Corporate Social Responsibility Disclosure in Indonesia’s Food and Beverage Sector: Economic and Institutional Determinants in Support of Sustainable Agrifood Systems

In an era of rapid change, businesses must undergo constant evolution to maintain competitiveness while mitigating the potential for exacerbating social inequality and environmental harm. Failure to implement and transparently communicate corporate social responsibility (CSR) initiatives can jeopardize not only a company's reputation and market position, but also its legal standing and long-term viability. Consequently, this investigation aims to inspect the concurrent and partial effects of firm size, gender diversity, and profitability on the CSR disclosure level in food and beverage sub-sector businesses registered on the Indonesia Stock Exchange (IDX) from 2014 to 2023. This investigation employs quantitative, descriptive, and analytical techniques. This investigation utilized panel data regression as the analytical method. The purposive sampling technique yielded 8 data points annually on food and beverage sub-sector companies registered on the IDX between 2014 and 2023. The investigation's findings indicate that gender diversity, business size, and profitability simultaneously impact CSR disclosure, while the firm size variable solely influences CSR disclosure, not gender diversity or profitability. The practical implications of prioritizing CSR implementation in the food and beverage sub-sector are significant. Firms must ensure that CSR practices are effectively disclosed to stakeholders and integrate CSR considerations into their overall business strategy. This study provides new insights into the drivers of sustainable agrifood systems by identifying corporate and institutional drivers of CSR disclosure in Indonesia's food and beverage industry, a key sector of the agricultural economy.