Determinants of Corporate Social Responsibility Disclosure in Food and Beverage Sub-Sector Companies Listed on the Indonesia Stock Exchange (2020–2024)

Abstract

Corporate Social Responsibility (CSR) disclosure has become an important aspect of corporate transparency as stakeholders increasingly demand information regarding companies’ social and environmental responsibilities. This study aims to examine the effects of firm size, profitability, and audit quality on Corporate Social Responsibility Disclosure (CSRD) among food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This research employs a quantitative  approach using secondary data obtained from annual reports and sustainability reports. The sample consists of 24 companies selected through purposive sampling, resulting in 120 firm-year observations. CSR disclosure is measured using the Corporate Social Responsibility Disclosure Index (CSRDI) based on the Global Reporting Initiative (GRI) 2021 Standards. The data were analyzed using multiple linear regression with SPSS Statistics version 26. The results indicate that firm size, profitability, and audit quality simultaneously affect CSR disclosure. Partially, audit quality has a significant positive effect on CSR disclosure, while profitability has a significant negative effect. Meanwhile, firm size has a positive but insignificant effect on CSR disclosure. These findings highlight the important role of audit quality in improving CSR transparency and indicate that financial performance and company characteristics do not always determine CSR disclosure practices.