Title: Busyness, Tenure, Frequency of CEO Meetings, and Disclosure of Corporate Social Responsibility
Author: Melinda Cahyaning Ratri
Affiliations : Masters Program in Accounting, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia
Publisher: Universitas Airlangga
Abstract
This research aims to analyze the relationship between busyness, tenure, and frequency of CEO meetings with the company's corporate social responsibility (CSR) disclosure. This research 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 research is ordinary least squares regression with a cluster model and fixed effect approach. using STATA 15.0 software. This research finds that busyness and CEO tenure are negatively and significantly related to the company's CSR disclosure. In contrast, the frequency of CEO meetings is positively and significantly related to the company's CSR disclosure. The results of this research indicate that companies with busy CEOs or CEOs with long tenure 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 disclosures because they can absorb a lot of information that is useful for addressing ever-changing social and environmental issues. This research has implications for companies and shareholders as considerations in appointing the company's CEO, placing restrictions on the CEO's activities and tenure, as well as increasing the CEO's awareness of attending board meetings will encourage company sustainability.
Keywords: CEO, busy, tenure, meeting frequency, corporate social responsibility
Sources: http://repository.unair.ac.id/97849/
