The Moderating Effect of Sustainability Commitment and ESG Disclosure on Corporate Credit Risk: An Analysis of the Banking Industry in Southeast Asia
サステナビリティへのコミットメントとESG開示が企業信用リスクに与える緩和効果：東南アジア銀行業の分析 (AI 翻訳)
Achmad Jaelani, Atik Budi Paryanti
🤖 gxceed AI 要約
日本語
東南アジア上場銀行のパネルデータ（2015-2023）を用い、債務企業のESG開示が銀行の信用リスク（不良債権比率）に与える影響と、銀行のサステナビリティ・コミットメントの調整効果を検証。ESG開示は信用リスクを有意に低減し、銀行のサステナビリティ統合度が高いほどその効果が増幅されることを示した。
English
Using panel data from Southeast Asian listed banks (2015-2023), this study examines how debtor firms' ESG disclosure affects bank credit risk (NPL ratio) and the moderating role of banks' sustainability commitment. Results show ESG disclosure significantly reduces credit risk, and this effect is amplified for banks with stronger sustainability integration.
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、銀行の投融資先のESG情報活用が重要に。本研究成果は、日本の金融機関がESG情報を信用リスク評価に組み込む際の実証的根拠を提供し、サステナビリティ経営の戦略的価値を示唆する。
In the global GX context
This study provides empirical evidence from Southeast Asia that ESG disclosure reduces credit risk, relevant to global discussions on ISSB and Basel frameworks integrating sustainability into risk management. It highlights the role of information receivers (banks) in the ESG-credit risk pathway, offering insights for global banking supervision.
👥 読者別の含意
🔬研究者:ESG開示と信用リスクの経路における情報受信者の調整効果を実証した点が学術的貢献。
🏢実務担当者:銀行のサステナビリティ統合が信用リスク評価精度を高めることを示し、融資判断へのESG情報活用を後押し。
🏛政策担当者:金融規制当局は、ESG情報の信用リスクへの影響を考慮した監督指針の策定に有用なエビデンス。
📄 Abstract（原文）
This research seeks to examine how the Environmental, Social, and Governance (ESG) Disclosure of debtor firms influences Credit Risk, proxied by the Non-Performing Loan (NPL) ratio, within the Southeast Asian banking sector, as well as to evaluate the moderating function of Bank Sustainability Commitment. Grounded in Signaling Theory and Stakeholder Theory, this quantitative study employs panel data from Southeast Asian listed banks covering the years 2015-2023. The regression analysis on the panel data indicates that debtor firms’ ESG Disclosure exerts a significant positive effect on bank Credit Risk (H1 supported), suggesting that strong ESG transparency signals high management quality, thereby reducing information asymmetry and the likelihood of default. A major finding also shows that Bank Sustainability Commitment significantly and positively moderates this relationship (H2 supported), amplifying the risk-reducing impact of ESG Disclosure. This implies that banks with stronger sustainability integration are more capable of leveraging ESG information for more accurate risk evaluation and mitigation. Theoretically, the study contributes to a deeper understanding of the ESG credit risk pathway by highlighting the importance of the information receiver. From a managerial standpoint, the results recommend that banks strengthen their internal sustainability commitment as a strategic approach to enhance credit risk assessment precision and optimize loan portfolio management.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.38035/dijemss.v7i6.6282first seen 2026-08-08 05:07:15
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