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The Biodiversity Disclosure Determinants in Indonesian Chemical Companies

In: Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24)

Author

Listed:
  • Luvita Dyaningsih

    (Diponegoro University, Department of Accounting)

  • Puji Harto

    (Diponegoro University, Department of Accounting)

Abstract

Biodiversity is a central point in the Sustainable Development Goals (SDGs) to balance ecological and economical interests. There is a growing need for biodiversity disclosure as part of environmental-related information, but companies provide a lack of biodiversity information. This study examines the relationship between family ownership, institutional ownership, profitability, and leverage as the determinants of the biodiversity disclosure index. The sample consists of chemical companies listed on the Indonesian Stock Exchange (IDX) during 2018 - 2022 and comes up with 85 firm-year observations. The analysis was conducted using GLS panel data regression. The study documents a negative relationship between family ownership and biodiversity disclosure, suggesting the resistance of family-based companies when uncovering the condition of biodiversity surrounding their business. Financial incentives through profitability and leverage cannot provide the expected significant result. The insignificant role of institutional ownership also indicates that proper enforcement and monitoring of biodiversity disclosure need to be enhanced.

Suggested Citation

  • Luvita Dyaningsih & Puji Harto, 2024. "The Biodiversity Disclosure Determinants in Indonesian Chemical Companies," Advances in Economics, Business and Management Research, in: Kris Brantas Abiprayu & Avi Budi Setiawan (ed.), Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24), pages 777-791, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-522-5_59
    DOI: 10.2991/978-94-6463-522-5_59
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