Analysis of Company Size and Profitability on Islamic Social Responsibility Disclosure


  • Sufiati Sufiati Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya, Makassar, Indonesia
  • Rahman Pura Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya, Makassar, Indonesia



Company Size, Profitability, Islamic Social Responsibility, Legitimacy, Responsible Business


The aim of this research is to analyze the determinants of Islamic Social Responsibility disclosure, namely company size and profitability. The research sample is 19 mining sub-sector companies listed on the Indonesian Sharia Stock Index (ISSI). Data were observed during 2019-2020 using the panel data technique, so that as many as 38 data were observed for analysis. Methods of data analysis with multiple regression analysis techniques. The results of the study show that company size has a significant positive effect on Islamic Social Responsibility, while profitability has no significant effect on Islamic Social Responsibility. Original research regarding CSR disclosure based on Islamic concepts in mining companies which are companies that carry out activities that are very sensitive to environmental pollution. Theoretical research implications regarding the development of CSR disclosure within the framework of the Islamic concept. Then practically it becomes a material consideration for company management to reveal Islamic Social Responsibility information


Akhter, F., Hossain, M. R., Elrehail, H., Rehman, S. U., & Almansour, B. (2022). Environmental Disclosures and Corporate Attributes, From the Lens of Legitimacy Theory: a Longitudinal Analysis on a Developing Country. European Journal of Management and Business Economics.

Al-Silefanee, R. R., Mamkhezri, J., Khezri, M., Karimi, M. S., & Khan, Y. A. (2022). Effect of Islamic Financial Development on Carbon Emissions: A Spatial Econometric Analysis. Frontiers in Environmental Science, 10(April), 1–13.

Albuquerque, R., Koskinen, Y., & Zhang, C. (2019). Corporate social responsibility and firm risk: Theory and empirical evidence. Management Science, 65(10), 4451–4469.

Alfiyah, S. N. (2019). Effect of Profitability and Leverage on Disclosure of Corporate Social Responsibility in Islamic Commercial Banks. Journal of Finance and Islamic Banking, 1(2), 133.

Atiqah, & Rahma, Y. (2018). Islamic Corporate Governance and Islamic Social Responsibility Towards Maqashid Shariah. KnE Social Sciences, 3(8), 70.

Backnik, K., Kazmierczak, M., Rojek-Nowosielska, M., Stefanska, M., & Szumniak-Samolej, J. (2022). Corporate Social Responsibility and Sustainability: From Values to Impact. In Routledge 605 Thirtd Avenue,.

Bereznoy, A. (2022). The Climate Stigmatization of the Global Oil and Gas Industry: Response Strategies. Foresight and STI Governance, 16(4), 32–44.

Bhatti, O. K., Alam, M. A., Hassan, A., & Sulaiman, M. (2016). Islamic spirituality and social responsibility in curtailing the workplace deviance. Humanomics, 32(4), 405–417.

Briscese, G., Feltovich, N., & Slonim, R. L. (2021). Who benefits from corporate social responsibility? Reciprocity in the presence of social incentives and self-selection. Games and Economic Behavior, 126, 288–304.

Carroll, A. B. (2016). Carroll’s Pyramid of CSR: Taking Another Look. International Journal of Corporate Social Responsibility, 1(1), 1–8.

Carroll, A. B., & Brown, J. A. (2018). Corporate Social Responsibility: A Review of Current Concepts, Research, and Issues. 39–69.

Darus, F., Yusoff, H., Yatim, N., Ramli, A., & Zain, M. M. (2015). An Islamic CSR Framework: Perception from Practitioners, Academicians and the General Public. Procedia Economics and Finance, 31(15), 495–502.

Deegan, C. (2014). Financial Accounting Theory. In McGraw-Hill Education (4th Editio). McGraw-Hill Education.

Dias, A., Rodrigues, L. L., Craig, R., & Neves, M. E. (2019). Corporate social responsibility disclosure in small and medium-sized entities and large companies. Social Responsibility Journal, 15(2), 137–154.

Diaye, M. A., Lasram, H., & Pekovic, S. (2023). How does CSR affect workers’ compensation? An approach by the theory of incentives. International Journal of Production Economics, 260(April), 108860.

Díez, J. L. G., García, L. C., Campillo, A. M., & Gago, R. F. (2020). The Importance of Firm Size and Development Strategies for CSR Formalisation. Adapting to Environmental Challenges: New Research in Strategy and International Business, 107–131.

El Akremi, A., Gond, J. P., Swaen, V., De Roeck, K., & Igalens, J. (2018). How Do Employees Perceive Corporate Responsibility? Development and Validation of a Multidimensional Corporate Stakeholder Responsibility Scale. Journal of Management, 44(2), 619–657.

