環境管理会計と炭素開示分析を用いたスマート・サステナビリティ報告フレームワーク
Smart Sustainability Reporting Framework Using Environmental Management Accounting and Carbon Disclosure Analytics (原題)
Rasyid Tarmizi, Etty Puji Lestari, G. V. Kahar, Dewi Immaniar Desrianti, S. Taylor, Efa Ayu Nabila
🤖 gxceed AI 要約
日本語
本研究は炭素開示分析と環境管理会計（EMA）を統合したスマート・サステナビリティ報告フレームワークを提案し、企業価値への影響を検証した。インドネシア証券取引所上場の非金融企業の2021〜2025年パネルデータを用い、炭素開示指数（CDI）とTobin's Q、EMAの調整効果をSTATAの調整回帰で分析した。結果、炭素開示分析は企業価値を高め、EMAは開示と企業価値の関係を有意に強化することが示された。統合的なサステナビリティ分析と環境管理システムが透明性と長期的業績を向上させることを示唆する。
English
This study proposes a Smart Sustainability Reporting Framework integrating Carbon Disclosure Analytics and Environmental Management Accounting (EMA) to examine their influence on enterprise value. Using panel data from non-financial firms listed on the Indonesia Stock Exchange (2021–2025), it measures carbon disclosure via a Carbon Disclosure Index and enterprise value via Tobin's Q, with EMA as a moderating variable analyzed through moderated regression in STATA. Findings show carbon disclosure analytics positively affect enterprise value, and EMA significantly strengthens this relationship, suggesting integrated sustainability analytics and environmental management systems enhance transparency and long-term performance.
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
インドネシアの実証研究だが、炭素開示と企業価値の関係をEMAの調整効果で捉える枠組みは、SSBJ基準や有価証券報告書でのサステナビリティ開示が企業価値評価にどう結びつくかを検討する日本企業・投資家にとって示唆的である。デジタル開示インフラの整備を進める日本市場にも応用可能な視点を提供する。
In the global GX context
While focused on Indonesia, the framework linking carbon disclosure analytics to enterprise value with EMA as a moderator offers insights for global disclosure scholarship under ISSB/TCFD, where the integration of management accounting systems with disclosure quality is increasingly relevant. It adds empirical evidence from an emerging market on how internal environmental management systems amplify the valuation effects of carbon disclosure, complementing CSRD and SEC climate disclosure debates.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the moderating role of EMA in the carbon disclosure–firm value relationship, useful for disclosure quality and valuation research.
🏢実務担当者:Suggests that integrating environmental management accounting with carbon disclosure analytics can enhance enterprise value, supporting investment in integrated sustainability reporting systems.
🏛政策担当者:Highlights the value of promoting EMA and digital disclosure infrastructure to strengthen the link between sustainability reporting and firm value in emerging markets.
📄 Abstract（原文）
This study proposes a Smart Sustainability Reporting Framework integrating Carbon Disclosure Analytics and Environmental Management Accounting (EMA) to examine their influence on Enterprise Value within the context of digital sustainability transformation. The increasing adoption of sustainability analytics, ESG information systems, and digital reporting technologies has transformed carbon disclosure into a strategic mechanism for improving organizational transparency and sustainability-oriented decision-making. This study employs a quantitative approach using panel data from non-financial companies listed on the Indonesia Stock Exchange during the 2021–2025 period. Carbon Disclosure Analytics were measured using a Carbon Disclosure Index (CDI), while Enterprise Value was represented using Tobin’s Q. Environmental Management Accounting was incorporated as a moderating variable to evaluate the role of sustainability management systems in strengthening sustainability reporting effectiveness. Moderated regression analysis was conducted using STATA software. The findings indicate that Carbon Disclosure Analytics positively influence Enterprise Value, while Environmental Management Accounting significantly strengthens the relationship between sustainability disclosure and organizational value. The results suggest that organizations implementing integrated sustainability analytics and environmental management systems are more capable of improving sustainability transparency, strategic environmental evaluation, and long-term organizational performance. This study contributes to the growing literature on smart sustainability reporting by emphasizing the role of sustainability analytics and intelligent environmental management systems in supporting data-driven sustainability transformation.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1109/iccit70127.2026.11749133first seen 2026-11-06 05:24:21
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