Financial Performance, Governance Mechanisms, and Industry Profile as Drivers of Sustainability Report Disclosure
財務業績、ガバナンスメカニズム、および業種プロファイルがサステナビリティ報告書開示に与える影響 (AI 翻訳)
Wahidahwati Wahidahwati, Carissa Zayyanti Adi Putri
🤖 gxceed AI 要約
日本語
インドネシア製造企業を対象に、財務業績、ガバナンス、業種プロファイルがサステナビリティ報告書開示に与える影響を分析。収益性、レバレッジ、独立取締役会、企業規模、業種タイプが有意な影響を持つ一方、企業活動と監査委員会は有意でない。GRI指標を用いた重回帰分析により、モデルは開示の78.7%を説明。
English
This study analyzes the influence of financial performance, governance mechanisms, and industry profile on sustainability report disclosure among Indonesian manufacturing companies listed on the Indonesia Stock Exchange from 2021-2023. Using GRI disclosure index and multiple linear regression on 156 firm-year observations, it finds that profitability, leverage, independent board of commissioners, company size, and industrial type significantly affect disclosure, while corporate activity and audit committee do not. The model explains 78.7% of variation.
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
インドネシア製造業のサステナビリティ報告開示の決定要因を実証。日本企業のサステナビリティ報告やSSBJ対応においても、財務状況やガバナンス構造が開示に影響する可能性を示唆。しかし、インドネシア特有の規制環境に基づくため、直接の適用には注意が必要。
In the global GX context
This paper provides empirical evidence on drivers of sustainability disclosure in an emerging market context, using GRI standards. For global GX practice, it reinforces the role of financial capacity and governance in disclosure quality, relevant for companies in similar regulatory environments. However, the Indonesian context may limit generalizability.
👥 読者別の含意
🔬研究者:This study adds to the literature on determinants of sustainability disclosure in emerging markets, using GRI index and longitudinal data.
🏢実務担当者:Companies can understand that profitability, leverage, board independence, and size influence the extent of sustainability reporting, which may help prioritize resources.
🏛政策担当者:Regulators can note that governance mechanisms like independent boards matter for disclosure, supporting the push for board independence requirements.
📄 Abstract（原文）
Given the inconsistent findings of previous studies and the limited evidence from Indonesian manufacturing companies, this study analyses the influence of financial performance, governance mechanisms, and industry profile on sustainability report disclosure among manufacturing companies listed on the Indonesia Stock Exchange during 2021–2023. Financial performance is represented by profitability, leverage, and corporate activity; governance mechanisms are represented by the independent board of commissioners and the audit committee; and industry profile is represented by company size and industrial type. The study uses secondary data obtained from annual reports, financial statements, and sustainability reports. Purposive sampling yielded 52 manufacturing companies and 156 firm-year observations. Sustainability report disclosure was measured using the Global Reporting Initiative disclosure index, and the data were analysed using multiple linear regression. The results show that the independent variables jointly have a significant effect on sustainability report disclosure. Individually, profitability, leverage, the independent board of commissioners, company size, and industrial type have significant effects, whereas corporate activity and the audit committee have no significant effects. The model explains 78.7% of the variation in sustainability report disclosure (adjusted R² = 0.787). The findings indicate that financial capacity, governance oversight, and firm visibility are relevant to sustainability disclosure among Indonesian manufacturing companies and are consistent with stakeholder and legitimacy perspectives.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.56557/jgembr/2026/v18i310880first seen 2026-07-22 06:25:40
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