Escobar-Sierra, M., García-Cardona, A., & Vera Acevedo, L. D. (2021). How moral outrage affects consumer’s perceived values of socially irresponsible companies. Cogent Business & Management, 8(1).

Esterhuyse, L. (2019). Towards corporate transparency. The Bottom Line, 32(4), 290–307.

Galinato, G. I., Hyland, M., & Islam, A. M. (2022). Does corporate social responsibility benefit society? Evidence from Latin America. Emerging Markets Review, 53(April), 100944.

Girschik, V. (2020). Shared Responsibility for Societal Problems: The Role of Internal Activists in Reframing Corporate Responsibility. Business & Society, 59(1), 34–66.

Gold, S., & Heikkurinen, P. (2018). Transparency fallacy. Accounting, Auditing & Accountability Journal, 31(1), 318–337.

Ha, N. T. Le, & Minh, B. T. (2018). Determinants of Firm Value in Vietnam: A Research Framework. International Journal of Science and Research, 9(1), 626–631.

Hapsoro, D., & Falih, Z. N. (2020). The Effect of Firm Size, Profitability, and Liquidity on The Firm Value Moderated by Carbon Emission Disclosure. Journal of Accounting and Investment, 21(2).

Harun, M. S., Hussainey, K., Mohd Kharuddin, K. A., & Farooque, O. Al. (2020). CSR Disclosure, Corporate Governance and Firm Value: a study on GCC Islamic Banks. International Journal of Accounting and Information Management, 28(4), 607–638.

Hayat, A., & Afshari, L. (2022). CSR and employee well-being in hospitality industry: A mediation model of job satisfaction and affective commitment. Journal of Hospitality and Tourism Management, 51(April), 387–396.

Hussain, A., Khan, M., Rehman, A., Sahib Zada, S., Malik, S., Khattak, A., & Khan, H. (2021). Determinants of Islamic Social Reporting in Islamic Banks of Pakistan. International Journal of Law and Management, 63(1), 1–15.

Ipsen, K. L., Zimmermann, R. K., Nielsen, P. S., & Birkved, M. (2019). Environmental assessment of Smart City Solutions using a coupled urban metabolism—life cycle impact assessment approach. The International Journal of Life Cycle Assessment, 24(7), 1239–1253.

Kalbuana, N., Sutadipraja, M. W., Purwanti, T., & Santoso, D. (2019). Pengaruh Profitabilitas, Leverage, Kinerja Lingkungan Terhadap Pengungkapan Islamic Social Reporting (Studi Empiris pada Perusahaan yang Terdaftar di JII Tahun 2013-2017). AKTSAR: Jurnal Akuntansi Syariah, 2(2), 233.

Khan, P. A., & Johl, S. K. (2019). Nexus of Comprehensive Green Innovation, Environmental Management System-14001-2015 and Firm Performance. Cogent Business & Management, 6(1).

Khosroshahi, H., Dimitrov, S., & Hejazi, S. R. (2021). Pricing, greening, and transparency decisions considering the impact of government subsidies and CSR behavior in supply chain decisions. Journal of Retailing and Consumer Services, 60(January), 102485.

La Brooy, C., Pratt, B., & Kelaher, M. (2020). What is the role of consensus statements in a risk society? Journal of Risk Research, 23(5), 664–677.

Lee, T. H., & Comello, M. L. (Nori) G. (2019). Transparency and Industry Stigmatization in Strategic CSR Communication. Management Communication Quarterly, 33(1), 68–85.

Leite, R. C. M., & Padgett, R. C. (2011). Historical Background of Corporate Social Responsibility. Social Responsibility Journal, 7(4), 528–539.

Loor-Zambrano, H. Y., Santos-Roldán, L., & Palacios-Florencio, B. (2022). Relationship CSR and employee commitment: Mediating effects of internal motivation and trust. European Research on Management and Business Economics, 28(2).

Maham, R., & Bhatti, O. K. (2019). Impact of Taqwa (Islamic piety) on employee happiness: A study of Pakistan’s banking sector. Cogent Business & Management, 6(1).

Md Mashud, A. H., Pervin, M., Mishra, U., Daryanto, Y., Tseng, M. L., & Lim, M. K. (2021). A sustainable inventory model with controllable carbon emissions in green-warehouse farms. Journal of Cleaner Production, 298, 126777.

Michelon, G., Rodrigue, M., & Trevisan, E. (2020). The marketization of a social movement: Activists, shareholders and CSR disclosure. Accounting, Organizations and Society, 80, 101074.

