Corporate governance and social disclosure: A comparative study of listed hospitality industries in south east Asia

Abstract

This research aims to examine the social disclosure in South East Asia hospitality companies, and the relationship between corporate governance and its social disclosure. Corporate governance are identified from board of commissioner size, proportion of independent commissioner, managerial ownership, and institutional ownership. Company’s social disclosure are measured using the GRI 3.1. This research uses secondary data from hospitality companies listed in Indonesia Stock Exchange (IDX), Bursa Malaysia, and The Stock Exchange of Thailand (SET) in 2012–2014. The sample are 38 hospitality companies that generated using purposive sampling method. This research employs ANOVA and multiple regression analysis. The result of ANOVA shows that there are differences among social disclosure in South East Asia. The multiple regression analysis result shows that the size of board of commissioner, managerial ownership, and institutional ownership have positive impact on social disclosure. Proportion of independent commissioner has no significant effect on social disclosure.