Impact of Environmental, Social and Governance Disclosure on Financial Performance of African Listed Companies
アフリカ上場企業の環境・社会・ガバナンス開示が財務パフォーマンスに与える影響 (AI 翻訳)
Mwila Bwanga Bwalya
🤖 gxceed AI 要約
日本語
本研究は、アフリカ上場企業におけるESG開示が財務パフォーマンスに与える影響を分析した。2020〜2024年のパネルデータを用いた回帰分析の結果、ESG開示と環境開示は財務パフォーマンスに有意な正の効果を示したが、ガバナンス開示、企業規模、レバレッジは統計的に有意ではなかった。この結果は、ESG開示の義務化と企業による持続可能性報告への投資の増加を提言する。
English
This study examined the impact of ESG disclosure on financial performance of African listed firms using panel data from 2020-2024. Results show significant positive effects of ESG and environmental disclosure, while governance disclosure, firm size, and leverage were insignificant. The study recommends mandatory ESG disclosure and increased investment in 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
日本ではSSBJ基準の策定が進む中、ESG開示と財務パフォーマンスの関連を示す本研究成果は、日本の投資家や企業が新興市場での開示戦略を検討する上で参考となる。特に、環境開示の重要性が強調されている点が注目される。
In the global GX context
This paper contributes to the growing literature on ESG disclosure and financial performance, providing evidence from an African context. It supports the case for mandatory ESG disclosure, aligning with global trends such as ISSB standards and CSRD.
👥 読者別の含意
🔬研究者:Provides empirical evidence from Africa on ESG-financial performance link, relevant for scholars studying disclosure effects in emerging markets.
🏢実務担当者:Highlights the financial benefits of ESG and environmental disclosure for African firms, useful for corporate sustainability teams in Africa or investors in the region.
🏛政策担当者:Supports the argument for mandatory ESG disclosure regulations in African countries.
📄 Abstract（原文）
The study examined the impacts of social, environmental and governance disclosure on financial performance of African listed firms. The study was anchored on the resource-based view theory. The quantitative design was employed utilising panel data for the period from 2020 to 2024. Data was obtained from a sample of 13 firms drawn from S&P Africa 40 firms. Data was obtained from published audited financial statements of the selected firms and S&P Global database. Panel regression was employed where the random effects model was found the most suitable estimator. The results showed significant positive effects of ESG disclosure and environmental disclosure on financial performance. Governance disclosure, firm size and leverage were found statistically insignificant. The study recommended for mandatory ESG disclosure by governmental and regulatory authorities and increased investments in sustainability reporting by the firms.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.5296/bms.v17i2.23562first seen 2026-05-15 18:25:38
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