Struktur Kepemilikan dan Social Disclosures di Industri Manufaktur

Abstract

This study aims to find empirical evidence of the effect of ownership structure on social disclosures. Ownership structures are measured by institutional ownership, managerial ownership, and public ownership. While social disclosures are measured by the entity’s social disclosures score based on GRI 400. The research sample was 136 manufacturing companies listed on the Indonesia Stock Exchange (IDX) period 2020-2021. This study uses quantitative methods with panel data regression analysis techniques using the Eviews 10 program. The results showed that higher institutional ownership and public ownership will increase social disclosures on society aspect. On the other side, higher managerial ownership will reduce the company’s social disclosures on labor aspect. The findings of this study are in line with the legitimacy theory that ownership structures will encourage companies to carry out social disclosures.

Penelitian ini bertujuan untuk menemukan bukti empiris pengaruh struktur kepemilikan terhadap social disclosures. Struktur kepemilikan diukur menggunakan kepemilikan institusional, kepemilikan manajerial, dan kepemilikan publik. Social disclosures diukur dengan skor social disclosures entitas berdasarkan GRI 400. Sampel penelitian adalah 136 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2020-2021. Penelitian ini menerapkan metode kuantitatif dengan teknik analisis regresi data panel menggunakan program Eviews 10. Hasil penelitian menunjukkan bahwa semakin tinggi kepemilikan institusional dan kepemilikan publik akan meningkatkan social disclosures aspek society. Di sisi lain, semakin tinggi kepemilikan manajerial akan mengurangi social disclosures perusahaan aspek labor. Temuan penelitian ini sejalan dengan teori legitimasi bahwa struktur kepemilikan akan mendorong perusahaan melakukan social disclosures.