The Effect of Financial and Non-Financial Factors on Islamic Social Reporting Disclosures
Keywords:
Islamic Social Reporting Disclosure, Profitability, Liquidity, Leverage, Islamic Governance Score, Investment Account HolderAbstract
The disclosure of Islamic Social Reporting (ISR) is crucial in order to convey its responsibility to report a company's social responsibility to stakeholders, with the aim of keeping the company free from social deviations and positively impacting its reputation. The main objective of this study is to analyze the financial and non-financial factors that
are suspected to have an influence on ISR disclosure. Financial factors include profitability, liquidity, and leverage, while non-financial factors include the Islamic governance score and investment account holder. The sample in this study consists of 9 Islamic commercial banks registered with the Financial Services Authority (OJK) continuously for the period 2018-2022, resulting in 45 observational data. This study employs panel data regression analysis using the EVIEWS version 12. The results of the analysis show that investment account holders have a positive influence on ISR disclosure, while profitability has a negative influence. However, the results of the analysis do not support the influence of liquidity, leverage, and the Islamic governance score on ISR disclosure. It is expected that this research can empirically contribute to ISR disclosure and practically be used as input for regulators at the Financial Services Authority (OJK).
References
Abadi, M. T., Mubarok, M. S., & Sholihah, R. A. (2020). Implementasi Islamic Social Reporting Index Sebagai Indikator Akuntabilitas Sosial Bank Syariah. Al-
Insyiroh: Jurnal Studi Keislaman, 6(1), 1–25.
https://doi.org/10.35309/alinsyiroh.v6i1.3813
Arianugrahini, I., & Firmansyah, E. A. (2020). Determinan Pengungkapan Islamic
Social Reporting (ISR) pada Perbankan Syariah di Indonesia (Determinants of
Islamic Social Reporting (ISR) Disclosure at Islamic Commercial Banks in
Indonesia). Perisai : Islamic Banking and Finance Journal, 4(2), 88–101.
https://doi.org/10.21070/perisai.v4i2.841
Ariswari, P. M. A., & Damayanthi, E. I. G. A. (2019). Pengaruh Profitabilitas,
Leverage, dan Kepemilikan Manajemen pada Pengungkapan CSR dengan
Ukuran Perusahaan sebagai Variabel Kontrol. E-Jurnal Akuntansi, 29(1), 372.
https://doi.org/10.24843/eja.2019.v29.i01.p24
Astuti, W., & Nurkhin, A. (2019). The role of Islamic Governance on Islamic social
reporting disclosure of Indonesia Islamic Banks. Conference on Islamic
Management Accounting and Economics, 26–36.
Bank Indonesia. (2004). Peraturan Bank Indonesia Nomor : 6/24/Pbi/2004 Tentang
Bank Umum Yang Melaksanakan Kegiatan Usaha Berdasarkan Prinsip Syariah.
Bank Indonesia, 117.
http://www.bi.go.id/id/peraturan/perbankan/Pages/pbi_82106.aspx
Cahya, B. T., Restuti, D. P., & Sifah, N. (2018). Pengungkapan Islamic Social Reporting
( Isr ) Dan Karakteristik Perusahaan Yang Terdaftar Di Jakarta Islamic Index 70
( Jii70 ). JEBI (Jurnal Ekonomi Dan Bisnis Islam), 3.
Dewi, M. A., & Putri, C. M. (2018). Analisis Faktor-Faktor Yang Memengaruhi
Pengungkapan Islamic Social Reporting. Reviu Akuntansi Dan Bisnis Indonesia,
(2), 107–115. https://doi.org/10.18196/rab.020225
Dowling, J., & Pfeffer, J. (1975). Pacific Sociological Association Organizational
Legitimacy: Social Values and Organizational Behavior. Source: The Pacific
Sociological Review, 18(1), 122–136.
Ekawati, & Anhar, M. (2020). Pengaruh Profitabilitas, Dewan Pengawas Syariah dan
Investment Account Holder terhadap Pengungkapan Islmaic Social Reporting.
Jurnal Fakultas Ekonomi Departemen Akuntansi Sekolah Tinggi Ilmu Ekonomi
Indonesia, 1–18.
https://www.ejurnal.bunghatta.ac.id/index.php/JFEK/article/view/14546
Faizah, Y. L. N., & Hartiyah, S. (2018). Pengaruh Islamic Governance Score, Leverage,
Ukuran Perusahaan, dan Ukuran Dewan Komisaris Terhadap Kesehatan
Finansial Bank Umum Syariah (Studi Empiris di BEI Periode 2013 Sampai 2016).
