Tax avoidance and ESG disclosure mandates: international evidence
租税回避とESG開示義務：国際的証拠 (AI 翻訳)
Sadok El Ghoul, O. Guedhami, Yongtae Kim, H. Yoon
🤖 gxceed AI 要約
日本語
本論文は、48カ国の企業データを用いて、ESG開示義務が企業の租税回避行動に与える影響を分析。差の差分析により、ESG開示義務が租税回避を有意に減少させることを発見。特に税関連条項を含む義務で効果が強く、情報透明性とESGパフォーマンスの改善が経路として特定された。
English
This paper examines the effect of ESG disclosure mandates on corporate tax avoidance using a sample of firms from 48 countries. Difference-in-differences analysis reveals that such mandates significantly reduce tax avoidance, with stronger effects when mandates include tax-relevant provisions. Increased ESG transparency and improved ESG performance are identified as channels.
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や有価証券報告書でのESG開示が進む中、本論文は開示規制が企業行動（租税回避）に与える実質的効果を示し、開示制度設計への示唆を与える。税務と非財務情報の連携が今後の課題となる。
In the global GX context
This study provides empirical evidence that non-financial disclosure regulations can influence corporate behavior beyond environmental issues, supporting the broader goals of corporate accountability. It is relevant to ongoing global debates on the scope and effectiveness of disclosure mandates like those of ISSB and CSRD.
👥 読者別の含意
🔬研究者:Provides robust cross-country evidence on the real effects of ESG disclosure mandates on tax behavior, contributing to the literature on disclosure regulation.
🏢実務担当者:Highlights that ESG disclosure can have consequences for corporate tax strategy, suggesting the need for integrated tax and sustainability reporting.
🏛政策担当者:Offers empirical support for using ESG disclosure as a tool to curb aggressive tax avoidance, particularly in countries with weaker institutions.
📄 Abstract（原文）
This paper examines how regulations mandating environmental, social, and governance (ESG) disclosure affect corporate tax behavior. Using a difference-in-differences analysis on a sample of firms from 48 countries, we find that ESG disclosure mandates lead to significant reductions in tax avoidance, with stronger effects for mandates that include tax-relevant provisions. We identify increases in ESG information transparency and improvements in firms’ ESG performance as channels through which ESG disclosure mandates reduce tax avoidance. We further find that the decrease in tax avoidance following ESG disclosure mandates is more pronounced in countries with weaker financial disclosure requirements, legal and tax enforcement, and environmental and social institutions. Collectively, the evidence suggests that non-financial disclosure regulations can curb aggressive tax behavior, supporting broader goals of corporate accountability and sustainable development.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://link.springer.com/content/pdf/10.1057/s41267-026-00846-x.pdffirst seen 2026-07-18 07:36:08
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