DOES OWNERSHIP MODERATE THE FINANCIAL PERFORMANCE AND CSR DISCLOSURE LINKAGE?
DOI:
https://doi.org/10.29303/akurasi.v8i2.815Kata Kunci:
Tanggung jawab sosial perusahaan, pengungkapan, kinerja keuangan, struktur kepemilikanAbstrak
Penelitian ini menganalisis pengaruh kinerja keuangan terhadap pengungkapan CSR dengan mempertimbangkan peran moderasi struktur kepemilikan pada industri kontroversial di negara berkembang. Menggunakan 102 observasi firm-year perusahaan terdaftar di Bursa Efek Indonesia periode 2019–2023 dan regresi panel Random-Effects GLS, hasil menunjukkan bahwa ROA berpengaruh positif terhadap pengungkapan CSR, mendukung teori legitimasi. Namun, kepemilikan manajerial memperlemah hubungan tersebut, sedangkan kepemilikan institusional, keluarga, dan asing tidak menunjukkan efek moderasi signifikan. Temuan ini menegaskan peran karakteristik kepemilikan dalam praktik pengungkapan CSR serta memberikan implikasi bagi regulator dan investor dalam meningkatkan akuntabilitas perusahaan dengan dominasi kepemilikan manajerial.
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