DO CHARACTERISTICS OF BOARD AFFECT SUSTAINABLE FINANCE DISCLOSURE? EVIDENCE: ASEAN BANKING INDUSTRY

Authors

Reysvana Rukmana Cakti, Sebelas Maret University, IndonesiaFollow
Y Anni Aryani, Sebelas Maret University, IndonesiaFollow

Abstract

Sustainability is an essential aspect of previous investigations on the relationship between business practices and sustainability commitments. These investigations showed how positive changes in this context have guided the banking system toward embracing sustainable finance. Therefore, the current study aimed to investigate the effect of board characteristics on sustainable finance disclosure within ASEAN banking industry, using a panel data regression model. The results showed that only board size had a positive and significant effect on sustainable finance disclosure. Meanwhile, variables such as board gender, board education, and foreign board was reported to be insignificant. This study provided valuable insight into the empirical understanding of sustainable finance disclosure, particularly within banking industry in ASEAN countries.

Bahasa Abstract

Keberlanjutan merupakan aspek penting dari investigasi terdahulu mengenai hubungan antara praktik bisnis dan komitmen keberlanjutan. Investigasi ini menunjukkan bagaimana perubahan positif dalam konteks penelitian ini telah mengarahkan sistem perbankan menuju penerapan keuangan berkelanjutan. Penelitian ini bertujuan untuk mengetahui pengaruh karakteristik dewan terhadap pengungkapan keuangan berkelanjutan di industri perbankan ASEAN, dengan menggunakan model regresi data panel. Hasil penelitian menunjukkan bahwa hanya ukuran dewan yang berpengaruh positif dan signifikan terhadap pengungkapan keuangan berkelanjutan. Sementara itu, variabel seperti gender dewan, pendidikan dewan, dan dewan asing dilaporkan tidak signifikan. Studi ini memberikan wawasan berharga mengenai pemahaman empiris tentang pengungkapan keuangan berkelanjutan, khususnya dalam industri perbankan di negara-negara ASEAN.

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Recommended Citation

Cakti, Reysvana Rukmana and Aryani, Y Anni (2023) "DO CHARACTERISTICS OF BOARD AFFECT SUSTAINABLE FINANCE DISCLOSURE? EVIDENCE: ASEAN BANKING INDUSTRY," Jurnal Akuntansi dan Keuangan Indonesia: Vol. 20: Iss. 2, Article 2.
DOI: 10.21002/jaki.2023.08
Available at: https://scholarhub.ui.ac.id/jaki/vol20/iss2/2