FINANCIAL PERFORMANCE AND SUSTAINABILITY: LINKING ROI AND ROE TO ESG DISCLOSURE IN ROMANIAN COMPANIES
財務業績とサステナビリティ：ルーマニア企業におけるROI・ROEとESG開示の関連 (AI 翻訳)
Irina Coiciu
🤖 gxceed AI 要約
日本語
ルーマニアの主要8社（自動車、エネルギー、小売）を対象に、ESG開示の透明性と財務業績（ROI・ROE）の関係を分析。ESGへの積極的な取り組みと責任あるリーダーシップが高い収益性と財務安定性と関連することを示した。サステナビリティ報告と財務業績は相互強化関係にあり、長期的な競争力に寄与する。
English
This study examines the relationship between ESG disclosure and financial performance (ROI, ROE) among eight major Romanian companies in automotive, energy, and retail sectors from 2021-2023. Findings indicate that firms with strong ESG alignment and responsible leadership exhibit higher profitability and stability, while those with weaker ESG practices show fluctuating results. The results support the reinforcing link between sustainability reporting and financial performance, enhancing long-term competitiveness in emerging markets.
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
ルーマニアの事例だが、日本企業にとってもESG開示と財務業績の関連性を示す点で示唆がある。SSBJ対応や統合報告書の実践において、投資家への説明材料となる。
In the global GX context
This paper provides empirical evidence from an emerging EU market (Romania) on the positive association between ESG disclosure quality and financial performance. It reinforces the global trend toward integrated reporting and the business case for sustainability transparency, relevant for ISSB and CSRD contexts.
👥 読者別の含意
🔬研究者:Provides empirical evidence from an underrepresented region linking ESG disclosure to ROI and ROE, useful for comparative studies.
🏢実務担当者:Demonstrates that robust ESG disclosure is associated with stronger financial outcomes, supporting internal business cases for sustainability investments.
🏛政策担当者:Supports mandatory ESG disclosure initiatives by showing transparency correlates with financial stability and long-term competitiveness.
📄 Abstract（原文）
The growing importance of sustainability and responsible corporate governance has transformed financial reporting into an integrated process that includes Environmental, Social, and Governance (ESG) indicators. This paper examines the relationship between financial profitability and sustainability disclosure among major Romanian companies, assessing whether transparency in ESG practices is associated with stronger financial outcomes. The study uses secondary data from annual reports and sustainability disclosures published between 2021 and 2023. A comparative analysis was conducted on eight companies from four strategic sectors — automotive, energy (oil & gas and electricity), and retail — using two profitability indicators: Return on Investment (ROI) and Return on Equity (ROE). The findings show that companies with solid ESG alignment and responsible leadership (Hidroelectrica, Dacia, Kaufland) display higher profitability and greater financial stability. In contrast, firms facing undercapitalization or market volatility (Rompetrol, Electrica Furnizare) demonstrate weaker or fluctuating results. These results confirm that sustainability reporting and financial performance reinforce each other, supporting long-term competitiveness in a knowledge-based economy. The study contributes to understanding how responsible leadership and transparency can enhance resilience and sustainable value creation in emerging European markets. Keywords: ROI, ROE, ESG disclosure, financial performance, sustainability reporting
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.66793/titue19proceeding9first seen 2026-06-17 05:13:57
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