Does the Type of ESG Assurance Provider and Disclosure of the Assurance Team’s Composition Influence Investor Judgments?
ESG保証提供者の種類と保証チーム構成の開示が投資家の判断に影響を与えるか (AI 翻訳)
Brian Ballou, J. Owen Brown, J. Gregory Jenkins, Jonathan S. Pyzoha
🤖 gxceed AI 要約
日本語
統合報告の設定で、ESG情報の保証提供者（CPA法人 vs 非CPA法人）と保証チーム構成の開示（多分野チームの有無）が投資家の判断に与える影響を実験で検証。限定保証は保証なしより情報の信頼性を高め、投資意欲を向上させる。また、財務諸表監査のCPA法人がESG保証を行うと、非CPA法人より道徳的・認知的権威の認識が高まり投資意欲が増す。チーム構成開示は非CPA法人の認知権威を高め、CPA法人より投資意欲を大きく向上させる。保証市場と基準設定に示唆を与える。
English
In an integrated reporting setting, this experiment examines how ESG assurance provider type (CPA vs non-CPA firm) and disclosure of assurance team composition (multidisciplinary team including engineers, scientists) affect investor judgments. Limited assurance from either provider enhances ESG credibility and investment willingness. Engaging the CPA firm increases investment willingness due to higher perceived moral and cognitive authority, while disclosing multidisciplinary expertise boosts non-CPA firms' cognitive authority more than for CPA firms. Findings inform ESG assurance markets and standard setting.
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
日本でもSSBJ基準や有価証券報告書へのESG情報統合が進む中、保証の質と投資家の受け止めは重要。本実験結果は、保証提供者の選択（監査法人vs非監査法人）やチーム構成開示の効果を示し、日本企業のIR戦略や保証調達に実践的示唆を与える。
In the global GX context
With global frameworks like ISSB, CSRD, and SEC climate rules moving toward mandatory assurance, this study provides causal evidence on how assurance provider type and team composition disclosure shape investor decisions. It supports standard setters in designing assurance requirements and helps firms optimize their ESG assurance strategy to enhance capital market access.
👥 読者別の含意
🔬研究者:Provides experimental evidence on source credibility theory in ESG assurance, extending auditing and disclosure literature.
🏢実務担当者:Guides choice of ESG assurance provider (CPA vs non-CPA) and disclosure of team composition to influence investor perceptions.
🏛政策担当者:Informs standard setting on ESG assurance requirements and disclosure of assurance team qualifications.
📄 Abstract（原文）
ABSTRACT Using an integrated reporting setting with environmental, social, and governance (ESG) information alongside financial reporting, we experimentally examine the effects of ESG assurance provider (CPA firm or non-CPA firm) and disclosure of assurance team composition (present or absent disclosure of a multidisciplinary team including assurance practitioners, engineers, and scientists) on investor judgments. Consistent with Source Credibility Theory, limited assurance by either provider, versus no assurance, enhances the credibility of ESG information, increasing investors’ willingness to invest. Next, relative to a non-CPA firm, engaging the financial statement CPA firm for ESG assurance increases willingness to invest due to heightened perceptions of the CPA firm’s moral authority and cognitive authority. Finally, disclosing team composition that highlights multidisciplinary expertise enhances perceptions of cognitive authority for a non-CPA firm, increasing investment willingness to a greater extent than for a CPA firm. Our findings have implications for ESG assurance markets and standard setting. Data Availability: Data are available from the authors upon request.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.2308/bria-2025-014first seen 2026-07-26 05:34:43
🔔 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。