ESG開示とグリーン会計が企業価値に与える影響
Pengaruh Pengungkapan Environmental, Social, and Governance (ESG) dan Green Accounting terhadap Nilai Perusahaan (原題)
Roisah Khoiriyah, Endang Dwi Wahyuningsih
🤖 gxceed AI 要約
日本語
インドネシア証券取引所（IDX）上場のエネルギー企業61社（2022-2024年）を対象に、ESG開示とグリーン会計の実施が企業価値に与える影響をパネルデータ回帰で分析。社会・ガバナンス開示は企業価値を有意に高めるが、環境開示とグリーン会計は有意な関係を示さなかった。環境情報の質と信頼性向上の必要性を示唆。
English
This study analyzes the impact of ESG disclosure and green accounting on firm value using panel data from 61 Indonesian energy companies (2022-2024). Social and governance disclosure significantly increase firm value, while environmental disclosure and green accounting show no significant effect. The findings highlight the need for higher quality and reliability of environmental 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
日本ではSSBJ開示が始まり、ESG情報の質と企業価値の関連が注目される。本稿は新興市場の実証として、環境情報の信頼性向上が投資家評価に重要であることを示し、日本の開示実務にも示唆を与える。
In the global GX context
As ISSB and CSRD push for more rigorous sustainability reporting, this study provides evidence from an emerging market that social and governance disclosure are valued by investors, while environmental disclosure quality needs strengthening. It adds to the global debate on the value relevance of ESG reporting.
👥 読者別の含意
🔬研究者:ESG開示の企業価値への影響に関する新興市場の実証的証拠を提供。
🏢実務担当者:社会・ガバナンス情報の充実が投資家評価に寄与する一方、環境情報の質向上が課題であることを示唆。
🏛政策担当者:環境報告の内容規制強化が情報の有用性向上に必要であることを示す。
📄 Abstract（原文）
The growing threat of climate change, coupled with substantial carbon emission in Indonesia, has prompted regulators to require companies listed on the Indonesia Stock Exchange (IDX) to publish sustainability reports. Such disclosure serve as a means of accountability and transparency regarding the ecological and social consequences of business activities. This study examines the relationship between environmental, social, and governance (ESG) disclosure, green accounting implementation, and firm value. The sample consist of energy sector companies listed on the IDX during 2022-2024. Data were obtained from annual reports and sustainability reports, with purposive sampling yielding 183 firm year observation from 61 companies. Panel data regression was employed using EViews 12. The results show that social and governance disclosure significancy increase firm value, while environmental disclosure and green accounting implementation show no significant relationship with firm value. These findings highlight the need to improve the quality, depth, and reliability of social and governance information, as both dimensions shape favorable perceptions among market participants. Regulations on environmental reporting content should also be strenghened to enhance the usefulness and credibility of such information for investors. Although not yet directly affecting valuation, environmental responsibility remains essential for business sustainability and for mitigating reputational and legal risks.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://scientivapress.org/index.php/makreju/article/download/4444/3153first seen 2026-08-26 05:17:41 · last seen 2026-09-22 05:15:33
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