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Model Exploration of Firm Value by means of Green Finance Disclosure in Companies List on Indonesia Stock Exchange

インドネシア証券取引所上場企業におけるグリーンファイナンス開示と企業価値のモデル探求 (AI 翻訳)

Dita Eka Pertiwi Sirait, Ainul Mardhiyah, Shintami Octavia

Proceedings of the 7th International Conference on Innovation in Education, Science, and Culture, ICIESC 2025, 16 September 2025, Medan, Indonesia学会2026-01-01#ESG経営インパクト: 資金調達対象セクター: energy
DOI: 10.4108/eai.16-9-2025.2361088
原典: http://eudl.eu/pdf/10.4108/eai.16-9-2025.2361088
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🤖 gxceed AI 要約

日本語

インドネシア証券取引所に上場するエネルギー企業27社の2022-2024年のサステナビリティ報告書を用い、グリーンファイナンス開示が企業価値に与える影響をランダム効果モデルで分析。環境側面は負の有意、ガバナンス側面は正の有意、社会・経済側面は非有意。

English

This study analyzes the effect of green finance disclosure on firm value using 27 Indonesian energy companies' sustainability reports (2022-2024). Using a random effects model, it finds environmental disclosure has a negative significant effect, governance disclosure positive significant, while social and economic aspects are insignificant.

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開示が始まり、グリーンファイナンス開示と企業価値の関係は投資家対応で重要。インドネシアの事例は新興市場での開示効果を示唆し、日本の開示実務に示唆を与える。

In the global GX context

This adds evidence from an emerging market on how green finance disclosure impacts firm value, relevant to global discussions on ESG disclosure effectiveness and the ISSB framework's adoption in diverse contexts.

👥 読者別の含意

🔬研究者:Provides empirical evidence on green finance disclosure and firm value in an emerging market, contributing to the mixed findings in the literature.

🏢実務担当者:Highlights that governance disclosure may enhance firm value while environmental disclosure might not, informing disclosure strategy.

🏛政策担当者:Suggests that the impact of green finance disclosure varies by aspect, which could inform regulatory design for sustainability reporting.

📄 Abstract（原文）

. This study aims to examine and analyze the effect of green finance disclosure on firm value . There are 27 energy sector companies listed on the Indonesia Stock Exchange that have routinely submitted sustainability reports as a tangible manifestation of their commitment to implementing sustainable corporate management practices during 2022-2024. This study aims to examine and analyze the effect of green finance disclosure on firm value . Various previous studies have been conducted on this topic, but the results of these studies show that there is still an inconsistent research result between one study and another. The results of this study indicate that the final model selected is the REM (Random Effect Model). Environmental aspects has a negative and significant effect on firm value, Governance aspects has a positive and significant effect on firm value, while social and economic aspects does not have a significant effect on firm value.

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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。