The content and determinants of CSR anti-corruption disclosure: the case of public-listed companies in Indonesia
ISSN: 1359-0790
Article publication date: 2 September 2021
Issue publication date: 24 May 2022
Abstract
Purpose
This study aims to investigate the content and determinants of the corporate social responsibility (CSR) anti-corruption disclosures (ACDs) of public-listed Indonesian companies using institutional and legitimacy theories.
Design/methodology/approach
A content analysis method is used to extract the anti-corruption information in the annual reports. This study uses 40 checklist items developed and used by prior studies to measure the extent of CSR ACD. Univariate and multivariate analyses are applied to examine the determinants of ACD.
Findings
The results show that the disclosure level of anti-corruption is considerably satisfactory at 44.9%. The whistle-blowing theme is the most frequently reported. Size of firm and industry type have significant effects on ACD. Surprisingly, the findings show that government ownership has a negative effect on ACD.
Research limitations/implications
The study is limited to one year of observation and is therefore unable to capture changes in the level of disclosure due to policy changes. The results of this study help anti-corruption decision-makers by taking into account the company’s legitimacy and isomorphic factors when formulating ACD policies and efforts that could be made to promote greater disclosure of anti-corruption information.
Originality/value
This study contributes to the discourse of CSR by providing a more comprehensive extent and more determinants of ACD practice in an emerging country from the lens of legitimacy and institutional theories.
Keywords
Acknowledgements
The authors are grateful to the Institute for Research and Community Services, Universitas Diponegoro, Semarang, Indonesia, for funding this research.
Citation
Faisal, F., Joseph, C., Saputri, A. and Prastiwi, A. (2022), "The content and determinants of CSR anti-corruption disclosure: the case of public-listed companies in Indonesia", Journal of Financial Crime, Vol. 29 No. 3, pp. 890-907. https://doi.org/10.1108/JFC-07-2021-0155
Publisher
:Emerald Publishing Limited
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