The reciprocal relationship between board compensation and sustainability reporting
取締役報酬とサステナビリティ報告の相互関係 (AI 翻訳)
Balal Abbasi, Mahdi Salehi, Mohammadreza Abdoli
🤖 gxceed AI 要約
日本語
本研究は、取締役報酬がサステナビリティ開示に与える影響と、その逆の因果関係を、2013〜2023年の企業データを用いて検証。Granger因果検定と同時方程式モデリングにより、報酬がESG開示を促進し、優れたサステナビリティ業績がCEO報酬を向上させる相互効果を実証した。
English
This study examines the bidirectional relationship between board compensation and sustainability disclosure using firm data from 2013-2023. Employing Granger causality and simultaneous equation modeling, it finds that compensation positively affects ESG disclosure, and better sustainability performance leads to higher CEO pay.
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、役員報酬とESG目標の連携が注目されており、本研究成果は、報酬設計と統合報告書における開示の質向上に示唆を与える。
In the global GX context
This paper contributes to global discussions on linking executive compensation with ESG performance, relevant to ISS, CSRD, and SEC disclosure rules.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the reciprocal causality between compensation and sustainability disclosure using advanced econometric methods.
🏢実務担当者:Offers insights for designing compensation packages that align with sustainability goals and improve ESG ratings.
🏛政策担当者:Highlights the importance of governance mechanisms in enforcing effective sustainability reporting.
📄 Abstract（原文）
This study aims to evaluate the effect of board compensation levels on sustainability disclosure and, conversely, the influence of sustainability reporting on the amount and structure of executive compensation. Therefore, the role of corporate governance mechanisms was examined in aligning managerial interests with corporate sustainability goals. This study employed a quantitative approach based on secondary data. Financial and non-financial data were collected from companies from 2013 to 2023. The dependent variable was the level of sustainability reporting, measured based on ESG indicators, while the independent variable was the amount of board compensation. The study examined the causal relationship from board compensation to sustainability reporting, as determined by Granger causality tests. By using simultaneous equation modeling (SEM), panel data approaches, and two-stage least squares (2SLS) multiple regression analysis, board compensation has a positive impact on the level of sustainability reporting. Companies that match executive incentives with environmental performance reveal more. Furthermore, improved sustainability reporting may lead to better compensation for CEOs, as businesses with superior sustainability performance reap more significant financial and reputational benefits, ultimately benefiting their managers.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1016/j.ssaho.2026.103243first seen 2026-07-18 06:12:33
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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。