持続可能性報告と会計保守主義が利益管理に与える影響：インドネシアの生活必需品セクターの証拠（2021–2024年）
Sustainability report and accounting conservatism on earnings management: Evidence from Indonesia's consumer non-cyclicals sector (2021–2024) (原題)
Handel Benedicto Mangero, David P. E Saerang, Peter M. Kapojos
🤖 gxceed AI 要約
日本語
インドネシア証券取引所に上場する生活必需品セクター39社・156社年データを用い、持続可能性報告（SRDI）と会計保守主義（CONACC）が利益管理（修正ジョーンズモデルの裁量的発生高）に与える影響を検証した。持続可能性報告は利益管理に有意な影響を与えなかった一方、会計保守主義は負で有意な抑制効果を示した（調整済R²=0.567）。開示だけでは利益管理を直接抑制できず、保守的な会計慣行が重要であることを示唆する。
English
Using 156 firm-year observations from 39 Indonesian consumer non-cyclical firms (2021–2024), this study tests how sustainability reporting (SRDI) and accounting conservatism (CONACC) affect earnings management (Modified Jones discretionary accruals). Sustainability reporting had no significant effect, while accounting conservatism significantly reduced earnings management (Adjusted R²=0.567). Disclosure alone does not constrain earnings manipulation; conservative accounting practices do.
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基準や有報でのサステナビリティ開示が拡大する中、開示の実効性を財務報告の質（利益管理）と結びつけて検証する視点は、開示規制の実効性評価を考える上で参考になる。ただし対象はインドネシア市場であり、日本の制度・企業への直接的な含意は限定的。
In the global GX context
As ISSB/CSRD and SEC climate disclosure regimes expand, this paper offers emerging-market evidence that sustainability disclosure alone may not discipline financial reporting quality, complementing disclosure-effectiveness debates in TCFD/ISSB scholarship. It adds an Indonesian capital-market perspective to the largely developed-market literature on ESG disclosure and earnings management.
👥 読者別の含意
🔬研究者:開示の実効性を利益管理という財務報告品質指標で測る実証設計は、ESG開示と財務報告の関係を研究する際の参照枠になる。
🏢実務担当者:サステナビリティ報告の作成だけでは利益管理抑制に直結せず、会計保守主義など財務報告ガバナンスとの組み合わせが重要である点を実務家は認識すべき。
🏛政策担当者:開示義務の導入効果を評価する際、開示の有無だけでなく財務報告の質や会計慣行への影響も考慮する必要があることを示唆する。
📄 Abstract（原文）
Earnings management is an intervention by management in the preparation of financial reports for external parties in order to smooth, increase, or decrease reported earnings. In the consumer non-cyclicals sector, which has a stable market capitalization, earnings management may be influenced by various factors, including sustainability report disclosure as a form of corporate transparency and responsibility, and the level of accounting conservatism applied. This study aims to analyze the effect of the sustainability report and accounting conservatism on earnings management in consumer non-cyclicals sector firms listed on the Indonesia Stock Exchange (IDX) during 2021–2024. Earnings management is proxied by discretionary accruals (DA) using the Modified Jones Model, the sustainability report is proxied by the Sustainability Reporting Disclosure Index (SRDI), and accounting conservatism is proxied by conservatism accruals (CONACC). Using purposive sampling, 39 firms were selected, yielding 156 firm-year observations analyzed with multiple linear regression. The results show that the sustainability report has no significant effect on earnings management (t = -0.776; Sig. = 0.439), whereas accounting conservatism has a negative and significant effect (t = -14.323; Sig. < 0.001). The Adjusted R² of 0.567 indicates that both variables jointly explain 56.7% of the variation in earnings management. These findings suggest that sustainability disclosure has not yet directly constrained earnings management practices, while a higher level of accounting conservatism can suppress accrual-based earnings management among consumer non-cyclicals firms in Indonesia.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.58784/cfabr.492first seen 2026-09-14 04:48:35
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