Ida Bagus Agung Adhyayana, Gerianta Wirawan Yasa. "The Relationship between Gender Diversity and Government Ownership with Corporate Social Responsibility" International Research Journal of Economics and Management Studies, Vol. 3, No. 7, pp. 373-380, 2024.
The company always strives to gain public trust. In general, these efforts involve implementing corporate social responsibility (CSR) activities as a form of company concern for society and the environment. This research aims to determine the relationship between gender diversity and government ownership and CSR. The samples used were companies that published annual reports with an observation period of 2021 and 2022. The research was conducted by examining 82 companies from all companies listed on the Indonesia Stock Exchange that had ESG scores to proxy for CSR, and data was obtained using a nonprobability sampling method with a purposive sampling technique. Multiple linear regression analysis was carried out with the STATA analysis tool. Gender diversity and government ownership were applied as independent variables, and profitability was applied as a control variable in this research. Legitimacy theory is implemented to explain the basis of the research. The results of the analysis show that gender diversity does not have a positive relationship with CSR, while government ownership has a positive relationship with CSR. This research implies that women as members of the board of directors and commissioners do not provide an increase in CSR, but rather, the presence of the government in the shareholder structure makes a strong contribution to supporting and complying with CSR regulations. Boards in companies can contribute additional information with decision-making efforts when reporting CSR activities and the importance of the government in creating firm policies regarding company activities in CSR activities.
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