Influence of sustainability report disclosure and assurance on environmental, social and governance performance persistence: a survival analysis
サステナビリティ報告書の開示と保証がESGパフォーマンスの持続性に与える影響：生存分析 (AI 翻訳)
Yen-Yu Liu, Pin-Sheng Lee
🤖 gxceed AI 要約
日本語
本研究は、台湾上場企業の2016-2024年データを用いて、Cox生存分析によりESG格付け低下までの時間を分析。任意開示は非開示に比べてESGパフォーマンス持続性を延長する一方、強制開示は上限基準を超える企業のみ効果がある。非会計事務所による保証が持続性向上に関連する一方、会計事務所保証は有意な関連を示さない。
English
This study uses Cox survival analysis on 2016-2024 data from Taiwanese listed firms to examine how sustainability disclosure and assurance affect ESG performance persistence (time to rating decline). Voluntary disclosure is associated with longer persistence than non-disclosure; mandatory disclosure only helps firms above capital thresholds. Non-accounting-firm assurance is beneficial, while accounting-firm assurance shows no significant association.
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
日本の有報・統合報告書でのサステナビリティ開示と保証の議論に対して、開示タイプや保証の質がESGパフォーマンス持続性に異なる影響を与える点が示唆的。特に、SSBJ基準における保証要件の検討に役立つ可能性がある。
In the global GX context
This study provides duration-based evidence on how sustainability disclosure and assurance impact ESG performance, relevant to global frameworks like ISSB and CSRD. The finding that non-accounting-firm assurance outperforms accounting-firm assurance in prolonging ESG persistence challenges common assumptions about assurance quality.
👥 読者別の含意
🔬研究者:Introduces survival analysis to ESG research, offering a new perspective on performance persistence.
🏢実務担当者:Insights on how disclosure and assurance choices can affect ESG rating trajectories, useful for corporate disclosure strategy.
🏛政策担当者:Evidence that mandatory disclosure effects are conditional, and that assurance type matters — relevant for designing disclosure mandates.
📄 Abstract（原文）
Purpose This study aims to use a time-to-event framework (Cox survival analysis) to provide duration-based evidence on how sustainability report disclosure and sustainability assurance relate to environmental, social and governance (ESG) performance persistence (defined as the time until an ESG rating declines), a method rarely applied in ESG research. Design/methodology/approach Using 2016–2024 data for publicly listed companies in Taiwan, this study uses a Cox time-dependent survival model to estimate the time to an ESG rating decline. The analysis distinguishes disclosure types (voluntary, mandatory, non-disclosure) and assurance types (accounting-firm assurance, non-accounting-firm assurance), further separating Big4 from non-Big4 accounting firms and identifying whether the same accounting firm provides both the statutory financial statement audit and the sustainability assurance (dual assurance). Findings Voluntary disclosure is associated with longer ESG performance persistence relative to non-disclosure. Mandatory disclosure is associated with longer persistence only for firms subject to higher capital-based thresholds. Non-accounting-firm assurance is associated with longer persistence, whereas accounting-firm assurance shows no significant association, irrespective of Big4 status or dual assurance. Originality/value This study applies a survival-analytic perspective, which is underutilized in ESG research, to capture the temporal dynamics of ESG performance persistence and to appropriately treat right-censored outcomes. By focusing on time to rating decline rather than point-in-time averages, this study provides duration-based evidence on corporate sustainability practices.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1108/par-11-2024-0305first seen 2026-07-18 05:08:11
🔔 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。