Effect of Financial Performance, Ownership Structure and Good Corporate Governance to Disclosure Triple Bottom Line on Registered Mining Sector in Indonesia Stock Exchange
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 12
Abstract
This study aims to determine and analyze the effect of Financial Performance, Ownership Structure, and Good Corporate Governance to the opportunity of disclosure of Triple Bottom Line on Mining Sector Listed in Indonesian Stock Exchange. Triple Bottom Line disclosure is defined as a result of a company report that links the overall performance of the company from both the economic, social and environmental aspects. This study uses seven variables that influence the opportunity of disclosure of Triple Bottom Line by each company. Three variables that are indicators of Financial Performance are leverage, profitability, liquidity, two variables which are indicators of ownership structure of the company that is management ownership, and public ownership, while two other variables that indicate Good Corporate Governance indicators are board commissioner and audit committee. The sample of this study is a mining company listed on the Indonesia Stock Exchange during the period 2013-2015. There are 41 listed mining companies but only 39 companies meet the criteria of companies that have complete data in the form of annual reports for sampled research. This research uses quantitative method and analysis method used is logistic regression analysis. The results of this study indicate that simultaneously all the variables in this study significantly influence the disclosure of Triple Bottom Line. Partially only variable of board of commissioner, managerial ownership and Profitability which have significant influence to chance of disclosure of Triple Bottom Line which can be seen from Wald test value with significance level <0.1. Based on the test Negelkerke R2 obtained results of 23.0%. The result states that the variability of each independent variable tested in this study to the dependent variable is 23.0%.
Authors and Affiliations
Emelia Rahmadhany Putri Gami, Khaira Amalia Facruddin
Keywords
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- EP ID EP423568
- DOI 10.9790/487X-2012036571.
- Views 70
- Downloads 0
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