Determinants of Anti-Corruption Disclosure in Infrastructure Sector Companies Listed on The BEI
DOI:
https://doi.org/10.59188/eduvest.v5i2.1647Keywords:
Anti-Corruption disclosure, Company size, Government ownership, Foreign ownershipAbstract
The purpose of this study is to examine the influence of company size, government ownership, and foreign ownership on anti-corruption disclosure in infrastructure sector companies listed on the Indonesia Stock Exchange in 2023. The sample was selected using the purposive sampling method with final samples consisting of 64 companies. The content analysis method is used to collect anti-corruption disclosure information in annual reports and corporate sustainability reports. This study uses 40 statement items grouped into 7 themes to measure the extent of corporate anti-corruption disclosure. The results of the study show that company size and government ownership have a positive effect on anti-corruption disclosure. Meanwhile, foreign ownership has no influence on anti-corruption disclosure. This study contributes to the literature by providing a comprehensive overview and determining factors for anti-corruption disclosure in infrastructure sector companies in the lens of legitimacy and institutional theory.
References
Association of Certified Fraud Examiners. (2024). Occupational Fraud 2024: A Report to The Nations.
Branco, M. C., & Matos, D. (2016). The fight against corruption in Portugal: evidence from sustainability reports. Journal of Financial Crime, 23(1), 132–142.
Buijink, W. F. J., Sellhorn, T., & Wagenhofer, A. (2019). Regulation of Corporate Disclosure. In Schmalenbach Business Review (Vol. 71, pp. 131–136). Springer.
Duho, K. C. T., Agyenim-Boateng, C., Asare, E. T., & Onumah, J. M. (2023). Convergence and determinants of anti-corruption disclosure among extractive firms in Africa. Journal of Financial Crime, 30(4), 908–926.
Faisal, F., Joseph, C., Saputri, A., & Prastiwi, A. (2022). The content and determinants of CSR anti-corruption disclosure: the case of public-listed companies in Indonesia. Journal of Financial Crime, 29(3), 890–907.
Global Sustainability Standards Board. (2022). GRI 205: Antikorupsi 2016.
Ifada, L. M., & Saleh, N. M. (2022). Environmental performance and environmental disclosure relationship: the moderating effects of environmental cost disclosure in emerging Asian countries. Management of Environmental Quality: An International Journal, 33(6), 1553–1571.
Indonesia Corruption Watch. (2023, May 29). Indonesia Corruption Watch. Diambil kembali dari https://antikorupsi.org/id/jalan-rusak-dan-darurat-pengawasan-korupsi-infrastruktur
Joseph, C., Gunawan, J., Sawani, Y., Rahmat, M., Noyem, J. A., & Darus, F. (2016). A comparative study of anti-corruption practice disclosure among Malaysian and Indonesian Corporate Social Responsibility (CSR) best practice companies. Journal of Cleaner Production, 112, 2896–2906.
Joseph, C., Madi, N., Janggu, T., Rahmat, M., & Mohamed, N. (2018). Online integrity disclosure: benchmark for good governance? Asia-Pacific Management Accounting Journal (APMAJ), 13(1), 207–230.
Kementerian Badan Usaha Milik Negara. (2023, Maret 24). Peraturan Menteri Badan Usaha Milik Negara Republik Indonesia Nomor PER-2/MBU/03/2023 tentang pedoman Tata Kelola dan Kegiatan Korporasi Signifikan Badan Usaha Milik Negara. Jakarta.
Otoritas Jasa Keuangan. (2015, Desember 23). Peraturan Otoritas Jasa Keuangan Nomor 55/POJK.04/2015 tentang Pembentukan dan pedoman Pelaksanaan Kerja Komite Audit. Jakarta.
Otoritas Jasa Keuangan. (2021, Juni 29). Surat Edaran Otoritas Jasa Keuangan Republik Indonesia Nomor 16/SEOJK.04/2021 tentang Bentuk dan Isi Laporan Tahunan Emiten atau Perusahaan Publik. Jakarta.
Pemerintah Republik Indonesia. (2007, April 26). Undang-Undang Republik Indonesia Nomor 25 tahun 2007 tentang Penanaman Modal. Jakarta.
Permatasari, S. Y., & Prastiwi, A. (2023). Pengaruh Karakteristik Perusahaan Dan Dewan Komisaris Terhadap Pengungkapan Anti Korupsi Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Owner: Riset Dan Jurnal Akuntansi, 7(4), 3494–3509.
Sari, T. K., Cahaya, F. R., & Joseph, C. (2021). Coercive pressures and anti-corruption reporting: the case of ASEAN countries. Journal of Business Ethics, 171, 495–511.
Sartor, M. A., & Beamish, P. W. (2020). Private sector corruption, public sector corruption and the organizational structure of foreign subsidiaries. Journal of Business Ethics, 167, 725–744.
Tyas, R. W., & Rahmawati, I. P. (2023). PENTINGKAH KARAKTERISTIK PERUSAHAAN DAN TIPE INDUSTRI PADA PENGUNGKAPAN ANTI KORUPSI? Media Riset Akuntansi, Auditing & Informasi, 23(2), 291–308.
Vale, J., & Branco, M. C. (2019). Anti-corruption reporting in emerging country multinationals. Journal of Financial Crime, 26(3), 861–873.
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Karunia Eri Fitriyanah, Harti Budi Yanti
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
