Indonesian Journal of Sustainability Accounting and Management
Indonesian Journal of Sustainability Accounting and Management (IJSAM) is a peer-reviewed journal publishing high-quality, original research and published biannually (June and December) by Universitas Pasundan, Indonesia. IJSAM emphasizes the linkages between these environmental issues and social and economic issues in corporations, governments, education institutions, regions, and societies. Its aim is to publish scholarly accounting, economics, energy, entrepreneurship, environmental, management, and social sustainability of human beings research that are relevant to Indonesian studies and in global perspectives, especially those providing practical implications to promote better business decision-making and public policy formulation. Through our published articles, we aim at helping societies become more sustainable.
Articles
215 Documents
<![CDATA[The Mediating Effect of Supplier Relationship Management on CSR and Marketing Performance Relationship ]]>
<![CDATA[Kwamena Minta Nyarku]]>;
<![CDATA[Stephen Oduro]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 3 No. 1 (2019): June 2019 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v3i1.58
<![CDATA[The study sought to examine the mediating outcome of supplier relationship management (SRM) on the CSR and marketing performance (MP) relationship. The study was descriptive, quantitative in nature with a questionnaire as its main data collection instrument. A purposive sampling approach was employed to select 317 owners/managers of the manufacturing firms. Data collected was analyzed using Structural Equation Model–Partial Least Square statistical software. The study proposed two models; model 1 without mediation effect and model 2 with mediation effect. The results revealed a direct significant positive relationship between CSR and MP and CSR and SRM; including a direct positive relationship between SRM and MP. However, the direct link between CSR and MP was not supported, when the mediating variable was included; but shows that SRM fully mediates the CSR and MP tie. The effect of SRM explains the effect of CSR on MP. Appearing to be the first study to examine the mediation role of supplier relationship management, this study discovered the novel path through which CSR is linked to a company’s marketing performance, as well as key CSR engagements that can enhance supplier relationship management and marketing performance.]]>
<![CDATA[Does the Cost of Capital Affect Environmental Performance? ]]>
<![CDATA[Haninun Haninun]]>;
<![CDATA[Lindrianasari Lindrianasari]]>;
<![CDATA[Susi Sarumpaet]]>;
<![CDATA[Agrianti Komalasari]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 3 No. 1 (2019): June 2019 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v3i1.68
<![CDATA[This study aims to test the influence of environmental performance in Indonesia associated with the cost of capital. This research is motivated by previous findings which stated that the environmental performance received a good response from investors as reflected in increased stock prices (Ba et al., 2013; Middleton, 2015). The development hypothesis of the research is based on the theory of stakeholder, legitimacy and the theory of signal and some previous research such as the studies that have been done (Guenster et al., 2011; Sarumpaet et al., 2017). This type of research is research explanatory, the determination of the sample using the method of purposive sampling with number of samples to qualify as many as 215 observation data derived from the annual financial reports of companies listed on the stock exchange in 2015 until 2017. The results of the statistical analysis show that there are significant negative not significant on the relationship of environmental performance with cost of capital, it can be explained that only a small fraction of investors understand the performance information of the environment, and make it as a basis for making the decision to invest.]]>
<![CDATA[Corporate Social Responsibility as Economic Mechanism for Creating Firm Value ]]>
<![CDATA[Sam Ronald]]>;
<![CDATA[Suwandi Ng]]>;
<![CDATA[Fransiskus Eduardus Daromes]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 3 No. 1 (2019): June 2019 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v3i1.69
<![CDATA[This research is aimed to investigate the influence of corporate social responsibility (CSR) on financial variables such as financial constraints, risks and earnings quality as a mediating aspects for creating firm value. Data were collected from manufacturing companies listed on the Indonesia Stock Exchange for 2013–2016. By using regression and path analysis method, the result shows that CSR has a significant influence on increasing firm value. Meanwhile, the indirect influences show that financial constraints and risk have a positive mediating role in the relationship between CSR and firm value, while the quality of earnings has no mediating role. The finding reveals a difference result with previous studies that CSR has an influence on reducing firm risk. Conflict of stakeholder interest exists as the result of excessive CSR activities and trading noise are used to explain this relationship. This study also indicates that cash flow has better role in increasing firm value compared to the accounting earnings of firm.]]>
