Title : Indonesia Shariah Stock Index (ISSI) Firms and Environmental, Social, and Governance (ESG) Disclosure in Indonesia
Authors :
- Vidia Gati,
- Harymawan Faith
- Mohammad Nasih
Department : Accounting
Journal Name : Journal of Islamic Accounting and Business Research
Kinds of Journal : Q2
Keywords : ESG Disclosure, Governance, Sharia Firm, Sustainability Reporting
Abstract
Purpose: This study aims to examine the relationship of Indonesia's Sharia Stock Index (ISSI) Firms on Environmental, Social and Governance (ESG) Disclosure. This study is interest because ISSI firms are supposed to comply with Islamic values as this has been reflected in good corporate governance activities, demonstrating responsibility to others and participating in preserving nature/environmental activities. Design/Methodology/Approach: The Authors Use Sample Firms that are listed on the Indonesia Shariah-Compliant Stock Index (ISSI) from 2011 to 2020, which also published sustainability reports. Findings: The study found that sharia firms are positively related to ESG disclosure. The Authors also found that ESG disclosure of Sharia Firms is more pronounced in the reporting section of general, economic, environmental and social. Other Findings Suggest Differences in the Segments Reported in the Covid and Pre-Covid Periods. This result is also robust by conducting a self-section bias test with heckman's two-stage regression and coarsened exact matching regression. Practical Implications: For PolicyMakers, These results indicate that differentiated characteristics of firms can affect ESG Disclosure, and Economic Conditions will determine which sectors are disclosed the most. Originity/Value: This Study Provide Empirical Evidence that Indonesian Shariah-Completion Stock Index Firms Carried Out Their Mission to Disclose More Information About Their Environmental and Social Responsibility and Governance Issues.
For details
https://www.emald.com/insight/content/doi/10.1108/jiabr-12-2022-0354/Full/html
