<![CDATA[This study aims to analyze the impact of ownership structure on the level of environmental, social, and governance (ESG) disclosure. The ownership structures in this study include managerial, institutional, family, majority, and government ownership. ESG is considered an important indicator in reflecting a company's commitment to sustainability and social responsibility in the modern business era. These ownership structures have varying impacts on ESG disclosure based on agency theory. This study uses a quantitative approach to test the hypothesis. This study has a population of non-financial companies listed on the Indonesia Stock Exchange (IDX) for the period 2021 to 2024. The study sample consists of 364 company-years. The results of multiple linear regression analysis indicate that managerial and institutional ownership do not affect ESG disclosure. Family and majority ownership have a negative effect on ESG disclosure. Government ownership has a positive effect on ESG disclosure. The control variables in this study are profitability, company size, and leverage. Profitability and leverage do not affect ESG disclosure. Company size has a positive effect on ESG disclosure. The findings of this study have the following implications: first, companies with majority and family ownership tend to withhold strategic information, such as ESG, to protect their interests (entrenchment effect). Second, state-owned enterprises face high public pressure, which leads to increased compliance with ESG disclosures. Third, managerial and institutional ownership do not reduce information asymmetry]]>
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