Environmental Accounting Disclosures and Financial Performance: A Two-Year Comparative Study of Indian Firms
環境会計情報開示と財務パフォーマンス：インド企業における2年間の比較研究 (AI 翻訳)
Aditi Khandelwal, Mamta Jain
🤖 gxceed AI 要約
日本語
本研究は、インドの主要企業50社を対象に、2022-2024年の環境会計情報開示の実態と財務パフォーマンスとの関係を分析した。結果、純利益率と総資産利益率は改善したが、環境情報開示の水準には有意な変化が見られなかった。企業の環境報告慣行は財務業績の短期的変動に影響されないことが示唆された。
English
This study analyzes environmental accounting disclosures and financial performance of top 50 Indian firms over 2022-2024. Net profit margin and ROA improved, but disclosure levels remained unchanged. The findings suggest that environmental reporting practices are not significantly influenced by short-term financial performance changes.
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
本論文はインド企業を対象としているが、財務パフォーマンスの改善が環境情報開示の向上に直結しないという結果は、日本の企業にも示唆を与える。特にSSBJ基準や有報での環境情報開示が進む中、開示の質は短期的な利益変動に左右されず、中長期的な戦略として取り組む必要があることを示している。
In the global GX context
This paper contributes to the global literature on environmental disclosure and financial performance by providing evidence from an emerging market. The finding that disclosure levels remain stable despite financial fluctuations has implications for standard-setters like ISSB and regulators designing mandatory disclosure rules.
👥 読者別の含意
🔬研究者:This paper adds to the empirical evidence on environmental disclosure–financial performance link, particularly in emerging markets.
🏢実務担当者:The results suggest that improving financial metrics alone may not drive better environmental disclosures; proactive reporting strategies are needed.
🏛政策担当者:Regulators should note that disclosure levels may not automatically improve with financial performance; mandatory requirements might be needed to ensure consistency.
📄 Abstract（原文）
Since companies are under increasing pressure to show both financial performance and environmental responsibility, environmental accounting disclosure has become a crucial component of corporate reporting. Using the fiscal years 2022–2023 and 2023–2024 as two years, this study examines the patterns and extent of environmental accounting disclosures and their relationship to financial performance in well-known Indian companies. Secondary data was gathered from the annual reports, sustainability reports, ESG disclosures, and Bombay Stock Exchange filings of the top 50 companies by market capitalization using a quantitative, comparative research design. Environmental accounting disclosure was measured using the Environmental Disclosure Index, which was based on the Razeed (2010) framework. Financial performance was assessed using return on equity, return on assets, earnings per share, and net profit margin. Annual differences in financial indicators and disclosure practices were examined using a paired-samples t-test. The findings indicate that the company is increasing its revenue and making better use of its assets in 2023–2024, as evidenced by the notable improvements in the Net Profit Margin and Return on Assets. However, there was no statistically significant change in return on equity or earnings per share. It's significant to note that over the course of the two years, environmental accounting disclosure levels remained largely unchanged, as did reporting practices. According to the study, the environmental disclosures made by big Indian corporations exhibit a consistent pattern that isn't significantly impacted by transient shifts in financial performance. Environmental reporting practices remained unchanged despite improvements in certain financial indicators. This indicates that Indian companies' financial performance and environmental accounting disclosure are taking different paths.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.62823/exre/2026/03/01.160first seen 2026-05-14 22:30:53
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