The Moderating Role of Market Ratio on the Effect of Profitability and Liquidity toward Corporate Sustainability Disclosure
収益性と流動性が企業のサステナビリティ開示に与える影響における市場比率の調整役 (AI 翻訳)
Muhammad Iif Fahruddin, Bustanul Ulum, Anisaul Hasanah
🤖 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製造企業50社を対象に、収益性と流動性がサステナビリティ開示に与える影響と、市場比率の調整効果を分析した。結果、収益性と流動性は開示に正の影響を与え、市場比率がその関係を強化することを示した。財務パフォーマンスと市場評価が高い企業ほど、より包括的な開示を行う傾向がある。
English
This study examines the effect of profitability and liquidity on sustainability disclosure and the moderating role of market ratio, using a sample of 50 manufacturing firms listed on the Indonesia Stock Exchange. Results show that profitability and liquidity positively affect disclosure, and market ratio strengthens these relationships. Firms with stronger financial performance and market valuation tend to have more comprehensive sustainability disclosure.
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
インドネシアではあるが、日本企業のサステナビリティ報告の質向上にも示唆を与える。市場比率の調整効果に注目することで、投資家評価と開示レベルの関係を明らかにしている。
In the global GX context
This study adds to the global literature on determinants of ESG disclosure, which is relevant for TCFD/ISSB implementation. While based on Indonesian data, the findings on financial drivers of disclosure are broadly applicable.
👥 読者別の含意
🔬研究者:This paper contributes to sustainability disclosure literature by demonstrating moderating effects of market ratio on the financial performance-disclosure relationship.
🏢実務担当者:Companies can use these findings to understand that strong financial performance supports more comprehensive sustainability reporting, which can improve stakeholder trust.
📄 Abstract（原文）
This study examines the effect of profitability and liquidity on Sustainability disclosure and investigates the moderating role of market ratio in manufacturing companies listed on the Indonesia Stock Exchange during the 2024–2026 period. Increasing global attention to Environmental, Social, and Governance (ESG) issues has encouraged companies to improve transparency through Sustainability disclosure; however, the level of disclosure varies across companies. This research employs a quantitative explanatory approach using secondary data obtained from annual financial reports, Sustainability/ESG reports, and stock price data. The sample consists of 50 manufacturing companies selected through purposive sampling techniques. Data analysis was conducted using multiple linear regression analysis with the assistance of SPSS version 26. The results indicate that profitability and liquidity have a positive and significant effect on Sustainability disclosure. Furthermore, market ratio is proven to moderate the relationship between profitability and liquidity toward Sustainability disclosure by strengthening these relationships. The findings suggest that companies with stronger financial performance and favorable market valuation tend to disclose Sustainability information more comprehensively. This study contributes to the development of Sustainability reporting literature and provides practical implications for companies and investors in assessing corporate Sustainability performance.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.61445/tofedu.v5i2.1941first seen 2026-06-21 05:45:38
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