Does Doing Good Pay Off? Mapping Disclosure Dynamics, Intellectual Structure, and Emerging Frontiers
良い行いは報われるのか？開示ダイナミクス、知的構造、新たなフロンティアのマッピング (AI 翻訳)
Laxman Tandan, R. Pradhan, S. Samarakoon, M. Jayakumar
🤖 gxceed AI 要約
日本語
本論文はESG開示が企業の資本市場での結果に与える影響を体系的にレビューした。分析の結果、ESG開示は資本コストや企業価値に影響を与えるが、その効果は地理的・制度的・規制的文脈に依存することが示された。今後の研究の方向性や政策への示唆も提示している。
English
This systematic literature review synthesizes the state of knowledge on ESG disclosure dynamics and its effects on firms' capital market outcomes. Using bibliometric and thematic analysis, it finds that ESG disclosure affects cost of capital and firm value, but effects vary by geographical, institutional, and regulatory contexts. The study outlines future research directions and implications for policymakers and corporate executives.
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
このレビュー論文は、ESG開示が資本市場に与える影響を包括的に整理しており、日本のSSBJや有価証券報告書における非財務情報開示の実務にも示唆を与える。特に、文脈依存性の指摘は、日本企業が国際的な開示基準に対応する際の考慮点として有用。
In the global GX context
This review maps the landscape of ESG disclosure research, highlighting how effects depend on context. For global GX practitioners, it underscores that the value of climate and ESG disclosure is not universal but shaped by regulatory and market environments. This is critical for designing disclosure mandates and for corporate strategies in different jurisdictions.
👥 読者別の含意
🔬研究者:Researchers can use this review to identify gaps in ESG disclosure literature, especially regarding contextual factors and causal mechanisms.
🏢実務担当者:Corporate sustainability teams can understand that the benefits of ESG disclosure are context-dependent, helping to tailor disclosure strategies to specific market and regulatory conditions.
🏛政策担当者:Policymakers should note that the impact of mandatory ESG disclosure on capital markets varies by institutional setting, suggesting the need for localized implementation approaches.
📄 Abstract（原文）
Within the evolving architecture of sustainable finance, the transmission mechanisms linking environmental, social, and governance (ESG) disclosure to firms' capital market results remain insufficiently theorized and contextually contingent. This study presents a systematic literature review (SLR) aimed at synthesizing and assessing the existing state of knowledge within the ESG disclosure dynamics. Following a systematic approach aligned with the PRISMA guidelines, 73 peer‐reviewed journals published from 2015 onward were selected from the Scopus and Web of Science databases. This review presents the results in three different sections: descriptive bibliometric analysis, network mapping, and thematic analysis. The result demonstrates that ESG disclosure has effects on the capital cost and firm value; however, it varies according to geographical, institutional, regulatory, and other contextual factors. Considering market‐based, firm‐specific, and regulatory determinants, the sensitivity and direction of effects are unique and context‐dependent. Accordingly, this study delineates directions for future research and derives evidence‐based implications for policymakers, corporate executives, regulatory bodies, and academic scholars.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1002/csr.70515first seen 2026-05-15 21:53:16
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