Journal of Economic, Management, Accounting and Technology, 1(1), 53–64.
https://doi.org/10.32500/jematech.v1i1.212
Guntarto, R., & Nugroho, I. A. (2020). Pengaruh Likuiditas dan Leverage Terhadap
Pengungkapan Islamic Social Reporting dengan Profitabilitas sebagai Variabel
Pemoderasi. Jurnal Ekonomi Islam, 11(November 2020), 159–172.
Handayani, L., & Budi Yanti, H. (2023). Pengaruh Shariah Governance, Capital
Adequacy Ratio (CAR), dan Financing to Deposit Ratio (FDR) Terhadap
Pengungkapan Islamic Social Reporting. COMSERVA Indonesian Jurnal of
Community Services and Development, 2(10), 2223–2237.
https://doi.org/10.59141/comserva.v2i10.634
Hasanah, N. T., Widiyanti, N. W., & Sudarno, S. (2018). Analisis Pengaruh GCG dan
Kinerja Keuangan Terhadap Pengungkapan Islamic Social Reporting (ISR). E-
Journal Ekonomi Bisnis Dan Akuntansi, 5(2), 115.
https://doi.org/10.19184/ejeba.v5i2.8645
Hasibuan, K. F., Hasibuan, A. N., & Mendrofa, S. L. (2023). Pengaruh Ukuran
Perusahaan, Profitabilitas Dan Komite Audit Terhadap Pengungkapan Islamic
Social Reporting. Journal Of Social Science Research, 3(3), 7196–7204.
Jati, K. W., Agustina, L., Muliasari, I., & Armeliza, D. (2020). Islamic social reporting
disclosure as a form of social responsibility of Islamic banks in Indonesia. Banks
and Bank Systems. https://doi.org/10.21511/bbs.15(2).2020.05
Juniar, C. I., Fakhruddin, I., Santoso, S. B., & Azizah, S. N. (2023). The Effect of
Financial and Non-Financial Performance on Islamic Social Reporting.
Indonesian Journal Of Business Analytics, 3(2), 539–554.
Khasanah, I., & Mais, R. G. (2020). Pengaruh Dewan Pengawas Syariah, Ukuran
Perusahaan, Profitabilitas, dan Leverage terhadap Pengungkapan Islamic Social
Reporting. Sekolah Tinggi Ilmu Indonesia, 1–18.
Lianti, A., Zulaecha, H. E. Z., Hamdani, & Mubbarok, A. Z. (2022). Pengaruh
Leverage, Profitabilitas, Ukuran Perusahaan, Umur Perusahaan, Komisaris
Independen, Kecukupan Modal Terhadap Pengungkapan Islamic Social
Reporting. Jurnal Ekonomi, Bisnis Dan Manajemen, 1(4), 55–81.
https://doi.org/10.58192/ebismen.v1i4.148
Lidyah, R., Akbar, D. A., & Africano, F. (2017). Islamic Governance , Investment
Account Holder , Profitability , Ukuran Perusahaan Dan Corporate Social
Responsibility Bank Umum Syariah. Seminar Nasional Teknologi Informasi, Bisnis,
Dan Desain 2017, 1–30.
Lindawati, A. S. L., & Puspita, M. E. (2015). Corporate Social Responsibility: Implikasi
Stakeholder dan Legitimacy Gap dalam Peningkatan Kinerja Perusahaan. Jurnal
Akuntansi Multiparadigma, 157–174. https://doi.org/10.18202/jamal.2015.04.6013
Mais, R. G., & Alawiyah, T. (2020). Pengaruh Profitabilitas, Leverage, Likuiditas, dan
Dewan Komisaris Independen Terhadap Pengungkapan Islamic Social
Reporting (ISR) Pada Perbankan Syariah Di Indonesia Tahun 2015-2018. Jurnal
STEI Ekonomi, 29(02), 57–77. https://doi.org/10.36406/jemi.v29i2.339
Mais, R. G., & Lufiani, N. (2018). Pengaruh Sharia Governance Structure terhadap
Pengungkapan CSR Berdasarkan Islamic Social Reporting Index. Jurnal
Akuntansi Dan Manajemen, 15(01), 83–100.
https://doi.org/10.36406/jam.v15i01.145
Mais, R. G., Munir, & Wulansari, S. S. (2023). the Effect of Islamic Governance Score
and Investment Account Holder on the Disclosure of Islamic Social Reporting At
Islamic Banks in Indonesia. Jurnal Akuntansi, 13(1), 28–33.
https://doi.org/10.46806/ja.v13i1.1031
Meliana, Jeandry, G., & Taher, J. (2022). Pengaruh Ukuran Perusahaan, Profitabilitas,
Leverage Dan likuiditas Terhadap Pengungkapan Islamic Social Reporting (ISR)
Pada Bank Umum Syariah Di Indonesia Tahun 2015-2019. Jurnal TRUST Riset
Akuntansi, 9(2), 1–15.
