QUALITY OF SUSTAINABILITY DISCLOSURE AMONG THE ASEAN-5 COUNTRIES AND THE ROLE OF STAKEHOLDERS

Anisa Ramadhini Trianaputri, Chaerul D. Djakman
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引用次数: 4

Abstract

Abstract This study was carried out to reveal the actual quality of sustainability disclosure, actuated by some recent studies that pointed out the lack of disclosure quality amid the growing trend of CSR and the tendency that CSR disclosure was dominantly constructed to manage the corporate image. This study also seeks to investigate the role of stakeholder groups (primary, secondary and regulatory stakeholders), by analyzing the sustainability disclosures of 224 primary sector companies among the five emerging markets in Southeast Asia: Indonesia, Malaysia, Singapore, Thailand, and Philippines in the year of 2016. The extensive disclosure index was also employed to assess each disclosure item under the GRI G4 Guidelines. The results revealed that the quality of sustainability disclosure is still low. In this regard, Thailand turns into the country with the highest score, followed by Malaysia and Indonesia. Labor practice aspect becomes the most expressed aspect by the companies, followed by environmental and social aspect. Based on results obtained, it is therefore argued that employees, auditors, mass media, and regulators have roles in encouraging companies to enhance the quality of sustainability disclosure. However, this study does not find a significant influence from the shareholders and international consumers. The contradictory result was found from creditors, conveying that they possess a negative influence on the quality of sustainability disclosure.
东盟五国可持续发展信息披露的质量及利益相关者的作用
摘要近期一些研究指出,在企业社会责任日益增长的趋势下,企业社会责任披露的质量缺失,企业社会责任披露的构建主要是为了管理企业形象,因此,本研究旨在揭示可持续信息披露的实际质量。本研究还通过分析东南亚五个新兴市场(印度尼西亚、马来西亚、新加坡、泰国和菲律宾)224家主要行业公司2016年的可持续性披露,试图调查利益相关者群体(主要、次要和监管利益相关者)的作用。广泛披露指数也被用于评估GRI G4指南下的每个披露项目。结果表明,可持续发展信息披露的质量仍然较低。在这方面,泰国成为得分最高的国家,其次是马来西亚和印度尼西亚。劳动实践方面成为企业表达最多的方面,其次是环境和社会方面。基于所获得的结果,本文认为员工、审计师、大众媒体和监管机构在鼓励公司提高可持续性披露的质量方面发挥着作用。然而,本研究并未发现来自股东和国际消费者的显著影响。从债权人那里发现了矛盾的结果,表明他们对可持续性披露的质量具有负面影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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