From disclosure to competitiveness: the role of resilience in European firms
開示から競争力へ：欧州企業におけるレジリエンスの役割 (AI 翻訳)
Hichem Dkhili
🤖 gxceed AI 要約
日本語
本研究は、気候リスク開示が欧州企業のレジリエンスと競争力に与える影響を検証。2010～2024年の企業パネルデータを用いた分析の結果、気候リスク開示は財務業績や革新性を通じて競争力を強化し、レジリエンスが部分的な媒介効果を持つことが示された。特に気候脆弱性の高いセクターや強力なガバナンス構造を持つ企業で効果が顕著である。
English
This study examines how climate risk disclosure affects corporate resilience and competitiveness using European firm panel data (2010-2024). Findings show that disclosure positively impacts competitiveness (financial performance, innovation, market share), with resilience as a partial mediator. The effect is stronger in climate-vulnerable sectors and firms with robust governance.
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
欧州企業データに基づく研究だが、日本のSSBJや有報における気候関連開示の実務にも示唆を与える。開示が単なるコンプライアンスではなく、競争力向上につながる戦略的資産となり得ることを示しており、日本企業の統合報告書や投資家対応にも応用可能。
In the global GX context
This study provides empirical evidence that climate risk disclosure enhances corporate resilience and competitiveness, supporting the business case for TCFD/ISSB-aligned reporting. It offers global insights for policymakers and managers on how transparency can drive long-term value, relevant beyond Europe.
👥 読者別の含意
🔬研究者:Provides a robust empirical model linking disclosure, resilience, and competitiveness using panel data and addressing endogeneity.
🏢実務担当者:Demonstrates that climate disclosure can be a strategic tool to improve financial performance and market position, justifying investment in disclosure infrastructure.
🏛政策担当者:Offers evidence that mandatory or voluntary climate disclosure regimes can foster corporate resilience and competitive advantage, supporting standard-setting efforts.
📄 Abstract（原文）
Purpose This study aims to investigate the link between climate risk disclosure, corporate resilience and competitiveness among European firms. Design/methodology/approach Drawing on stakeholder theory, the resource-based view, institutional theory and the dynamic capabilities perspective, it examines how transparent disclosure of climate-related risks strengthens organizational resilience and enhances competitive performance. Using a panel data set of European industrial firms from 2010 to 2024, the analysis uses fixed-effects and system GMM estimations to address potential endogeneity and unobserved heterogeneity. Findings The findings indicate that climate risk disclosure positively impacts competitiveness (measured through financial performance, innovation intensity and market share), with resilience being a partial mediator of this effect. Moreover, the influence is stronger in sectors that are more vulnerable to climate risks and in firms with robust governance structures, indicating the contextual nature of competitiveness outcomes. Originality/value This study contributes to the growing literature on sustainability and competitiveness by demonstrating that climate risk transparency functions as a strategic capability, transforming environmental accountability into long-term competitive advantage. It offers practical insights for policymakers and managers aiming to integrate resilience-building and climate risk management into strategic decision-making processes.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.1108/cr-09-2025-0328first seen 2026-05-14 23:03:36
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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。