THE EFFECT OF ORGANIZATIONAL CULTURE, CAPITAL STRUCTURE, AND CORPORATE GOVERNANCE ON SUSTAINABILITY REPORT DISCLOSURE

Abstract

The regulations requiring financial institutions, issuers, and public companies to disclose their sustainability reports have encouraged the development of sustainability report in Indonesia. As such, the development should be supported by other factors besides institutional factors. This study aims to examine and obtain the empirical evidence of the effect of organizational culture, capital structure, and corporate governance on sustainability report disclosure. The population in this study includes companies listed on the ESGL index on the IDX in 2020-2022, from which 59 samples are selected through purposive sampling. This study involves secondary data of the companies’ annual reports and sustainability reports. The results of the hypothesis testing by multiple linear regression processed by SPSS software exhibit that, simultaneously, organizational culture, capital structure, and corporate governance significantly affect the sustainability report disclosure; and partially, organizational culture and corporate governance have a positively affect sustainability reporting disclosure while capital structure negatively affects sustainability report disclosure.