Board of Directors Characteristics and Disclosure Tone During Covid-19 Pandemic: Evidence from Indonesia
Keywords:
disclosure tone, board characteristic, voluntary disclosure, covid-19 disclosureAbstract
This research aims to examine whether board characteristic affect disclosure tone during covid-19 pandemic in Indonesia. Population of this research are companies that affected by covid-19 pandemic. Total samples are 85 companies. The sampling technique was stratified random sampling method. To measure disclosure tone, researcher use content analysis of board of director statement in annual report 2020. Based on data analysis result, only board of directors’ age that have effect on disclosure tone. Our result showed that the older directors tends to use less positive disclosure tone. Meanwhile, board size, board gender diversity, board meeting and board financial expertise has no effect on disclosure tone. This research is expected to make contribution for accounting literature, especially voluntary disclosure area and also has practical implication by giving an overview related disclosure tone in crisis situation for Indonesian companies.
References
Amr Ezat. "Corporate governance and disclosure verifiability as determinants of disclosure tone in the Egyptian context." Egyptian Context. Scientific Journal for Financial and Commercial Studies and Researches 2 (2): 1–36. 2020
Badar Alshabibi, Shanmuga Pria, and Khaled Hussainey. "Audit Committees and COVID-19-Related Disclosure Tone: Evidence from Oman." Journal of Risk and Financial Management 14.12 (2021): 609.
BPS-Statistics Indonesia. “Kajian Perkembangan Pasar Saham dan Keuangan Emiten selama Pandemi Covid -19”. 2021
Bryan W. Husted, and José Milton de Sousa-Filho. "Board structure and environmental, social, and governance disclosure in Latin America." Journal of Business Research 102 (2019): 220-227.
D. C. Hanbrick,, and P. A. Mason. "Upper echelons organization as a reflection of its managers." Acad. Manage. Rev 9 (1984): 193-206.
Dayuan Li,, Aiqi Lin, and Lu Zhang. "Relationship between Chief Executive Officer characteristics and corporate environmental information disclosure in Thailand." Frontiers of Engineering Management 6.4 (2019): 564-574.
Dessy Noor Farida. "The Influence of Gender Diversity, Nationality, and Education of the Board of Directors on Csr in Indonesia Sharia Banking." Amwaluna: Jurnal Ekonomi dan Keuangan Syariah 4.2 (2020): 260-275.
Doaa Aly, Sherif El-Halaby, and Khaled Hussainey. "Tone disclosure and financial performance: evidence from Egypt." Accounting Research Journal (2018).
Elsayed AH Elamir, and Gehan A. Mousa. "Measuring Tone Disclosure as a Complementary Approach: The Case of the Banking Sector at Bahrain Bourse." 2019 8th International Conference on Modeling Simulation and Applied Optimization (ICMSAO). IEEE, 2019.
Evelyn Shintania, Rachael Monica Salim, and Saarce Elsye Hatane. "Faktor-Faktor dalam Financial Performance yang Mempengaruhi Tone Pengungkapan." Business Accounting Review 8.2 (2020): 77-98.
Filippo Vitolla, Nicola Raimo, and Michele Rubino. "Board characteristics and integrated reporting quality: An agency theory perspective." Corporate Social Responsibility and Environmental Management 27.2 (2020): 1152-1163.
Fotoh Elad, Mei Ngan Wong, and Nko Bongbee. "The Role of board characteristics in effective corporate governance: The case of Airbus Group." Available at SSRN 2902928 (2017).
Hesham Bassyouny, Tarek Abdelfattah, and Lei Tao. "Beyond narrative disclosure tone: The upper echelons theory perspective." International Review of Financial Analysis 70 (2020): 101499.
Hidaya Al Lawati, Khaled Hussainey, and Roza Sagitova. "Disclosure quality vis-à-vis disclosure quantity: does audit committee matter in Omani financial institutions?." Review of Quantitative Finance and Accounting 57.2 (2021): 557-594.
I. G. P. A. Diatmika, and I. Ketut Yadnyana. "Pengungkapan Pelaporan Keuangan Melalui Website dan Faktor-Faktor Yang Memengaruhi." E-Jurnal Akuntansi Universitas Udayana 21.1 (2017): 330-357.
