The Mediating Role of Big Data Analytics on the Relationship Between Environmental, Social, and Governance (ESG) Scoring and Firm Value
ビッグデータ分析がESGスコアと企業価値の関係に及ぼす媒介効果 (AI 翻訳)
Ahmed Mohamed Shawki Tawfik, Hanan Mohamed Ismail Youssef, Aljaohra Ali Altuwaijri, Laila Mohamed Alshawadfy Aladwey
🤖 gxceed AI 要約
日本語
本研究は、サウジアラビア上場企業を対象に、ESGスコアと企業価値（トービンのQ）の関係においてビッグデータ分析（BDA）が部分媒介効果を持つことを実証。SEMとブートストラップ法を用い、BDA能力がESGの価値実現に戦略的役割を果たすことを示した。
English
This study demonstrates a partial mediation effect of big data analytics (BDA) on the relationship between ESG scoring and firm value (Tobin's Q) for Saudi listed firms from 2021-2024, using SEM and bootstrap analysis. The findings suggest that BDA capabilities act as strategic assets that enhance the market value impact of ESG performance.
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
サウジアラビア市場を対象とした研究だが、日本的にはESG情報開示とデジタル投資（BDA）の連携が企業価値向上に寄与する点が示唆的。SSBJ対応において、データ分析基盤の整備がESG経営の実効性を高める可能性を示す。
In the global GX context
While focused on Saudi Arabia, this study offers global relevance by empirically showing that big data analytics capabilities mediate the ESG-firm value relationship. For ISSB adopters, it highlights the importance of complementary technology investments to realize the value of ESG disclosures.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the mediating role of BDA in the ESG-firm value nexus in an emerging market, useful for comparative studies.
🏢実務担当者:Suggests that investing in big data analytics can amplify the market value benefits of ESG practices.
🏛政策担当者:Indicates that ESG initiatives may need complementary support for data analytics infrastructure to achieve intended value outcomes.
📄 Abstract（原文）
This study investigates the role of big data analytics (BDA) on the relationship between environmental, social, and governance (ESG) scoring and Saudi listed firm value over the four-year period from 2021 to 2024. We employed structural equation modeling (SEM) as a path analysis and a 5000-replication bootstrap method to evaluate the mediation effect of BDA and to enhance inferential robustness. The findings indicate a partial mediation effect of BDA on the relationship between ESG scoring and Tobin’s Q, indicating that ESG contributes to firm value partly through BDA capabilities. The findings underscore the role of leverage ratio and firm size as predictors of BDA effect on firm value. The study is grounded in stakeholder, signaling, and resource-based theories, arguing that ESG performance builds stakeholder trust, ESG scores signal firm value, and BDA capabilities act as strategic assets that enhance market valuation. The findings emphasize the importance of Saudi investors supporting the integration of BDA within ESG practices to maximize firm value, consistent with stakeholder theory. This study contributes to the literature in two ways. First, it demonstrates the mediating role of BDA in the ESG–firm value nexus, reinforcing the market relevance of ESG signals in line with signaling and resource-based perspectives. Second, it extends empirical evidence on the strategic role of BDA in ESG contexts within emerging markets. For policymakers, the results suggest that ESG initiatives require complementary investments in BDA capabilities to achieve their value potential.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.3390/jrfm19070470first seen 2026-07-18 06:44:41
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