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Greenwashing or Governance? The Impact of ESG Reporting on Earnings Management in Banks

グリーンウォッシングかガバナンスか？ESG報告が銀行の利益管理に与える影響 (AI 翻訳)

Mayank Gupta

Business Strategy and the Environment📚 査読済 / ジャーナル2026-07-08#ESGOrigin: Global経営インパクト: 資金調達対象セクター: finance
DOI: 10.1002/bse.71252
原典: https://doi.org/10.1002/bse.71252

🤖 gxceed AI 要約

日本語

本研究は2009～2022年の19カ国376銀行のデータを用い、ESG報告と銀行の利益管理（earnings management）の負の関連を発見。特に環境・ガバナンス報告がこの効果を牽引し、投資家保護と経済発展が正に調整する。パリ協定やCOVID-19の影響も分析。ESG報告が金融報告の誠実性を高めることを示唆。

English

Using a sample of 376 listed banks across 19 countries from 2009–2022, this study finds a negative association between ESG reporting and banks' earnings management, driven by environmental and governance disclosures. Investor protection and economic development positively moderate this relationship. The paper also examines heterogeneous effects of the Paris Agreement and COVID-19, highlighting the role of sustainability reporting in enhancing financial reporting integrity.

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がサステナビリティ開示基準を策定中であり、本論文の知見は銀行のESG報告が財務報告の質向上に寄与することを示す点で、日本の金融機関や規制当局にとって示唆に富む。特に、投資家保護の強化がESG報告の効果を高めるという結果は、日本市場のコーポレートガバナンス改革と整合する。

In the global GX context

This global study provides empirical evidence that ESG reporting reduces earnings management in banks, directly supporting the rationale behind ISSB and other mandatory disclosure frameworks. The moderating roles of investor protection and economic development offer insights for policymakers designing regulations in different jurisdictions. It also underscores the value of sustainability reporting beyond mere compliance.

👥 読者別の含意

🔬研究者:This paper contributes to the ESG–earnings management literature by documenting a negative association and identifying moderators such as investor protection.

🏢実務担当者:Bank managers can leverage ESG reporting as a tool to enhance financial reporting quality and reduce earnings manipulation.

🏛政策担当者:Regulators should consider strengthening investor protection and economic development to amplify the benefits of ESG disclosure on financial integrity.

📄 Abstract（原文）

ABSTRACT The study investigates the undocumented connection between ESG reporting and banks' earnings management. Moreover, the study examines the unexplored role of investor protection and economic development in moderating the nexus between ESG reporting and bank earnings management. The sample consists of 376 listed banks from 19 countries over the 2009–2022 period. The results indicate that ESG reporting is negatively associated with bank earnings management. Precisely, the negative association is driven by environmental and governance reporting. Furthermore, investor protection and economic development positively moderate the nexus between ESG reporting and earnings management. The study further unveils the heterogeneous impacts of the Paris Agreement and COVID‐19 in shaping the association. The results survive several robustness checks, including alternate estimators, different measures of earnings quality and ESG reporting, sub‐sample analysis, and selection concerns. The findings have substantial implications for all stakeholders, emphasizing the critical role of sustainability reporting in strengthening banks' financial reporting integrity.

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