持続可能性報告書の品質が投資家信頼に与える影響における知覚された信頼性の媒介機能

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

🔬研究者:開示品質と投資家信頼の因果経路に「知覚された信頼性」という媒介変数を導入した点が、開示研究の実証モデル設計に示唆を与える。

🏢実務担当者:サステナビリティ情報の透明性・比較可能性・検証可能性を高めることが、投資家からの信頼獲得に直結することを示す。

🏛政策担当者:開示制度の設計において、報告内容の品質基準だけでなく、第三者保証など信頼性を担保する仕組みの重要性を示唆する。

This study examines the relationship between investor trust and perceived sustainability reporting quality, paying special attention to the mediating function of perceived credibility. The study creates an integrated framework based on signaling theory and information asymmetry theory to explain how investors understand sustainability disclosures and convert their evaluations into trust in reporting firms. In particular, the study looks at the direct connections between investor trust, perceived sustainability reporting quality, and perceived credibility. It also evaluates whether credibility may explain the relationship between investor confidence and reporting quality. Individual investors and representatives of institutional investors in Vietnam provided survey data. With investor type included as a control variable and bootstrapping used to assess the mediating link, covariance-based structural equation modeling was used to analyze the suggested correlations. The results show that investor trust and perceived credibility are positively correlated with higher perceived sustainability reporting quality. Additionally, investor trust and perceived credibility are positively correlated, and the relationship between reporting quality and trust is partially mediated by perceived credibility. These results imply that sustainability disclosures boost investor confidence by increasing the credibility that investors assign to company information in addition to its perceived quality. The scientific uniqueness of the study is the identification of perceived credibility as a unique explanatory mechanism that links investor trust in an emerging capital market with sustainability reporting quality. The study expands on current debates on sustainability disclosure and investor decision-making by combining reporting quality, credibility, and investor trust under a single empirical paradigm. Practically speaking, the results highlight the significance of transparent, consistent, comparable, and verifiable sustainability information in boosting investor confidence and corporate communication, especially as digital technologies increasingly influence access to sustainability-related information.

• openalex https://doi.org/10.55643/fcaptp.5.70.2026.5341first seen 2026-11-02 04:55:05 · last seen 2026-11-06 05:01:39