Political Connections, Governance Mechanisms, Firm Size, and Sustainability Report Disclosure in Indonesian Mining Companies 2021–2024

Rania Fairuz Khalisha; Wiwik Saraswati; Yanzil Azizil Yudaruddin

doi:10.63922/ijebir.v5i05.5775

Rania Fairuz Khalisha Accounting Study Program, Faculty of Economics and Business, Universitas Balikpapan, Balikpapan, East Kalimantan, Indonesia
Wiwik Saraswati Accounting Study Program, Faculty of Economics and Business, Universitas Balikpapan, Balikpapan, East Kalimantan, Indonesia
Yanzil Azizil Yudaruddin Accounting Study Program, Faculty of Economics and Business, Universitas Balikpapan, Balikpapan, East Kalimantan, Indonesia

DOI: https://doi.org/10.63922/ijebir.v5i05.5775

Keywords: Political Connection, Governance Mechanism, Firm Size, Sustainability Report

Abstract

This study aims to examine the effect of political connection, governance mechanism, and firm size on sustainability report disclosure of mining companies listed on the Indonesia Stock Exchange. The study is motivated by the still limited transparency of a number of mining companies in disclosing the social and environmental impacts of their operational activities, as well as the inconsistency of previous research findings regarding the determinants of sustainability report. This study employed a quantitative approach using secondary data obtained from the annual reports of mining companies during the 2021–2024 period. The sample was determined using purposive sampling, resulting in 143 firm-year samples that met the criteria. The data were analyzed using multiple linear regression analysis with the assistance of SPSS. The results indicate that political connection and governance mechanism have no effect on sustainability report disclosure, whereas firm size has a positive effect on sustainability report disclosure. These findings suggest that mining companies' decisions to disclose sustainability reports are driven more by operational scale and public legitimacy pressure than by political proximity or formal governance quality. This study contributes empirically to the development of legitimacy theory and provides considerations for regulators and mining companies in encouraging transparency in sustainability reporting.

