所有構造とESG開示
STRUKTUR KEPEMILIKAN DAN PENGUNGKAPAN ESG (原題)
Dominicus Savio Marandri, Dyna Rachmawati
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所に上場する非金融企業364社・年を対象に、所有構造がESG開示水準に与える影響を検証した。経営者・機関投資家所有はESG開示に影響せず、家族・過半数所有は負の影響、政府所有は正の影響を示した。企業規模は正の影響、収益性とレバレッジは影響なしという結果である。
English
This study examines how ownership structure affects ESG disclosure among 364 non-financial firm-years listed on the Indonesia Stock Exchange (2021–2024). Managerial and institutional ownership show no effect, family and majority ownership have negative effects, and government ownership has a positive effect. Firm size positively affects disclosure, while profitability and leverage do not.
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基準や有報でのサステナビリティ開示が進む中、所有構造と開示姿勢の関係は、特に同族企業や政府系企業のガバナンス設計を考える上で示唆に富む。インドネシアの事例は、新興国におけるESG開示の制度的・所有構造的要因を理解する比較材料となる。
In the global GX context
This paper contributes to global disclosure scholarship by linking agency theory and ownership structure to ESG reporting in an emerging market. It offers empirical evidence on how family, majority, and government ownership shape disclosure incentives, relevant to ISSB adoption debates in Asia and beyond.
👥 読者別の含意
🔬研究者:所有構造とESG開示の関係に関する新興国エビデンスを提供し、エージェンシー理論の適用範囲を広げる。
🏢実務担当者:自社の所有構造がESG開示姿勢に与える影響を理解し、開示戦略やガバナンス改革の参考にできる。
🏛政策担当者:政府所有企業の開示促進や、家族・過半数所有企業への開示規制設計に示唆を与える。
📄 Abstract（原文）
This study aims to analyze the impact of ownership structure on the level of environmental, social, and governance (ESG) disclosure. The ownership structures in this study include managerial, institutional, family, majority, and government ownership. ESG is considered an important indicator in reflecting a company's commitment to sustainability and social responsibility in the modern business era. These ownership structures have varying impacts on ESG disclosure based on agency theory. This study uses a quantitative approach to test the hypothesis. This study has a population of non-financial companies listed on the Indonesia Stock Exchange (IDX) for the period 2021 to 2024. The study sample consists of 364 company-years. The results of multiple linear regression analysis indicate that managerial and institutional ownership do not affect ESG disclosure. Family and majority ownership have a negative effect on ESG disclosure. Government ownership has a positive effect on ESG disclosure. The control variables in this study are profitability, company size, and leverage. Profitability and leverage do not affect ESG disclosure. Company size has a positive effect on ESG disclosure. The findings of this study have the following implications: first, companies with majority and family ownership tend to withhold strategic information, such as ESG, to protect their interests (entrenchment effect). Second, state-owned enterprises face high public pressure, which leads to increased compliance with ESG disclosures. Third, managerial and institutional ownership do not reduce information asymmetry
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://jurnaltsm.id/index.php/EJATSM/article/download/3420/2011first seen 2026-10-01 05:43:19 · last seen 2026-10-02 05:47:00
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。