The Effect of ESG Disclosure on Firm Value: The Moderating Role of The Reporting Format
ESG開示が企業価値に与える影響：報告形式の調整効果 (AI 翻訳)
Awaliyatu Khoirunnisa, Dwi Putri Restuti
🤖 gxceed AI 要約
日本語
本研究は、インドネシア・シャリア株価指数（ISSI）上場の鉱業企業を対象に、ESG開示が企業価値に与える影響と、報告形式の調整効果を検証した。分析の結果、ESG開示は企業価値に有意な正の影響を与え、報告形式がこの関係を調整することが確認された。理論的には市場認識における報告形式の重要性を示し、実務的にはサステナビリティ報告の質向上を支援する。
English
This study examines the impact of ESG disclosure on firm value using a moderated regression analysis on Indonesian mining companies listed on the Indonesia Sharia Stock Index (2020-2024). Results show that ESG disclosure positively and significantly affects firm value, and the reporting format moderates this relationship. The findings highlight the importance of reporting format in market perception and support regulators in enhancing sustainability reporting quality.
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
本論文はインドネシア市場を対象としているが、報告形式がESG開示の企業価値への影響を調整する点は、日本の有報や統合報告書における開示フォーマットの設計にも示唆を与える。SSBJ基準など、形式面での検討が進む中で参考になる。
In the global GX context
This paper provides empirical evidence that the format of sustainability reporting moderates the market valuation of ESG disclosures, reinforcing the need for standardized frameworks like ISSB. It offers insights for global regulators and firms on how presentation can influence investor perception.
👥 読者別の含意
🔬研究者:Interesting for studying how reporting format affects market valuation of ESG information, especially in emerging markets.
🏢実務担当者:Supports the design of effective sustainability reports by showing that format can influence firm value.
🏛政策担当者:Highlights the importance of mandating or guiding reporting formats to ensure consistency and comparability.
📄 Abstract（原文）
<p class="bdabstract">This study examines the effect of Environmental, Social, and Governance (ESG) disclosure on firm value by incorporating reporting format as a moderating variable. This study uses a quantitative approach to investigate mining companies listed on the Indonesia Sharia Stock Index (ISSI) from 2020 to 2024. The analysis in this study employs a Moderated Regression Analysis (MRA) approach, which is used to assess the direct effect of ESG disclosure on company value, considering the moderation of the reporting format. The results indicate that ESG disclosure has a positive and statistically significant impact on firm value. The Reporting Format can moderate the relationship between ESG and company value and the relationship between ESG Disclosure and Firm Value remains significant and positive. Theoretically, this study highlights that the reporting format influences market perception, while practically, it supports regulators in strengthening the quality of sustainability reporting.</p><p><em> </em></p>
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.21043/aktsar.v8i2.34321first seen 2026-05-14 22:02:12
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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。