ANALYZING THE RELATIONSHIP BETWEEN SUSTAINABILITY DISCLOSURE QUALITY ON FINANCIAL PERFORMANCE OF LISTED INDIAN COMPANIES
インド上場企業のサステナビリティ開示品質と財務業績の関係分析 (AI 翻訳)
Maharshi Rahevar, G. Japee
🤖 gxceed AI 要約
日本語
本研究は、インド上場企業15社（製造業、IT、銀行）のサステナビリティ開示品質（SDQ）と財務業績（ROA、ROE、NPM）の関係を2019-2023年で分析。開示品質指数（DQI）を構築し、相関分析によりSDQと全財務指標が正の相関（r=0.48-0.60）を示すことを発見。銀行業の開示品質が最も高く、IT企業の財務業績が最も良い。高品質な開示が企業収益性向上に寄与する可能性を示唆。
English
This study analyzes the relationship between sustainability disclosure quality (SDQ) and financial performance (ROA, ROE, NPM) for 15 listed Indian companies across manufacturing, IT, and banking sectors from 2019-2023. Using a Disclosure Quality Index (DQI) and correlation analysis, it finds positive correlations between SDQ and all financial indicators (r=0.48-0.60). Banking shows highest disclosure quality, while IT firms exhibit best financial performance. The findings suggest high-quality disclosures may enhance corporate profitability.
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
インドのBRSR開示と財務業績の関連を実証した点は、日本企業がSSBJ開示を進める際の参考になる。開示品質向上が資本市場での評価向上につながる可能性を示唆し、日本でも同様の分析が期待される。
In the global GX context
This Indian study provides empirical evidence linking sustainability disclosure quality to financial performance, relevant to global discussions on ISSB and CSRD implementation. It demonstrates that higher disclosure quality correlates with better financial metrics, supporting the business case for transparent ESG reporting. The methodology can be replicated in other markets.
👥 読者別の含意
🔬研究者:Provides empirical evidence from an emerging market on the disclosure-performance link, useful for comparative studies.
🏢実務担当者:Highlights that improving sustainability disclosure quality may correlate with better financial performance, supporting business case for ESG reporting.
🏛政策担当者:Offers evidence that mandatory disclosure frameworks like BRSR can be associated with positive financial outcomes, informing policy design.
📄 Abstract（原文）
Sustainability reporting has become an important tool of over recent years which enables companies to report their environmental, social, and governance (ESG) activities to their stakeholders. The paper discusses how Sustainability Disclosure Quality (SDQ) affects the financial performance of 15 listed Indian companies in three sectors, namely, Manufacturing, Information Technology (IT), and Banking during five years (2019-2023). The structure of Disclosure Quality Index (DQI) was developed with the help of the secondary data (annual reports, Business Responsibility and Sustainability Reports (BRSR), and financial databases) to evaluate the extent of sustainability disclosures. Monetary execution was quantified in accordance with Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM). The data were analysed using descriptive statistics and correlation analysis. Findings show that Banking firms are the best disclosure quality (Mean SDQ = 0.785), whereas IT firms have the best financial performance (Mean ROA = 8.96; ROE = 20.84; NPM = 21.45 ). It was found that SDQ is positively correlated with all financial indicators (ROA: r = 0.482, ROE: r = 0.516, NPM: r = 0.604, p < 0.01) which indicates that high-quality sustainability disclosures can be linked to better financial results. The article contributes the increased significance of transparency and ESG practices in improving corporate profitability and trusted by the stakeholders to investors, managers and policymakers.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.55955/520003first seen 2026-08-02 06:19:05
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