Green Accounting as a Strategic and Financial Lever: Integrating Environmental Externalities into Corporate Management and Valuation
グリーン会計を戦略的・財務的レバレッジとして：環境外部性を企業経営と評価に統合する (AI 翻訳)
Fateh Saci
🤖 gxceed AI 要約
日本語
本論文は、グリーン会計が環境外部性の測定、予算決定、企業名声、市場評価にどのように活用されるかを、文献レビューと12件の専門家インタビューに基づき分析。大企業では環境指標が経営システムや投資判断に組み込まれつつあるが、中小企業では訓練不足やツール不足により制度化が遅れている。環境報告の質と経済的意思決定との連携が企業の信頼性と価値評価に影響を与えることを示唆。
English
This paper investigates how green accounting serves as a strategic and financial tool for measuring environmental externalities, guiding budgets, enhancing reputation, and influencing valuation. Based on a literature review and twelve interviews with professionals, it finds that large firms increasingly link environmental indicators to management systems and access to finance, while SMEs lag due to resource constraints. The study highlights the uneven institutionalization of green accounting and its impact on corporate credibility.
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
本論文は、グリーン会計の実践が企業経営と市場評価に与える影響を分析しており、日本におけるSSBJ基準や有価証券報告書の非財務情報開示の高度化に示唆を与える。特に、大企業と中小企業間のギャップは、日本のGX実践における課題と政策的対応の必要性を浮き彫りにする。
In the global GX context
This paper contributes to global GX discourse by examining how green accounting integrates environmental externalities into corporate strategy and valuation, relevant to frameworks like ISSB, TCFD, and CSRD. It underscores the uneven adoption between large firms and SMEs, offering insights for standard-setters and practitioners aiming to enhance disclosure quality and decision-usefulness.
👥 読者別の含意
🔬研究者:研究者は、グリーン会計の制度化における大企業と中小企業の非対称性と、それが企業価値評価に与える影響についての知見を得られる。
🏢実務担当者:実務者は、環境報告の質と信用・資金調達との関連性を理解し、自社の開示強化や管理体制構築の参考にできる。
🏛政策担当者:政策担当者は、中小企業向けの訓練やツール支援の必要性、および規制による制度化促進の検討材料を得られる。
📄 Abstract（原文）
This paper examines the extent to which green accounting can serve as a strategic and financial lever for measuring environmental externalities, guiding budgetary trade-offs, strengthening organizational reputation, and influencing corporate valuation in financial markets. The analysis draws on a literature review spanning environmental accounting, sustainable finance, and stakeholder theory, as well as on a qualitative inquiry based on twelve semi-structured interviews conducted with professionals in accounting, auditing, consulting, extra-financial reporting, and banking. The findings show that green accounting is, first and foremost, a mechanism for measuring and making impacts visible, but that its degree of operationalization depends heavily on firms' internal structuring, resources, methodological tools, and regulatory exposure. In large firms, environmental indicators are increasingly linked to management systems, industrial investment decisions, risk management, and access to finance. In SMEs and intermediate organizations, this dynamic remains more fragile because of insufficient training, limited tools, weak cross-functional coordination, and constrained verification capacity. The article therefore highlights a central tension: green accounting is becoming an indispensable management infrastructure for sustainability transitions, yet its institutionalization remains uneven. The quality of environmental reporting, its methodological robustness, and its articulation with economic decision-making shape corporate credibility, legitimacy, and, increasingly, perceived value.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.2139/ssrn.6609398first seen 2026-05-15 21:01:17
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