Signaling Sustainability: How Reporting Quality Translates Into Competitive Advantage in ASEAN Economies
シグナリング・サステナビリティ：報告の質がASEAN経済における競争優位にどうつながるか (AI 翻訳)
Tho Hoang Nguyen, Malik Muneer Abu Afifa, Thuy Hong Thi Tran, Long Duc Huynh, N. Nguyen
🤖 gxceed AI 要約
日本語
本研究は、2020〜2024年のASEAN-6諸国における1721社の非金融上場企業を対象に、持続可能性報告の質（SRQ）が企業の競争優位に与える影響を実証的に分析した。マルチレベル構造方程式モデリングを用いた結果、SRQ単独では財務業績に直接寄与せず、強固なESGパフォーマンスと組み合わさった場合にのみ効果を発揮することが示された。また、競争の激しい市場ではそのシグナル効果が弱まる。
English
This study empirically examines how sustainability reporting quality (SRQ) influences firm competitive advantage (FCAD) through firm performance in ASEAN-6 countries from 2020-2024. Using multilevel SEM on 1,721 firms, it finds that SRQ alone does not yield financial gains; its effect is contingent on strong ESG performance. Intense competition weakens the signaling effect. Managers should align reporting with substantive ESG strategies.
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
日本企業がASEAN地域に進出する際、現地法人のサステナビリティ報告戦略を検討する上で示唆に富む。報告の質だけではなく、実際のESGパフォーマンスとの整合性が競争優位に直結する点は、日本企業のグループ全体でのESG統合を考える参考となる。
In the global GX context
This paper provides empirical evidence from emerging markets on the signaling role of sustainability reporting, highlighting the conditional effect of ESG performance and competitive intensity. It offers insights for global firms operating in ASEAN and contributes to the debate on whether reporting is substantive or symbolic.
👥 読者別の含意
🔬研究者:Empirical evidence on the moderating role of competitive intensity in the SRQ-performance link using multi-level SEM.
🏢実務担当者:Sustainability reporting should be embedded in actual ESG performance to gain competitive advantage; pure symbolic reporting is ineffective.
🏛政策担当者:Promoting high-quality reporting standards alone may not suffice; complementary policies to enhance ESG performance are needed.
📄 Abstract（原文）
This study empirically investigates how the quality of sustainability reporting (SRQ) influences firm competitive advantage (FCAD) through the mediating role of firm performance (FIP) within ASEAN‐6 countries over the period 2020–2024. In addition, the analysis examines whether environmental, social, and governance (ESG) performance and competitive intensity (COIN) condition the relationship between SRQ and FIP. Drawing on signaling theory, the study employs multilevel structural equation modeling (ML‐SEM) and analyzes data from 1721 publicly listed non‐financial firms. The findings indicate that SRQ, on its own, does not yield immediate financial gains. Instead, its economic relevance depends critically on alignment with robust ESG performance across environmental, social, and governance dimensions. This evidence suggests that SRQ serves as a credible signaling device only when it reflects underlying sustainability competencies, thereby reducing information asymmetry and enhancing FIP. However, the effectiveness of such signals weakens in markets characterized by intense competition, likely due to higher signaling costs and increased informational noise. These results imply that managers should move beyond viewing sustainability reporting as a purely regulatory or symbolic exercise and instead embed disclosure practices within substantive ESG strategies. Moreover, firms should tailor their sustainability approaches to the institutional and competitive conditions prevailing in each national context to strengthen their competitive positioning within the ASEAN region.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1002/csr.70826first seen 2026-07-13 06:50:44
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
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。