Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/317607 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Business Economics and Management (JBEM) [ISSN:] 2029-4433 [Volume:] 23 [Issue:] 6 [Year:] 2022 [Pages:] 1334-1350
Publisher: 
Vilnius Gediminas Technical University, Vilnius
Abstract: 
The government in emerging economies often moves firstly in issuing regulations to push the firms follow some social commitments. Natural resource-based firms in Indonesia are the first movers to be required for mandatory CSR disclosure. This study explores how the efficiency of those firms was affected under such the regulations. The sample includes Indonesian firms listed on the Indonesia stock exchange in 2009-2019, and the data is analysed by data envelopment analysis and difference-in-differences method with 506 treatment and 2,536 control firm-year observations. The results express the positive impact of mandatory CSR disclosure on firm efficiency. This study also suggests the policy makers to provide clear standards in regulations, and consider expanding the applicable objects. Managers should utilize this regulation as an effective tool to develop and manage the companies' annual plan, and improve firm performance.
Subjects: 
mandatory CSR disclosure
firm efficiency
natural resource-based firms
emerging economy
data envelopment analysis
difference-in-differences
JEL: 
M14
K20
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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