| Variables |
Definition |
Measurement |
References |
| Dependent Variable |
| Environmental Disclosure |
Environmental information that company disclose to public. |
7 broad categories with total scores of 45. |
Clarkson et al. (2008) |
| Independent Variables |
| Financial Leverage |
The degree of using debt to finance business. |
Book value of debt over book value equity. |
Andrikopoulos & Kriklani (2013) |
| Firm Size |
Total assets, as stated in the statement of financial position. |
Logarithm of total of assets |
Andrikopoulos & Kriklani (2013)Nurhayati et al. (2016) |
| Profitability |
Degree of business to generate returns. |
Return on Equity (ROE) |
Smith et al. (2007)Barako et al. (2006) Andrikopoulos & Kriklani (2013) |
| Board Gender |
Gender of members of the board of director, male or female. |
Proportion of women members on board. |
Bueno et al. (2018) |
| Board Independence |
Existence of independent director in board of directors. |
Proportion of independent directors of the board. |
Nurhayati, Taylor, Rusmin, Tower & Chatterjee (2016) |
| Board Size |
Number of board members in a company. |
Total number of board members. |
Said, Omar & Abdullah (2013) |
