持続可能性開示報告書とグリーン会計が企業の財務パフォーマンスに与える影響
Sustainability Disclosure Report and Green Accounting on the Company's Financial Performance (原題)
Mutiara Adinda Kurnia, Ifan Wicaksana Siregar
🤖 gxceed AI 要約
日本語
インドネシア証券取引所上場の鉱業企業11社・55観測を対象に、持続可能性開示報告書とグリーン会計がROAに与える影響を2020〜2024年で検証した。持続可能性開示は統制変数投入前は正に有意だが、企業規模とレバレッジを統制すると非有意となった。グリーン会計は有意な影響を示さず、企業規模とレバレッジは負に有意だった。短期的な財務効果は限定的だが、長期的な企業持続可能性への戦略的役割を示唆する。
English
Using 11 Indonesian-listed mining firms (55 observations, 2020–2024), this study tests how sustainability disclosure and green accounting affect ROA. Sustainability disclosure is positively significant before controls but turns insignificant once firm size and leverage are added; green accounting shows no significant effect, while size and leverage are negatively significant. The model explains 26.7% of ROA variation, suggesting sustainability practices matter strategically long-term rather than financially short-term.
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・有報でのサステナビリティ開示義務化が進み、開示と財務パフォーマンスの関係は投資家対応の重要論点。新興国での実証結果は、開示コストと便益の比較検討に参照価値がある。
In the global GX context
As ISSB/SSBJ-aligned disclosure becomes mandatory across jurisdictions, evidence on whether disclosure translates into financial performance remains contested. This emerging-market study adds a non-OECD data point to the global debate on the short-term costs versus long-term strategic value of sustainability reporting.
👥 読者別の含意
🔬研究者:開示と財務成果の因果関係を新興国・鉱業セクターで検証した小規模パネル研究として、統制変数の影響を踏まえた解釈の参考になる。
🏢実務担当者:短期的なROA改善を期待するより、開示を長期的な企業価値・資金調達基盤の整備として位置づける示唆が得られる。
🏛政策担当者:開示義務化の財務的効果が即時的でない可能性を示し、制度設計では長期便益の評価枠組みが重要となる。
📄 Abstract（原文）
This study aims to analyze the influence of Sustainability disclosure Report and application of Green Accounting to the financial performance of mining companies listed on the Indonesia Stock Exchange (IDX) for the 2020–2024 period. Financial performance is proxied using Return on Assets (ROA). on Assets (ROA), while the company size ( Firm Size ) and Leverage are used as control variables. This study uses a quantitative approach with a causality design and panel data obtained from annual reports and company sustainability reports. The research sample was determined using a purposive sampling technique, resulting in 11 companies with a total of 55 observations. Data analysis was conducted using multiple linear regression after testing the classical assumptions. The results of the study indicate that Sustainability disclosure Reports have a positive and significant effect on financial performance before the control variables are entered, but this effect becomes insignificant after being controlled by Firm Size and Leverage . The implementation of Green Accounting does not have a significant effect on financial performance in both models. Meanwhile, Firm Size and Leverage have a negative and significant effect on financial performance. Simultaneously, Sustainability Report , Green Accounting , Firm Size and leverage significantly influence financial performance, with the model explaining 26.7% of the variation in ROA. This finding indicates that sustainability practices have not directly impacted financial performance in the short term, but they still play a strategic role in supporting long-term corporate sustainability.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.55681/economina.v5i8.3910first seen 2026-09-14 04:48:00
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