The value relevance of SASB-based materiality disclosure: Evidence from Indonesian listed firms
SASBベースのマテリアリティ開示の価値関連性：インドネシア上場企業からの証拠 (AI 翻訳)
Hadiyan Prayoga, Felicyta Adelanam Soko, J. Badruzaman
🤖 gxceed AI 要約
日本語
本研究は、SASB基準に基づくマテリアリティ開示が企業価値に与える影響を、インドネシア上場企業のデータを用いて分析。回帰分析の結果、マテリアリティ開示と株価の間に正の関係を確認。ただし、開示量の多さが必ずしも株価に反映されるわけではないことを示した。
English
This study examines whether SASB-based materiality disclosure provides value-relevant information to investors. Using Indonesian listed firms from 2017-2022, it finds a positive relationship between materiality disclosure and stock prices, but the effect varies across firms. The results support the ISSB's mandate for decision-useful sustainability reporting.
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
日本企業がISSB/SASB基準を導入する際、マテリアリティ開示が株価に影響するという実証結果は参考になる。ただしインドネシア固有の制度要因に注意が必要。
In the global GX context
This study provides emerging-market evidence that SASB-based materiality disclosure enhances value relevance, supporting the ISSB framework globally. It underscores that materiality disclosure is not just compliance but can influence investor valuation.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the decision-usefulness of SASB materiality in an emerging market, extending the value relevance literature.
🏢実務担当者:Shows that materiality disclosure can serve as a strategic tool to enhance market value, not merely a compliance exercise.
🏛政策担当者:Supports the ISSB's mandate for materiality reporting by demonstrating its value relevance for investors.
📄 Abstract（原文）
Research aims: ISSB issued IFRS S1 and S2 reporting that influence entities to disclose information about risks and opportunities based on SASB standards. This study examine whether materiality disclosure reflects on value relevance information content. The materiality item relates to the general purpose of financial reporting, helping users make decisions.Design/Methodology/Approach: Using regression analysis, this study analyse 330 firm-year observations from 71 firms listed on the Indonesia Stock Exchange from 2017-2022.Research findings: This study find positive relationship between materiality disclosure and value relevance information. In addition, firms with high materiality not accurately reflects on stock price related sustainability item.Theoretical contribution/Originality: This study provides novel evidence that materiality disclosure enhances value relevance by influencing stock prices. It extends the decision-usefulness perspective by showing that market responses to materiality vary across firms, highlighting the role of sustainability disclosure in shaping investors’ valuation.Practitioner/Policy implication: This study suggest that materiality disclosure serves as a strategic tool for firms to enhance market value, not just a compliance exercise. For regulators, the evidence supports ISSB’s mandate that materiality reporting is essential to provide decision-useful sustainability information for investors.Research limitation/Implication: First, this study is limited to the Indonesian context. Future research is encouraged to broaden the scope by including other countries, particularly those that are members of the IASB. Second, the study does not account for the issue of endogeneity within its methodological approach.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.18196/jai.v27i1.28790first seen 2026-05-15 18:41:05
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