BOARD CHARACTERISTICS, ENVIRONMENTAL SOCIAL GOVERNANCE DISCLOSURE AND CORPORATE PERFORMANCE: EVIDENCE FROM INDONESIA PUBLIC LISTED COMPANIES

Abstract

This study investigates the relationship between board characteristics and environmental social governance disclosure (ESGD) practices. Also, it examines whether such the disclosure influence corporate performance. Seventy-three public listed companies that have ESGD score in 2015 were used as sample. Multiple regression analysis was applied to test whether size of board of commissioners and board of directors have a siginifcant effect on ESGD. The results show that (1) the size of board commissioners has a negative effect on corporate performance (2) the larger size of boards of directors the lower of ESGD. However, in terms of the relationship between ESGD and corporate performance, this study provide evidence that there is no relationship between these variables