コンプライアンスを超えて：企業持続可能性のための戦略的システムとしてのガバナンスと統合報告
Beyond Compliance: Governance and Integrated Reporting as Strategic Systems for Corporate Sustainability (原題)
Saumya, Mohammad Subhan, Afzalur Rahman, Showkat Ahmad Busru
🤖 gxceed AI 要約
日本語
インドNSE上場100社を2013〜2025年にわたり分析し、コーポレートガバナンスと統合報告の関係をPVAR-GMMモデルで検証。取締役会の独立性や開催頻度が報告品質に影響する一方、統合報告もガバナンス構造へフィードバック効果を持つ双方向関係を確認。両者は相互補強的に共進化する組織システムの構成要素であると結論づける。
English
Using a PVAR-GMM model on 100 NSE-listed Indian firms (2013–2025), this study tests whether corporate governance and integrated reporting form a dynamic causal system. It finds significant bidirectional relationships: board independence and meeting frequency shape reporting quality, while integrated reporting feeds back into governance structures. The two evolve jointly as mutually reinforcing elements of an integrated organizational system.
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基準・統合報告書の普及が進む中、ガバナンスと統合報告の双方向関係を示す本論文は、有報・統合報告の戦略的活用や投資家対応を考える上で示唆に富む。インドの実証だが、開示インフラ設計の参考になる。
In the global GX context
As ISSB/SSBJ standards push integrated reporting into the mainstream, this study's evidence of bidirectional governance–reporting dynamics adds to global disclosure scholarship. It suggests that disclosure quality and governance reform reinforce each other, relevant to CSRD and TCFD implementation debates.
👥 読者別の含意
🔬研究者:ガバナンスと統合報告の内生性・動学的相互関係を扱う実証手法（PVAR-GMM）の応用例として参考になる。
🏢実務担当者:統合報告の質向上がガバナンス強化に波及し得るため、開示をコンプライアンスではなく戦略的システムとして位置づける根拠を提供する。
🏛政策担当者:開示規制とコーポレートガバナンス改革を連動させる政策設計の必要性を示唆する。
📄 Abstract（原文）
ABSTRACT Information asymmetry between firms and stakeholders remains a persistent challenge because conventional reporting systems often fail to capture the broader dimensions of value creation, while existing studies largely treat corporate governance as a one‐directional determinant of integrated reporting and overlook potential feedback mechanisms. This study addresses this limitation by examining whether corporate governance and integrated reporting operate as complementary mechanisms or as components of a dynamic causal system. Using a sample of 100 NSE‐listed firms in India over the period 2013–2025, the study investigates the simultaneous relationship between Integrated Reporting Alignment Score (IRAS) and key governance dimensions, including board size, board independence, women on board, board meeting frequency, audit committee size, and firm age. IRAS is constructed using content analysis based on the International Integrated Reporting Council framework. Methodologically, the study employs a panel vector auto‐regression (PVAR) model estimated through the generalized method of moments (GMM), enabling all variables to be treated as endogenous and allowing dynamic feedback effects and shock transmission to be captured. The findings reveal significant bidirectional relationships between governance mechanisms and integrated reporting. Board independence and board meetings significantly influence reporting quality, while integrated reporting also generates feedback effects on governance structures. Granger causality results confirm strong dynamic interdependencies, while variance decomposition analysis highlights moderate cross‐variable interactions and substantial own shock persistence. Cointegration findings further indicate a stable long‐run relationship among governance and reporting dimensions. The results suggest that corporate governance and integrated reporting evolve jointly as mutually reinforcing elements within an integrated organizational system.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1002/bse.71485first seen 2026-09-14 04:48:09
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