, R. D. 2013. Market Responses to Firms Voluntary Climate Change Information Disclosure and Carbon Communication. Corporate Social Responsibility and Environmental Management, 22(1), 1–12.
Luo, L., Lan, Y. and Tang, Q. 2012. Corporate Incentives to Disclose Carbon Information: Evidence from the CDP Global 500 Report. Journal of International Financial Management & Accounting, 23(2), 93–120.
Luo, L., Tang, Q. and Lan, Y.-C. 2013. Comparison of Propensity for Carbon Disclosure between Developing and Developed Countries: A Resource Contraint Perspective. Accounting Research Journal, 26(1), 6–34.
Magness, V. 2006. Strategic Posture, Financial Performance and Environmental Disclosure: An Empirical Test of Legitimacy Theory. Accounting, Auditing & Accountability Journal, 19(4), 540–563.
Mobus, J. L. 2005. Mandatory Environmental Disclosures in a Legitimacy Theory Context. Accounting, Auditing & Accountability Journal, 18(4), 492–517.
Peng, J., Sun, J. and Luo, R. 2014. Corporate Voluntary Carbon Information Disclosure: Evidence from China’s Listed Companies. The World Economy, 38(1), 91–109.
Prasetya, R. A. and Yulianto, A. 2018. Analysis of Factors Affecting the Disclosure of Corporate Carbon Emission In Indonesia. Jurnal Dinamika Akuntansi, 10(1), 71–81.
Pratiwi, P. C. and Sari, V. F. 2016. Pengaruh Tipe Industri, Media Exposure dan Profitabilitas terhadap Carbon Emission Disclosure. Jurnal Wahana Riset Akuntansi, 4(2), 829–844.
Ratnadi, N. M. D. and Ulupui, I. G. K. A. 2016. Pengaruh Konsentrasi Kepemilikan dan Kompetensi Dewan Komisaris pada Konservatisma Akuntansi. Jurnal Akuntansi, 20(1), 1– 15.
Rifqiawan, R. A. 2015. Pengaruh Profitabilitas dan Kapitalisasi Pasar terhadap Nilai Emiten Jakarta Islamic Index. Economica: Jurnal Ekonomi Islam, 6(2), 21–36.
Roberts, R. W. 1992. Determinants of Corporate Social Responsibility Disclosure: An Application of Stakeholder Theory. Accounting, Organizations and Society, 17(6), 595–612.
Stanny, E. and Ely, K. 2008. Corporate Environmental Disclosures about the Effects of Climate Change. Corporate Social Responsibility and Environmental Management, 15(6), 338– 348.
Suchman, M. C. 1995. Managing Legitimacy: Strategic and Institutional Approaches. The Academyof Management Review, 20(3), 571–610.
Titman, S., & Trueman, B. 1986. Information Quality and The Valuation of New Issues. Journal of Accounting and Economics, 8(2), 159–172.
Wardhani, R. K. and Kawedar, W. 2019. Faktor-faktor yang Mempengaruhi Pengungkapan Emisi Karbon dan Reaksi Saham pada Perusahaan Manufaktur di Indonesia. Diponegoro Journal of Accounting, 8(2), 1–11.
Zorio, A., García-Benau, M. A. and Sierra, L. 2013. Sustainability Development and the Quality of Assurance Reports: Empirical Evidence. Business Strategy and the Environment, 22(7), 484–500. https://doi.org/10.1002/bse.1764
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Jurnal Manajemen Bisnis

This work is licensed under a Creative Commons Attribution 4.0 International License.