From Sustainability to Profit: The Role of Green Accounting and ESG in the Banking Sector
持続可能性から利益へ：銀行セクターにおけるグリーン会計とESGの役割 (AI 翻訳)
Mohamad Djasuli, Anita Nuris Lestari, Fatimatus Zahra Ayu, R. Choirur Rizki, Syamsuddin Syamsuddin
🤖 gxceed AI 要約
日本語
インドネシアの銀行（2022-2024年）を対象に、グリーン会計とESG開示が財務パフォーマンスと企業価値に与える影響を分析。グリーン会計はROAに正の効果があるが統計的に有意ではなく、ESG開示は単独では有意ではないがグリーン会計と組み合わせると有意な正の効果を示す。投資家の評価（トービンのQ）には有意な影響は見られなかった。持続可能性実践は内部財務成果を改善するが、市場評価には限定的な影響であることを示唆。
English
This study analyzes the effect of green accounting and ESG disclosure on financial performance and firm value in Indonesian banks from 2022-2024. Green accounting has a positive but insignificant effect on ROA, while ESG disclosure shows a significant positive effect when jointly considered with green accounting. Neither significantly affects Tobin's Q. Findings suggest sustainability practices improve internal financial outcomes but have limited impact on investor perceptions.
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
インドネシア銀行セクターの事例だが、日本でもESG開示とグリーン会計の財務インパクトに関する議論は重要。特にSSBJ基準や統合報告書における環境情報の位置づけを考える上で参考になる。ただし、インドネシア特有の規制環境に依存するため、直接適用には注意が必要。
In the global GX context
This paper contributes to the global discussion on the financial materiality of ESG disclosure, particularly in the banking sector. It provides empirical evidence from an emerging market (Indonesia) that sustainability practices improve internal financial performance but not market valuation. This aligns with ongoing debates about the link between ESG and financial performance under frameworks like ISSB and CSRD.
👥 読者別の含意
🔬研究者:Empirical evidence on ESG-financial performance link in Indonesian banking, with methodological insights on joint effects of green accounting and ESG disclosure.
🏢実務担当者:Suggests integrating ESG into KPIs and using standardized reporting with external assurance to enhance financial performance.
🏛政策担当者:Highlights the need for regulatory frameworks to improve ESG measurement and disclosure quality to realize financial benefits.
📄 Abstract（原文）
This study examines the effects of Green Accounting and Environmental, Social, and Governance (ESG) disclosure on financial performance and firm value in Indonesian banks from 2022 to 2024. Sustainability has gained attention due to regulatory requirements and stakeholder expectations, but its financial impact in banking is not well understood. Using a quantitative panel data approach, secondary data from annual reports, sustainability reports, financial statements, and market sources were analyzed. Classical assumption tests ensured model validity, and the Common Effect Model with robust clustered standard errors addressed heteroskedasticity and autocorrelation. Results reveal that Green Accounting has a positive but insignificant effect on Return on Assets, while ESG disclosure has a positive and significant effect on financial performance when examined jointly with Green Accounting. Neither Green Accounting nor ESG disclosure significantly affects market valuation measured by Tobin’s Q. The findings suggest that sustainability practices improve internal financial outcomes but have limited impact on investor perceptions. Banks are encouraged to enhance ESG measurement and disclosure quality, integrate ESG into KPIs and management incentives, and adopt standardized reporting with external assurance mechanisms.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.38035/jafm.v6i5.2586first seen 2026-05-14 22:04:48
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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。