Title: CEO's Activity, Tenure, Frequency of Meetings, and Disclosure of Corporate Social Responsibility

Authors: Melinda Cahyaning Ratri

Affiliations : Master of Accounting Program, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia

Publisher: Universitas Airlangga

Abstract

This study aims to analyze the relationship between CEO busyness, tenure, and frequency of meetings with corporate social responsibility (CSR) disclosure. This study uses 624 observations from 78 companies listed on the Indonesia Stock Exchange and the Global Reporting Initiative (GRI) database for nine periods from 2010 to 2018. The analysis technique used in this study is ordinary least squares regression with a cluster model approach and fixed effects using STATA 15.0 software. This study found that CEO busyness and tenure are negatively and significantly related to corporate CSR disclosure. Conversely, CEO meeting frequency is positively and significantly related to corporate CSR disclosure. The results of this study indicate that companies with busy CEOs or CEOs with long tenures tend to have less CSR disclosure due to less optimal understanding of CSR-related issues. On the other hand, companies with CEOs who frequently attend board meetings tend to have more CSR disclosure because they can absorb a lot of useful information to address constantly changing social and environmental issues. This research has implications for companies and shareholders as considerations in appointing company CEOs, limiting CEOs' busy schedules and terms of office, and increasing CEO awareness to attend board meetings will encourage company sustainability.

Keywords: CEO, busy, tenure, meeting frequency, corporate social responsibility

Sources: http://repository.unair.ac.id/97849/