Indonesian Central Bank. “Laporan Perekonomian Indonesia tahun 2020”. 2021
Jenna M. Wilson, et al. "Age differences in risk taking: now you see them, now you don’t." Aging, Neuropsychology, and Cognition (2021): 1-15.
Jonathan L Rogers, Andrew Van Buskirk, Sarah L. C. Zechman. “Disclosure tone and shareholder litigation”. The Accounting Review, 86(6), 2155-2183. 2011
Kartika Dewi Sri Susilowati, Triesti Candrawati, and Aang Afandi. "Analisis Pengaruh Ukuran Perusahaan, Profitabilitas dan Ukuran Dewan Direksi terhadap Pengungkapan Tanggung Jawab Sosial Perusahaan (Studi Kasus Pada Perusahaan Makanan dan Minuman di Indonesia)." JIM (Jurnal Ilmu Manajemen) 4.2 (2018).
Khaldoon Albitar, Habiba Al-Shaer, and Mahmoud Elmarzouky. "Do assurance and assurance providers enhance COVID-related disclosures in CSR reports? An examination in the UK context." International Journal of Accounting & Information Management 29.3 (2021): 410-428. 2021
Komang Ayu Krisnadewi, and Wayan Pradnyantha Wirasedana. "Optimum Board Size for Indonesian Public Companies." Jurnal Akuntansi dan Keuangan 20.2 (2018): 79-88.
Linda Smith Bamber, John Jiang, and Isabel Yanyan Wang. "What’s my style? The influence of top managers on voluntary corporate financial disclosure." The accounting review 85.4 (2010): 1131-1162.
Mahmoud Elmarzouky, et al. "COVID-19 disclosure: a novel measurement and annual report uncertainty." Journal of Risk and Financial Management 14.12 (2021): 616.
Md Abdur Rouf, and Md Alamgir Hossan. "The effects of board size and board composition on CSR disclosure: a study of banking sectors in Bangladesh." International Journal of Ethics and Systems (2020).
Minna Martikainen, Antti Miihkinen, and Luke Watson. "Board characteristics and disclosure tone." Available at SSRN 3410036 (2022).
Mohamed S. El-Deeb, Yasser T. Halim, and Ahmed F. Elbayoumi. "Disclosure tone, corporate governance and firm value: evidence from Egypt." Asia-Pacific Journal of Accounting & Economics 29.3 (2022): 793-814.
Mohammad Said Ressas, and Khaled Hussainey. "Does financial crisis affect financial reporting of good news and bad news?." International Journal of Accounting, Auditing and Performance Evaluation 10.4 (2014): 410-429.
Ni Kadek Novita Madani, and Gayatri Gayatri. "Profitabilitas, Ukuran Perusahaan, Umur Perusahaan, Kepemilikan Institusional dan Pengungkapan Sustainability Report." E-Jurnal Akuntansi 31.4 (2021): 822-835.
Noor Azuddin Yakob, and Norraidah Abu Hasan. "Exploring the interaction effects of board meetings on information disclosure and financial performance in public listed companies." Economies 9.4 (2021): 139.
P. Fahad, and P. Mubarak Rahman. "Impact of corporate governance on CSR disclosure." International Journal of Disclosure and Governance 17.2 (2020): 155-167.
Rania Beji, et al. "Board diversity and corporate social responsibility: Empirical evidence from France." Journal of Business Ethics 173.1 (2021): 133-155.
Ridwan, and Mayar Afriyenti. "Pengaruh Kepemilikan Keluarga, Ukuran Dewan Direksi, Dan Proporsi Direktur Independen Terhadap Tingkat Pengungkapan Sukarela." JURNAL EKSPLORASI AKUNTANSI 1.3 (2019): 1376-1391.
Sugiyono “Metode Penelitian Kuantitatif, Kualitatif, dan kombinasi (mixed methods)”. Bandung: Alfabeta. . (2019)
Usman Shehu Aliyu. "Board characteristic and corporate environmental reporting in Nigeria." Asian Journal of Accounting Research (2018).
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 International Journal of Sciences: Basic and Applied Research (IJSBAR)
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors who submit papers with this journal agree to the following terms.
