Sustainability Reporting And Financial Performance: A Case Study On Indonesia’s Mining Sector
サステナビリティ報告と財務業績：インドネシア鉱業セクターの事例研究 (AI 翻訳)
Miratul Husna Neris, Galih Mulya, Sari Kartikaningrum, Afrida Nur Chasanah
🤖 gxceed AI 要約
日本語
本研究は、インドネシア鉱業企業25社のパネルデータを用い、経済・環境・社会の各開示が財務業績（ROA）に与える影響を分析。環境開示は正の相関、経済・社会開示は負の相関を示した。1年ラグの頑健性テストでは、社会開示の負の影響が持続することが示唆された。
English
This study analyzes the impact of economic, environmental, and social disclosures on the financial performance (ROA) of 25 Indonesian mining companies using panel data from 2021-2024. Environmental disclosure is positively associated with financial performance, while economic and social disclosures show negative associations. A one-year lagged robustness test suggests the negative effect of social disclosure persists.
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、鉱業など特定セクターにおける開示と財務への影響を示す本研究成果は、国内企業の開示戦略や投資家対応に示唆を与える。ただしインドネシア固有の制度環境に依存する点に注意が必要。
In the global GX context
As global sustainability disclosure frameworks (ISSB, GRI) converge, this study provides empirical evidence from an emerging market mining sector, highlighting the differential financial impacts of disclosure dimensions. It offers insights for firms and regulators in resource-dependent economies.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the financial effects of GRI-based disclosure dimensions in an emerging market context, with a robustness test for persistence.
🏢実務担当者:Indonesian mining firms can use the findings to prioritize environmental disclosure which shows positive financial association.
🏛政策担当者:Suggests that mandatory sustainability disclosure frameworks may need to consider sector-specific dynamics, as social disclosure showed persistent negative association.
📄 Abstract（原文）
This study examines the effects of economic, environmental, and social disclosures on the financial performance of Indonesian mining companies. Panel data from 25 mining companies listed on the Indonesia Stock Exchange during 2021–2024 were analyzed using the Estimated Generalized Least Squares (EGLS) approach. Sustainability disclosure was measured using the GRI Standards 2016, with Return on Assets (ROA) as the financial performance proxy. A one-year lagged robustness test assessed the persistence of the observed associations.Environmental disclosure was positively associated with financial performance, whereas economic and social disclosures were negatively associated. The robustness test suggested that economic and environmental disclosure effects were primarily contemporaneous, while the negative association of social disclosure appeared to persist.The findings provide insights for firms and policymakers in improving sustainability reporting practices. This study examines the three dimensions of sustainability disclosure and incorporates a lagged robustness test to assess the persistence of the observed associations.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://edujavare.com/index.php/jcpa/article/download/1568/1308first seen 2026-07-14 05:04:09
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