Sustainability Performance of State-owned and Private Banks Amid the COVID-19 Pandemic


The COVID-19 pandemic has compelled companies worldwide to explore their corporate responsibility toward the environment and society and achieve the global sustainability goals. Some are pessimistic, while others predict that companies will increase their sustainability disclosures amid the pandemic. Using panel data regression of nine banks listed on the Indonesia Stock Exchange, the authors found a significant increase in sustainability disclosure during the pandemic. The increase occurred in total and in every dimension of sustainability (economic, environmental, and social). In addition, they found that state-owned banks disclosed more than private banks during the research period.

Keywords: disclosure, sustainability, pandemic, state-owned banks

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