Müller, J. M., & Voigt, K. I. (2018). Sustainable Industrial Value Creation in SMEs: A Comparison between Industry 4.0 and Made in China 2025. International Journal of Precision Engineering and Manufacturing - Green Technology, 5(5), 659–670.

Nguyen, T. H. H., Elmagrhi, M. H., Ntim, C. G., & Wu, Y. (2021). Environmental performance, sustainability, governance and financial performance: Evidence from heavily polluting industries in China. Business Strategy and the Environment, 30(5), 2313–2331.

Platonova, E., Asutay, M., Dixon, R., & Mohammad, S. (2018). The Impact of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from the GCC Islamic Banking Sector. Journal of Business Ethics, 151(2), 451–471.

Qoyum, A., Mutmainah, L., Setyono, J., & Qizam, I. (2017). The Impact of Good Corporate Governance , Company Size and Corporate Social Responsibility Disclosure : Case Study of Islamic Banking in Indonesia. IQTISHADIA, Jurnal Kajian Ekonomi Dan Bisnis Islam, 10(1), 130–159.

Ranjbari, M., Shams Esfandabadi, Z., Zanetti, M. C., Scagnelli, S. D., Siebers, P. O., Aghbashlo, M., Peng, W., Quatraro, F., & Tabatabaei, M. (2021). Three pillars of sustainability in the wake of COVID-19: A systematic review and future research agenda for sustainable development. Journal of Cleaner Production, 297, 126660.

Sardana, D., Gupta, N., Kumar, V., & Terziovski, M. (2020). CSR ‘sustainability’ practices and firm performance in an emerging economy. Journal of Cleaner Production, 258, 120766.

Siregar, S. V., & Bachtiar, Y. (2010). Corporate Social Reporting: Empirical Evidence From Indonesia Stock Exchange. International Journal of Islamic and Middle Eastern Finance and Management, 3(3), 241–252.

Siwar, C., & Hossain, M. T. (2009). An analysis of Islamic CSR concept and the opinions of Malaysian managers. Management of Environmental Quality: An International Journal, 20(3), 290–298.

Soewarno, N., Tjahjadi, B., & Fithrianti, F. (2019). Green innovation strategy and green innovation: The roles of green organizational identity and environmental organizational legitimacy. Management Decision, 57(11), 3061–3078.

Sukardi, B., Widiatmini, W., & Fachrurazi, F. (2022). Islamic Social Reporting Factors For The Indonesian Islamic Commercial Banks. JPS (Jurnal Perbankan Syariah), 3(1), 1–13.

Syahierah, R., & Larasati, A. (2019). Does Company Size and Profitability Affect Corporate Social Responsibility Disclosure? Asian Journal of Islamic Management (AJIM), 1(1), 38–50.

Tafti, S. F., Hosseini, S. F., & Emami, S. A. (2012). Assessment the Corporate Social Responsibility According to Islamic Values (Case Study: Sarmayeh Bank). Procedia - Social and Behavioral Sciences, 58(October 2012), 1139–1148.

Tate, W. L., & Bals, L. (2018). Achieving Shared Triple Bottom Line (TBL) Value Creation: Toward a Social Resource-Based View (SRBV) of the Firm. Journal of Business Ethics, 152(3), 803–826.

Thinh, T. Q. (2021). Influence of Profitability on Responsibility Accounting Disclosure - Empirical Study of Vietnamese Listed Commercial Banks. Banks and Bank Systems, 16(2), 119–126.

Van Buren, H. J., Syed, J., & Mir, R. (2020). Religion as a Macro Social Force Affecting Business: Concepts, Questions, and Future Research. Business & Society, 59(5), 799–822.

Wagner-Tsukamoto, S. (2019). In search of ethics: from Carroll to integrative CSR economics. Social Responsibility Journal, 15(4), 469–491.

Wardani, M. K., & Sari, D. D. (2018). Disclosure of Islamic Social Reporting in Sharia Banks: Case of Indonesia and Malaysia Marita. Journal of Finance and Islamic Banking, 1(2), 164–179.

Yadav, I. S., Pahi, D., & Gangakhedkar, R. (2022). The Nexus Between Firm Size, Growth and Profitability: New Panel Data Evidence From Asia–Pacific Markets. European Journal of Management and Business Economics, 31(1), 115–140.

Younis, H., Sundarakani, B., & O’Mahony, B. (2020). Investigating the relationship between green supply chain management and corporate performance using a mixed method approach: Developing a roadmap for future research. IIMB Management Review, 32(3), 305–324.




How to Cite

Sufiati, S., & Pura, R. (2023). Analysis of Company Size and Profitability on Islamic Social Responsibility Disclosure. Economics, Business, Accounting & Society Review, 2(2), 110–119.