The Sustainability–Liquidity Nexus: Insight of ESG Disclosure and Working Capital from Saudi Listed Firms
サステナビリティと流動性の関係：サウジアラビア上場企業におけるESG開示と運転資本の洞察 (AI 翻訳)
Waleed S. Alruwaili, Mahdi Alhamami, Bandar Alanazi
🤖 gxceed AI 要約
日本語
本稿は、サウジアラビア上場企業（2018-2022年）のデータを用いて、運転資本がESG開示に与える影響を分析。運転資本とESG開示の間に正の関係があることを発見し、特に大企業やコロナ禍で顕著であることを示した。また、コロナ禍での資金調達の増加が持続可能性報告を促進したと結論づけている。
English
This study examines how working capital determinants affect ESG disclosure using data from Saudi listed firms (2018-2022). It finds a positive association between working capital and ESG disclosure, especially among larger firms and during COVID-19. The authors also report that increased equity, debt, and cash holdings during the pandemic improved sustainability reporting.
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
日本企業にとって、運転資本管理がESG開示に影響するという知見は、特にサプライチェーン全体での開示対応を考える上で参考になる。ただし、サウジアラビア特有の制度環境を考慮する必要がある。
In the global GX context
This paper adds emerging-market evidence to the global debate on determinants of ESG disclosure. For international practitioners, the liquidity-sustainability nexus highlights the role of financial flexibility in enhancing transparency.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the link between working capital and ESG disclosure in an emerging market context.
🏢実務担当者:Suggests that maintaining adequate working capital can support stronger ESG disclosure practices.
🏛政策担当者:Offers insights for regulators in emerging markets on how financial positions influence corporate sustainability reporting.
📄 Abstract（原文）
This study investigates the influence of working capital determinants on ESG disclosure. Using data on Saudi listed firms for 2018–2022, we find that working capital is generally positively associated with a firm’s ESG disclosure. Furthermore, we observe that the positive association between working capital and ESG disclosure exists predominantly in larger firms and during the COVID-19 pandemic. Additionally, we find that during the COVID-19 pandemic, firms exhibited superior equity, debt, and cash holdings, which enhanced sustainability reporting practices. Our research provides imperative evidence about the effect of working capital on ESG disclosure from a risk management and financial flexibility perspective in emerging markets.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://www.mdpi.com/1911-8074/19/7/479/pdf?version=1782795537first seen 2026-07-03 05:37:38
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。