Improving Capital Expenditure Efficiency through ESG and GRC Frameworks Implementation in Banking Sectors
銀行セクターにおけるESGとGRCフレームワークの導入による資本支出効率の向上 (AI 翻訳)
Mustafa JA, Alshdaifat SM
🤖 gxceed AI 要約
日本語
本研究は、ESG開示とGRC（ガバナンス・リスク管理・コンプライアンス）実践が銀行の長期的な支出効率に与える影響を、2010～2024年のグローバルパネルデータを用いて分析。固定効果モデルにより、ESGとGRCが個別および組み合わせで資本支出に正の影響を与えることを確認した。一方、R&D支出やグリーンボンド発行の短期的な相乗効果は限定的であった。
English
This study examines the individual and combined effects of ESG disclosures and GRC practices on banks' long-term capital expenditure efficiency using a global panel from 2010 to 2024. Firm-fixed-effects regressions show positive significant impacts of ESG and GRC on capital expenditure, with GRC ensuring compliance and risk mitigation, and ESG guiding long-term value investments. R&D spending and green bond issuance showed insignificant short-term transmission pathways.
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ESG開示がSSBJや有報記載で重要視されており、GRCとの連携が資本効率に与える影響を実証した点は、国内金融機関の経営戦略立案に参考となる。ただし、日本固有の制度考慮はなく、一般論としての知見提供に留まる。
In the global GX context
Globally, the integration of ESG and GRC is gaining traction as firms seek to align sustainability with risk management. This paper provides empirical evidence that such integration improves capital allocation efficiency, relevant for TCFD, ISSB, and CSRD frameworks. It highlights the limited short-term impact of green bonds, suggesting a need for longer-term strategies.
👥 読者別の含意
🔬研究者:Provides empirical evidence on ESG-GRC synergy for capital efficiency, filling a gap in sustainable finance literature.
🏢実務担当者:Banks can leverage ESG and GRC frameworks to optimize capital expenditure decisions and meet disclosure requirements.
🏛政策担当者:Offers justification for promoting integrated ESG and GRC disclosures to improve capital allocation in the banking sector.
📄 Abstract（原文）
<title>Abstract</title> <p> This study investigated the individual and combined effects of ESG disclosures and GRC practices on banks' long-term expenditure efficiency, providing evidence on how these factors ensure that investment decisions align with internal controls, regulatory requirements, social investing, and the enterprise's risk appetite. To achieve this, three firm-fixed-effects regression models were run using an annual global panel of firm-level observations from 2010 to 2024 across both developed and developing markets. The results indicate the positive and significant impacts of the independent and combined effects of ESG and GRC practices on Capital expenditure, showing that GRC plays a critical role in improving capital expenditure by ensuring compliance infrastructure and mitigating risks. On the other hand, ESG guides banks to invest in initiatives that deliver long-term environmental and social value. The insignificant effects of R&D spending and green bond issuance suggest that there are few short-term transmission pathways for potential synergies. By focusing on strategies that enhance ESG and GRC to improve efficiency in capital allocation and achievement of any of the supporting effects, especially over a longer period, this research complements modern knowledge on sustainable finance and corporate governance by incorporating empirical data on the role of ESG and GRC in the formulation of effective capital allocation decisions. <bold>Jel Classification: G32, O16, D22</bold> </p>
🔗 Provenance — このレコードを発見したソース
- Research Square https://doi.org/10.21203/rs.3.rs-9372465/v1first seen 2026-06-05 04:39:59 · last seen 2026-06-16 04:29:17
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