Rivals Watching Rivals: The Discipline of Competitor Transparency in ESG Reporting

日本語

本研究は、企業のESG報告における競合他社の透明性が自社の開示行動に与える規律効果を検証する。競合他社の透明性が高いほど、自社のESG開示が促進される可能性を示唆。実証分析により、競合圧力がESG報告の質と量に影響を与えるメカニズムを解明。

English

This study examines how competitor transparency in ESG reporting disciplines firms' own disclosure behavior. It suggests that higher competitor transparency promotes better ESG disclosure. Empirical analysis reveals the mechanism through which competitive pressure influences the quality and quantity of ESG reports.

日本のGX文脈において

日本ではSSBJ基準の導入が進む中、同業他社との比較による開示の質向上は実務上の関心事。本研究成果は、日本企業のESG開示戦略における競合分析の重要性を示す示唆となる。

In the global GX context

With the rise of ISSB and global ESG disclosure mandates, understanding how peer transparency shapes reporting behavior is critical. This paper provides empirical evidence that competitor transparency can serve as a disciplining mechanism, relevant for standard-setters and firms in competitive industries.