← 論文一覧に戻る

HOW INSTITUTIONAL OWNERSHIP MODERATES ESG DISCLOSURE, FINANCIAL DISTRESS, AND RELATED PARTY TRANSACTIONS ON TAX AGGRESSIVENESS?

機関所有がESG開示、財務危機、関連当事者取引が税攻撃性に与える影響を緩和するか？ (AI 翻訳)

Nadya Mutiara Sari, B. Solikhah

Current: Jurnal Kajian Akuntansi dan Bisnis Terkini📚 査読済 / ジャーナル2026-07-01#ESG対象セクター: cross_sector
DOI: 10.31258/current.7.2.365-381
原典: https://current.ejournal.unri.ac.id/index.php/jc/article/download/1204/510
📄 PDF

🤖 gxceed AI 要約

日本語

インドネシア証券取引所上場の非金融企業841社（2020-2024年）を対象に、ESG開示、財務危機、関連当事者取引（RPT）が税攻撃性に与える影響を分析。機関所有の調整効果を検証し、ESG開示と財務危機の影響を弱めるがRPTには効果がないことを発見。エージェンシー理論と正当性理論を支持する結果。

English

Analyzes how ESG disclosure, financial distress, and related party transactions (RPT) affect tax aggressiveness, with institutional ownership as a moderator, using 841 Indonesian non-financial firms (2020-2024). Finds positive effects of all three on tax aggressiveness, with institutional ownership weakening the effects of ESG disclosure and financial distress but not RPT. Supports agency and legitimacy theories.

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、ESG開示が税務戦略と整合するかが投資家対応で注目される。本研究成果は、ESG開示が単なるイメージ構築に使われるリスクを示唆し、SSBJ開示や統合報告書の質向上に示唆を与える。

In the global GX context

Globally, this study contributes to the debate on whether ESG disclosure reflects genuine sustainability or serves as a legitimizing tool. It provides evidence from an emerging market (Indonesia) on the moderating role of institutional ownership, relevant for investors and regulators assessing ESG credibility.

👥 読者別の含意

🔬研究者:Provides empirical evidence on the interplay between ESG disclosure and tax aggressiveness, with institutional ownership as a governance moderator, useful for agency and legitimacy theory research.

🏢実務担当者:Highlights that ESG disclosure may not deter aggressive tax behavior, suggesting that sustainability teams should align tax strategy with ESG commitments to avoid reputational risk.

🏛政策担当者:Suggests that regulators should consider governance mechanisms like institutional ownership when designing ESG disclosure requirements to ensure substantive compliance.

📄 Abstract（原文）

This study aims to analyze the effect of ESG disclosure, financial distress, and Related Party Transactions (RPT) on tax aggressiveness, as well as to examine the role of institutional ownership as a moderating variable. The research uses a quantitative method and covers 841 non-financial companies listed on the Indonesia Stock Exchange from 2020 to 2024. This yields 3,965 unbalanced panel observations obtained through purposive sampling, processed using winsorization to minimize outliers, and analyzed using multiple linear regression and moderated regression analysis. The results indicate that ESG disclosure, financial distress, RPT each have a positive and significant effect on tax aggressiveness. Institutional ownership weakens the influence of ESG disclosure and financial distress, but does not moderate RPT’s effect. Theoretically, these findings reinforce agency theory, highlighting the role of monitoring mechanisms in curbing opportunistic management behavior. The results also support legitimacy theory by illustrating how ESG practices may serve as image building tools, even when firms are incentivized toward aggressive tax behavior. The novelty of this study lies in positioning institutional ownership as a moderating governance mechanism and offering comprehensive evidence from multi-industry non-financial firms in Indonesia, thereby strengthening insights into how ESG disclosure, financial distress, and RPT shape corporate tax aggressiveness.

🔗 Provenance — このレコードを発見したソース

🔔 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。