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Indonesian mining companies’ social responsibility performance: the role of ownership structure and sharia compliance

Implementing and communicating Corporate Social Responsibility (CSR) is the primary foundation for businesses to accomplish the Sustainable Development Goals. In this perspective, mining operations are seen as one of the most harmful corporate activities when compared to other businesses that utiliz...

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Main Authors: Muhamad Umar Mai, Mochamad Edman Syarief, Iwan Setiawan, Dian Imanina Burhany, Nafisah Ruhana, Hanudin Amin, Mohd Raziff Jamaluddin
Format: Article
Language:English
English
Published: Informa UK Limited, trading as Taylor & Francis Group 2024
Subjects:
HC79 Special topics Including air pollution, automation, consumer demand, famines, flow of funds, etc.
HG1-9999 Finance
Online Access:https://eprints.ums.edu.my/id/eprint/42082/1/ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/42082/2/FULL%20TEXT.pdf
https://eprints.ums.edu.my/id/eprint/42082/
https://doi.org/10.1080/23311975.2024.2396738
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spelling my.ums.eprints.420822024-11-29T05:02:47Z https://eprints.ums.edu.my/id/eprint/42082/ Indonesian mining companies’ social responsibility performance: the role of ownership structure and sharia compliance Muhamad Umar Mai Mochamad Edman Syarief Iwan Setiawan Dian Imanina Burhany Nafisah Ruhana Hanudin Amin Mohd Raziff Jamaluddin HC79 Special topics Including air pollution, automation, consumer demand, famines, flow of funds, etc. HG1-9999 Finance Implementing and communicating Corporate Social Responsibility (CSR) is the primary foundation for businesses to accomplish the Sustainable Development Goals. In this perspective, mining operations are seen as one of the most harmful corporate activities when compared to other businesses that utilize natural resources; therefore, these companies must strongly implement and demonstrate higher CSR. The Feasible Generalized Least Squares (FGLS) model was employed in this study to investigate the role of ownership structure and Sharia compliance in improving the CSR performance of Indonesian mining companies that were operated between 2012 and 2021. The findings reveal that institutional ownership, foreign ownership, and Sharia compliance are essential factors in increasing mining companies’ CSR performance, but state ownership and ownership concentration are not. This study addresses a vacuum in the current CSR literature for mining businesses. Furthermore, it gives extra information and insight for practitioners, including the Indonesian government as the CSR regulator, investors, management, and non-governmental organizations (NGOs). This is one of the first studies to examine ownership structure and Sharia compliance in relation to mining companies’ CSR performance, notably in Indonesia, Feasible Generalized Least Squares. Informa UK Limited, trading as Taylor & Francis Group 2024 Article NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/42082/1/ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/42082/2/FULL%20TEXT.pdf Muhamad Umar Mai and Mochamad Edman Syarief and Iwan Setiawan and Dian Imanina Burhany and Nafisah Ruhana and Hanudin Amin and Mohd Raziff Jamaluddin (2024) Indonesian mining companies’ social responsibility performance: the role of ownership structure and sharia compliance. Cogent Business & Management, 11 (1). pp. 1-18. https://doi.org/10.1080/23311975.2024.2396738
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HC79 Special topics Including air pollution, automation, consumer demand, famines, flow of funds, etc.
HG1-9999 Finance
spellingShingle HC79 Special topics Including air pollution, automation, consumer demand, famines, flow of funds, etc.
HG1-9999 Finance
Muhamad Umar Mai
Mochamad Edman Syarief
Iwan Setiawan
Dian Imanina Burhany
Nafisah Ruhana
Hanudin Amin
Mohd Raziff Jamaluddin
Indonesian mining companies’ social responsibility performance: the role of ownership structure and sharia compliance
description Implementing and communicating Corporate Social Responsibility (CSR) is the primary foundation for businesses to accomplish the Sustainable Development Goals. In this perspective, mining operations are seen as one of the most harmful corporate activities when compared to other businesses that utilize natural resources; therefore, these companies must strongly implement and demonstrate higher CSR. The Feasible Generalized Least Squares (FGLS) model was employed in this study to investigate the role of ownership structure and Sharia compliance in improving the CSR performance of Indonesian mining companies that were operated between 2012 and 2021. The findings reveal that institutional ownership, foreign ownership, and Sharia compliance are essential factors in increasing mining companies’ CSR performance, but state ownership and ownership concentration are not. This study addresses a vacuum in the current CSR literature for mining businesses. Furthermore, it gives extra information and insight for practitioners, including the Indonesian government as the CSR regulator, investors, management, and non-governmental organizations (NGOs). This is one of the first studies to examine ownership structure and Sharia compliance in relation to mining companies’ CSR performance, notably in Indonesia, Feasible Generalized Least Squares.
format Article
author Muhamad Umar Mai
Mochamad Edman Syarief
Iwan Setiawan
Dian Imanina Burhany
Nafisah Ruhana
Hanudin Amin
Mohd Raziff Jamaluddin
author_facet Muhamad Umar Mai
Mochamad Edman Syarief
Iwan Setiawan
Dian Imanina Burhany
Nafisah Ruhana
Hanudin Amin
Mohd Raziff Jamaluddin
author_sort Muhamad Umar Mai
title Indonesian mining companies’ social responsibility performance: the role of ownership structure and sharia compliance
title_short Indonesian mining companies’ social responsibility performance: the role of ownership structure and sharia compliance
title_full Indonesian mining companies’ social responsibility performance: the role of ownership structure and sharia compliance
title_fullStr Indonesian mining companies’ social responsibility performance: the role of ownership structure and sharia compliance
title_full_unstemmed Indonesian mining companies’ social responsibility performance: the role of ownership structure and sharia compliance
title_sort indonesian mining companies’ social responsibility performance: the role of ownership structure and sharia compliance
publisher Informa UK Limited, trading as Taylor & Francis Group
publishDate 2024
url https://eprints.ums.edu.my/id/eprint/42082/1/ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/42082/2/FULL%20TEXT.pdf
https://eprints.ums.edu.my/id/eprint/42082/
https://doi.org/10.1080/23311975.2024.2396738
_version_ 1817843855401156608
score 13.223943

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