Moderating Effects of Profitability on The Relationship between ESG Reporting and Earnings Quality in African Manufacturing Firms
アフリカ製造企業におけるESG報告と収益品質の関係に対する収益性の調整効果 (AI 翻訳)
Israel S. Akinadewo, Jeremiah O. Akinadewo, Elijah O. Akinadewo
🤖 gxceed AI 要約
日本語
本研究は、アフリカの上場製造企業49社を対象に、ESG報告が収益品質に与える影響を収益性（ROA、ROE）の調整効果を考慮して分析。結果は、ESG報告の効果は収益品質の指標によって異なり、環境報告は一部の指標を強化するが他を弱めるなど、実質的な開示と象徴的な開示の違いを示唆。ROAは正の調整効果を持つがROEは弱い。
English
This study examines the impact of ESG reporting on earnings quality in 49 African listed manufacturing firms from 2012-2023, using profitability (ROA, ROE) as moderators. Results show mixed effects across earnings quality proxies: environmental reporting strengthens accruals magnitude-based quality but weakens accrual-based measures, highlighting substantive vs. symbolic disclosure. ROA positively moderates the ESG-earnings quality relationship, while ROE has weaker effects.
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
日本でもESG報告の信頼性が重視されており、本論文の知見は、収益性が高い企業ほどESG開示が収益品質を向上させる可能性を示唆。アフリカ製造企業のデータであるが、日本の製造業におけるESGと財務報告の関係を考える上で参考になる。
In the global GX context
This paper provides empirical evidence from an African context on the link between ESG disclosure and earnings quality, emphasizing the role of profitability. The findings are relevant for global standard setters (e.g., ISSB) and firms in emerging markets, suggesting that financial health influences the credibility of ESG reporting.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the moderating role of profitability in ESG-earnings quality relationship in an African context, with implications for disclosure theory.
🏢実務担当者:Highlights the importance of financial health for credible ESG reporting; firms should ensure profitability to avoid symbolic disclosure.
🏛政策担当者:Suggests mandatory assurance and convergence of ESG standards to enhance reporting credibility, especially in emerging markets.
📄 Abstract（原文）
This study examines the impact of Environmental, Social and Governance (ESG) reporting on earnings quality of African listed manufacturing firms while adopting profitability, proxied by Return on Assets (ROA) and Return on Equity (ROE), as a moderating variable. Adopting an ex post facto research design and panel data of 49 firms over the period 2012-2023, the study applies fixed-effects regression with robust standard errors to account for firm-specific heterogeneity. It is found that the effect of ESG reporting on earnings quality is not uniform for the three proxies: JMAQ, MJEQ, and DAEQ. Environmental reporting strengthens accruals magnitude-based JMAQ, but weakens accrual-based MJEQ and DAEQ, emphasizing differences between substantive and symbolic disclosure. The social and governance disclosures also have mixed results, suggesting that the quality of disclosure is related to the genuineness of the practice behind it. ROA exerts a positive impact on the quality of earnings in the ESG-earnings quality relation in all firms, which implies that financially strong firms have greater potential to turn their ESG engagements into believable reporting. On the other hand, ROE exhibits weaker and inconsistent interaction effects. The study indicates the central importance of profitability in determining whether ESG reporting will strengthen or weaken earnings quality for African manufacturing firms and suggests that stronger governance monitoring, the convergence of ESG disclosure standards, and the introduction of mandatory assurance regimes should be incorporated moving forward to support credible sustainability reporting.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.14419/3r5fpq96first seen 2026-05-14 22:07:50
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