The growing concern on social and environmental issues from various stakeholders creates the demand for corporate social responsibility (CSR) disclosures. This study aims to obtain empirical evidence on the association of CSR disclosure and firm value with family ownership as the moderating variable. It is argued that family firms will strengthen the association as family owners will try to keep the good reputation of their company and maintain good relationships with stakeholders. The quantitative method is used to investigate this issue by performing a moderated regression on a sample of manufacturing companies in Indonesia. The number of samples is 196 firm-year observations for the research period of 2014-2016, selected using a purposive sampling technique. The results show that CSR disclosure had a positive effect on firm value, but there was no role of moderation of family ownership variables found on the association. The insignificant role is likely due to the effect of weak control from the pyramid-shaped ownership on firms in Indonesia. The contribution of this research is expected to provide an overview of CSR disclosure and its relation to firm value in the context of family companies in Indonesia.
|Number of pages||15|
|Journal||International Journal of Innovation, Creativity and Change|
|Publication status||Published - 1 Jan 2020|
- Firm value