Are Anti-Corruption Disclosures and ISO 37001:2016 Implementation Linked to Company Performance? Evidence from Indonesia

Evy Rahman Utami (Universitas Muhammadiyah Yogyakarta)
Atika (Universitas Tidar)
Etik Kresnawati (Universitas Muhammadiyah Yogyakarta)
Harjanti Widiastuti (Universitas Muhammadiyah Yogyakarta)

Jurnal REKOMEN (Riset Ekonomi Manajemen)
Vol. 9 No. 2 (2026): REKOMEN (Riset Ekonomi dan Manajemen)

This study aims to investigate the association of anti-corruption disclosure with company performance in Indonesia. In addition, this study also analyzes the impact of implementing ISO 37001:2016 on the relationship between anti-corruption disclosure and company performance. This study's population consists of Indonesian companies listed on the Indonesia Stock Exchange in 2019-2021. This study obtained anti-corruption disclosure and ISO 37001:2016 implementation data through content analysis of companies' annual reports. The analysis was conducted using IBM SPSS 26. Based on 625 firm-year observations, of which 30 observations report ISO 37001:2016 implementation, the results show that anti-corruption disclosure is not associated with company performance. Furthermore, implementing ISO 37001:2016 does not improve the relationship between anti-corruption disclosure and company performance. These findings should be interpreted cautiously because relatively few observations reported ISO 37001:2016 implementation.