From governance to performance: How sustainability strategy mediates corporate sustainability success
ガバナンスからパフォーマンスへ：サステナビリティ戦略がいかに企業のサステナビリティ成功を媒介するか (AI 翻訳)
Arie Pratama, Rina Fadhilah Ismail, Nanny Dewi Tanzil, P. Koeswayo, L. Megawati
🤖 gxceed AI 要約
日本語
本研究は、東南アジアの上場企業を対象に、サステナビリティガバナンス（委員会設置や保証）が戦略を媒介してESGパフォーマンスに与える影響を検証した。255社のデータを分析し、ガバナンスが戦略発展を促進し、それがパフォーマンス向上につながることを確認した。
English
This study examines how sustainability governance (sustainability committee and assurance) influences sustainability performance via sustainability strategy, using a sample of 255 listed firms from Indonesia, Malaysia, Singapore, and Thailand. Results show governance mechanisms support strategy development, which enhances ESG performance, supporting agency and legitimacy theories.
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
本論文は東南アジア企業を対象としているが、日本企業にとってもサステナビリティ委員会の設置や第三者保証がESG評価向上に寄与する点で示唆がある。SSBJや有報での開示強化が進む中、ガバナンスと戦略の連動が重要であることを示す。
In the global GX context
This paper provides empirical evidence from Southeast Asia on how sustainability governance drives performance, relevant to global frameworks like TCFD and ISSB that emphasize governance and strategy. It underscores the role of assurance and board-level committees in improving ESG disclosure quality.
👥 読者別の含意
🔬研究者:Confirms the mediating role of sustainability strategy between governance and performance, extending agency and legitimacy theory applications in emerging markets.
🏢実務担当者:Highlights that establishing a sustainability committee and obtaining assurance can lead to better ESG scores, which may affect investor relations and access to capital.
🏛政策担当者:Suggests that mandating or encouraging sustainability governance structures can improve corporate sustainability outcomes, relevant for regional harmonization of standards.
📄 Abstract（原文）
This study examines how sustainability governance influences sustainability strategies and how these strategies subsequently affect sustainability performance in Southeast Asian public companies. Sustainability governance is operationalized using two Refinitiv Eikon proxies: the presence of a sustainability committee and the use of sustainability assurance. Sustainability strategy is measured using the corporate social responsibility (CSR) strategy score, while sustainability performance is captured through Refinitiv’s environmental, social, and governance (ESG) score, a disclosure-based indicator widely used in prior research (Ma, 2024; Ghinizzini et al., 2025). The sample included 255 listed firms from Indonesia, Malaysia, Singapore, and Thailand. Descriptive statistics and analysis of variance (ANOVA) identify cross-country and industry differences, and structural equation modelling (SEM) with path analysis tests the hypothesized relationships. The results showed that governance mechanisms support the development of sustainability strategies, which subsequently enhance sustainability performance. These findings are consistent with agency and legitimacy theories and highlight the need for more standardized and substantive sustainability governance practices across the region.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://virtusinterpress.org/spip.php?action=telecharger&arg=14911&hash=8ec33622217ef4b7e643f8ad986018c55fb41045first seen 2026-07-16 06:04:46
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