Determinasi Carbon Emission Disclosure: Media Exposure, Profitabilitas dan Kepemilikan Manajerial Perusahaan Sektor Basic Materials
- Maro Adio Apridinato Universitas Widya Dharma Pontianak, Pontianak, Indonesia
-
Chici Askotamiya
*
Universitas Widya Dharma Pontianak, Pontianak,
Indonesia
(*) Corresponding Author
Abstract
This study aims to analyze the effects of media exposure, profitability, and managerial ownership on carbon emission disclosure in basic materials sector companies listed on the Indonesia Stock Exchange during the 2023–2025 period. The background of his study is based on the inconsistency of carbon emission disclosure across years among basic materials sector companies, as well as divergent findings in prior research regarding the factors influencing carbon emission disclosure. This study employs a quantitative approach using secondary data obtained from companies’ annual reports and sustainability reports published during the observation period. The sample was selected using a purposive sampling method, resulting in 90 companies as the research sample, with a total of 270 observations. The data were analyzed using panel data regression processed with EViews 14 software. The analyses included model selection tests, multicollinearity tests, heteroscedasticity tests, autocorrelation tests, and partial significance tests (t-test). The results show that profitability has a significant positive effect, with a coefficient value of 0.256322 and a probability value of 0.0199. Meanwhile, media exposure has no significant effect, with a coefficient value of 0.029995 and a probability value of 0.2972, and managerial ownership has no significant effect, with a coefficient value of 0.021607 and a probability value of 0.8488. This study provides empirical evidance on the factor associated with carbon emission disclosure among basic materials sector companies and enriches the literature on the application of legitimacy theory in explaining environmental information disclosure. This study is subject to limitations, particularly the relatively short research period and the use of a dummy proxy to measure media exposure, which only captures the presence or absence of news and may therefore fail to adequately capture variations in media exposure.
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