Pengaruh Corporate Governance dan Cross-listing terhadap Kualitas Pengungkapan ESG: Studi pada Perusahaan Sektor Energi dan Bahan Baku yang Terdaftar di BEI 2019-2023
コーポレートガバナンスとクロス上場がESG開示の質に与える影響：2019-2023年インドネシア証券取引所上場のエネルギー・素材セクター企業を対象として (AI 翻訳)
null Nabila Delviana Putri, null Retno Yuni Nur Susilowati
🤖 gxceed AI 要約
日本語
本研究は、インドネシア証券取引所（IDX）に上場するエネルギー・素材セクター企業を対象に、取締役会規模、独立性、機関投資家保有、監査委員会規模、クロス上場がESG開示の質に与える影響を分析。2019～2023年のパネルデータを用いた重回帰分析の結果、取締役会規模、独立性、機関投資家保有、クロス上場はESG開示の質に正の影響を与える一方、監査委員会規模は負の影響を示した。内部ガバナンスと外部圧力の両方がESG開示向上に寄与することを示唆。
English
This study examines the impact of board size, board independence, institutional ownership, audit committee size, and cross-listing on ESG disclosure quality for energy and basic materials firms listed on the Indonesia Stock Exchange (2019-2023). Using multiple regression on 73 observations, it finds that board size, independence, institutional ownership, and cross-listing positively affect ESG disclosure quality, while audit committee size has a negative effect. The results highlight the role of both internal governance and external pressure in enhancing ESG transparency.
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
インドネシア市場を対象とした研究だが、日本企業のESG開示においても、取締役会の構成や機関投資家の関与が重要である点は共通。ただし、日本のSSBJや有報での開示実務に直接結びつく知見ではない。
In the global GX context
This study provides empirical evidence from an emerging market (Indonesia) on how governance mechanisms and cross-listing influence ESG disclosure quality. While not directly applicable to Japan, it contributes to the global literature on determinants of ESG reporting, relevant for ISSB and CSRD contexts where governance quality is a key factor.
👥 読者別の含意
🔬研究者:Provides emerging-market evidence on governance-ESG disclosure links, useful for comparative studies.
🏢実務担当者:Limited direct applicability for Japanese firms, but reinforces the value of board independence and institutional ownership for ESG quality.
🏛政策担当者:Offers insights for regulators in emerging markets; less relevant for Japanese policy.
📄 Abstract（原文）
Corporate Governance and Cross-listing are considered crucial factors in promoting corporate transparency and accountability, particularly in sustainability reporting based on Environmental, Social, and Governance (ESG) standards. A strong governance structure is believed to enhance the quality of ESG disclosure, while Cross-listing serves as an external pressure that reinforces a company's commitment to global reporting standards. This study aims to examine the influence of board size, board independence, institutional ownership, audit committee size, and Cross-listing status on the quality of ESG disclosure. The research focuses on companies in the energy and basic materials sectors listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period, using ESG data sourced from Bloomberg. The sample consists of 18 companies with a total of 73 observations selected through purposive sampling. Hypotheses were tested using multiple linear regression analysis. The results show that board size, board independence, institutional ownership, and Cross-listing have a positive and significant effect on the quality of ESG disclosure. Conversely, audit committee size has a negative and significant effect. These findings indicate that both internal pressure through governance mechanisms and external pressure through Cross-listing on foreign exchanges play an important role in driving the quality of corporate ESG disclosure.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.59581/jka-widyakarya.v3i2.4995first seen 2026-05-05 19:08:14
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