<![CDATA[Social Network and Organizational Leadership at the Higher Education Institution: A Case Study ]]>
<![CDATA[Gugyh Susandy]]>;
<![CDATA[Yanu Endar Prasetyo]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 3 No. 1 (2019): June 2019 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v3i1.70
<![CDATA[The roles of social network and informal leadership network are not only crucial to companies or government institutions, but also to the academic institutions. As the interaction within the organization becomes more complex and dynamic, there is a lack of knowledge of the overall picture of informal leadership network at the higher education institution. In this study, we conducted a comprehensive analysis of three types of social networks and informal leadership in Sekolah Tinggi Ilmu Ekonomi Sutaatmadja (STIESA). They are the information network in an internal organization, cooperation network in technical problem solving of the organization, and a personal support network in the organization. The method used in this research was survey and Social Network Analysis (SNA). The respondents in this research were the whole leaders and staffs of STIESA. The findings of this study classified the three social networks and informal leadership and built network matric to be further explored for the strategic decision-making process of the organization. Each type of social network and informal leadership, along with its characteristics, is discussed and explored.]]>
<![CDATA[How Does the Accounting Treatment of the Environment Transaction and How it Impacts to Company's Performance? Case from Indonesia ]]>
<![CDATA[Einde Evana]]>;
<![CDATA[Lindrianasari Lindrianasari]]>;
<![CDATA[R. Weddie Andriyanto]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 3 No. 1 (2019): June 2019 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v3i1.71
<![CDATA[This study aims to investigate the awareness of big companies in Indonesia on the allocation of environmental costs. This research is very important to do, given that the company's operational effects as contributing very large carbon emissions (especially companies whose activities are in contact with nature). The method used in this research is observation, by tracing the existence of environmental cost in every big company in Indonesia, which is in database Bloomberg. The number of samples of this study is 2,043, for all companies in the period of observation 2004–2017. The results of this study indicate a relatively slow response of companies in responding to regulations issued by the state. This also indicates the low compliance of large companies in Indonesia for the implementation of the rules, in terms of accounting known as the recognition and measurement of accounting for environmental transactions.]]>
<![CDATA[Good Corporate Governance, Corporate Social Responsibility, Firm Value, and Financial Performance as Moderating Variable ]]>
<![CDATA[Mukhtaruddin Mukhtaruddin]]>;
<![CDATA[Ubaidillah Ubaidillah]]>;
<![CDATA[Kencana Dewi]]>;
<![CDATA[Arista Hakiki]]>;
<![CDATA[Nopriyanto Nopriyanto]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 3 No. 1 (2019): June 2019 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v3i1.74
<![CDATA[Good corporate governance and corporate social responsibility can assist the company in facing the challenges and risks as a strategy in increasing the firm value by building the right image from the stakeholders’ view. This study aims to determine the effect of good corporate governance and corporate social responsibility on firm value with financial performance as a moderating variable. The population of this research is banking companies listed in Indonesia Stock Exchange (IDX) for 2011–2015. The sample consisted of 23 companies which were selected by purposive random sampling. This data is analyzed by using Partial Least Square approach. The results of this study indicate that good corporate governance has an insignificant positive effect on firm value; otherwise corporate social responsibility has a significant negative impact on firm value. Financial performance has significantly strengthened the relationship between good corporate governance and corporate social responsibility on firm value.]]>
<![CDATA[Assessment of the Influence of Foreign Directors on Integrated Sustainability Reporting of Consumer Goods Firms Listed on Nigerian Stock Exchange ]]>
<![CDATA[Chidiebele Innocent Onyali]]>;
<![CDATA[Tochukwu Gloria Okafor]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 3 No. 1 (2019): June 2019 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v3i1.76
<![CDATA[The purpose of this paper is to explore the influence of foreign directors on integrated sustainability reporting of listed consumer goods firms in Nigeria. Specifically, the study investigated the impact of foreign directors on the economic, social, and governance disclosure of listed consumer goods firms in Nigeria. The study used the ex post facto research design. Population and sample size comprised of 21 listed consumer goods firms on the Nigerian Stock Exchange. The duration of the study is from 2011 to 2017 financial year. Multiple regressions analysis was adopted in testing the formulated hypotheses. The dependent variable sustainability integrated reporting was measured using an Economic, Social, and Governance (ESG) index. The independent variable was measured as the number of foreign directors on board. The results show a significant influence of foreign directors on the economic, social, and governance disclosure of listed consumer goods firms in Nigeria. Based on this, the study recommends the adoption of a genetic heterogeneous board structure to leverage the diverse set of skills brought by foreign board members to decision–making.]]>
