Implementation of Sustainable Finance and Corporate Financial Performance: A Systematic Literature Review
サステナブルファイナンスの実施と企業財務業績：系統的文献レビュー (AI 翻訳)
Pra Gemini, Hasliah Hasliah, Fausiah Fausiah, Aminah Aminah, Andi Herman Tellu, Elisabeth Ambalele
🤖 gxceed AI 要約
日本語
本研究は、サステナブルファイナンスの実践が企業の財務業績に与える影響を、2015年から2026年までの34件の査読付き論文を系統的にレビューして分析した。ESG統合、サステナビリティ報告、グリーンファイナンス、気候リスク管理などの実践は、一般的に収益性、市場評価、資本へのアクセス向上と関連するが、リスク管理が不十分な場合や規制環境が未発達な場合には、混合的または否定的な結果も見られる。媒介・調整メカニズムの役割が今後の研究トレンドとして浮上している。
English
This systematic review of 34 peer-reviewed articles (2015-2026) examines how sustainable finance practices affect corporate financial performance. ESG integration, sustainability reporting, green financing, and climate-risk management are generally associated with improved profitability, market valuation, and capital access, but mixed or negative outcomes occur when risks are poorly managed or regulations are weak. The review highlights emerging research on mediating and moderating mechanisms, offering implications for managers, policymakers, and researchers.
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
日本ではSSBJ開示が始まり、企業のサステナビリティ情報開示が投資家対応の重要課題となっている。本レビューは、ESG実践と財務業績の関連性を整理することで、日本企業が開示戦略や資本市場での評価向上に活かせるエビデンスを提供する。
In the global GX context
Globally, with ISSB and CSRD frameworks advancing, this review synthesizes evidence on the sustainable finance–performance link, helping firms and policymakers understand when ESG integration yields financial benefits. It underscores the importance of robust risk management and regulatory support, relevant for jurisdictions implementing mandatory disclosure.
👥 読者別の含意
🔬研究者:Provides a structured overview of the sustainable finance–performance literature, identifying gaps and emerging mechanisms for future research.
🏢実務担当者:Offers evidence that ESG integration and sustainability reporting can improve profitability and capital access, supporting business case for sustainability initiatives.
🏛政策担当者:Highlights that underdeveloped regulatory environments can lead to negative outcomes, suggesting policy support for robust sustainability practices.
📄 Abstract（原文）
The growing integration of Environmental, Social, and Governance (ESG) considerations into corporate strategy has made sustainable finance a prominent research topic, yet its relationship with corporate financial performance remains inconclusive across industries and countries. This study aims to systematically review existing empirical evidence on the implementation of sustainable finance and its effects on corporate financial performance. A systematic literature review method was employed, following the Preferred Reporting Items for Systematic Reviews and Meta-Analyses framework. A total of 34 peer-reviewed articles published between 2015 and 2026 were selected from multiple academic databases through a structured screening process. The findings reveal that sustainable finance practices, including environmental, social, and governance integration, sustainability reporting, green financing, and climate-risk management, are generally associated with improved profitability, stronger market valuation, and better access to capital. However, mixed and negative outcomes were also identified, particularly in contexts where sustainability risks are poorly managed or where regulatory environments are underdeveloped. The review further highlights emerging research trends, including the growing role of mediation and moderation mechanisms in explaining the sustainable finance–performance relationship. These findings carry practical implications for managers, policymakers, and future researchers in the field of sustainable corporate finance.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://jurnal.ibik.ac.id/index.php/jimkes/article/download/5525/3594first seen 2026-08-03 05:18:49
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。