Not All Green Lies Are Equal: Governance Strength and Financial Pressure Across ESG Reporting Biases in Family‐Dominated Markets
すべてのグリーンな嘘は同じではない：同族支配市場におけるESG報告バイアスに対するガバナンスの強さと財務圧力 (AI 翻訳)
B. Solikhah, Ching‐Lung Chen, Pei‐Yu Weng
🤖 gxceed AI 要約
日本語
本研究は、ガバナンスの強さ、財務圧力、同族支配がESG報告のバイアス（過大表示・過小表示）に与える影響を分析。強いガバナンスはグリーンウォッシングを抑制し、短期資金リスクは促進する。同族企業はグリーンウォッシングに慎重であり、環境敏感産業と非敏感産業で異なる傾向を示す。規制当局向けの実践的含意を提供。
English
This study examines how governance strength, financial pressure, and family control influence ESG reporting biases (overstatement and understatement). Strong governance reduces greenwashing, while high short-term financing risk increases it. Family-controlled firms are less likely to engage in such practices. Findings differ between environmentally sensitive and non-sensitive industries, offering practical implications for regulators to enhance ESG disclosure standards and oversight.
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
同族企業が支配的な市場に焦点を当てた研究であり、日本のような同族企業が多い市場にも示唆を与える。ただし、日本の具体的な開示制度（SSBJなど）との直接的な関連は薄い。日本企業のESG報告の質向上やグリーンウォッシング防止に参考となる可能性がある。
In the global GX context
This paper contributes to the global ESG disclosure literature by disentangling greenwashing into overstatement and understatement biases, and highlighting the role of governance and financial pressure in different industry contexts. The findings are relevant for international standard-setters (e.g., ISSB, ESRS) and regulators designing targeted oversight mechanisms, especially in markets with high family ownership.
👥 読者別の含意
🔬研究者:Researchers can leverage the nuanced distinction between ESG overstatement and understatement, and the moderating role of industry sensitivity, as a framework for future studies on greenwashing determinants.
🏢実務担当者:Corporate sustainability teams and governance officers can use the findings to design stronger internal controls and avoid greenwashing, particularly when facing financial pressure or in family-controlled settings.
🏛政策担当者:Regulators should consider targeted oversight mechanisms that differentiate between overstatement and understatement, and account for industry sensitivity and firm ownership structures.
📄 Abstract（原文）
Greenwashing undermines the credibility of ESG practices, decreases stakeholder trust, and distorts market perceptions of corporate responsibility. This study examines how governance strength, financial pressure, and family control influence ESG reporting biases. The results show that strong governance—both in performance and commitment—strongly reduces greenwashing. High short‐term financing risk increases greenwashing, while family‐controlled firms are less likely to engage in such practices. Additional analyses distinguish between overstatement and understatement and explore differences across environmentally sensitive industries (ESI) and non‐ESI firms. Governance quality mitigates overstatement‐driven greenwashing in ESI firms, whereas financial pressure amplifies it in non‐ESI firms. In contrast, ESG understatement displays distinct dynamics, indicating different strategic motivations. The findings are robust across model specifications and offer practical implications for regulators to enhance ESG disclosure standards, develop benchmarking practices and design targeted oversight mechanisms, particularly in markets dominated by family‐owned firms.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1002/bse.70802first seen 2026-05-05 23:25:04
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。