The Influence of Foreign Ownership and Sustainability Committee on Sustainability Disclosure in Asean Regional Countries
ASEAN地域における外国所有権とサステナビリティ委員会がサステナビリティ開示に与える影響 (AI 翻訳)
Mona Nur Adhillah, I.andFuadah Meutia, S. F. Kartasari
🤖 gxceed AI 要約
日本語
本研究は、ASEAN5カ国（インドネシア、マレーシア、シンガポール、タイ、ベトナム）の非金融上場企業を対象に、外国所有権とサステナビリティ委員会がサステナビリティ開示に与える影響を2015〜2023年のデータで分析。結果、外国所有権は有意な効果を示さなかったが、サステナビリティ委員会は正の影響を与え、内部ガバナンスが開示の透明性を高めることを確認した。
English
This study examines the impact of foreign ownership and sustainability committees on sustainability disclosure in non-financial listed firms across five ASEAN countries (Indonesia, Malaysia, Singapore, Thailand, Vietnam) from 2015-2023. Results show foreign ownership has no significant effect, while sustainability committees positively influence disclosure, supporting stakeholder and agency theories.
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に進出する際の投資先企業の開示実態を理解する上で参考になる。ただし、日本国内のGX開示基準（SSBJ等）とは直接関係しない。
In the global GX context
This paper provides empirical evidence on sustainability disclosure determinants in ASEAN, relevant for global investors and multinational corporations assessing ESG practices in emerging markets. It complements discussions on governance and disclosure in developing economies.
👥 読者別の含意
🔬研究者:Researchers can use these findings to understand governance factors driving sustainability disclosure in ASEAN.
🏢実務担当者:Corporate sustainability teams in ASEAN can leverage the importance of sustainability committees to improve disclosure.
🏛政策担当者:Policymakers in developing countries may consider promoting sustainability committees to enhance corporate transparency.
📄 Abstract（原文）
This study is motivated by the increasing attention to sustainability practices in the ASEAN region, which requires companies to focus not only on financial performance but also on transparency and social and environmental responsibility. Foreign ownership and the existence of a sustainability committee are two governance factors that may influence the level of corporate sustainability disclosure. This study aims to examine the effect of foreign ownership and sustainability committee on sustainability disclosure among listed non-financial companies in five ASEAN countries (Indonesia, Malaysia, Singapore, Thailand, and Vietnam) during 2015–2023, with 1,083 firm-year observations. Sustainability disclosure is measured using the Refinitiv ESG Score, and the data are analyzed using panel data regression with EViews 12 software. The results show that foreign ownership has no significant effect on sustainability disclosure, suggesting that foreign investors have not fully encouraged sustainability reporting in ASEAN companies. Meanwhile, the existence of a sustainability committee has a positive and significant effect, confirming that internal governance mechanisms enhance corporate transparency and accountability. These findings support Stakeholder Theory and Agency Theory in explaining how governance structures and stakeholder pressures influence corporate sustainability reporting. This study contributes to academic literature and offers insights for regulators and corporate management to strengthen sustainability governance in developing ASEAN countries.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.38035/dijefa.v6i6.5874first seen 2026-05-05 23:12:46
🔔 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。