企業のサステナビリティ・メカニズムがESGパフォーマンスに与える影響：BISTサステナビリティ指数の分析
IMPACT OF CORPORATE SUSTAINABILITY MECHANISMS ON ESG PERFORMANCE: AN ANALYSIS OF THE BIST SUSTAINABILITY INDEX (原題)
Abdullah Kursat Merter, Y. S. Balcıoğlu, Tuğba Arslanoğlu Karakaya
🤖 gxceed AI 要約
日本語
本研究は、BISTサステナビリティ指数に上場する企業を対象に、取締役会レベルのサステナビリティ委員会の設置、GRI基準の採用、外部保証がESGスコアに与える影響を固定効果モデルで分析した。結果、これらのメカニズムはESGパフォーマンスに正の影響を与え、多国籍企業ではその効果がより顕著であることが示された。
English
This study analyzes the impact of board-level sustainability committees, GRI adoption, and external assurance on ESG scores for BIST Sustainability Index firms. Using fixed-effects panel regression, it finds positive effects, with multinational status moderating the relationship positively.
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
日本ではSSBJ開示が始まり、サステナビリティ委員会や外部保証の重要性が高まっている。本研究成果は、日本企業のガバナンス体制構築や開示品質向上に示唆を与える。
In the global GX context
Globally, this study reinforces the value of sustainability governance and assurance in emerging markets, aligning with ISSB and CSRD trends. It provides evidence that institutional mechanisms enhance ESG outcomes, relevant for global investors and policymakers.
👥 読者別の含意
🔬研究者:Provides empirical evidence on sustainability mechanisms and ESG performance in an emerging market context.
🏢実務担当者:Highlights the importance of sustainability committees and external assurance for improving ESG scores.
🏛政策担当者:Suggests that regulatory support for sustainability governance can enhance corporate ESG performance.
📄 Abstract（原文）
This study investigates impact of corporate sustainability mechanisms on the Environmental, Social, and Governance (ESG) performance of firms listed on the Borsa Istanbul (BIST) Sustainability Index. Using an unbalanced panel dataset of 260 firm-year observations from 51 unique companies between 2014 and 2023, this research examines how the establishment of a board-level sustainability committee, the adoption of the Global Reporting Initiative (GRI) standards for sustainability reports, and the external assurance of these reports influence ESG scores. Furthermore, the study explores the moderating role of multinational status in the relationship between a composite measure of these sustainability mechanisms and ESG performance. The empirical analysis is conducted using a fixed-effects panel regression model with Driscoll-Kraay standard errors to address potential issues of heteroskedasticity, autocorrelation, and cross-sectional dependence. The findings reveal that the presence of a sustainability committee, adherence to GRI standards, and obtaining external assurance for sustainability reports are all positively and significantly associated with higher ESG performance. A composite index of these mechanisms also demonstrates a significant positive impact. Notably, the results indicate that multinational status positively moderates this relationship, suggesting that the effect of robust sustainability governance structures on ESG performance is more pronounced for multinational corporations. These findings offer valuable insights for policymakers, investors, and corporate managers by highlighting the importance of institutionalized sustainability governance and reporting practices in enhancing corporate ESG outcomes, particularly within the context of an emerging market.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://dergipark.org.tr/tr/download/article-file/5318485first seen 2026-09-08 05:11:30 · last seen 2026-09-22 04:59:19
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