The Impact of ESG (Environmental, Social And Governance) Implementation on Financial Performance in Mining Companies
ESG（環境・社会・ガバナンス）実施が鉱山企業の財務業績に与える影響 (AI 翻訳)
Nurrahmaniah Nurrahmaniah, Popong Nurhayati, Bagus Sartono
🤖 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鉱山企業40社の2018～2023年のデータを用いて、ESG開示が財務業績（ROA・ROE）に与える影響を分析した。パネルデータ回帰分析の結果、ESG開示の透明性はROA・ROEに正の有意な影響を与え、業務効率の向上やリスク管理の強化、投資家の信頼向上に寄与することが示された。
English
This study analyzes the effect of ESG disclosure transparency on the financial performance of 40 mining companies listed on the Indonesia Stock Exchange (2018-2023). Using panel data regression, it finds that ESG disclosure positively and significantly impacts ROA and ROE, suggesting that transparency enhances operational efficiency, risk management, and investor confidence.
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
インドネシアの鉱山セクターに焦点を当てた研究だが、日本の鉱山企業や資源関連企業がESG開示を強化する際の参考となる。特にSSBJ基準との整合性や投資家対応に示唆を与える。
In the global GX context
This study provides evidence from an emerging market (Indonesia) that ESG disclosure improves financial performance, supporting the business case for ESG integration globally. It adds to the literature on ESG-financial performance links outside developed markets.
👥 読者別の含意
🔬研究者:Useful for meta-analyses on ESG-financial performance, especially in emerging markets.
🏢実務担当者:Mining companies can leverage this evidence to justify ESG investments and improve disclosure practices.
📄 Abstract（原文）
The mining industry plays an essential role in the national economy, but it also has severe environmental impacts. Therefore, Corporate Sustainability Disclosure (CSD) is needed to ensure transparent, accountable reporting on sustainability risk mitigation and the improvement of companies' Environmental, Social, and Governance (ESG) practices. This study aims to analyze the effect of ESG disclosure transparency on the financial performance of mining companies listed on the Indonesia Stock Exchange (IDX) during the period 2018-2023. This study uses secondary data from annual, financial, and sustainability reports from the IDX and from companies' financial reports. The research sample comprises 40 companies selected through purposive sampling. This study uses panel data regression analysis with the Fixed-Effects and Random-Effects models selected via the Hausman test. The results of this study indicate that the level of sustainability disclosure and ESG scores of mining companies have increased consistently since 2020. The analysis results indicate that ESG disclosure has a positive and significant effect on ROA and ROE, suggesting that ESG transparency can enhance operational efficiency, strengthen risk management, and increase investor confidence.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.38035/dijemss.v7i3.6072first seen 2026-05-14 22:03:39
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