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The Influence of Sustainability Reporting Quality on the Value of Mining Companies Listed on the Indonesia Stock Exchange

サステナビリティ報告の質がインドネシア証券取引所上場鉱業企業の企業価値に与える影響 (AI 翻訳)

Moh. Rizal Syafiie, Ira Gustina, Ranti Melasari, S. Suryani

Asian Journal of Applied Business and Management📚 査読済 / ジャーナル2026-02-28#ESG
DOI: 10.55927/ajabm.v5i1.19
原典: https://doi.org/10.55927/ajabm.v5i1.19

🤖 gxceed AI 要約

日本語

本研究は、インドネシア証券取引所上場の鉱業企業を対象に、サステナビリティ報告の質（ESG開示）が企業価値（株価純資産倍率）に与える影響を分析する。2023～2025年のデータを用いた重回帰分析により、報告の質が高いほど情報非対称性が減少し、投資家の信頼が高まる仮説を検証する。実務的には、経営者や規制当局への示唆を提供する。

English

This study examines how sustainability reporting quality affects firm value (Price to Book Value) in Indonesian mining firms listed on the IDX from 2023-2025. Using multiple regression, it tests that higher ESG disclosure reduces information asymmetry and boosts investor trust. Results offer insights for managers, investors, and regulators.

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

インドネシア鉱業企業を対象とした研究であり、日本のGX文脈（SSBJや有報など）への直接的な関連性は低い。ただし、新興国市場におけるESG開示の企業価値への影響を示す点で、国際的な開示制度の有効性に関する知見を提供する。

In the global GX context

This paper provides empirical evidence from an emerging market (Indonesia) on the value relevance of sustainability reporting, contributing to global debates on ESG disclosure effectiveness. While not directly applicable to Japan's SSBJ context, it reinforces the importance of disclosure quality for investor relations.

👥 読者別の含意

🔬研究者:Offers empirical evidence on ESG disclosure-value relation in emerging market context.

🏢実務担当者:Mining firms can use findings to justify investments in sustainability reporting to improve market valuation.

🏛政策担当者:Highlights need for mandatory disclosure standards to reduce information asymmetry in developing economies.

📄 Abstract（原文）

This study aims to analyze the effect of sustainability reporting quality on firm value in the mining sector listed on the Indonesia Stock Exchange (IDX) during the 2023–2025 period. The independent variables consist of environmental, social, and governance (ESG) disclosures, while the dependent variable is firm value measured by financial ratio such as Price to Book Value (PBV). A quantitative approach with multiple linear regression analysis is employed to test the causal relationships among the variables using secondary data obtained from companies’ annual and sustainability reports. The results are expected to provide empirical evidence that higher-quality sustainability reporting positively affects firm value by enhancing social legitimacy, reducing information asymmetry, and increasing investor trust. This study also contributes to the development of sustainability accounting literature and offers practical insights for corporate management, investors, and regulators to strengthen sustainable business practices within Indonesia’s mining industry.

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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。