<![CDATA[Financial Performance Mediation in the Influence of Islamic Corporate Governance Disclosure on the Islamic Social Reporting ]]>
<![CDATA[Ichsan Setiyo Budi]]>;
<![CDATA[Rahmawati Rahmawati]]>;
<![CDATA[Falikhatun Falikhatun]]>;
<![CDATA[Muthmainah Muthmainah]]>;
<![CDATA[Ardi Gunardi]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 3 No. 1 (2019): June 2019 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v3i1.77
<![CDATA[The results of the research on the social role of Islamic banks show inconsistency both domestically and abroad; this is the basis for conducting this research to re-explain the Islamic Corporate Governance (ICG) and Islamic Social Reporting (ISR) relationship, models. This study aims to examine the indirect effect of ICG disclosure on ISR disclosure with financial performance as a mediating variable in Islamic Banking in Indonesia. This study uses secondary data with annual report data sources and financial statements on Islamic banking in Indonesia. They are testing this study using stepwise regression analysis with data for the annual reporting period of 2011 through 2014. The result that financial performance mediates the effect of disclosure of ICG on ISR; this shows that proper management of Islamic banks will produce high financial performance so that they can carry out their social roles well too. The contribution of this study is to develop a new model of the part of financial performance mediating the effect of ICG disclosure on ISR so that it is beneficial for the development of science.]]>
<![CDATA[Impact of Environmental Reporting on Financial Performance: Study of Global Fortune 500 Companies ]]>
<![CDATA[G. M. Shahariar Zamil]]>;
<![CDATA[Zubair Hassan]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 3 No. 2 (2019): December 2019 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v3i2.78
<![CDATA[This study examines the impact of environmental reporting on the financial performance of Fortune 500 firms from 2013 to 2017. It appraises financial performance by measuring three independent variables: reduction in greenhouse gas emissions, reduction in waste, and reduction in water consumption. While the target population comprised the top 100 CSR-reputed companies listed on Fortune 500, the sample size was determined to be 50 based on observations of 250 companies. The collected data were analyzed using descriptive statistics, correlation, and regression analysis. Findings indicated that reduction in nominated variables such as greenhouse gas emissions and water consumption had a positive and significant impact on financial performance, whereas that in another variable, i.e., waste, had a negative and significant impact on financial performance. Thereby, this study recommends that firms should adopt environment-friendly resources to attract stakeholders as well as save the planet. It also suggests that firms need to accord dedicated focus to environmental reporting to improve profitability.]]>
<![CDATA[Corporate Social and Environmental Strategy and Reporting in Indonesian Plantation Industry ]]>
<![CDATA[Intan Belinda Lestari]]>;
<![CDATA[Noradiva Hamzah]]>;
<![CDATA[Ruhanita Maelah]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 3 No. 1 (2019): June 2019 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v3i1.80
<![CDATA[This study aims to investigate how corporate social and environmental strategy can contribute to corporate social and environmental reporting (CSER) in the plantation industry in Indonesia. This study employed a case study approach by using semi–structured interviews to collect data from Indonesian plantation companies listed in the Indonesia Stock Exchange (IDX) and state–owned plantation companies that included CSER in their annual report. The motivation of CSER implementation in Indonesian plantation companies was influenced by proactive and reactive strategies. The corporate social and environmental strategy of proactive principles would publish CSER due to the social discretion beyond the regulatory requirements or pressure of certain stakeholders, and prior to any negative information being received by the public. Moreover, the corporate social and environmental strategy of reactive principles would also publish CSER to meet stakeholders’ needs and demands, obtain good corporate image and reputation, and avoid negative impacts (e.g., harm, hazards, mishap, complaints, etc.). Therefore, corporate social and environmental strategy can contribute to CSER depending on whether the company has proactive or reactive principles. This research contributes to the knowledge of social accounting literature in which CSER practices can be influenced by corporate social and environmental strategy.]]>
