Analysis of Factors Influencing The Disclosure of Biological Assets in Plantation Companies in Indonesia
DOI:
https://doi.org/10.30651/stb.v5i2.28809Keywords:
Biological assets, PlantationAbstract
Disclosure of biological assets in plantation companies in Indonesia remains inconsistent, despite detailed reporting guidelines in Statement of Financial Accounting Standards No. 69. This indicates a need to examine further the factors influencing the level of disclosure. The purpose of this research is to analyze the determinants that affect the disclosure of biological assets in plantation companies in Indonesia. The research method used is quantitative, processing numerical data to objectively assess relationships between variables. The study population comprises 17 plantation companies listed in Indonesia, and data analysis was conducted using descriptive statistical methods, with results presented in tables and processed using statistical software. The research period covers 2019 to 2024 to capture the development of biological asset disclosures after the pandemic. The study results reveal that the intensity of biological assets does not have a significant effect on disclosure levels. In contrast, company growth, leverage ratio, and public ownership are found to affect the level of biological asset disclosure positively.
References
Ahmed, A. I., Massam, M. R., Bryant, R. G., & Edwards, D. P. (2025). How much deforestation in sub-Saharan Africa has been caused by mining? Biological Conservation, 304(2025), 111040. https://doi.org/10.1016/j.biocon.2025.111040
Al-Faryan, M. A. S. (2024). Agency theory, corporate governance and corruption: an integrative literature review approach. Cogent Social Sciences, 10(1), 1–30. https://doi.org/10.1080/23311886.2024.2337893
Aliahmadi, S. (2024). Does CEO power moderate the link between labor productivity and financial performance: agency theory or stewardship theory. Asian Journal of Accounting Research, 9(1), 47–56. https://doi.org/10.1108/AJAR-04-2022-0111
Awa, H. O., Etim, W., & Ogbonda, E. (2024). Stakeholders, stakeholder theory and Corporate Social Responsibility (CSR). International Journal of Corporate Social Responsibility, 9(1), 1–14. https://doi.org/10.1186/s40991-024-00094-y
Central Bureau of Statistics. (2025). Indonesia’s annual plantation crop statistics 2024 (palm oil, coffee, cocoa, rubber, tea, and leading plantation commodities). Badan Pusat Statistik. https://www.bps.go.id/id/publication/2025/08/29/8d2a6ab3510f9828daf73191/statistik-tanaman-perkebunan-tahunan-indonesia-2024--kelapa-sawit--kopi--kakao--karet--teh--dan-komoditas-perkebunan-unggulan-.html
Dushkova, D., & Ivlieva, O. (2024). Empowering communities to act for a change: a review of the community empowerment programs towards sustainability and resilience. Sustainability (Switzerland), 16(19), 1–25. https://doi.org/10.3390/su16198700
Fatoki, Y., & Adio, M. (2024). The stakeholder theory and the resource dependency theory a legal appraisal. African Journal of Law, Ethics and Education, 6(1), 171–190.
Fitzsimons, J. A., & Wescott, G. (2025). Beyond logging: the need for victoria’s state forests to contribute to Australia’s 30 × 30 protection target. Land, 14(5), 1–12. https://doi.org/10.3390/land14051028
Gamage, A. N. K. K. (2025). Research design, philosophy, and quantitative approaches in scientific research methodology. Scholars Journal of Engineering and Technology, 13(02), 91–103. https://doi.org/10.36347/sjet.2025.v13i02.004
Harun, S. N. A., & Laksito, G. S. (2022). The impact of number of employees, palm production and export of oil palm on Malaysia economic growth. International Journal of Finance, Economics and Business, 1(3), 198–210. https://doi.org/10.56225/ijfeb.v1i3.59
Hinton, P. R. (2024). Statistics explained (4th ed.). London: Routledge. https://doi.org/10.4324/9780429353260
Ika, S. R., Susetyo, R., Pribadi, A., Dwiwinarno, T., & Widagdo, A. K. (2022). Factors influencing biological asset disclosures in agricultural companies in Indonesia. IOP Conference Series: Earth and Environmental Science, 1114(1), 1–10. https://doi.org/10.1088/1755-1315/1114/1/012074
Lubis, M. I., Linkie, M., & Lee, J. S. H. (2024). Tropical forest cover, oil palm plantations, and precipitation drive flooding events in Aceh, Indonesia, and hit the poorest people hardest. PLoS ONE, 19(2024), 1–19. https://doi.org/10.1371/journal.pone.0311759
Maurya, M. J., & Vivek, M. (2025). Deforestation: causes, consequences and possible solutions. Idealistic Journal of Advanced Research in Progressive Spectrums, 04(01), 70–76.
