ESG disclosure and sustainable financial performance: The moderating role of corporate reputation
ESG開示と持続可能な財務パフォーマンス：企業の評判の調整役 (AI 翻訳)
Rafika Sari, Muhammad Safdar, Eklamsia Sakti
🤖 gxceed AI 要約
日本語
本研究は、ESG開示が持続可能な財務パフォーマンス（SFP）に与える影響と、企業の評判の調整効果を検証した。新興市場の210社を対象としたロジスティック回帰分析の結果、ESG開示はSFPに負の影響を与えるが、評判はその負の影響を弱めることが示された。実務家はESG開示と評判管理を統合すべきである。
English
This study investigates the impact of ESG disclosure on sustainable financial performance (SFP) and the moderating role of corporate reputation. Using logistic regression on 210 firms from an emerging market, it finds that ESG disclosure has a significant negative effect on SFP, but corporate reputation weakens this negative relationship. Practitioners should integrate ESG disclosure with reputation management.
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
日本企業が新興市場で事業を展開する際、ESG開示と企業評判の相互作用を理解することは有用。SSBJ対応においても、評判リスク管理の重要性を示唆する。
In the global GX context
This study highlights the role of corporate reputation in moderating the ESGSFP link, relevant for global frameworks like ISSB that emphasize the broader impact of sustainability disclosures. It provides empirical evidence from an emerging market, complementing developed-market studies.
👥 読者別の含意
🔬研究者:Introduces corporate reputation as a novel moderator in the ESG-SFP link, offering new avenues for research in emerging markets.
🏢実務担当者:Should integrate ESG disclosure with reputation management to mitigate negative financial impacts.
🏛政策担当者:Policymakers in emerging markets should design frameworks that encourage transparent ESG reporting and recognize reputation as a strategic driver.
📄 Abstract（原文）
Research aims: This study aims to investigate the impact of ESG disclosure on sustainable financial performance (SFP) and to examine the moderating role of corporate reputation. Design/Methodology/Approach: This study uses quantitative methods and secondary data sources. The study sample comprised 210 data companies reporting ESG on Bloomberg. The analysis technique uses logistic regression with IBM SPSS Statistics 25 as the statistical tool.Research Findings: ESG disclosures are associated with significant negative effects on sustainable financial performance (SFP). The interaction between ESG disclosures and a company's reputation is positive and statistically significant. However, these effects operate in a negative baseline relationship, suggesting that reputation weakens the negative impact of ESG disclosures rather than reinforces its positive impact.Theoretical contribution/Originality: This study explores the under-researched ESG–SFP link in emerging markets, addresses ongoing debates, and introduces corporate reputation as a novel moderating variable, highlighting its role in shaping ESG disclosure’s impact on sustainable financial performance.Practitioner/Policy implication: Practitioners should integrate ESG disclosure with reputation management to enhance sustainable financial performance, while policymakers in emerging markets should design frameworks that encourage transparent ESG reporting and recognize corporate reputation as a strategic driver of financial sustainability. Limitations/Research Implication: This study is limited to one country and sector, limiting generalizability. Sustainable financial performance is simplified as a binary profit–risk measure, while corporate reputation relies on a market-based proxy that may not capture broader reputational dimensions.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.18196/jai.v27i2.29610first seen 2026-07-28 05:28:42
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