Comprehensive Corporate Reporting in Emerging Economies: The Role of Political Connections and ‎Corporate Governance in Indonesia

  • Authors

    • Yosefa Sayekti Universitas Jember
    • Ririn Irmadariyani universitas jember
    • Indah Purnamawati universitas jember
    • Bunga Maharani universitas jember
    • Aisa Tri Agustini universitas jember
    • Tazqia Aulia universitas jember
    • Hanun Ria Mardiana universitas jember
    • Charlotte Aulia Putri Sianipar universitas jember
    https://doi.org/10.14419/2rg2mj87

    Received date: September 9, 2025

    Accepted date: November 6, 2025

    Published date: November 14, 2025

  • Comprehensive Corporate Reporting; Political Connections; Corporate Governance

  • Abstract

    This study examines the influence of Political Connections (PC), Corporate Governance (CG), and their interaction on the adoption of Comprehensive Corporate Reporting (CCR) in Indonesia, with a focus on the country's readiness to adopt international sustainability standards. In response to increasing stakeholder demands, companies are increasingly expected to disclose financial and non-‎financial information with transparency and accountability. However, implementation gaps remain, especially among companies with ‎varying political affiliations and governance structures. A quantitative method was used, using panel data from agro-industrial  ‎and high-polluting companies listed on the Indonesia Stock Exchange from 2019 to 2023, resulting in 295 observations. Secondary data was ‎obtained from annual reports, sustainability reports, and publicly available ESG indicators. The analysis applies multiple linear regression to ‎evaluate the determinants of CCR and to test the moderating role of political connections in the relationship between corporate governance ‎and CCR practices. The results show that strong corporate governance encourages higher levels of CCR, while political connections may ‎hinder the level of CCR. On the other hand, when political connections interact with governance mechanisms that support sustainability ‎reporting behavior. The findings contribute to providing empirical evidence on factors affecting the level of CCR, and provide practical ‎recommendations for policymakers, regulators, and corporate actors in improving Indonesia's readiness to comply with international ‎sustainability reporting disclosure standards‎.

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  • How to Cite

    Sayekti, Y., Irmadariyani, R. ., Purnamawati, I., Maharani, B., Agustini, A. T., Aulia, T., Mardiana, H. R., & Sianipar, C. A. P. (2025). Comprehensive Corporate Reporting in Emerging Economies: The Role of Political Connections and ‎Corporate Governance in Indonesia. International Journal of Accounting and Economics Studies, 12(7), 415-421. https://doi.org/10.14419/2rg2mj87