Strategic Impact of Integrated Sustainability Reporting on Financial Performance: Evidence from Developing Countries
統合的サステナビリティ報告が財務業績に与える戦略的影響：発展途上国からのエビデンス (AI 翻訳)
Katherine Helen Aurora, Suci Normala, Riana Sari, Iskandar Muda, Ramadas Kandath, Robert Balku
🤖 gxceed AI 要約
日本語
本研究は、新興市場における統合的サステナビリティ報告（ISR）と財務業績の戦略的関連性を、5カ国448のデータを用いて構造方程式モデリングで分析。ESG開示の質が自己資本利益率や市場評価に正の影響を与えることを実証し、透明性が規制負担ではなく戦略的資源となることを示した。
English
This study examines the strategic link between integrated sustainability reporting (ISR) and financial performance in emerging markets. Using 448 data points from five countries and structural equation modeling, it finds that ESG disclosure quality positively impacts ROE and market valuation, demonstrating transparency as a strategic resource rather than a regulatory burden.
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（サステナビリティ基準委員会）が開示基準を策定中で、本稿は発展途上国での開示先行事例を提供。日本企業の海外サプライチェーンにおけるESG情報活用や、投資家向け統合報告の価値検討に示唆を与える。
In the global GX context
Globally, the ISSB and other frameworks are pushing for standardized sustainability disclosure. This paper provides empirical evidence from emerging markets, showing that integrated reporting can enhance financial performance, reinforcing the business case for transparency in global capital markets.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the value relevance of integrated reporting in emerging markets, filling a gap in sustainability disclosure literature.
🏢実務担当者:Demonstrates that integrated sustainability reporting can improve access to capital and brand reputation, justifying the initial investment for companies in developing regions.
🏛政策担当者:Supports the development of mandatory ESG disclosure frameworks in emerging economies by showing positive financial outcomes, encouraging regulatory action.
📄 Abstract（原文）
This paper examines the strategic link between ISR and financial performance in emerging markets. As stakeholder capitalism gains momentum in international markets, companies in emerging economies are increasingly being lobbied to disclose environmental, social, and governance (ESG) metrics alongside traditional financial performance indicators. Using a robust sample of 448 data points from publicly listed firms across five emerging markets, this paper examines f reporting quality on financial performance indicators, such as credit ratings and market activity ratios, empiricall The work's purpose was to employ the Python language to perform data preprocessing for PV, used to establish a causal relationship with structural equation modelling regarding reporting quality and Return on Equity (ROE), as part of Research and Development. The analysis accounts for firm size, leverage, and industry character to disentangle the specific effect of SRI disclosure. The researchers also found that, despite being a costly option to integrate, even more so when adopting reporting standards, the long-term strategic advantage of having integrated inclusive practices, in terms of better access to capital, brand reputation, and operational risk management, offers tremendous value for money. This study adds to the scarce literature on developing countries by demonstrating that transparency becomes an important strategic resource rather than just a regulatory burden.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.64091/atitp.2025.000183first seen 2026-05-14 22:35:05
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