SUSTAINABILITY PERFORMANCE AND EARNINGS MANAGEMENT: THE ROLE OF BOARD MEETINGS
サステナビリティパフォーマンスと利益管理：取締役会開催頻度の役割 (AI 翻訳)
Jazman Jakeem, Amrie Firmansyah
🤖 gxceed AI 要約
日本語
本稿は、インドネシア証券取引所上場の医療関連企業31社（2020-2024年、109観測値）を対象に、ESGパフォーマンスと知的資本が利益管理に与える影響を、取締役会開催頻度を調整変数として分析。結果、ESG開示の増加は利益管理と正の相関を示し、サステナビリティ報告が戦略的に利用される可能性を示唆。知的資本の効率性は有意な関係を示さず、取締役会開催頻度はESG・利益管理間のモニタリングを強化するが、知的資本との関係には影響しなかった。
English
This study examines the influence of ESG performance and intellectual capital on earnings management, with board meeting frequency as a moderator, using a sample of 31 Indonesian healthcare firms (109 observations, 2020-2024). Findings show a positive association between ESG disclosure and earnings management, suggesting sustainability reporting may serve opportunistic financial reporting. Intellectual capital shows no significant relationship, while board meetings strengthen monitoring in the ESG-earnings management link but not for intellectual capital.
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基準や有報でのサステナビリティ情報開示が進む中、開示が実質的な取り組みではなく戦略的な手段として使われる懸念がある。本稿は新興国事例ではあるが、開示の質とモニタリングの重要性を示す点で示唆に富む。
In the global GX context
As global disclosure frameworks (ISSB, CSRD, SEC) push for more ESG reporting, this study highlights the risk of greenwashing—where firms may use sustainability disclosures to mask earnings management. It underscores the role of board oversight in ensuring disclosure integrity, relevant to ongoing debates on audit and governance.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the dark side of ESG disclosure from an emerging market, useful for comparative studies on greenwashing.
🏢実務担当者:Highlights the need for robust board monitoring to prevent sustainability reports from being used opportunistically.
🏛政策担当者:Suggests that disclosure mandates alone may not curb earnings management; stronger governance mechanisms are needed.
📄 Abstract（原文）
Increasing attention toward sustainability disclosure has raised questions about whether Environmental, Social, and Governance (ESG) initiatives genuinely reflect corporate responsibility or are strategically utilized to obscure earnings management practices. This study employs a quantitative approach to examine the influence of ESG performance and intellectual capital on earnings management, while accounting for the frequency of board meetings as a moderating factor. The sample consists of 31 healthcare firms listed on the Indonesia Stock Exchange over the 2020-2024 period, yielding 109 firm-year observations selected using purposive sampling. The analysis relies on secondary data derived from audited annual reports and sustainability reports. To test the proposed relationships, the study uses unbalanced panel-data regression. The findings indicate that higher ESG disclosure is positively associated with earnings management, suggesting that sustainability reporting may be used as a strategic instrument for opportunistic financial reporting. In contrast, intellectual capital efficiency does not show a statistically significant relationship with earnings management. Furthermore, the frequency of board meetings enhances monitoring in the relationship between ESG performance and earnings management, but it does not influence the association between intellectual capital and earnings management.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.37641/riset.v8i1.2842first seen 2026-05-14 22:08:08
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