Green Finance, Capital Structure, and Firm Value: The Mediation Role of Sustainability Disclosure in Indonesia
グリーンファイナンス、資本構造、企業価値：インドネシアにおける持続可能性開示の媒介的役割 (AI 翻訳)
Sukma Febrianti, Mustaruddin Mustaruddin, Wendy Wendy
🤖 gxceed AI 要約
日本語
本研究は、インドネシア企業を対象に、グリーンファイナンスと資本構造が企業価値に与える影響を分析し、持続可能性開示の媒介効果を検証した。結果、グリーンファイナンスは企業価値と持続可能性開示に正の影響を与え、持続可能性開示は部分的に媒介することが示された。資本構造は直接企業価値に影響しないが、持続可能性開示には有意な影響を与える。
English
This study examines the effect of green finance and capital structure on firm value, with sustainability disclosure as a mediator, using Indonesian data. Findings show green finance positively affects firm value both directly and indirectly through sustainability disclosure. Capital structure does not directly affect firm value but influences sustainability disclosure.
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、ASEAN新興市場においてグリーンファイナンスと持続可能性開示が企業価値に与える影響を実証しており、日本企業がアジア展開やSSBJに基づく開示戦略を検討する際に参考となる。
In the global GX context
This paper provides empirical evidence from an emerging market on how green finance and sustainability disclosure enhance firm value, offering insights for global standard-setters (ISSB, TCFD) and companies in developing economies adopting such frameworks.
👥 読者別の含意
🔬研究者:Empirical evidence on green finance and sustainability disclosure mediation in an emerging market.
🏢実務担当者:Insights on how green finance and sustainability disclosure enhance firm value, useful for corporate sustainability reporting.
🏛政策担当者:Supports the case for promoting green finance and mandatory sustainability disclosure for market development.
📄 Abstract（原文）
ABSTRACT Background of study: The growing global concern regarding environmental sustainability has encouraged companies to integrate sustainable finance and transparency practices into corporate strategies. Green Finance and Sustainability Disclosure have become important instruments in supporting long-term corporate value creation. Aims and scope of paper: This study aims to examine the effect of Green Finance and Capital Structure on Firm Value with Sustainability Disclosure acting as a mediating variable. The research focuses on understanding how sustainable financial practices contribute to corporate valuation. Methods: This study aims to examine the effect of Green Finance and Capital Structure on Firm Value with Sustainability Disclosure acting as a mediating variable. The research focuses on understanding how sustainable financial practices contribute to corporate valuation. Result: The findings indicate that Green Finance has a positive and significant effect on Firm Value and Sustainability Disclosure. Capital Structure does not directly influence Firm Value but significantly affects Sustainability Disclosure. Furthermore, Sustainability Disclosure partially mediates the relationship between Green Finance and Firm Value. Conclusion: The results suggest that Green Finance enhances Firm Value both directly and indirectly through improved Sustainability Disclosure. Integrating sustainable financing with transparent sustainability reporting is essential for strengthening investor confidence and supporting long-term corporate performance.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.53515/alqodiri.v24i1.30first seen 2026-05-15 21:02:03
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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。