Are Family Firms Reporting Differently? Integrated Reporting Practices in Indonesia

ABSTRACT This study aimed to examine the influence of socioemotional wealth (SEW) dimensions on integrated reporting (IR) alignment and to assess the moderating roles of media coverage and corporate reputation in the relationship. The intention was to provide insight into the disclosure practices of family firms in the unique institutional and cultural context considering their dominance in the Indonesian business landscape. A sample of 210 Indonesian family firms was analyzed, and the results showed that the presence of family members in the top management team to reflect family control and influence dimension as well as the role of founders as Chief Executive Officers (CEOs) to represent the generation succession dimension had a negative impact on IR alignment. However, both media coverage and corporate reputation showed a positive moderating effect and attenuated the negative influence of SEW on IR alignment. It was also observed that IR alignment had a significant positive effect on firm performance. The results contribute to existing literature by empirically examining selected dimensions of SEW while incorporating external factors influencing IR alignment. The study also offers practical implications for family firms, regulators, and other stakeholders interested in enhancing disclosure practices. This is the first study to investigate the role of SEW dimensions in IR alignment and the moderating effects of media coverage and corporate reputation based on the observation of the authors.