Firm Characteristics and CSR Disclosure in Indonesian Manufacturing Companies

Abstract

This research investigates how firm characteristics influence Corporate Social Responsibility (CSR) disclosure practices among manufacturing enterprises listed on the Indonesia Stock Exchange during 2020-2023. Employing quantitative methodology with multiple regression analysis, 22 companies were examined based on predetermined selection criteria. Financial data were obtained through systematic documentation of annual and sustainability reports from official IDX sources. Empirical findings reveal that firm size and profitability demonstrate no significant influence on CSR disclosure levels, whereas leverage exhibits positive and significant effects. These results provide valuable implications for regulatory bodies and corporate management in enhancing transparency frameworks and integrating firm-specific characteristics into CSR reporting strategies. Future investigations should incorporate additional determinant variables while expanding sample sizes and timeframes for enhanced generalizability.