Do Sustainability Disclosures Matter? An Empirical Analysis of Banks’ Financial Performance in Indonesia and Malaysia
サステナビリティ開示は重要か？インドネシアとマレーシアの銀行の財務業績に関する実証分析 (AI 翻訳)
Moch. Rusli, Asiah Wati, Haq Muhammad Hamka Habibie
🤖 gxceed AI 要約
日本語
インドネシア・マレーシアの銀行を対象に、ESGスコアがROA・ROEに与える影響を分析。2020～2024年のパネルデータを用いた結果、ESG開示は有意な影響を与えず、純利益率やマクロ経済変数が業績を左右することを示した。新興国市場におけるサステナビリティ開示の限定的な役割を指摘。
English
This study examines the impact of ESG scores on bank financial performance (ROA, ROE) in Indonesia and Malaysia using panel data from 2020-2024. Results show no significant effect of sustainability disclosures; instead, net profit margin and macroeconomic factors drive performance. Highlights the limited role of ESG in emerging market banking.
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
日本の金融機関でもESG開示が進むが、本分析は新興国での実証結果を提供。日本の大手行との比較や、SSBJ基準の適用可能性を検討する際の参考になる。ただし対象国が異なるため直接適用には注意。
In the global GX context
Global ESG disclosure frameworks (ISSB, CSRD) are expanding, but this paper provides evidence from emerging markets where such disclosures may not yet translate into financial performance. It suggests that institutional and macroeconomic contexts mediate the impact of sustainability reporting, a nuance relevant for global standard-setters.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the ESG-financial performance link in Southeast Asian banking, contributing to emerging market literature.
🏢実務担当者:Suggests sustainability teams in emerging market banks may not see short-term financial benefits; focus on macroeconomic and operational drivers.
🏛政策担当者:Indicates that mandatory ESG disclosure may not immediately enhance bank profitability; complementary policies needed.
📄 Abstract（原文）
This study aims to investigate the impact of sustainability reporting, as measured by the ESG score, on the financial performance of banks in Indonesia and Malaysia, specifically focusing on Return on Assets (ROA) and Return on Equity (ROE). Additionally, macroeconomic variables, including inflation (INF), GDP growth, unemployment rate (UNP), and bank-specific factors such as Net Profit Margin (NPM) and Debt to Equity Ratio (DER) are considered. Using panel data from 2020 to 2024, the study applies the Random Effects Model (REM) to analyze the relationships between these variables. The results indicate that ESG disclosure does not have a significant on the financial performance of banks in both countries. However, NPM significantly positively both ROA and ROE. Macroeconomic variables show mixed results, with inflation having a positive impact on financial performance, GDP negatively affecting ROE, and UNP having a positive effect on ROE but no significant effect on ROA. The study suggests that macroeconomic stability plays a more substantial role in shaping bank performance compared to sustainability disclosure, particularly in emerging markets like Indonesia and Malaysia. Further research could explore the long-term effects of sustainability reporting and consider crisis periods to better understand the dynamics between sustainability and financial performance in the banking sector.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.21043/malia.v9i1.33735first seen 2026-05-14 22:19:16
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