Talking green, reading clear? How sustainability talks shape the readability of banks’ corporate disclosure
グリーンな話、明確な読み手？サステナビリティ開示が銀行の企業開示の可読性に与える影響 (AI 翻訳)
Giuseppe Bifulco, Giulia Scardozzi, Sara Trucco
🤖 gxceed AI 要約
日本語
本研究は、欧州上場銀行の年次報告書（2014-2024年）を対象に、ESG情報の開示量と可読性（Gunning Fog指数）の関係を検証。環境・社会情報の増加は可読性を高める一方、ガバナンス情報や規制対応の開示は複雑化を招くことを実証。グリーンボンド発行銀行では環境開示が可読性向上に寄与し、モニタリングが容易になることを示した。
English
This study examines how ESG disclosure volume affects readability in European listed banks' annual reports (2014-2024) using the Gunning Fog index. It finds that environmental and social disclosures improve readability, while governance and regulatory-driven disclosures increase complexity. For banks with green bonds, greater environmental disclosure enhances readability, facilitating monitoring.
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、銀行の統合報告書や有報でのESG情報の質が問われている。本研究成果は、開示の可読性が投資家の理解やモニタリングに与える影響を示唆し、日本の銀行や企業が開示を設計する際の参考になる。
In the global GX context
With ISSB and CSRD driving sustainability disclosure, this paper offers empirical evidence on how ESG content affects readability, relevant for global standard-setters and banks balancing regulatory compliance with clear communication.
👥 読者別の含意
🔬研究者:ESG開示の可読性研究に新たな知見を提供。
🏢実務担当者:開示戦略の改善に役立つ。
🏛政策担当者:開示規制の設計に示唆を与える。
📄 Abstract（原文）
Grounded in cognitive load theory and complemented by legitimacy and signaling perspectives, this study examines whether including sustainability information across the three ESG pillars in banks’ annual reports affects the readability of corporate disclosures, particularly in the context of green bond issuance. Despite its relevance, the application of cognitive load theory to the comprehension of financial and accounting information remains limited in prior literature. To address this gap, the study analyzes the annual reports of European listed banks over the period 2014–2024 using the Gunning Fog as a readability index. Empirical findings highlight the dual nature of ESG disclosure in the banking sector. On the one hand, an increase in ESG-related content, particularly in the environmental and social dimensions, tends to improve readability and reduce cognitive effort. On the other hand, governance-related disclosures and regulatory-driven reporting requirements appear to increase textual complexity, thereby reducing readability. Core results of the analysis show that, for banks with at least one outstanding green bond, greater environmental disclosure increases the readability of annual reports, making it easier to monitor.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.2139/ssrn.7030698first seen 2026-08-04 04:49:21
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