References

Alfajar, R., & Taqwa, S. (2024). Pengaruh Tekanan Stakeholder dan Ukuran Perusahaan terhadap Sustainability Report Assurance: Studi Empiris pada Perusahaan Terdaftar di Bursa Efek Indonesia Periode Tahun 2017-2021.
Arrokhman, D. B. K., & Siswanto. (2021). Pengaruh Tekanan Lingkungan, Tekanan Pemegang Saham, dan Ukuran Perusahaan terhadap Kualitas Sustainability Reporting. E-Jurnal Akuntansi, 31(12), 3162–3177.
Aviyanti, R. D., Devi, H. P., Amah, N., Andriani, D. N., & Widiastuti, P. W. (2022). Pengaruh Tata Kelola, Koneksi Politik, dan Kompensasi Dewan Direksi Terhadap Pengungkapan Sustainability Report. Inventory: Jurnal Akuntansi, 6(2), 103–114.
Aviyanti, R. D., Nik Amah, Andriani, D. N., & Widiastuti, P. W. (2022). The Effect of Corporate Governance, Political Connection, and Executive Power on Sustainability Report. Jurnal Aksi (Akuntansi Dan Sistem Informasi), Vol. 7, Iss. 2, pp. 178–187.
Danartha Sutawan, M., & Ardhani Sisdyani, E. (2022). Koneksi Politik, Kepemilikan Pemerintah dan Pengungkapan Sustainability Reporting. E-Jurnal Akuntansi, 32(8), 2047–2057.
Darmawan, B. A., & Sudana, I. P. (2022). Stakeholder Pressure and Firm Size on Sustainability Report. E-Jurnal Akuntansi, Vol. 32, Iss. 12, pp. 3582–3596.
Dowling, J., & Pfeffer, J. (1975). Pacific Sociological Association Organizational Legitimacy: Social Values and Organizational Behavior. In Source: The Pacific Sociological Review (Vol. 18, Number 1).
Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25 Edisi 9. Semarang: Badan Penerbit Universitas Diponegoro.
Hikmah, I. W., & Anisykurlillah, I. (2023). Determinan Pengungkapan Sustainability Report pada Perusahaan BUMN yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2020. Jurnal Pustaka Nusantara Multidisiplin, 1(1), 1–12.
Juwono, S., & Mayangsari, S. (2022). Pengaruh Koneksi Politik, Kepemilikan Keluarga Dan Ukuran Perusahaan Terhadap Pengungkapan Sustainability Report Perusahaan. Jurnal Akuntansi Trisakti, 9(1), 1–26.
Mardiana, F., Suprayoga, S., & Pratiwi, L. I. (2024). Koneksi Politik dan Pengungkapan Corporate Social Responsibility: Tinjauan Literatur dari Berbagai Negara. Owner, 8(2), 1073–1084.
Nofita, W., & Sebrina, N. (2023). Pengaruh Profitabilitas, Good Corporate Governance dan Tipe Industri terhadap Pengungkapan Sustainability Report. Jurnal Eksplorasi Akuntansi, 5(3), 1034–1052.
Nugrahanti, Y., & Debbie, N. (2023). Apakah Koneksi Politik Mempengaruhi Pengungkapan Lingkungan? Jurnal Akademi Akuntansi, 6(4), 581–594.
Pramastha, T. A., & Sulistiyowati, L. N. (2025). The Influence Of Green Accounting, Financial Performance, And Company Size On Financial Sustainability. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 19(1), 76–89.
Prihandono, A. Y., & Herliansyah, Y. (2025). Faktor-Faktor yang Mempengaruhi Tingkat Pengungkapan Laporan Berkelanjutan Perusahaan di Bursa Efek Indonesia Tahun 2022. Owner, 9(2), 765–778.
Rama Pramudia, D., Anam, H., Azizil Yudaruddin, Y., & Saraswati, W. (2025). Pengaruh Koneksi Politik, Mekanisme Tata Kelola, Ukuran Perusahaan Terhadap Kinerja Perusahaan Sektor Perbankan yang Tercatat di Bursa Efek Periode (2021-2023). Jurnal Krisna: Kumpulan Riset Akuntansi, 16(2), 403–410.
Sahrir, Sultan, & Syamsuddin, S. (2021). Pengaruh Koneksi Politik, Intensitas Aset Tetap, Komisaris Independen, Profitabilitas dan Leverage terhadap Tax Avoidance. Jurnal Penelitian Ekonomi Akuntansi (JENSI), 5(1), 14–30.
Salsabilah, A., Eka, W., & Mansur, F. (2021). Pengaruh Mekanisme Tata Kelola Terhadap Pengungkapan Modal Intelektual (Studi Pada Perusahaan Intellectual Capital Intensive Industries di Bursa Efek Indonesia). Jambi Accounting Review (JAR), 1(2).
Saraswati, W., Azizil Yudaruddin, Y., Atmojo, P., Rama Pramudia, D., & Khatimah Alfath, H. (2023). Pengaruh Mekanisme Tata Kelola, Koneksi Politik dan ROA terhadap Manajemen Laba Sektor Barang Konsumsi yang Terdaftar di BEI. Jurnal of Accounting Taxation and Finance, 2(2), 184–194.
Tjandrapurnama, K. K., & Oktaviani, R. M. (2023). Determinans of Sustainability Report Disclosure in Indonesian Listed Banks. Owner, 7(4), 3510–3519.
Trisnawati, R., Dwi Wardati, S., & Putri, E. (2022). The Influence of Majority Ownership, Profitability, Size of the Board of Directors, and Frequency of Board of Commissioners Meetings on Sustainability Report Disclosure. Jurnal Riset Akuntansi Dan Keuangan Indonesia, 7(1), 94–104.
Yusuf, M., Ulfah Rahayu, E., & Mahaputra Riau Kota Pekanbaru, S. (2024). Pengaruh Ukuran Perusahaan Dan Corporate Governance Terhadap Sustainability Report Pada Perusahaan Tambang Batubara Yang Terdaftar Di Jakarta Islamic Index Tahun 2020-2023. Jurnal Rumpun Ekonomi Syariah, 7(2), 288–299.