Military Experienced Board and Corporate Social Responsibility Disclosure: An Empirical Evidence From Indonesia

Entrepreneurship and Sustainability Issues, 2019 Volume 7 Number 1 (September)

Posted: 21 Apr 2020

See all articles by Mohammad Nasih

Mohammad Nasih

affiliation not provided to SSRN

Iman Harymawan

Universitas Airlangga

Fajar Kristanto Gautama Putra

affiliation not provided to SSRN

Rizka Qatrunnada

affiliation not provided to SSRN

Date Written: 2019

Abstract

This study examines the impact of military connection and politically connection on Corporate Social Responsibility Disclosure. Using 110 firm year observations of Indonesia listed firms, we predict that the presence of military or politically connection in firm’s board will increase the Corporate Social Responsibility Disclosure level on its Sustainability Report. We found that military connected boards increase the Corporate Social Responsibility Disclosure while politically connection does not show any correlation. Our further analysis on specific type of each connection shows that military career position, army military origin, marine military origin, People’s Consultative Assembly politically affiliation and House of Representation politically affiliation increase the level of Corporate Social Responsibility Disclosure level. Our result is robust due to various research model and Heckman’s two stage regression.

Keywords: corporate social responsibility disclosure, military connection board, politically connected board

JEL Classification: M50, Q56

Suggested Citation

Nasih, Mohammad and Harymawan, Iman and Putra, Fajar Kristanto Gautama and Qatrunnada, Rizka, Military Experienced Board and Corporate Social Responsibility Disclosure: An Empirical Evidence From Indonesia (2019). Entrepreneurship and Sustainability Issues, 2019 Volume 7 Number 1 (September), Available at SSRN: https://ssrn.com/abstract=3561508

Mohammad Nasih

affiliation not provided to SSRN

Iman Harymawan (Contact Author)

Universitas Airlangga ( email )

JL. Airlangga no 4
Surabaya, East Java 60286
Indonesia

HOME PAGE: http://www.feb.unair.ac.id

Fajar Kristanto Gautama Putra

affiliation not provided to SSRN

Rizka Qatrunnada

affiliation not provided to SSRN

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