The impact of ESG ratings on corporate performance
ESG評価が企業業績に与える影響 (AI 翻訳)
Zhao Xue
🤖 gxceed AI 要約
日本語
本研究は、ESG評価が企業の財務・非財務パフォーマンスに与える影響を理論的・実証的に分析。ESGの優れた実践は資金調達コストの低減やブランド価値向上を通じて競争力を高めることを示し、企業戦略への統合を提言。今後の課題として国・業種横断的な比較研究の必要性を指摘。
English
This paper systematically examines how ESG ratings affect corporate financial and non-financial performance, using stakeholder theory and resource-based view. It finds that superior ESG performance improves financial metrics and long-term competitiveness through reduced costs and enhanced stakeholder trust. The paper advocates for deep integration of ESG into corporate strategy and calls for cross-national and cross-industry comparative studies.
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、SSBJや統合報告書の開示義務が進む日本企業にとって、ESGと業績の関連を示すエビデンスを提供。投資家対応や戦略策定の根拠として活用できる。
In the global GX context
This paper contributes to the global debate on the materiality of ESG ratings, especially as regulators (ISSB, CSRD, SEC) push for standardized disclosure. It provides a comprehensive framework for understanding how ESG drives performance, relevant for investors and policymakers.
👥 読者別の含意
🔬研究者:This paper offers a comprehensive theoretical and empirical overview of the ESG-performance link, useful for scholars seeking to test boundary conditions across countries and industries.
🏢実務担当者:Corporate sustainability teams can leverage the findings to justify ESG investments and integrate ESG into strategic planning.
🏛政策担当者:Policymakers can consider the evidence that ESG ratings influence performance when designing mandatory disclosure frameworks.
📄 Abstract（原文）
As the concept of sustainable development becomes increasingly popular, Environmental, Social, and Governance (ESG) ratings have become a key metric for assessing a company's comprehensive value and long-term resilience. This paper aims to systematically explore the mechanisms by which ESG ratings influence the multidimensional performance of companies. This paper first examines the theoretical origins of ESG and its core theories linking it to corporate performance (such as stakeholder theory and the resource-based view), establishing its analytical framework. Then, by integrating empirical research and case studies from multiple industries, it provides an in-depth analysis of the impact of ESG ratings on companies' financial performance (such as profitability and market valuation) and non-financial performance (such as employee satisfaction and brand reputation). This research reveals that superior ESG performance not only improves financial metrics by reducing financing costs and improving operational efficiency, but also enhances a company's long-term competitiveness and risk resilience by strengthening stakeholder trust and building sustainable brand equity. Case studies further demonstrate the diverse successes and common challenges faced by different companies in implementing ESG strategies. The paper concludes by emphasizing that ESG ratings, far from being a passive responsibility, are a strategic core for companies to drive innovation and achieve sustainable competitive advantage. Accordingly, companies should deeply integrate ESG into their corporate strategies and business processes to achieve the synergistic creation of economic and social value. Finally, looking ahead, the article proposes further exploration of the cross-national and cross-industry boundary conditions for the effectiveness of ESG ratings based on institutional theory and a comparative perspective.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.36719/2707-9317/119/129-138first seen 2026-05-15 21:22:32
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。