From Transparency to Trust: The Impact of ESG Disclosure on the Reputation of Coal Companies in Indonesia
透明性から信頼へ：インドネシアの石炭企業の評判に対するESG開示の影響 (AI 翻訳)
Egma Mukholifah, Muhammad Khafid
🤖 gxceed AI 要約
日本語
本研究は、インドネシアの石炭企業におけるESG開示が企業評判に与える影響を実証的に分析した。2022～2024年のパネルデータを用い、経済的・環境的開示が評判に正の影響を与える一方、社会的開示の効果は有意でないことを示した。また、企業規模が大きいとその効果が弱まるという知見を得た。
English
This study empirically examines the effect of ESG disclosure on corporate reputation of coal companies in Indonesia using panel data from 2022-2024. It finds that economic and environmental disclosures positively impact reputation, while social disclosure does not. Firm size weakens the effect of economic and environmental disclosures.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
本論文はインドネシアの石炭企業に焦点を当てているが、日本企業がインドネシアの石炭関連事業やサプライチェーンにおいてESG開示の重要性を理解する上で参考となる。特に、企業規模が大きいほど開示効果が減衰する点は、日本の大企業にも示唆を与える。
In the global GX context
In the global context, this paper adds empirical evidence on ESG disclosure and reputation for high-impact sectors like coal, supporting the ISSB and TCFD frameworks. It highlights that larger firms may not benefit as much from transparency, suggesting the need for tailored disclosure strategies.
👥 読者別の含意
🔬研究者:Empirical evidence on ESG disclosure-reputation link in an emerging market context, with moderating role of firm size.
🏢実務担当者:Insights for coal companies on which ESG dimensions most affect reputation; economic and environmental disclosures matter more.
🏛政策担当者:Regulators can note that disclosure effectiveness may vary by firm size; larger firms may require additional incentives.
📄 Abstract（原文）
ESG disclosure has become a critical element for companies seeking to build credibility and strengthen their reputation, particularly in the coal industry, which faces heightened environmental and social scrutiny. This study provides empirical evidence on the effect of ESG disclosure on the corporate reputation of coal companies in Indonesia and examines the moderating role of firm size. A quantitative approach was employed using unbalanced panel data comprising coal companies listed on the Indonesia Stock Exchange for the period 2022–2024, resulting in 124 units of analysis. ESG disclosure was measured through economic, environmental, and social performance indicators, while corporate reputation was proxied by market reactions surrounding the publication dates of annual and sustainability reports. The analysis was conducted using Moderated Regression Analysis (MRA) with a Common Effect Model. The findings reveal that economic and environmental performance disclosures positively and significantly influence corporate reputation, whereas social performance disclosure shows no significant effect. Moreover, firm size weakens the influence of economic and environmental disclosures on reputation and fails to strengthen the effect of social disclosure. These results indicate that economic and environmental transparency play an essential role in shaping the reputation of coal companies, although their effectiveness may diminish for larger firms. This study contributes to the development of more effective ESG disclosure strategies within the mining sector.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.34152/fe.21.1.96-114first seen 2026-07-26 06:09:54
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