What drives the quality of corporate ESG disclosures?
企業のESG開示の質を決定する要因は何か (AI 翻訳)
T. Tsalis, Nikolaos S. Trevlopoulos, G. Avlogiaris, Panagiotis Kosmas, K. Vatalis, Ioannis E. Nikolaou
🤖 gxceed AI 要約
日本語
本研究は、ギリシャの企業によるESG情報開示の質を評価する。アテネ証券取引所のガイドラインに基づき、内容分析フレームワークを構築。サンプル企業の開示は中程度であり、環境項目が最も良く開示され、業種の感受性が影響を与えるが、上場状況や発行年は影響しない。
English
This paper examines the quality of ESG disclosures of Greek firms using a content analysis framework based on the Athens Stock Exchange guidelines. Findings show moderate disclosure quality, with environmental issues best disclosed and industry sensitivity affecting quality, while listing status and year do not. The study contributes empirical evidence on ESG reporting behavior in an EU member state.
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
本論文はギリシャ企業を対象としているが、ESG開示の質に影響する要因（業種感受性など）の分析は、日本のSSBJ対応や有報でのESG情報充実を図る企業にも示唆を与える。日本ではまだESG開示の質に関する実証研究が限られているため、方法論の参考になる。
In the global GX context
This study adds to the growing body of empirical research on ESG disclosure quality, specifically in the context of an EU stock exchange guideline harmonized with international standards. It highlights the role of industry sensitivity and demonstrates that even within a common regulatory regime, disclosure quality varies, providing a benchmark for global comparison.
👥 読者別の含意
🔬研究者:Researchers can use the content analysis framework and findings as a basis for cross-country comparisons or to examine drivers of ESG disclosure quality in other jurisdictions.
🏢実務担当者:Corporate sustainability teams can learn from the moderate disclosure levels and understand that industry sensitivity matters more than listed status when improving ESG reporting.
🏛政策担当者:Policymakers may consider the finding that guideline presence alone does not ensure high-quality disclosure; enforcement and sector-specific guidance may be needed.
📄 Abstract（原文）
Today, environmental, social and governance (ESG) issues are very important for the corporate sustainability reporting performance and trustworthiness. To help organizations respond to these expectations, guides have been designed, offering a systematic approach for reporting ESG information. Although such standards facilitate firms to disclose a complete picture of their ESG performance, the effective implementations of these guidelines remain a challenge for the business community. In this context, this paper examines the quality of ESG information disclosed by Greek firms in relation to an ESG guide introduced by the Athens Stock Exchange (Greece) which is in line with the various international standards. An evaluation framework based on a content analysis technique was constructed that combines a set of reporting topics and a scoring system. This framework was applied to a sample of Greek sustainability reports to assess the quality of the disclosed ESG information. The findings showed that the sampled firms provide a moderate level of ESG disclosure in terms of both quality and quantity. Environmental issues are the most well-disclosed issues compared to the other two ESG dimensions, with industry sensitivity (i.e. division into sensitive and non-sensitive sectors) being a factor which affects disclosure performance. In contrast the listed status of firms and the publication years do not affect the disclosure quality. This paper contributes to the literature on the quality of ESG disclosures. Focusing on the Greek context, it provides insights into the ESG reporting behavior of firms operating under the common regulatory regime of a European Union member state. It offers empirical evidence on the ESG reporting practices of Greek firms and their initial responses to the requirements of an ESG guideline.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1108/jrf-04-2025-0199first seen 2026-05-15 18:37:07
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