ESG開示と企業不正：中国上場企業の研究
ESG Disclosure and Corporate Misconduct: Study of Listed Chinese Companies (原題)
Jieyi CHEN, Mui Yee Cheok, Lili LI, Zhang QI
🤖 gxceed AI 要約
日本語
中国A株上場企業の2014-2023年のパネルデータを用い、ESG開示が企業不正を抑制するかを検証。融資制約の緩和が媒介要因であり、監査品質が高いほど抑制効果が強いことを実証。ESG開示の予防的ガバナンス機能を示し、新興国での企業統治強化への政策的示唆を提供。
English
Using panel data from Chinese A-share listed firms (2014-2023), this study finds that ESG disclosure significantly curbs corporate misconduct by reducing financing constraints, with stronger effects for firms with higher audit quality. It highlights ESG disclosure as a preventive governance mechanism and offers policy implications for emerging economies.
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SSBJ開示義務化が進む中、ESG開示の実質的効果（不正抑制）を示す本研究成果は、開示のコスト便益を議論する上で参考になる。中国市場の知見だが、日本企業の開示戦略や監査品質の重要性にも示唆を与える。
In the global GX context
This study contributes to global disclosure scholarship by providing empirical evidence from China on how ESG disclosure reduces corporate misconduct, complementing Western-focused research. It informs the ongoing ISSB/CSRD implementation debates about the real effects of disclosure on governance outcomes.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the governance role of ESG disclosure in an emerging market, useful for comparative studies.
🏢実務担当者:Highlights the importance of audit quality in enhancing the effectiveness of ESG disclosure, relevant for compliance and governance teams.
🏛政策担当者:Suggests that promoting ESG disclosure can mitigate corporate misconduct, supporting regulatory efforts in emerging economies.
📄 Abstract（原文）
As corporate misconduct remains a persistent governance challenge, growing attention has been paid to whether ESG practices can effectively restrain such behavior. This study investigates how ESG disclosure affects corporate misconduct and further analyzes the mediating effect of financing constraints as well as the moderating role of audit quality. Using panel data from Chinese A-share listed companies between 2014 and 2023, the results show that ESG disclosure can significantly curb corporate misconduct through the reduction of financing constraints. In addition, the restraining effect of ESG disclosure on corporate misconduct becomes stronger among firms with better audit quality. These findings enhance the understanding of ESG disclosure as a preventive governance mechanism and offer valuable policy implications for strengthening corporate governance and advancing sustainable development in emerging economies.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.54989/msd-2026-0009first seen 2026-08-30 04:45:51
🔔 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。