Impact of ESG Disclosure on Financial Performance in Coal Mining and Oil And Gas Companies
石炭採掘および石油・ガス企業におけるESG開示が財務業績に与える影響 (AI 翻訳)
null Vic Aryan Ramadika, null Insyirah Putikadea
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所に上場する石炭採掘および石油・ガス企業を対象に、ESG開示が財務業績（ROA）に与える影響を分析した。環境・ガバナンス開示は有意な影響を与えず、社会開示は負の影響を示したが、ESG全体の開示は財務業績に有意な影響を与えた。ESG開示の戦略的実践が重要であることを示唆する。
English
This study analyzes the effect of ESG disclosure on financial performance (ROA) for coal mining and oil & gas companies listed on the Indonesia Stock Exchange (2021-2023). Environmental and governance disclosures show no significant effect, social disclosure has a negative impact, but simultaneous ESG disclosure significantly influences financial performance, suggesting strategic ESG practices support long-term sustainability.
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
本論文はインドネシアの資源企業におけるESG開示の効果を検証。日本の資源関連企業や新興国展開企業にとって、ESG開示の戦略的価値を再考する契機となる。
In the global GX context
This paper adds empirical evidence from an emerging market (Indonesia) on ESG disclosure's financial impact in high-emission sectors. It challenges the assumption that all ESG dimensions are value-enhancing, showing social disclosure may reduce profitability. This informs global debates on mandatory ESG reporting and transition finance.
👥 読者別の含意
🔬研究者:Provides empirical evidence on ESG disclosure financial impact in an emerging market fossil fuel sector, useful for comparative studies on disclosure effectiveness.
🏢実務担当者:Highlights that social disclosure may negatively impact short-term ROA; companies should strategically balance ESG dimensions.
🏛政策担当者:Suggests that mandatory ESG disclosure in high-carbon sectors may not always improve financial performance; policy design should consider sector-specific dynamics.
📄 Abstract（原文）
This study aims to analyze the effect of Environmental, Social, and Governance (ESG) disclosure on financial performance. The independent variables include environmental disclosure, social disclosure, and governance disclosure, while the dependent variable is financial performance, proxied by Return on Assets (ROA t +1). The research focuses on coal mining and oil and gas companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. The data analysis method employed is panel data multiple linear regression using the Random Effect Model (REM), processed with EViews 12 SV software. The study comprises 84 observations selected through purposive sampling. The findings reveal that environmental and governance disclosures have no significant effect on financial performance. In contrast, social disclosure has a negative impact on financial performance. Additionally, the simultaneous disclosure of ESG dimensions significantly influences financial performance, indicating that transparent and consistent ESG reporting may help reduce business risk and enhance firm value. These results highlight the need for more strategic ESG practices to support long-term financial sustainability.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.62017/finance.v3i2.101first seen 2026-05-14 22:09:55
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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。