INFORMATION GAP: DEMAND SUPPLY ENVIRONMENTAL DISCLOSURE DI INDONESIA
Fakultas Ekonomi Universitas Sebelas Maret Surakarta
Jl. Ir. Sutami 36A Surakarta
Korespondensi dengan Penulis:
Djoko Suhardjanto: Telp. +62 271 669 090
The purposes of this study were to investigate information gap of environmental disclosure in Indonesian and to examine relationship between company characteristics and its environmental disclosures. Company characteristics were identified as size, profitability, leverage, profile, and company’s operation territory. This study also examined proportion of independent commissioner and the educational background of commissioner president as control variable. Primary and secondary data were used in this research. Interview and questionnaire to 50 respondents as broader stakeholders were used as primary data. On average, there was high demand from respondents on environmental disclosure (score of 3.95 within 5 likert scale). Under purposive sampling, 100 annual reports of companies in BEI were selected as secondary data. There was 44% of those disclosed environmental information. Under weighted index, the level of disclosure was 4.84%. High demand from broader stakeholders to disclose environmental information does not supply properly by Indonesian companies. Thus, there was information gap in environmental disclosure. Result of logistic regression showed that the determinants for Indonesian companies to disclosure environmental information were Profitability; Leverage and Proportion of Independent Commissioner. In addition, the significant predictors for the level of disclosure were Leverage; Proportion of Independent Commissioner and the Educational Background of Commissioner President.
Key words: information gap, environmental disclosure, company characteristics, broader stakeholders