Do Stable Banks Disclose More Climate Risk? Governance Evidence from the MENA Region
安定した銀行はより多くの気候リスクを開示するのか？MENA地域からのガバナンスのエビデンス (AI 翻訳)
A. Metwally, M. S. El-Deeb, Ahmed Bahieg Ragheb Mohamed, Eman Adel Ahmed
🤖 gxceed AI 要約
日本語
本研究は、中東・北アフリカ（MENA）地域の46行の銀行を対象に、気候リスク開示（CRD）の決定要因を分析。取締役会の独立性、規模、多様性がCRDに与える影響を調査し、銀行の財務安定性（Zスコア）が調整変数として機能することを発見。独立性は直接的な影響を持たないが、財務安定性が高い場合にCRDを促進する。
English
This study analyzes determinants of climate risk disclosure (CRD) in 46 MENA banks. It finds that board size and gender diversity positively affect CRD, while board independence only helps when banks have high financial stability (moderated by Z-score). The research provides robustness tests and contributes to understanding governance and disclosure in emerging markets.
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、金融庁の有価証券報告書における気候関連開示義務化が進む中、銀行のガバナンス構造と財務健全性が開示に与える影響は示唆に富む。特に、取締役会の独立性と財務安定性の相互作用は、日本の地域銀行の開示戦略に参考となる。
In the global GX context
This paper adds to global climate disclosure literature by examining an understudied region (MENA) and revealing that financial stability moderates the effect of board independence on disclosure. For global practitioners, it highlights that governance quality alone may not suffice; financial health enables better climate risk communication.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the moderating role of bank financial stability in the governance-disclosure nexus, relevant for studies on climate risk determinants in emerging markets.
🏢実務担当者:Banks should consider both board composition and financial stability to improve climate risk disclosure, which can enhance ESG ratings and stakeholder trust.
🏛政策担当者:Regulators may note that financial stability enables more effective governance of climate disclosure, suggesting that prudential and disclosure policies should be coordinated.
📄 Abstract（原文）
The current study aims to identify the factors influencing the disclosure of climate-related risk information by the MENA banking sector and how bank financial stability acts as a moderator. The study draws from agency theory, resource dependency theory, and organizational legitimacy theory. Textual analysis is used to analyze a panel data set comprising 46 banks of 13 MENA countries for the years 2020 to 2024 (230 observations). We investigate the impact of board independence, board size, and gender diversity on climate risk disclosure. It is found that while board size and gender diversity have a positive effect on CRD, there is no direct effect of board independence on CRD. However, after taking bank financial stability (Z-score) into account as a moderating variable, it is revealed that there is a significantly positive relationship between board independence and bank financial stability. Therefore, it can be said that independent board members are helpful in CRD only when banks have sound financial stability. This study provides various robustness tests through subsample analysis and alternative methods of estimating model parameters.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.3390/ijfs14070171first seen 2026-07-10 05:49:43
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