強制・任意ESG開示、ESG保証、企業価値：監査委員会の品質的役割
Mandatory and Voluntary ESG Disclosure, ESG Assurance, and Corporate Values: The Quality Role of the Audit Committee (原題)
M. Amien Dwi Putra, Aling Palinggau, Yusnaini Yusnaini, Ika Sasti Ferina
🤖 gxceed AI 要約
日本語
強制・任意ESG開示およびESG保証と企業価値の関係を、監査委員会の品質による調整効果も含めて系統的にレビューした研究。33本の関連文献の統合から、ESG開示と企業価値の関係は正・負・非有意と一様でなく、強制開示は透明性向上、任意開示は信頼性ある情報の場合に追加シグナルとなり得ると整理。ESG保証の企業価値への直接的証拠は限定的で、監査委員会品質の調整効果も一貫して検証されていないと指摘する。
English
A systematic literature review synthesizing 33 studies on how mandatory and voluntary ESG disclosure and ESG assurance relate to firm value, with audit committee quality as a moderator. Findings show the ESG disclosure–value relationship varies (positive, negative, or insignificant); mandatory disclosure may raise transparency while voluntary disclosure signals value when credible. Direct evidence on ESG assurance and firm value remains limited, and audit committee moderation is inconsistently tested, revealing gaps especially in the Indonesian context.
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
SSBJ基準の適用と保証のあり方が議論される日本では、開示の強制/任意の区別と第三者保証が企業価値にどう効くかという本レビューの論点は、有報・統合報告書での投資家対応を考える実務者に示唆を与える。監査委員会の品質を保証の実効性の調整要因とする視点は、日本企業のガバナンス設計にも援用可能。
In the global GX context
As ISSB/SSBJ adoption and assurance requirements (CSRD, SEC climate) expand globally, this review's framing of mandatory vs. voluntary disclosure and third-party assurance as credibility signals speaks directly to the disclosure-infrastructure debate. Its identification of limited evidence on assurance–value links and audit committee moderation highlights where empirical work is still needed for standard setters and investors.
👥 読者別の含意
🔬研究者:ESG開示・保証と企業価値の実証研究における未検証の調整変数と文脈ギャップを整理する出発点になる。
🏢実務担当者:強制/任意開示の設計と第三者保証の導入が投資家評価に与える影響を検討する際の論点整理に使える。
🏛政策担当者:保証制度や監査委員会の役割を制度設計する際、証拠が限定的な領域を把握する参考になる。
📄 Abstract（原文）
This study aims to synthesize research evidence on the relationship between mandatory ESG disclosure, voluntary ESG disclosure, and ESG assurance with company value, as well as examine the role of quality moderation of audit committees. The study uses the Systematic Literature Review (SLR) approach. Of the 1,430 initial recordings, as many as 40 articles were accessible for examination, and 33 articles were considered relevant for synthesis. The results of the study show that the relationship between ESG disclosure and company value varies, namely positive, negative, or insignificant. Mandatory disclosure has the potential to increase transparency, while voluntary disclosure can be an additional signal if the information is relevant and credible. ESG assurance has the potential to strengthen the credibility of information, but direct evidence regarding its relationship with company value is still limited. The role of audit committee quality as a moderation variable has also not been consistently tested. This study identifies conceptual and empirical gaps, especially in the Indonesian context.
🔗 Provenance — このレコードを発見したソース
- openalex https://e-journal.citakonsultindo.or.id/index.php/IJEVSS/article/view/7018first seen 2026-11-05 05:21:35 · last seen 2026-11-06 05:00:52
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