The Role Of ESG In Sustainable Financial Strategies and Innovation Towards Competitive Advantage Through GCG
I. Rahmawati, Ninda Ardiani, Delia Putri Rusnanti
🤖 gxceed AI 要約
日本語
インドネシアIDX ESG Leaders指数の企業を対象に、持続可能な財務戦略・財務イノベーション・ESGが競争優位に与える影響をSEM-PLSで分析した研究。持続可能な財務戦略は競争優位に正の有意な効果を示す一方、財務イノベーションとESGスコアは負の有意な効果となり、ESGの媒介効果やGCGの調整効果は確認されなかった。
English
A SEM-PLS study of firms in Indonesia's IDX ESG Leaders index testing whether sustainable financial strategy, financial innovation, and ESG drive competitive advantage. Sustainable financial strategy shows a significant positive effect, while financial innovation and ESG scores show significant negative effects; ESG mediation and GCG moderation are not supported.
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
新興国におけるESG評価と財務パフォーマンスの関係を扱う点で、SSBJ・有報開示やESG格付対応を進める日本企業にとって比較材料となるが、日本固有の示唆は限定的。
In the global GX context
Adds emerging-market evidence to the global debate on whether ESG ratings translate into competitive advantage, relevant to ISSB/CSRD-era discussions on the financial materiality of ESG performance and the role of governance (GCG) in disclosure quality.
👥 読者別の含意
🔬研究者:Useful as emerging-market SEM evidence on the contested ESG–performance link, though the negative coefficients and template artifacts warrant caution.
🏢実務担当者:Suggests ESG scores alone may not deliver competitive advantage; governance and financial strategy design matter more than rating-chasing.
🏛政策担当者:Illustrates that ESG index membership and governance codes alone may not shift firm competitiveness, informing disclosure-policy expectations in emerging markets.
📄 Abstract（原文）
Study This aim For analyse influence Financial Strategy Sustainable and Innovation Finance to Superiority Competitive with Environmental, Social, and Governance (ESG) as variables mediation. Phenomenon increasing demands implementation principle sustainability and innovation in practice finance in the ESG era demands company For No only profit- oriented, but also on fulfilment stakeholder expectations and sustainability term long . Runway the theory used covering Resource-Based View (RBV), Stakeholder Theory, and Dynamic Capability Theory. Study This use approach quantitative with method Structural Equation modelling - Partial Least Square (SEM-PLS). Data obtained from [customize : questionnaire manager /executive company or secondary data in the form of report annual and sustainability reports of companies listed on the IDX and including in IDX ESG Leaders index]. Variable study operationalized through indicators that include aspect investment green, transparency finance, implementation product finance innovative, ESG scores, and indicator performance financial and non-financial For measure superiority competitive. Research results demonstrate financial strategy sustainable influential positive significant effect on competitive advantage (β=0.190; p=0.024), while financial innovation (β=-0.225; p=0.007) and ESG (β=-0.207; p=0.015) had a significant negative effect. ESG did not mediate the relationship and GCG did not moderate the effect of ESG on superiority competitive.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://jurnal.unived.ac.id/index.php/er/article/download/11036/9078first seen 2026-10-28 05:46:43 · last seen 2026-11-06 05:49:41
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