Peran Pengungkapan Sustainability Report dan Kepemilikan Institusional dalam Meningkatkan Nilai Perusahaan
サステナビリティレポート開示と機関所有が企業価値向上に与える役割 (AI 翻訳)
Maghfiratul Aini, Erna Chotidjah Suhatmi, Umi Hanifah
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所の基礎産業・化学セクター企業を対象に、サステナビリティレポート開示と機関所有が企業価値に与える影響を検証した。重回帰分析の結果、機関所有は企業価値に有意な正の影響を与えるが、サステナビリティ開示は有意な影響を示さなかった。開示が形式的で投資家へのシグナルとなっていないことを示唆する。
English
This study examines the impact of sustainability report disclosure and institutional ownership on firm value for Indonesian basic industry and chemical sector firms. Multiple regression analysis shows institutional ownership significantly affects firm value, while sustainability disclosure has little impact, suggesting disclosure remains symbolic and not a meaningful signal for investors.
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開示が始まる中、開示が形式的に留まるリスクを示す点で示唆的。投資家が開示情報をどう評価するか、日本企業の開示戦略にも参考になる。
In the global GX context
Adds evidence from an emerging market on the limited value relevance of sustainability disclosure, relevant to global discussions on the effectiveness of disclosure frameworks like ISSB and CSRD in different institutional contexts.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the value relevance of sustainability disclosure in an emerging market context.
🏢実務担当者:Highlights that sustainability disclosure alone may not enhance firm value unless it is substantive and integrated into strategy.
🏛政策担当者:Suggests that regulators may need to strengthen enforcement and standardization to make sustainability disclosure more meaningful.
📄 Abstract（原文）
The purpose of this research is to determine whether and how sustainability reports and institutional ownership affect company value. This study used a quantitative approach that relied on purposive sampling. Annual financial reports, sustainability reports, and stock price data were used as sources of secondary data for this study. The companies listed on the Indonesia Stock Exchange in the basic industries and chemicals sectors from 2021 to 2024 were considered. In order to analyse the research outcomes, SPSS was used in conjunction with multiple linear regression.. According to the findings, institutional ownership significantly affects firm value, whereas sustainability report disclosure has little impact. Sustainability disclosure in this industry is still mostly about checking boxes and hasn't turned into a meaningful signal for investors, according to this study. On the other hand, institutional ownership helps keep agencies from competing interests. With implications for corporate disclosure strategies and investor decision-making, this study offers empirical insights into the unique roles of ownership systems and disclosure mechanisms in predicting business value.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.55606/jebaku.v6i2.7722first seen 2026-08-06 05:05:55
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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。