DAMPAK GREEN FINANCE DAN FAKTOR- FAKTOR KEBERLANJUTAN TERHADAP KINERJA KEUANGAN PERUSAHAAN: SYSTEMATIC LITERATURE REVIEW
グリーンファイナンスと持続可能性要因が企業の財務業績に与える影響：系統的文献レビュー (AI 翻訳)
Marcello, Antony, Septianus, Andre, Rimi Gusliana, Mais
🤖 gxceed AI 要約
日本語
本論文は、グリーンファイナンスと企業財務業績の関係を系統的文献レビューにより分析。28のSINTA認定論文を対象に、CSR、グリーン会計、ESGの影響を検討した結果、結果は一貫せず、正の効果と負の効果が混在。IFRS S1/S2の採用不足やSDGsとの整合性の弱さが課題として指摘された。
English
This systematic literature review of 28 SINTA-accredited articles examines the mixed relationship between green finance (CSR, green accounting, ESG) and corporate financial performance. It identifies positive effects via efficiency and reputation, but also negative impacts due to costs. Key gaps include limited adoption of IFRS S1/S2 and weak alignment with SDGs, with most research concentrated in manufacturing.
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
インドネシアを対象とした研究だが、IFRS S1/S2の採用不足を指摘しており、日本のSSBJ基準導入の参考になる。また、ESGと財務パフォーマンスの関連性に関する知見は、日本の投資家対応や統合報告書の作成にも示唆を与える。
In the global GX context
This paper's findings on the inconclusive ESG–financial performance link and the critical gap in adopting IFRS S1/S2 are globally relevant, especially for emerging economies and jurisdictions like the EU and US implementing mandatory climate disclosure. It underscores the need for standardized reporting to assess long-term financial impacts.
👥 読者別の含意
🔬研究者:This SLR identifies research gaps in ESG-financial performance studies, particularly the need for incorporating IFRS S1/S2 and broader sectoral coverage.
🏢実務担当者:Corporate sustainability teams can use the findings to understand potential mixed effects of green finance on financial performance and the importance of aligning with global disclosure standards.
🏛政策担当者:Regulators should note the weak adoption of IFRS S1/S2 in Indonesia and consider policies to enhance sustainability reporting standards.
📄 Abstract（原文）
This study examines the impact of green finance and sustainability-related factors on corporate financial performance through a Systematic Literature Review (SLR) of 28 SINTA-accredited journal articles published between 2021 and 2025. The literature was collected using Publish or Perish from Google Scholar and Scopus databases and selected through a PRISMA-based screening process to ensure relevance and quality. The review reveals mixed and inconclusive findings regarding the relationship between green finance instruments, including Corporate Social Responsibility (CSR), green accounting, and Environmental, Social, and Governance (ESG) practices, and financial performance, where some studies report positive effects through improved efficiency, reputation, and investor confidence, while others find insignificant or negative impacts due to high implementation costs and sector-specific characteristics. Methodologically, prior studies are predominantly quantitative and rely on multiple linear regression, with stakeholder theory and legitimacy theory as the dominant theoretical frameworks. This study also identifies significant research gaps, particularly the limited adoption of IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2) and the weak alignment between green finance practices and the Sustainable Development Goals (SDGs), as well as the concentration of research in the manufacturing sector. The findings contribute to the sustainability accounting literature by synthesizing recent empirical evidence and highlighting the need for future research that integrates global sustainability reporting standards and broader sectoral coverage to better assess the long-term financial implications of green finance in Indonesia.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.5281/zenodo.18437854first seen 2026-05-14 22:36:20
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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。