The Role of Profitability in Moderating the Relationship between Sustainability Reporting and ESG Disclosure onFirm Value of Energy Sector in Indonesia
収益性がサステナビリティ報告とESG開示と企業価値の関係を調整する役割：インドネシアのエネルギーセクターの事例 (AI 翻訳)
Tri Wulandari, Syafrida Hani, Maya Sari
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所上場のエネルギー企業を対象に、サステナビリティ報告とESG開示が企業価値（PBV）に与える影響と、収益性（ROA）の調整効果を2019-2023年のデータで分析。結果、サステナビリティ報告のみが企業価値に有意な影響を与え、収益性の調整効果は見られなかった。
English
This study examines the effect of sustainability reporting and ESG disclosure on firm value (PBV) in Indonesian energy sector firms listed on IDX from 2019-2023, with profitability (ROA) as a moderator. Findings show only sustainability reporting significantly impacts firm value, and profitability does not moderate the relationship.
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
インドネシアの事例だが、サステナビリティ報告とESG開示の企業価値への影響を検証しており、日本企業の開示戦略や投資家対応への示唆がある。
In the global GX context
This paper provides empirical evidence from an emerging market (Indonesia) on the relationship between sustainability reporting, ESG disclosure, and firm value, which is relevant for global discussions on the value relevance of non-financial disclosure. It highlights that profitability does not moderate the effect, suggesting that disclosure's impact on firm value may depend on other factors.
👥 読者別の含意
🔬研究者:Empirical evidence on the moderating role of profitability in the sustainability disclosure-firm value link, with implications for agency theory and stakeholder theory.
🏢実務担当者:Insights for energy sector firms on how sustainability reporting can influence firm value, but profitability may not be a key moderator.
🏛政策担当者:Regulators in emerging markets may consider the findings when designing mandatory disclosure frameworks.
📄 Abstract（原文）
This study aims to test and analyze the effects of Sustainability Reporting and ESG Disclosure on firm Value, moderated by profitability, among energy sector companies listed on the Indonesia Stock Exchange in 2019-2023. The research is associative and quantitative. The population of this study comprised 87 companies listed on the Indonesia Stock Exchange, which were purposively sampled, yielding 11 companies in the 2019-2023 period. The collected data were analyzed using SPSS version 27. The results of this study indicate that only Sustainability Reporting affects firm value, as measured by Price-to-Book Value (PBV). Then, Profitability as measured by ROA is also unable to moderate either Sustainability Reporting or ESG Disclosure on firm Value.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.30871/jaat.v10i2.11261first seen 2026-05-14 22:01:37
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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。