Ministry of Environment and Forestry. (2025). Indonesia’s forests and deforestation in 2024. Kehutanan.Go.Id. https://www.kehutanan.go.id/news/article-10
Oliveira, G. M., Ziegert, R. F., Pacheco, A., Berning, L., Sotirov, M., Dürr, J., Braun, D., Nunes, F. S. M., Soares-Filho, B. S., & Börner, J. (2024). Blind spots in the EU’s regulation on deforestation-free products. Nature Ecology & Evolution, 8(8), 1382–1383. https://doi.org/10.1038/s41559-024-02465-x
Pillay, R., Venter, M., Aragon-Osejo, J., González-del-Pliego, P., Hansen, A. J., Watson, J. E. M., & Venter, O. (2022). Tropical forests are home to over half of the world’s vertebrate species. Frontiers in Ecology and the Environment, 20(1), 10–15. https://doi.org/10.1002/fee.2420
Purnama, I., Mutamima, A., Aziz, M., Wijaya, K., Maulida, I. D., Junaidi, J., Sari, K., Effendi, I., & Dini, I. R. (2025). Environmental impacts and the food vs. fuel debate: a critical review of palm oil as biodiesel. GCB Bioenergy, 17(6), 1–29. https://doi.org/10.1111/gcbb.70043
Renata, N., Aminah, A., & Haninun, H. (2024). Determinants of accounting standard statement (PSAK) 69 in Indonesia (biological assets in plantation and corps sub-industry companies listed on IDX in 2020-2022). International Journal of Accounting, Management, Economics and Social Sciences, 4(1), 9–15. https://doi.org/10.61990/ijamesc.v2i3.234
Santoro, A., Piras, F., & Yu, Q. (2023). Spatial analysis of deforestation in Indonesia in the period 1950–2017 and the role of protected areas. Biodiversity and Conservation, 34(9), 1–8. https://doi.org/10.1007/s10531-023-02679-8
Santoro, A., Piras, F., & Yu, Q. (2025). Spatial analysis of deforestation in Indonesia in the period 1950–2017 and the role of protected areas. Biodiversity and Conservation, 34(9), 3119–3145. https://doi.org/10.1007/s10531-023-02679-8
Segah, H., Afentina, Fatkhurohman, & Aguswan, Y. (2025). Deforestation characteristics between 2006 and 2020 over tropical forest in Central Kalimantan, Indonesia. Indonesian Journal of Geography, 57(1), 1–9. https://doi.org/10.22146/ijg.90049
Supriatna, J., & Lenz, R. (2025). Forest landscape sustainability. In 5 (Ed.), Sustainable Environmental Management: Lessons from Indonesia (pp. 103–145). Springer Nature Switzerland. https://doi.org/10.1007/978-3-031-76642-8_5
Vukadinović, L., Trišić, I., Ristić, V., Candrea, A. N., Štetić, S., & Apetrei, M. (2025). The impact of sustainable tourism of forest ecosystems on the satisfaction of tourists and residents—an example of a protected area, Vojvodina Province (Northern Serbia). Forests, 16(6), 1–19. https://doi.org/10.3390/f16060909
Wulandari, R., Abas, A., & Abdullah, A. (2025). Understanding the impact of climate change on oil palm plantation: a systematic literature review. Frontiers in Sustainable Food Systems, 9(2025), 1621217. https://doi.org/10.3389/fsufs.2025.1621217
Yuliani, E. L., Moeliono, M., Labarani, A., Fisher, M. R., Tias, P. A., & Sunderland, T. (2023). Relational values of forests: value-conflicts between local communities and external programmes in Sulawesi. People and Nature, 5(6), 1822–1838. https://doi.org/10.1002/pan3.10389
Downloads
Published
Issue
Section
License
Copyright (c) 2025 SUSTAINABLE
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright
Copyright for articles published in Sustainable: Accounting Journal.
Authors must submit copyright to the journal by signing and sending the copyright assignment form (template) via email sustainable@um-surabaya.ac.id
Authors can disseminate their articles through any media.
Licence
Every work written by the author is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
