The Effects of Environmental, Social, and Governance (ESG) Disclosure Score on the Financial Performance of Energy and Mining Companies in Indonesia
インドネシアのエネルギー・鉱業企業におけるESG開示スコアが財務パフォーマンスに与える影響 (AI 翻訳)
Irgi Maulana Putra, M. Saiful
🤖 gxceed AI 要約
日本語
本研究はインドネシアのエネルギー・鉱業企業におけるESG開示スコアと財務パフォーマンス（ROA、ROE）の関係を分析。重回帰分析の結果、ESG全体の開示は統計的に有意な影響を与えず、SocialピラーのみがROEに有意な正の効果を示した。EnvironmentalおよびGovernanceピラーは有意でなかった。
English
This study analyzes the effect of ESG disclosure scores on financial performance (ROA, ROE) of energy and mining companies in Indonesia. Using multiple regression, it finds that overall ESG disclosure has no significant impact, but the Social pillar significantly improves ROE. Environmental and Governance pillars are not significant.
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
インドネシアの資源セクターに特化したESG研究であり、日本のエネルギー・鉱業企業のESG戦略には直接的な示唆は限られるが、新興国におけるESG開示の財務効果を理解する参考となる。
In the global GX context
This paper provides empirical evidence on ESG-financial performance links in an emerging-market extractive industry context. Global practitioners can note the importance of the Social pillar, though the lack of significant results for Environmental and Governance pillars may reflect disclosure quality issues.
👥 読者別の含意
🔬研究者:Adds to ESG disclosure literature in emerging markets; suggests social performance matters more than environmental or governance in Indonesian extractive firms.
🏢実務担当者:Energy and mining companies in emerging markets may prioritize social disclosures to improve ROE, but overall ESG integration needs stronger evidence.
🏛政策担当者:Indonesian regulators could consider strengthening ESG disclosure frameworks, especially for environmental and governance aspects, to enhance materiality.
📄 Abstract（原文）
This study aims to analyze the effect of Environmental, Social, and Governance (ESG) disclosure on the financial performance of companies in the energy and mining sectors in Indonesia. The research employs a quantitative method using multiple linear regression to examine the influence of the ESG pillars Envi-ronmental, Social, and Governance both individually and collectively on Return on Assets (ROA) and Return on Equity (ROE). The results indicate that overall ESG Pillar disclosure has a positive coefficient but does not have a statistically significant effect on corporate financial performance. The Social pillar shows a significant effect in improving ROE, while the Environmental and Governance pillars, despite having positive and negative coefficients respectively, do not exhibit statistically significant impacts on company profitability. This study highlights the importance of ESG integration particularly the Social aspect into the business strategies of energy and mining companies in Indonesia to enhance competi-tiveness, sustainability, and investor trust.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.55606/ijemr.v5i1.815first seen 2026-07-18 07:40:32
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