NEXUS OF ESG DISCLOSURE, SUSTAINABILITY PERFORMANCE AND FINANCIAL PERFORMANCE ON FIRM VALUE: THE ROLE OF CORPORATE REPUTATION AND SUSTAINABILITY REPORTING QUALITY
ESG開示、サステナビリティパフォーマンス、財務パフォーマンスが企業価値に与える影響：企業評判とサステナビリティ報告品質の役割 (AI 翻訳)
Siti Nurlatifah, Tri Widyastuti, Nurmala Ahmar
🤖 gxceed AI 要約
日本語
本研究は、ESG開示・サステナビリティパフォーマンス・財務パフォーマンスが企業価値に与える影響を、企業評判を媒介変数、サステナビリティ報告品質を調整変数として分析。インドネシア証券取引所のESG SRI KEHATI指数採用企業19社（2017-2022年）を対象に回帰分析を実施。結果、ESG開示とサステナビリティパフォーマンスは企業評判を通じて企業価値を高める一方、報告品質は企業価値への直接的な調整効果を持つが評判への調整効果は見られなかった。
English
This study examines how ESG disclosure, sustainability performance, and financial performance affect firm value, with corporate reputation as mediator and sustainability reporting quality as moderator. Using 114 observations from 19 Indonesian ESG SRI KEHATI index firms (2017-2022), regression analysis shows that ESG disclosure and sustainability performance enhance firm value through corporate reputation. Reporting quality moderates the direct effect on firm value but not on reputation. Findings highlight the importance of transparency and reporting quality for value creation.
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
インドネシア市場のデータではあるが、ESG開示と企業価値の関係における報告品質の調整効果を実証した点は、日本の有報・統合報告書における開示品質向上の議論に示唆を与える。ただし、SSBJ基準や日本の政策との直接的な関連は薄い。
In the global GX context
This paper contributes to the global ESG disclosure literature by empirically testing the mediating role of corporate reputation and the moderating role of reporting quality in an emerging market context. While Indonesia-specific, the findings on reporting quality's differential effects on value vs. reputation offer insights for global disclosure frameworks like ISSB and CSRD, particularly regarding the materiality of reporting quality.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the mediating and moderating mechanisms in ESG-firm value relationships, useful for scholars studying signaling and resource-based theories.
🏢実務担当者:Highlights the need to improve sustainability reporting quality and build corporate reputation through transparency, relevant for corporate sustainability teams.
🏛政策担当者:Offers insights for regulators in emerging markets on the importance of reporting quality standards, though not directly applicable to Japan.
📄 Abstract（原文）
This research aims to explore how the disclosure and performance on the ESG aspect are related to the firm's value, with corporate reputation possibly acting as the mediating variable in such relations, while the sustainability reporting quality serves as a moderating variable. The samples used in this research are ESG SRI KEHATI index companies collected from IDX during 2017-2022. For that, the present study has taken purposeful sampling methods where a sum of 19 firms was taken and their total number of observations accounts for 114 observations. The regression analysis of these factors shows that ESG disclosure along with sustainability and financial performance in giving reputation to the corporation results in high significance on corporate values. Corporate reputation successfully mediates the relationship of ESG disclosure and sustainability performance with financial performance on corporate value. Meanwhile, sustainability reporting quality only moderates the relationship of ESG disclosure, sustainability performance, and financial performance towards corporate value but does not moderate the relationship of the variables towards corporate reputation. This in practice means that this research shows that managers have to improve the quality of sustainability reporting, while one should build a corporate reputation by being responsible and transparent in business conduct. The current paper develops the signalling theory and the resource-based theory for accounting and sustainability.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.55643/fcaptp.3.62.2025.4704first seen 2026-05-05 19:08:00
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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。