Pengungkapan Islamic Social Reporting pada Perusahaan di Jakarta Islamic Index
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Published:
Jan 28, 2019
Keywords:
Firm age, firm size, ISR disclosure, leverage, panel data
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Abstract
Islamic Social Reporting (ISR) is a benchmark for reporting Islamic-based social performance to companies. However, the development of ISR is currently not growing rapidly in Indonesia because there are no regulations that regulate sharia social responsibility reporting standards. Increased disclosure of Islamic social performance is expected to influence the decisions of muslim investors in choosing sharia shares in companies listed in the Jakarta Islamic Index. This study aims to analyze corporate social responsibility (CSR) disclosures in sharia and the factors that influence them. The data used are annual reports of companies registered in JII from 2012 to 2015, 14 of which were selected from 30 companies. The method used in this study is panel data regression with the fixed effect model (FEM) approach. The results of the analysis show that of the five variables that allegedly influence the level of ISR disclosure, three variables, namely company size have a positive effect, firm age and leverage have a significant negative effect on ISR disclosure. The other two variables, namely the number of board of commissioners and profitability have no effect on ISR disclosure.
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References
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Wulan, M. & Anggraini, A. (2015). Faktor financial-non financial dan tingkat pengungkapan Islamic Social Reporting. Jurnal Akuntansi dan Keuangan Islam, 2(2), 161-184.
Zweibel, J. (1996). Dynamic capital structure under managerial entrenchment. The American Economic Review, 86, 1197-1215.
[AICPA] American Institute of Certified Public Accountants (1994). Improving Business Reporting – A Customer Focus: Meeting the Information Needs of Investors and Creditors. Comprehensive Report of the Special Committee on Financial Reporting. New York (US), American Institute of Certified Public Accountants.
Ambadar, J. (2008). Corporate Social Responsibility: Dalam Praktek di Indonesia, Wujud Kepedulian Dunia Usaha. Jakarta (ID), PT Elex Media Komputindo.
Andrikopoulos, A., Samitas, A., & Bekiaris, M. (2014). Corporate social responsibility reporting in financial institutions: Evidence from Euronext. Research in International Business and Finance, 32, 27–35.
Darus, F., Fauzi, H., Purwanto, Y., Yusoff H, Amran, A., Zain, M.M., Naim, D.M.A., & Nejati, M. (2014). Social responsibility reporting of Islamic banks: Evidence from Indonesia. Int. J. Business Governance and Ethics, 9(4), 356-380.
Diamond, D. (1991). Monitoring and reputation: The choice between bank loans and directly placed debt. Journal of Political Economy, 99(4), 689-721.
El Halaby, S. & Hussainey, K. (2015). The determinants of social accountability disclosure: Evidence from Islamic banks around the world. International Journal of Business, 20(3), 202-223.
Farook, S., Hassan, M.K., & Lanis, R. (2011). Determinants of corporate social responsibility disclosure: The case of Islamic banks. Journal of Islamic Accounting and Business Research, 2(2), 114-141.
Fitria, S. & Hartanti, D. (2010). ‘Islam dan Tanggung Jawab Sosial: Studi Perbandingan dan Pengungkapan Berdasarkan Global Reporting Initiative Indeks dan Islamic Social Reporting Indeks’. Simposium Nasional Akuntansi XIII Purwokerto, 1-33.
Gujarati, D.N. & Porter, D.C. (2009). Basic Econometrics Fifth Edition. Singapura (SG), McGraw-Hill.
Haniffa, R. (2002). Social reporting disclosure an Islamic perspective. Indonesian Management and Accounting Research, 1(2), 128-146.
Hikmah, N., Chairina, & Rahmayanti, D. (2011). ‘Faktor-faktor yang Mempengaruhi Luas Pengungkapan Corporate Governance dalam Laporan Tahunan Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia’. Simposium Nasional Akuntansi XIV.
Jensen, M. & Meckling, W.H. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3(4), 305-360.
Khoirudin, A. (2013). Corporate governance dan pengungkapan Islamic Social Reporting pada perbankan syariah di Indonesia, Accounting Analysis Journal, 2(2).
Lestari, P. (2013). Determinants of Islamic Social Reporting in syariah banks: Case of Indonesia. International Journal of Business and Management Invention, 2, 28-34.
Maali, B., Casson, P., & Napier, C. (2006). Social reporting by Islamic banks. Abacus, 42(2), 266-289.
