ENVIRONMENTAL, SOCIAL, AND GOVERNANCE DISCLOSURE AND BANK FINANCIAL PERFORMANCE IN INDONESIA: THE MODERATING ROLE OF FIRM SIZE (2020–2024)
インドネシアにおけるESG開示と銀行の財務業績：企業規模の調整効果（2020～2024年） (AI 翻訳)
Ekklesia Evanggelion, Luluk Tri Harinie, Evinalia Yeba, Meylinda Sukmani
🤖 gxceed AI 要約
日本語
本研究は、2020～2024年のインドネシア上場銀行を対象に、ESG開示と財務業績の関係、および企業規模の調整効果を検証した。内容分析による開示指数を用いた定量分析の結果、ESG開示の個別次元と業績との直接的な関連は弱く、企業規模がより安定した関係を示した。調整効果を考慮すると、ESGと業績の関係は条件付きであることが示唆された。
English
This study examines the association between ESG disclosure and financial performance of Indonesian listed banks from 2020-2024, with firm size as a moderator. Using a disclosure index from content analysis, it finds weak direct effects of ESG dimensions on performance indicators, while firm size shows a more stable relationship. The moderating effect suggests that ESG's financial relevance depends on bank characteristics.
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開示の実効性が問われる中、新興国銀行の事例は比較材料となる。ただしサンプルや手法の制約が強く、直接の示唆は限定的。
In the global GX context
Contributes to the global debate on ESG disclosure and financial performance by providing evidence from an emerging market banking sector. Highlights the conditional role of firm size, relevant for understanding disclosure effectiveness across different contexts.
👥 読者別の含意
🔬研究者:Provides a moderate contribution to ESG-financial performance literature in banking, especially for emerging markets, but note the small sample and disclosure-based measurement.
🏛政策担当者:Offers limited direct policy insight due to weak findings, but may inform discussions on ESG disclosure mandates in developing economies.
📄 Abstract（原文）
This study examines whether Environmental, Social, and Governance (ESG) disclosure is associated with the financial performance of Indonesian listed banks during the 2020–2024 period and whether firm size moderates this relationship. The research adopts a quantitative explanatory approach, where ESG disclosure is measured using a disclosure index developed through content analysis of annual and sustainability reports. Financial performance is represented by several indicators, including return on assets, return on equity, net profit margin, and earnings per share. The findings indicate that the direct effects of individual ESG disclosure dimensions on financial performance are generally weak and not consistently evident across different performance indicators. Meanwhile, firm size shows a more stable relationship with financial performance in several model specifications. When the moderating effect is considered, the relationship between ESG disclosure and financial performance appears more conditional, suggesting that the financial relevance of ESG practices may depend on specific bank characteristics. This study is limited by a relatively small sample size and the use of disclosure-based ESG measurement. Future research is recommended to expand the sample coverage, extend the observation period, and incorporate alternative ESG measurement approaches to provide more comprehensive insights into the relationship between ESG practices and financial performance. Keywords: ESG Disclosure; Banking Sector; Financial Performance; Firm Size Moderation; Indonesia Stock Exchange
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.35508/jom.v19i1.27348first seen 2026-05-15 18:40:06 · last seen 2026-06-15 05:27:44
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