Struktur Kepemilikan dan Nilai Perusahaan: Corporate Social Responsibility Disclosure sebagai Variabel Mediasi
所有構造と企業価値：CSR開示の媒介変数としての役割 (AI 翻訳)
Robert Jao, Paulus Tangke, Anthony Holly, Natasya Gabriella Wijaya, Syafrimansyah Syafrimansyah
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所に上場する製造企業を対象に、所有構造が企業価値に与える影響をCSR開示の媒介効果を通じて検証した。結果、機関投資家所有はCSR開示に正の影響を与えるが、公的所有は有意でない。また、所有構造は直接企業価値に正の影響を与えるが、CSR開示の媒介効果は確認されなかった。
English
This study examines the influence of ownership structure on firm value through the mediating role of corporate social responsibility disclosure (CSRD) in Indonesian manufacturing firms. Institutional ownership positively affects CSRD, while public ownership does not. Both ownership types directly increase firm value, but CSRD does not mediate this relationship.
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
インドネシアの製造業を対象とした研究であり、日本のGX文脈（SSBJや有報）との直接的な関連は薄い。ただし、所有構造とCSR開示の関係は日本企業でも同様に検討可能であり、今後の比較研究の参考となる。
In the global GX context
This paper provides empirical evidence from an emerging market on the relationship between ownership structure and CSR disclosure, which complements global disclosure scholarship. However, it does not directly address climate-specific disclosure frameworks like TCFD or ISSB.
👥 読者別の含意
🔬研究者:Useful for scholars studying determinants of CSR disclosure in emerging markets and the role of ownership.
📄 Abstract（原文）
This research aims to investigate the influence of ownership structure on firm value through the lens of corporate social responsibility disclosure. The grand theory used is stakeholder theory. This research collects secondary data, including financial reports and sustainability reports, from manufacturing companies listed on the Indonesia Stock Exchange during the 2021-2024 period. The results show that institutional ownership has a positive and significant effect on corporate social responsibility disclosure (CSRD), while public ownership has no significant effect. Conversely, institutional ownership and public ownership have a direct positive effect on firm value, while CSRD has no significant effect. Furthermore, CSRD was found not to mediate the relationship between ownership structure and firm value. This indicates that the market responds more directly to ownership structure when assessing companies than to the social disclosure information presented
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.53654/tangible.v11i1.787first seen 2026-06-23 06:10:51
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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。