GX & Decarbonization Research

Anggya Julliet Jennyver Mangundap, J. Sondakh, Hendrik Gamaliel

Using SEM-PLS on 136 firm-year observations from 34 Indonesian banks (2021–2024), this study finds that sustainability disclosure fully mediates the leverage–firm value relationship and partially mediates the institutional ownership–firm va…

B. A. Bakirova, T. V. Pospelova, R. K. Elshibayev +1

This paper systematically analyzes ESG regulatory models in the EU, USA, and Asia-Pacific, examining SFDR, CSRD, EU Taxonomy, and ISSB S1/S2. Regression analysis confirms a positive relationship between mandatory ESG regulation and firm per…

Amalia R, Rahmadani Nur Permanawati

This study examines the effect of ESG scores on the financial performance (ROA) of property and real estate firms listed on the Indonesia Stock Exchange from 2020 to 2024. Using panel data regression, it finds that the overall ESG score and…

Suleiman, Baidu, Moses, Moses, Wusini, Deborah

This study examines the effect of sustainability reporting (Oil Spill Remediation Disclosure and Decommissioning & Asset Retirement Disclosure) on the financial performance of listed oil and gas firms in Nigeria, with the Petroleum Industry…

Yuliani Almalita, Almaida Dwi Kusuma

This study examines the effect of sustainability reporting on financial reporting quality in Indonesian manufacturing firms from 2022–2024. Using panel data from 125 listed firms, it finds that sustainability reporting and its quality do no…

Cassius Mogoeng, Karabo Sitto-Kaunda

This paper examines the role of strategic communicators in ESG disclosure, arguing that effective communication enhances stakeholder trust. It offers a practical framework for improving corporate ESG communication strategies.

Osei A.

This paper explores how firms integrate sustainability targets, eco-innovation, and sustainable governance to achieve sustainable competitive advantage, focusing on circular business transformation. It provides a theoretical framework for c…

Faten Ben Bouheni, Manish Tewari, Dima Leshchinskii

This study examines the association between ESG initiatives and corporate performance using 360 S&P 500 firms from 2010-2018. Environmental performance positively relates to current profitability (ROA), with a one-standard-deviation increas…

M. Vu, N. Lê, Albert Vu

This paper examines how ESG media signals affect earnings volatility of Vietnamese listed firms. It finds that social signals increase short-term volatility, governance signals reduce volatility, and environmental signals predict higher fut…

Fahad Ullah Khan, Asad Amin

This systematic review examines the evolution of ESG investing, its link to financial performance, and key measurement challenges. Following PRISMA guidelines, it screens peer-reviewed articles (2010-2025) and applies thematic analysis. Fin…

Камар Кожахметова, D. Rakhmatullayeva, K. Ruziev

This paper systematically reviews the role of multicriteria analysis (MCA) in ESG-oriented portfolio optimization. It compares methods like TOPSIS, PROMETHEE, VIKOR, AHP, Entropy, and CRITIC for integrating ESG criteria into investment deci…

Thanyawee Pratoomsuwan, H. Tan, W. Wattanacharoensil

This systematic review of 72 top-tier accounting journal articles analyzes how external drivers (regulatory, market) shape firm-level ESG initiatives and their impact on financial and non-financial performance. Applying institutional logics…

T. Hildenbrand, A. Röser, Alexander Zureck

This study analyzes the impact of ESG ratings (Bloomberg Disclosure Score and Morningstar Sustainalytics Score) on systematic and unsystematic risk for STOXX Europe 600 companies from 2017-2022. Using panel regression, it finds that the rel…

Supandi Dedi, Nurhaliza Nurhaliza, Fiarani Mesil +1

This study analyzes the effect of ESG disclosure on firm value in mining subsector companies listed on the Indonesia Stock Exchange (IDX). Using data from 2022-2025, it finds that ESG disclosure has no significant negative effect on firm va…

Kudakwashe Munyepwa, Liberty D. Mudzengerere, Pauline Machaka Charity Ranganai +1

This empirical study examines how ESG disclosure practices affect firm valuation and capital costs across different industries. Findings suggest that higher disclosure quality reduces cost of capital and increases firm valuation, with indus…

E. Shodiev

This paper proposes a new methodological approach integrating ESG factors with green financial analysis to assess corporate financial sustainability.

Ioannis Kalialakis, A. Kostas, Vasilios Zoumpoulidis +3

This study examines governance pillar characteristics of 68 firms listed on the Athens Stock Exchange ESG Index (2021-2023). It evaluates board size, independence, gender diversity, CEO duality, and audit disclosure. Findings show selective…

Enas Kamal Khaled Abu Farha, Lana K. Abu Farha, M. Omoush +2

This integrative review synthesizes literature on sustainable finance and responsible investment, highlighting the role of corporate governance (board diversity, audit committees) and ethical decision-making. It finds that ESG integration a…

Capt Yashodhan Mahajan, Yashodhan Mahajan

This paper explores how management accounting practices influence SDG performance and reporting. It focuses on the link between quantifying sustainability and internal management control.

Issam Benhayoun

This paper examines the effects of institutional pressures (regulatory, normative, mimetic) and organizational capital on SMEs' readiness for sustainability reporting. Empirical findings show that organizational capital enhances readiness, …