FACTORS AFFECTING CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE: A PANEL DATA STUDY OF INDONESIAN LISTED FIRMS

Abstract

This paper investigates corporate social responsibility disclosure in Indonesia . Specifically, we examine whether profitability and leverage affect the CSR disclosure of companies listed on the Indonesia Stock Exchange . The analytical method used is panel data regression analysis. By examining the 1 29 companies listed in Indonesia Stock Exchange, we find that there is both positive impact of profitability and negative impact of leverage on CSR disclosure significantly. The findings are consistent across one measures of a firm’s profitability ( ROA, ROE, and RO I ) and one proxies of leverage (DAR and DER) . We have successfully contributed to the determinants of CSR disclosure .