デジタルトランスフォーメーションにおける開示と実装のミスマッチと企業ESG格付け：中国の証拠
The Disclosure–Implementation Mismatch in Digital Transformation and Corporate ESG Rating: Evidence from China (原題)
Jiwei Song, Yang Bin Huang, Lianmei Zhu
🤖 gxceed AI 要約
日本語
中国A株上場企業の2013〜2024年のパネルデータを用い、デジタルトランスフォーメーションの開示と実装のミスマッチがESG格付けと負の相関を持つことを実証。このミスマッチは投資のタイムラグや外部委託など中立的要因も反映する。ビッグ4監査なし、高市場化地域、低経営者所有の企業で顕著。
English
Using panel data of Chinese A-share listed firms from 2013 to 2024, this paper finds a significant negative association between the disclosure-implementation mismatch in digital transformation and corporate ESG ratings. The mismatch proxy captures divergence between annual report disclosures and substantive digital inputs, reflecting neutral factors like investment lags and outsourcing. The pattern is stronger for firms without Big-Four audits, in high-marketisation regions, and with lower managerial ownership.
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
日本ではSSBJ開示や有報での非財務情報の信頼性が問われる中、開示と実態の乖離を測る手法は、日本企業のデジタル化とESG統合の評価に応用可能。ただし中国特有の制度環境を考慮する必要がある。
In the global GX context
This paper contributes to global disclosure scholarship by proposing a novel proxy for disclosure-implementation mismatch and linking it to ESG ratings. It offers methodological insights for regulators and investors assessing the credibility of sustainability disclosures, relevant to ISSB and CSRD contexts.
👥 読者別の含意
🔬研究者:Provides a new empirical proxy for disclosure-implementation mismatch and its association with ESG ratings, useful for further research on disclosure quality.
🏢実務担当者:Highlights the importance of aligning digital transformation disclosures with actual implementation to maintain ESG ratings, relevant for investor relations and reporting.
🏛政策担当者:Suggests that monitoring disclosure-implementation gaps could enhance the reliability of ESG information, informing policy on disclosure standards.
📄 Abstract（原文）
Using panel data of Chinese A-share listed firms spanning 2013 to 2024, this paper investigates the statistical association between the disclosure–implementation mismatch in digital transformation and corporate ESG ratings. The disclosure–implementation mismatch is constructed as an empirical proxy capturing the divergence between firms’ digital-transformation disclosures in annual reports and their substantive digital inputs. We stress that this proxy can reflect multiple neutral sources of divergence, such as investment time lags and outsourcing arrangements, and should not be equated solely with managerial opportunism. Baseline regression results document a statistically significant negative association between this mismatch and corporate ESG ratings. Exploratory heterogeneity analyses show that such correlational pattern is more prominent among firms without Big-Four audits, firms located in high-marketisation regions, and firms with lower managerial ownership.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.3390/su18178819first seen 2026-09-03 05:18:35
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