How external stakeholder pressure influences sustainability report quality: the intervening role of ESG disclosures
Keywords:
stakeholders theory, external stakeholder pressure, esg disclosureAbstract
This research examines the effect of external stakeholder pressure on the quality of sustainability reports, with ESG disclosure as a mediating variable. Focusing on environmentally sensitive industries and consumer-related industries, this study utilizes POJK 51 and the number of sustainability reports as indicators of sustainability report quality. A multiple regression analysis method is employed, utilizing 117 sustainability reports from listed firms on the Indonesia Stock Exchange for the period of 2021-2023. A purposive sampling method was applied to select companies, resulting in 39 observations that passed the criteria. The results indicate that companies experiencing pressure from external stakeholders tend to have better ESG disclosures, which significantly enhance the quality of their sustainability reports. By introducing ESG disclosure as a mediating variable between external stakeholder pressure and the quality of sustainability reports, this research offers a novel and valuable contribution to the field, addressing a gap that has not been widely explored in prior studies.
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