Does Politics Influence Environmental, Social, and Governance Disclosure? Empirical Evidence From US Listed Firms
政治はESG開示に影響を与えるか？米国上場企業からの実証的証拠 (AI 翻訳)
Gianluca Moretti, Simone Terzani, Gennaro De Novellis
🤖 gxceed AI 要約
日本語
本研究は、企業の政治イデオロギーと州レベルの政治イデオロギーがESG開示に与える影響を初めて同時に分析。2013～2020年の米国企業データを用いたパネル回帰分析により、リベラルなイデオロギーが高いESG開示と関連することを発見。この関係はステークホルダー期待への対応と社会的・環境的課題に取り組む支援環境によるもの。結果は頑健であり、政策立案者や企業の持続可能性報告に示唆を与える。
English
This study is the first to simultaneously examine the influence of firm and state political ideology on ESG disclosure. Using panel regression on US firms from 2013-2020, it finds that liberal ideology is associated with higher ESG disclosure, driven by stakeholder expectations and supportive environments. Findings are robust and offer insights for policymakers and firms aligning sustainability reporting with political contexts.
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
米国企業を対象とした研究だが、日本企業のESG開示においても政治イデオロギーや地域性が影響する可能性を示唆。SSBJや有報でのESG情報開示が進む中、政治的要因を考慮した開示戦略の重要性を認識させる点で参考になる。
In the global GX context
This paper contributes to the global understanding of informal determinants of ESG disclosure, complementing formal regulatory frameworks like TCFD, ISSB, and CSRD. It highlights how political ideology shapes corporate disclosure behavior, which is relevant for multinational firms and policymakers designing effective disclosure incentives.
👥 読者別の含意
🔬研究者:Provides empirical evidence on political determinants of ESG disclosure, opening avenues for cross-country comparative studies.
🏢実務担当者:Helps corporate sustainability teams understand how political context influences stakeholder expectations and disclosure strategies.
🏛政策担当者:Offers insights for designing regulations that account for political ideology to enhance ESG disclosure effectiveness.
📄 Abstract（原文）
ABSTRACT This study investigates the relations among firm political ideology, state political ideology, and environmental, social, and governance (ESG) disclosure. It is the first study to simultaneously explore both individual‐ and state‐level influences on ESG disclosure. Using panel regression models on a sample of firms in the United States of America from 2013 to 2020, the study finds that liberal ideology is associated with higher ESG disclosure. This behavior is driven by the desire to meet stakeholder expectations and operate in a supportive environment for addressing social and environmental issues. These findings remain consistent across various tests, demonstrating their robustness and reliability. The study contributes to the literature on informal political determinants of ESG disclosure, being potentially helpful for policymakers in developing more impactful regulations and recommendations to incentivize ESG disclosure. The findings may also assist firms in aligning their sustainability reporting with political contexts and stakeholder needs.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1002/bse.70373first seen 2026-05-05 19:08:12
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