The Effect of Board Characteristics on Environmental, Social, and Governance Disclosure
DOI:
https://doi.org/10.65440/jaa.v2i2.154Keywords:
Board Gender Diversity, Independent Commissioners, Board Size , Environmental, Social, and Governance DisclosureAbstract
Purpose – This study aims to obtain empirical evidence on the influence of board gender diversity and independent commissioners on environmental, social, and governance disclosure with board size as a moderation variable.
Design/methodology/approach – This study uses a type of quantitative research. The sample in this study is the infrastructure sector companies listed on the Indonesia Stock Exchange in 2022-2024 as many as 48 companies. The analysis technique used to test the hypothesis is multiple regression analysis using the Eviews 9 software.
Findings – The results of this study found that board gender diversity had a positive and statistically significant effect on environmental, social, and governance disclosure, while independent commissioners had a positive and statistically insignificant effect on environmental, social, and governance disclosure, and board size had a positive and statistically significant effect on environmental, social, and governance disclosure.
Research limitations/implications – This study is limited to the 2022-2024 observation period and uses only three independent variables, so it does not include other factors such as profitability and company size. The practical implication is that management needs to optimize the board structure and oversight functions to support sustainability strategies and long-term value creation.
JEL : G34, M14, J16, Q56
Downloads
References
Ali, M., & Firmansyah, E. A. (2023). Revisiting The Impact Of Board Gender Diversity On Esg Disclosure In The Us. Indonesian Journal Of Sustainability Accounting And Management, 7(1), 1–14. Https://Doi.Org/10.28992/Ijsam.V7i1.840
Alvahlevi, T., & Syafruddin, M. (2025). Pengaruh Karakteristik Dewan Terhadap Environmental, Social, And Governance (Esg) Disclosure (Studi Empiris Pada Perusahaan Yang Terdaftar Di Indeks Kompas 100 Bursa Efek Indonesia Tahun 2021-2023). Diponegoro Journal Of Accounting, 14(03), 1–15. Http://Ejournal-S1.Undip.Ac.Id/Index.Php/Accounting
Aulia, A., Lastari, A. W., & Dillak, V. (2025). Enhancing Esg Disclosure The Role Of Profitability, Financial Slack, And Board Gender Diversity In Indonesian And Malaysian Banks Sector. Greenomika, 07(1), 67–77. Https://Journal.Unusida.Ac.Id/Index.Php/Gnk%7c
Chebbi, K., & Ammer, M. A. (2022). Board Composition And Esg Disclosure In Saudi Arabia: The Moderating Role Of Corporate Governance Reforms. Sustainability (Switzerland), 14(19). Https://Doi.Org/10.3390/Su141912173
Devnew, L. E., Ber, M. J. Le, Torchia, M., & Burke, R. J. (2018). More Women On Boards: An International Perspective.
Dewi, L. G. K., Wiagustini, N. L. P., Rahyuda, H., & Sudana, I. P. (2024). Perspektif Nilai Perusahaan Berdasarkan Sustainability Report Disclosure Dan Board Gender Diversity. In Intelektual Manifes Media.
Esty, D. C., & Cort, T. (2020). Values At Work: Sustainable Investing And Esg Reporting. Springer Nature Switzerland.
Farizki, D., & Harto, P. (2025). Pengaruh Board Characteristics Terhadap Esg Performace Dengan Family Ownership Sebagai Variabel Moderasi. Diponegoro Journal Of Accounting, 14(3), 1–14.
Fujianti, L., Nelyumna, N., Azizah, W., Astuti, S. B., Hilmiyah, N., & Qodriyah, A. L. (2024). Good Corporate Governance Dan Environmentalal, Social, Governance Disclosures Di Indonesia. Jurnal Reviu Akuntansi Dan Keuangan, 14(1), 19–36. Https://Doi.Org/10.22219/Jrak.V14i1.28986
Jimantoro, C., Maria, K. A., & Rachmawati, D. (2023). Mekanisme Tata Kelola Dan Pengungkapan Environmental, Social, Governance. Jurnal Riset Akuntansi Dan Keuangan, 19(1), 31. Https://Doi.Org/10.21460/Jrak.2023.191.440
Larcker, D., & Tayan, B. (2011). Corporate Governance Matters: A Closer Look At Organizational Choices And Their Consequences. Pearson Education, Inc.
Marheni, D. K., Erick, E., Ramadani, A. G., & Wandi, Y. (2024). The Influence Of Gcg On Disclosure Of Esg Scores Of Companies Listed On The Idx. Almana : Jurnal Manajemen Dan Bisnis, 8(1), 110–118. Https://Doi.Org/10.36555/Almana.V8i1.2460
Novriyani. (2024). Aktivitas Dewan Komisaris Terhadap Kinerja Keuangan Perusahaan. Cv. Azka Pustaka.
Paramita, K. D. Y., & Dewi, L. G. K. (2024). The Impact Of Board Gender Diversity And Ownership Structure On Esg Disclosure. Dinasti International Journal Of Economics, Finance Adn Accounting, 5(4), 4393–4403.
Rinaldy, R. A., & Inawati, W. A. (2025). Pengaruh Board Size, Board Gender Diversity, Board Meetings, Dan Independent Comissioners Terhadap Environmental , Social , And Governace ( Esg ) Disclosure Pada Perusahaan Seluruh Sektor Yang Terdaftar Di Bursa Efek Indonesia ( Bei ) Periode 2022-2023. E-Proceeding Of Management, 12(1), 3762–3777.
Risanti, Y., Novianti, N., Zaitul, & Yunilma. (2024). Analisis Fungsi Internal Audit, Gender Diversity, Csr Orientation, Dan Csr Strategy Dalam Dewan Terhadap Esg Disclosure. Prosiding Konferesi Riset Akuntansi Riau, 2(1), 27–43.
Samsul, M. (2006). Pasar Modal & Manajemen Portofolio. Erlangga.
Sekaran, U., & Bougie, R. (2013). Research Methods For Business: A Skill-Building Approach (Seventh, P. 85). Wiley. Https://Doi.Org/10.1108/Lodj-06-2013-0079
Sirait, K. N., & Fuad. (2024). Pengaruh Corporate Governance Terhadap Pengungkapan Environmental, Social, And Governance (Esg) (Studi Empiris Pada Perusahaan Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2021). Diponegoro Journal Of Accounting, 13(1), 1–14. Http://Ejournal-S1.Undip.Ac.Id/Index.Php/Accounting
Susanto, A., Novita, N., & Fambudi, I. N. (2024). The Role Of Independent Board Of Commissioners: A Study Ownership On Esg Disclosure. Akurasi : Jurnal Studi Akuntansi Dan Keuangan, 7(2), 443–462. Https://Doi.Org/10.29303/Akurasi.V7i2.611
Yocam, E., & Choi, A. (2010). Corporate Governance: A Board Director’s Pocket Guide Leadership, Diligence, And Wisdom. Iuniverse.
Zachary, E., & Fuad. (2025). Pengaruh Dewan, Dewan Komisaris Independen, Dan Keragaman Gender Di Dewan Terhadap Pengungkapan Esg. Diponegoro Journal Of Accounting, 14, 1–12.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Raika Dwi Rahayu, Raldyaz Prayogi (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
