Pengaruh Komponen Pengungkapan ESG dan Keputusan Pendanaan Terhadap Kinerja Keuangan (Studi Empiris Pada Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia Periode 2022-2024)
ESG開示要素と資金調達意思決定が財務業績に与える影響：インドネシア証券取引所上場エネルギー企業の実証研究（2022-2024年） (AI 翻訳)
Reda Roudatul Janah, Retno Dyah Pekerti, D. Riswandi
🤖 gxceed AI 要約
日本語
インドネシアのエネルギー企業25社を対象に、ESG開示と資金調達意思決定が財務業績に与える影響を回帰分析で調査。環境・社会開示は有意な影響を与えず、ガバナンス開示と資金調達は負の関連を示した。ESG開示の財務的有效性に疑問を投げかける。
English
This study examines the impact of ESG disclosure components and funding decisions on financial performance of 25 energy companies listed on the Indonesia Stock Exchange from 2022-2024 using multiple linear regression. Findings show environmental and social disclosures have no significant effect, while governance disclosure and funding decisions are negatively associated with financial performance, questioning the financial benefits of ESG disclosure in this context.
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基準の導入が進むが、本稿のインドネシア事例は、新興国におけるESG開示の財務効果が限定的である可能性を示唆。日本の投資家や企業は、開示が必ずしも短期的な財務改善に直結しない点を認識すべき。
In the global GX context
While global frameworks like ISSB and TCFD gain traction, this Indonesian study adds empirical evidence that ESG disclosure may not directly improve financial performance in emerging markets, highlighting the need for context-specific expectations in global disclosure scholarship.
👥 読者別の含意
🔬研究者:Provides empirical evidence on ESG-financial performance link in an emerging market, useful for comparative studies.
🏢実務担当者:Low direct applicability for Japanese firms; may inform caution about expecting immediate financial returns from ESG disclosure.
🏛政策担当者:Suggests that mandatory ESG disclosure alone may not drive financial performance, implying the need for complementary policies.
📄 Abstract（原文）
The purpose of this study is to analyze the interaction between ESG disclosure elements and funding decisions in influencing the financial achievements of companies. The research focuses on entities operating within the energy sector and officially listed on the Indonesia Stock Exchange from 2022 to 2024. Employing a quantitative research framework, the study relies on secondary data obtained from annual reports and sustainability disclosures. All energy sector firms on the IDX were considered as the population, while twenty-five were intentionally chosen as the representative sample through purposive sampling. The dataset was examined through the application of multiple linear regression analysis supported by SPSS version 25. The findings reveal that environmental disclosure exerts no substantial influence on corporate financial results, while social disclosure demonstrates a similarly insignificant relationship. Conversely, governance disclosure and funding decisions are shown to have an inverse association with financial performance. These findings suggest that funding decisions play a crucial role in influencing a company’s financial outcomes, whereas ESG disclosure components have not yet demonstrated a meaningful contribution to improving financial performance.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.46880/jsika.vol10no1.pp94-107first seen 2026-06-30 05:37:22
🔔 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。