ESG開示がエネルギー企業の企業価値に与える影響（2020-2024年）
Pengaruh Envionmental, Social, Governance (ESG) Disclosure terhadap Nilai Perusahaan Sektor Energi pada Tahun 2020-2024 (原題)
Mohammad Rafli Putera Fadhlyta, Willy Sri Yuliandhari
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所上場のエネルギー企業を対象に、ESG開示と企業価値の関係をパネルデータ回帰で分析。企業規模と収益性は企業価値を高めるが、レバレッジの影響は一貫しない。ESG開示の質向上が企業価値に寄与する可能性を示唆。
English
This study analyzes the relationship between ESG disclosure and firm value for Indonesian energy firms using panel data regression. Firm size and profitability positively affect firm value, while leverage shows inconsistent results. The findings suggest that improving ESG disclosure quality can enhance firm value, offering insights for management and investors.
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開示が始まり、ESG情報の質と企業価値の関連への関心が高い。本研究成果は新興国市場の証拠として、日本企業の海外投資家向け開示戦略やアジア市場でのベンチマークに参考になる。
In the global GX context
This study provides empirical evidence from an emerging market on the ESG disclosure-firm value nexus, complementing global research. It underscores the importance of disclosure quality for investor decision-making, relevant to ISSB-aligned reporting and cross-market comparisons.
👥 読者別の含意
🔬研究者:新興国におけるESG開示と企業価値の実証的知見を提供。
🏢実務担当者:ESG開示の質向上が企業価値に与える影響を理解し、開示戦略に活用できる。
🏛政策担当者:新興国市場でのESG開示規制の効果を示す証拠として参考になる。
📄 Abstract（原文）
This research investigates the link between ESG disclosure and firm value within energy companies, incorporating firm size, profitability, and leverage as control variables to improve the precision of the estimates. A quantitative causal research design is employed, relying on secondary data drawn from the annual and sustainability reports of energy-sector companies listed on the Indonesia Stock Exchange across 2020 to 2024. The sample was determined via purposive sampling, and panel data regression served as the analytical technique, preceded by descriptive statistics, classical assumption tests, and selection of the optimal regression model. The results indicate that ESG disclosure does influence firm value, although the magnitude of this influence varies according to each company’s conditions and the extent of its disclosure. Larger company size and higher profitability tend to raise firm value, while leverage shows inconsistent results linked to each firm’s risk exposure. This study contributes to the body of literature concerning the relationship between ESG and firm value, particularly within the energy industry. Its findings may guide corporate management in enhancing the quality of ESG disclosure and assist investors in making more informed investment choices. Future research is encouraged to incorporate further variables, such as governance quality and macroeconomic indicators, to produce a more comprehensive understanding.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://jurnal.itbsemarang.ac.id/index.php/JURA/article/download/4242/4140first seen 2026-09-02 05:25:19 · last seen 2026-09-22 05:00:05
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