THE ROLE OF ENVIRONMENTAL ASSURANCE IN THE RELATIONSHIP BETWEEN BOARD CHARACTERISTICS AND ENVIRONMENTAL DISCLOSURE
環境保証が取締役会特性と環境開示の関係に果たす役割 (AI 翻訳)
Agita Dini Febrianti, M. Sari
🤖 gxceed AI 要約
日本語
本研究は2020-2024年の東南アジア非金融企業を対象に、取締役会特性（規模、独立性、多様性）が環境開示に与える影響と、環境保証の調整効果を固定効果モデルで分析した。結果、取締役会の性別多様性は環境開示に有意な正の影響を与えるが、規模と独立性は有意でない。環境保証は規模と性別多様性の影響を弱め、保証がガバナンス主導の開示インセンティブを増幅せず、正当性向上や評判保護に機能することを示した。規制当局は保証の調整効果を考慮すべき。
English
This study examines how board characteristics (size, independence, gender diversity) affect environmental disclosure and the moderating role of environmental assurance, using panel data (2020-2024) from Southeast Asian non-financial firms. Results show that board gender diversity positively affects disclosure, while size and independence do not. Environmental assurance significantly moderates, attenuating the effects of board size and gender diversity. The findings suggest assurance serves a legitimacy-oriented, not amplifying, function. Regulators should consider assurance as a moderator.
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GX文脈では、環境保証（assurance）の役割はSSBJ基準や有報での保証要求と関連。本稿は保証が必ずしも開示拡大につながらないことを示し、日本の任意保証から法定保証への移行期に示唆を与える。ただし東南アジアデータのため直接適用には注意。
In the global GX context
Globally, this study contributes to the debate on environmental assurance effectiveness, relevant to ISSB, CSRD, and SEC climate disclosure rules. It suggests assurance may legitimize rather than expand disclosure, questioning its assumed positive effect on transparency. Important for standard-setters assessing assurance mandates.
👥 読者別の含意
🔬研究者:Provides empirical evidence on how assurance moderates governance-disclosure links, challenging the assumption that assurance amplifies disclosure.
🏢実務担当者:Corporates can understand that environmental assurance may not automatically increase disclosure scores; it serves a reputation management role.
🏛政策担当者:Regulators should consider that assurance may moderate board incentives differently, potentially reducing disclosure breadth in favor of legitimacy.
📄 Abstract（原文）
This study analyzes the influence of board characteristics on environmental disclosure and examines the role of environmental assurance in moderating this influence in non-financial enterprises in Southeast Asia during 2020-2024, using panel data regression with a Fixed-Effects Model. Environmental disclosures are measured through Refinitiv ESG's environmental pillar score, while board characteristics are represented by board size, board independence, and board gender diversity. The results showed that board gender diversity had a positive and significant impact on environmental disclosure, whereas board size and board independence did not. Environmental assurance significantly moderates the relationship, attenuating the influences of board size and gender diversity on environmental disclosure. This study contributes to the corporate governance and environmental disclosure literature by providing empirical evidence that assurance does not amplify governance-driven disclosure incentives; instead, it addresses legitimacy challenges and safeguards corporate reputation, rather than expanding environmental reporting. Regulators and standard-setters should consider that environmental assurance moderates the influence of board gender diversity on environmental disclosure. The findings suggest that assurance does not amplify governance-driven disclosure incentives, suggesting that assurance may primarily serve a legitimacy-oriented function rather than directly expanding environmental disclosure.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.29303/jaa.v10i2.790first seen 2026-05-15 18:59:47
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