The Effect of Profitability, Leverage, and Company Size on Sustainability Report Disclosure of Manufacturing Companies in the Non-Cyclical Consumer Sector on the Indonesia Stock Exchange
DOI:
https://doi.org/10.66755/belacoss.v2i2.209Keywords:
Profitability, Leverage, Company Size, Sustainability Report, Consumer Non-Cyclicals Sector, Indonesian Stock ExchangeAbstract
This study was conducted to examine the key elements influencing the impact of profitability, leverage, and company size on the level of sustainability report disclosure in manufacturing companies listed on the Indonesia Stock Exchange and categorized as companies in the Consumer Non-Cyclicals sector. Sustainability reports are a crucial element in business activities because they reflect a company's transparency in the context of the social, economic, and environmental consequences arising from its operational activities. In this study, profitability is measured by return on assets (ROA), leverage is calculated using the debt to equity ratio (DER), while company size is determined by total assets owned. The study was conducted using a panel data regression approach, using the annual reports of issuers listed on the Indonesia Stock Exchange as data sources for the period 2019 to 2023. This study examined 40 issuers in the Consumer Non-Cyclicals sector listed on the Indonesia Stock Exchange (IDX) during that period, with 11 companies selected as the research sample. The analysis findings show that profitability levels have a significant negative impact on the level of sustainability report disclosure, while leverage and company size are proven to have a significant positive impact on the level of disclosure. These findings indicate that internal financial factors such as profitability are not always the primary drivers of sustainability information disclosure. Instead, external pressures from creditors, investors, and the company's business scale have a greater influence on companies' drive to increase transparency through sustainability reporting.
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