Mukhibad, H. (2018). Peran Dewan Pengawas Syariah Dalam Pengungkapan Islamic
Sosial Reporting. Jurnal Akuntansi Multiparadigma, 9(2), 299–311.
https://doi.org/10.18202/jamal.2018.04.9018
Mustofa, I. A., & Efendi, S. N. (2023). Determinan Islamic Sosial Responbility ( ISR )
pada Bank Umum Syariah di Indonesia. Jurnal Pendidikan Tambusai, 7(2), 18863–
Nastiti, A. S. (2018). Prosiding 4th Seminar Nasional dan Call for Papers Fakultas
Ekonomi Universitas Muhammadiyah Jember Hal. Prosiding Ekonomi Kreatif Di
Era Digital, 1(1), 362–375. www.Unilever.co.id
Ningsih, T. W. (2021). Pengaruh Islamic Corporate Governance Terhadap Pengungkapan Islamic Social. Jurnal Ilmu Ekonomi Dan Bisnis Islam - JIEBI, 3(1).
Nusron, L. A., & Diansari, R. E. (2021). Islamic Social Reporting (Isr) Pada Perbankan
Syariah Di Indonesia. Jurnal Ilmiah Ekonomi Dan Bisnis, 18(1), 65–73.
Othman, R., Thani, A. M., & Ghani, E. K. (2009). Determinants Of Islamic Social
Reporting Among Top Shariah -Approved Companies In Bursa Malaysia.
Research Journal of International Studies, 12(12), 4–20.
Pangesti, E. T., & Pramono, N. H. (2022). Faktor-Faktor yang Mempengaruhi
Pengungkapan Islamic Social Reporting pada Bank Syariah di Indonesia. JIEF :
Journal of Islamic Economics and Finance, 2(1), 94–110.
https://doi.org/10.28918/jief.v2i1.5436
Pardanty, A. S., & Yuliandhari, W. S. (2021). Effect of Profitability, Company Size,
and Company Age To Islamic Social Reporting Disclosure. E-Proceeding of
Management, 8(6), 8419–8426.
Peraturan Pemerintah RI. (2007). Undang-Undang Republik Indonesia Nomor 40 Tahun
Tentang Perseroan Terbatas. http://digilib.unila.ac.id/4949/15/BAB II.pdf
Prasetyoningrum, A. K. (2019). Pengaruh Ukuran Perusahaan, Profitabilitas,
Leverage, Efisiensi Biaya, Dan Umur Perusahaan Terhadap Islamic Social
Reporting (ISR) Pada Perbankan Syariah Di Indonesia. MALIA: Journal of Islamic
Banking and Finance, 2(2), 147. https://doi.org/10.21043/malia.v2i2.4780
Pratomo, J., & Nugrahanti, T. P. (2022). Analisis Pengaruh Pengungkapan Islamic
Social Reporting Pada Bank Umum Syariah. Jurnal Ilmiah Multi Disiplin Indonesia
(HUMANTECH), 2(1), 274–283.
Purwani, T., Nurlaela, S., & Wijayanti, A. (2018). Size, Profitabilitas, Likuiditas,
Leverage dan Tax Avoidance Terhadap Pengungkapan Islamic Social Reporting
di Indeks Saham Syariah. Indonesian Economics Business and Management Research,
(1), 110–117. http://journal.uniba.ac.id/index.php/IJEBMR/article/view/114/110
Rahmawati, D., Badina, T., Rosiana, R., & Fatoni, A. (2022). Pengaruh Ukuran
Perusahaan, Profitabilitas, Leverage, Efisiensi Biaya, Umur Perusahaan dan
Ukuran Dewan Pengawas Syariah Terhadap Islamic Social Reporting Pada
Perbankan Syariah Di Indonesia Periode 2016-2020. Jurnal Rekognisi Ekonomi
Islam, 1(1), 186–201.
Rahmawati, U., & Supriatin, D. (2020). Faktor – Faktor Yang Mempengaruhi Tingkat
Pengungkapan Islamic Social Reporting (Isr) (Studi Empiris Pada Bank Umum
Syari’Ah Yang Ada Di Indonesia Periode (2015-2018). Sekolah Tinggi Ilmu Ekonomi Indonesia, 1–16. http://repository.stei.ac.id/id/eprint/2046
Risqi, M. I. M., & Septriarini, D. F. (2021). Determinan Pengungkapan Islamic Social
Reporting (Isr) Oleh Bank Syariah Di Indonesia Dan Malaysia. Jurnal Ekonomi
Syariah Teori Dan Terapan, 8(4), 413. https://doi.org/10.20473/vol8iss20214pp413-
Riyanti, B. (2021). Islamic Social Reporting Bank Syariah di Indonesia : Fokus Pada
Islamic Governance Score, Ukuran Perusahaan, Profitabilitas, Likuiditas dan
Leverage. Magisma: Jurnal Ilmiah Ekonomi Dan Bisnis, 9(2), 110–124.
https://doi.org/10.35829/magisma.v9i2.148
Rosiana, R., Arifin, B., & Hamdani, M. (2015). Pengaruh Ukuran Perusahaan,
Profitabilitas, Leverage dan Islamic Governance Score Terhadap Pengungkapan
Islamic Social Reporting. Esensi Jurnal Bisnis Dan Manajemen, 5(1), 87–104.
