Characteristics of independent directors affecting ESG disclosure by Russian public companies
ロシア公開企業のESG開示に影響する独立取締役の特性 (AI 翻訳)
K. A. Popov, Ekaterina A. Pischikova
🤖 gxceed AI 要約
日本語
本稿は、ロシアの大手上場非金融企業56社のパネルデータを用いて、独立取締役の特性が自主的なESG開示に与える影響を分析。女性独立取締役の存在や外国人社籍の独立取締役の比率が高いほどESG開示が促進される一方、技術的専門性を持つ独立取締役の比率が高いと開示が抑制されることを発見。MBAや学位の効果は見られなかった。
English
This study analyzes panel data from 56 large Russian non-financial public companies to assess the impact of independent director characteristics on voluntary ESG disclosure. It finds that female independent directors and foreign independent directors positively affect disclosure, while directors with technical backgrounds negatively affect it. MBA degrees and higher academic degrees show no significant effect.
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
ロシアでは2022年以降の制裁下でESG開示の実務が変化しており、本稿はその実証分析を提供。日本企業がロシア市場との関わりを検討する際の参考になる可能性があるが、SSBJ等の国内フレームワークとは直接関連しない。
In the global GX context
The paper provides empirical evidence on how board composition influences ESG disclosure under sanctions, relevant for understanding non-Western disclosure practices. It contributes to global scholarship on corporate governance and ESG, though the Russia-specific context limits direct application.
👥 読者別の含意
🔬研究者:Useful for researchers studying corporate governance and ESG disclosure in emerging markets, especially under geopolitical stress.
🏢実務担当者:Companies considering board composition to improve ESG reporting may find the results instructive, though context matters.
🏛政策担当者:Regulators exploring mandatory ESG disclosure can note the role of independent directors with specific backgrounds.
📄 Abstract（原文）
Purpose: this study aims to assess the impact of independent directors’ characteristics on voluntary ESG disclosure by Russian public non-financial companies. Methodology: this study conducts an econometric analysis of panel data on 56 large Russian public non-financial companies listed on the Moscow Stock Exchange, which published standalone ESG and sustainability reports from 2017 to 2023. Findings: the significant positive impact of female independent board members on voluntary ESG disclosure has been identified, while greater representation of foreign independent directors prompted Russian companies to continue publishing standalone ESG reports in the period of massive sanctions in 2022–2023. The results do not support hypothesis on the positive impact of independent directors with an MBA and higher academic degrees on voluntary ESG disclosure. A higher percentage of independent board members with technical professional experience negatively affected voluntary ESG disclosure by Russian public companies. Companies with greater percentages of independent directors with CEO-level managerial experience tended to continue publishing ESG-reports in 2022–2023, while the effects of independent directors’ experience in finance and public services were insignificant. Originality and contribution: the findings confirm the significant impact of knowledge and competencies brought by independent directors on ESG disclosure by public companies. These findings are highly relevant for business practitioners in the context of requirements for mandatory non-financial disclosure by Russian public companies, as well as for researchers investigating the impact of corporate governance characteristics on the ESG disclosure by Russian companies.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.21638/spbu18.2026.103first seen 2026-06-26 05:36:11
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