Environmental disclosure practices in manufacturing sector in developing countries: Evidence from Indonesia

Abstract

This study examines the influence of company age, company size, gender diversity, and environmental performance on environmental disclosure in manufacturing companies in Indonesia. A total of 296 observations from 74 firms listed on the Indonesia Stock Exchange (2020-2023) were analyzed using multiple linear regression. The results show that company size and environmental performance positively affect environmental disclosure, while company age and gender diversity do not. This study introduces a novel approach by applying human capital theory to explain the role of gender diversity in environmental transparency, which has rarely been explored in prior Indonesian studies. This creative integration offers new insights for stakeholders in understanding the determinants of environmental accountability in emerging economies.