Safitri, F., & Rofiuddin, M. (2021). Pengungkapan islamic social reporting yang
dimoderasi komisaris independen dengan teknik moderated regression
analysis. Journal of Accounting and Digital Finance, 1(2), 138–152.
https://doi.org/10.53088/jadfi.v1i2.154
Setiawan, R., Mauluddi, H. A., & Hermawan, D. (2021). Analisis Islamic Social
Reporting pada Perbankan Syariah di Indonesia. Journal of Applied Islamic
Economics and Finance, 1(3), 572–585. https://doi.org/10.35313/jaief.v1i3.2594
Setiawati, A., Uzliawati, L., & Yulianto, A. S. (2023). Pengaruh Profitabilitas, Ukuran
Perusahaan, Dan Umur Perusahaan Terhadap Islamic Social Reporting
Disclosure. Edunomika, 4(1), 88–100.
Sunarto, Y. K., Hariyanti, W., & Harjito, Y. (2020). Analisis Faktor-Faktor Yang
Mempengaruhi Pengungkapan Islamic Social Reporting Pada Bank Umum
Syariah Di Indonesia 2014-2018. Balance, 12(2), 25–40.
Tania, M. &. (2019). Pengaruh Debt Equity Ratio, Pertumbuhan Aset, Perputaran
Modal Kerja, Dan Corporate Social Responsibility Terhadap Profitabilitas. Jurnal
Akuntandi Dan Keuangan, 8(2), 139–155.
Taufik, T., Widiyanti, M., & Rafiqoh, R. (2015). Pengaruh Islamic Governance Score,
Leverage Dan Profitabilitas Terhadap Islamic Social Reporting Indexpada Bank
Umum Syariah Di Indonesia. Jurnal Manajemen Dan Bisnis Sriwijaya, 13(2), 177–
https://doi.org/10.29259/jmbs.v13i2.3348
Undang-Undang Republik Indonesia Nomor 40 Tahun 2007 Tentang Perseroan Terbatas, (2007). https://www.ojk.go.id/sustainable-
finance/id/peraturan/undang-undang/Documents/5. UU-40-2007 PERSEROAN
TERBATAS.pdf
Utami, D. E., & Irawati, Z. (2021). The role of the financial and macroeconomy
industry on the development of the sukuk (Sharia compliant bonds) market: The
case of Indonesia. Academic Journal of Interdisciplinary Studies, 10(4), 225-236.
Utari, A. S., Suryana, & Wulandari, N. S. (2020). Faktor-Faktor Yang Mempengaruhi
Corporate Social Resposibility Dengan Metode Islamic Social Reporting. Journal
of the European Academy of Dermatology and Venereology, 34(8), 709.e1-709.e9.
http://dx.doi.org/10.1016/j.jaad.2013.01.032
Widyanti, A. D., & Cilarisinta, N. (2020). Pengaruh Profitabilitas, Kepemilikan
Institusional dan Kinerja Lingkungan Terhadap Islamic Social Reporting.
Kompartemen: Jurnal Ilmiah Akuntansi, 18(2), 99–109.
https://doi.org/10.30595/kompartemen.v18i2.7700
Wijaya, N., M. Rasuli, & Rofika, R. (2020). Tingkat Pengungkapan Islamic Social
Reporting Pada Bank Umum Syariah. CURRENT: Jurnal Kajian Akuntansi Dan
Bisnis Terkini, 1(3), 457–477. https://doi.org/10.31258/jc.1.3.458-474
Wulandari, F. (2019). The Role Of Citizenship Behavior Of Alumni Towards Their
Almamater: A Driver Of Financial And Social Giving Behaviour. Jurnal
Manajemen dan Pemasaran Jasa, 12(2), 191-206.
Wulandari, F., & Wardani, M. K. (2024). Open innovation in village-owned
enterprises: the role of entrepreneurial orientation in improving financial and
social performance. Cogent Business & Management, 11(1), 2350079.
Yentisna, Y., & Alvian, A. (2019). Pengaruh Profitabilitas, Likuiditas Dan Leverage
Terhadap Islamic Social Reporting Pada Bank Umum Syariah di Indonesia.
Menara Ilmu, XIII(10), 80–88.
