The Factors Affecting Online Voluntary Disclosure in Indonesian F&B Companies

Abstract

The purpose of this research is to analyze the effect of public stock ownership portion, firm size, leverage, and profitability toward voluntary disclosure published online. The data are selected using purposive sampling method and there are 13 food and beverage companies listed in Indonesia Stock Exchange that meet the criteria. The data are time series from 2014-2018. The data are processed using multiple regressions as the analysis method. The empirical results of this research show that firm size has a positive and significant impact on voluntary disclosure. Other independent variables which are the public stock ownership portion, leverage, and profitability do not affect voluntary disclosure. Firm size also became the most dominant factor in influencing the voluntary disclosure. This research can be useful for investors to make investment decisions based on how many disclosures the companies publish.