Commissionaires Board Internationalization on Corporate Social Responsibility with Institutional Ownership as Moderating Variable
Fikriananda Addo Rahmawan, SM(a*) and Dr . Rahmat Setiawan, SE., MM., CFP(b)

Department of Management, Faculty of Economic and Business, Airlangga University

Abstract

This study aims to determine the influence of foreign commissioners on the Disclosure of corporate social responsibility in 135 non-financial companies listed on the Indonesian Stock Exchange, and to determine the moderating effect of institutional ownership on the influence of foreign commissioners on Corporate Social Responsibility Disclosure. The method used in this study is purposive sampling with multiple linear regression analysis models by adding several control variables and carrying out several classical assumption tests. The results of the study show that foreign commissioners have a significant positive effect on the disclosure of corporate social responsibility. Furthermore, tests were carried out to determine the role of institutional ownership as measured using a dummy and to show that institutional ownership does not moderate the positive influence of independent commissioners on corporate social responsibility. Furthermore, a robustness test was carried out to test the moderating role of institutional ownership in moderating the influence of foreign commissioners on disclosure of corporate social responsibility and the results showed that it was consistent with previous tests which showed institutional ownership did not moderate the positive effect of foreign commissioners on disclosure of corporate social responsibility.

Keywords: foreign commissioners, corporate social responsibility, institutional ownership.

Topic: Financial management