Legitimacy Strategies: SDG Disclosure, Earnings Management, and Accounting Changes in Indonesian Banking
正当性戦略：インドネシア銀行業におけるSDGs開示、利益管理、および会計変更 (AI 翻訳)
E. Santoso, A. Yusup, N. Triani
🤖 gxceed AI 要約
日本語
本研究はインドネシア銀行におけるSDGs開示と利益操作の関係を分析。GRI報告書の内容分析と貸倒引当金モデルを用いて、SDGs開示が高いほど利益操作が行われる傾向を発見。これはSDGs開示が実質的ではなく象徴的な正当化戦略であることを示唆。新しい会計基準PSAK 71の導入によりこの関係が強化される。
English
This study examines the relationship between SDG disclosure and earnings management in Indonesian banks. Using content analysis of GRI-based reports and loan loss provisions as a proxy for earnings management, it finds a positive association, suggesting that SDG disclosure may be symbolic. The effect is stronger under the new accounting standard PSAK 71, which increases managerial discretion.
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
インドネシアの銀行に焦点を当てた研究であり、日本の文脈には直接当てはまらないが、サステナビリティ開示の質を評価する上での示唆を含む。特に、会計基準変更が開示の信頼性に影響を与える可能性を示しており、日本の有報や統合報告書における開示監視の重要性を再認識させる。
In the global GX context
This study contributes to the global debate on the quality of sustainability disclosure by showing that SDG disclosure in Indonesian banks is associated with earnings management, suggesting symbolic adoption. It highlights the role of accounting standards (PSAK 71) in enabling managerial discretion, relevant for jurisdictions adopting IFRS 9.
👥 読者別の含意
🔬研究者:Provides evidence that SDG disclosure can be symbolic in emerging market banking, relevant for studies on legitimacy theory and sustainability accounting.
🏢実務担当者:Highlights that sustainability disclosure alone may not indicate genuine commitment; firms should align disclosure with actual performance.
🏛政策担当者:Suggests that regulators should monitor earnings management alongside sustainability disclosures to ensure credibility.
📄 Abstract（原文）
This study investigates the relationship between Sustainable Development Goals (SDGs) disclosure and earnings management in the Indonesian banking sector. The research addresses whether SDG disclosure reflects a symbolic or substantive legitimacy strategy by examining its association with earnings management as a reflection of opportunistic accounting behavior. The SDG disclosure index is constructed using content analysis of GRI-based sustainability reports, and earnings management is measured through the loan loss provisions (LLP) model. The research sample consists of listed Indonesian banks for the 2016–2023 period that publish GRI-based sustainability reports, resulting in a final sample of 157 firm-year observations. Regression analysis with robust standard errors was employed to test the hypotheses and explore the moderating role of PSAK 71 implementation in the relationship. The findings show that SDG disclosure is positively associated with earnings management practices, demonstrating a symbolic strategy. This positive association became more apparent in the PSAK 71 implementation, which implies enhanced managerial discretion. These findings are consistent both for overall SDG disclosure and across each SDG pillar, as well as testing with different model specifications. These findings suggest that sustainability disclosure may be used as a channel for opportunistic behavior, particularly in contexts where accounting changes expand the scope of managerial discretion.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.24912/ja.v30i1.3482first seen 2026-05-15 18:42:42 · last seen 2026-06-15 05:28:01
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