| Variable |
Definition |
| CSR award |
(CSRaw) CSR related awards reported in the firm’s annual report.(Boesso & Kumar, 2007) |
| Board size |
(BS) Total directors on the board |
| Executive board |
(EB) Executive board or inside directors are defined as board of directors who are engaged by the firm such as CEOs and managing directors who are involved in daily operations of a firm (Yammeesri & Herath, 2010). Executive board measured by proportion of executive board on the board. |
| Board gender |
(BG) Total female directors on board. |
| Board educational |
(BE) Board educational measured by proportion of directors who have qualification of degree in business and accounting in university or business school (Esa & Zahari, 2016) |
| Company size |
(Cosize) Total assets |
| ROA |
ROA is calculated by net income after tax over total assets |