Mallin, C., Faraga, H., Ow-Yong, K. (2014). Corporate social responsibility and financial performance in Islamic banks. Journal of Economic Behavior & Organization, 103, S21–S38.
Marwata (2001). ‘Hubungan Antara Karakteristik Perusahaan dan Kualitas Ungkapan Sukarela dalam Laporan Tahunan Perusahaan Publik di Indonesia’. Simposium Nasional Akuntansi IV, 155-173.
Merina, C.I. & Verawaty (2016). Analisis komparasi indeks Islamic Social Reporting perusahaan perbankan syariah dan perusahaan go public yang listing di Jakarta Islamic Index. AKUISISI, 12(2), 1-17.
Nachrowi, N.D. & Usman, H. (2006). Pendekatan Populer dan Praktis Ekonometrika untuk Analisis Ekonomi dan Keuangan. Jakarta (ID), Lembaga Penerbit Fakultas Ekonomi Universitas Indonesia.
Naser, K. & Hassan, Y. (2013). Determinants of corporate social responsibility reporting: Evidence from an emerging economy. Journal of Contemporary Issues in Business Research, 2(3).
Nobanee, H. & Ellili, N. (2015). Corporate sustainability disclosure in annual reports: Evidence from UAE banks: Islamic versus conventional. Renewable and Sustainable Energy Reviews, 55, 1336-1341.
Oktavianti, H. & Wahidahwati (2014). Faktor-faktor yang memengaruhi pengungkapan intellectual capital. Jurnal Ilmu dan Riset Akuntansi, 3(5), 1-18.
Omar, B. & Simon, J. (2011). Corporate aggregate disclosure practices in Jordan. Advances in Accounting, 27(1), 166-186.
Othman, R., Thani, A.M. & Ghani, E.K. (2009). Determinants of Islamic Social Reporting among top-shariah approved companies in Bursa Malaysia. Research Journal of International Studies, 12(10), 4-20.
Platonova, E., Asutay, M., Dixon, R., & Mohammad, S. (2018). The impact of corporate social responsibility disclosure on financial performance: Evidence from the GCC Islamic banking sector. J. Bus. Ethics, 151(2), 451–471.
Purnomosidhi, B. (2006). Praktik pengungkapan modal intelektual pada perusahaan publik di BEJ. Jurnal Riset Akuntansi Indonesia., 9(1), 1-19.
Rahman, A.A. & Bukair, A.A. (2013). The influence of the shariah supervision board on corporate social responsibility disclosure by Islamic banks of Gulf Co-Operation Council Countries. Asian Journal of Business and Accounting, 6(2).
Rama, A. & Meliawati. (2014). Analisis determinan pengungkapan Islamic Social Reporting: Studi kasus bank umum syariah di Indonesia. Equilibrium, 2(1).
Saidi, Z. & Abidin, H. (2004). Menjadi Bangsa Pemurah: Wacana dan Praktek Kedermawanan Sosial di Indonesia. Jakarta (ID), Piramedia.
Sudana, I.M. (2011). Manajemen Keuangan Teori dan Praktik. Jakarta (ID), Erlangga.
Sudarsono, H. (2003). Bank dan Lembaga Keuangan Syariah: Deskripsi dan Ilustrasi. Yogyakarta(ID), Ekonisia.
Suhardjanto, D. & Wardhani M. 2010. Praktik intellectual capital disclousure perusahaan yang terdaftar di Bursa Efek Indonesia. JAAI, 14(1).
Ulum, I. (2009). Intellectual Capital: Konsep dan Kajian Empiris Ed ke-1. Yogyakarta (ID), Graha Ilmu.
White, G., Alina, L., & Greg, T. (2007). Drivers of voluntary intellectual capital disclosure in listed biotechnology companies. Journal of Intellectual Capital, 8(3), 517-537.
Widarjono, A. (2007). Ekonometrika: Teori dan Aplikasi untuk Ekonomi dan Bisnis Ed ke-2. Yogyakarta (ID), Ekonisia.
Wulan, M. & Anggraini, A. (2015). Faktor financial-non financial dan tingkat pengungkapan Islamic Social Reporting. Jurnal Akuntansi dan Keuangan Islam, 2(2), 161-184.
Zweibel, J. (1996). Dynamic capital structure under managerial entrenchment. The American Economic Review, 86, 1197-1215.