Do Gen X directors have implement different CSR performance? A case of ESG leader companies in Indonesia
List of Authors
  • Rahassanti Recta Regitya , Yunieta Anny Nainggolan

Keyword
  • Corporate governance, corporate social responsibility performance, generational differences, Generation X

Abstract
  • In 2020, Indonesian government started to encourage all Indonesian companies to implement the ESG (Environment, Social, Governance) principles. To make such a responsible decision, companies started to take their attention on their board of directors’ compositions, one of which is the generational differences. Generation X directors have been found that they have better concentration on the ESG consciousness. However, there is no literature that analyzing the contribution of Gen X directors’ differences on the Corporate Social Responsibility (CSR) performance of an ESGL listed companies and others. In this study, the author will observe four kinds of CSR performance measurements by adopting some variables: number of Gen X directors, company classification, board size, company’s profitability and financial leverage, director’s gender, and the CEO duality. The data used is a cross sectional data that the author took from 2021 documents. By using a multiple linear regression analysis, the author found that the contribution of Gen X directors on ESGL listed companies will have a significant effect on the company’s CSR performance in terms of their ESG ratings and their CSR standardization (ISO26000).

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