GX & Decarbonization Research

Maria Fransisca Winowattan, Amelia Oktrivina

This study analyzes the impact of ESG disclosure on firm value (Tobin's Q) for coal subsector companies listed on the Indonesia Stock Exchange from 2020 to 2024 using panel data regression. The results show that ESG disclosure alone is not …

Miratul Husna Neris, Galih Mulya, Sari Kartikaningrum +1

This study analyzes the impact of economic, environmental, and social disclosures on the financial performance (ROA) of 25 Indonesian mining companies using panel data from 2021-2024. Environmental disclosure is positively associated with f…

Onyinye Dorince Ozonyia, S. Eneh

This study examines the effect of ESG disclosure on market value of Nigerian non-financial firms (2014-2025). Using panel regression, it finds that only the Environmental Disclosure Index has a statistically significant positive effect on m…

Nam Nam, Hyeyoung Jee, Sein Yoo +1

This study applies appraisal theory to analyze the evaluative language in ESG reports of Korean corporations, revealing how sustainability is discursively constructed through linguistic choices.

Cintia Külzer‐Sacilotto, Kathy Ning Shen

This study analyzes 278 ESG reports from all UAE-listed companies (2020-2023) using an exploration-exploitation framework. Findings show a gradual increase in exploration-oriented discourse, with financial firms more exploration-focused and…

Cañada Gracia, Marta

This paper conceptually introduces the Regenerative Impact Scale (RIS) developed by Marta Cañada Gracia (Ibonar). RIS evaluates six capitals (natural, social, economic, cultural, governance, systemic) on a scale from -2 (degenerative) to +3…

Aggarwal S.

This paper systematically reviews the ESG investing literature using the ADO (Antecedents-Decisions-Outcomes) framework, synthesizing drivers, corporate decisions, and performance outcomes, while identifying research gaps.

de Carvalho P.L.

This paper investigates the association between environmental, social, and governance (ESG) practices and the cost of capital for companies listed in G20 capital markets. It provides cross-country empirical evidence on how ESG performance i…

Sadiq M.

This study empirically analyzes the relationship between ESG index and firm value using Malaysian data. The findings suggest a positive impact of ESG scores on firm value, supporting the effectiveness of ESG investing in emerging markets.

Strouhal J.

This study investigates stakeholder perceptions of ESG reporting in Czechia and Estonia, analyzing opinions on reporting quality and importance, and highlighting differences between the two countries.

Hussain W.

This paper empirically examines the relationship between ESG disclosure, firm internationalization, and financial performance in the Asia-Pacific region. It suggests that internationalized firms may benefit more from ESG disclosure.

Ketterling C.I.

This paper provides a legal perspective on global ESG and sustainability reporting legislation, reviewing major frameworks (TCFD, ISSB, CSRD) and national laws. It offers insights for corporate compliance and disclosure practices.

Del Gesso C.

This paper systematically reviews the theories underlying ESG disclosure (e.g., legitimacy theory, stakeholder theory) from an accounting research perspective. It organizes the theoretical foundations and suggests future research directions…

Kumar D.

This study examines the relationship between ESG disclosures and firm risk in the tourism sector, highlighting how uncertainties affect risk metrics.

Abraham J.

This paper analyzes the current state and challenges of ESG disclosures in the private equity industry. It discusses the quality and consistency of ESG reporting as these factors become increasingly important in investment decisions and fun…

Sorana Vătavu, O. Lobonţ, Dumitrița Gîrlă +3

This study uses panel data from EU member states (2000-2021) to examine the relationship between corporate environmental governance and GHG emissions in energy-intensive industries. It estimates elasticities of emissions to sectoral value a…

Jiajing Yu

This study examines how ESG performance affects corporate financing costs through the intermediary role of supply chain risk, using panel data of Chinese A-share listed firms in the cosmetics and consumer goods industry from 2018-2023. Fixe…

Munir Ahmad, Dr Riffut Jabeen, Badr Mohay Ul Din Bhutta +1

This study examines the relationships between CSR, green finance, business reputation, and business performance in the Pakistani banking industry. Using PLS-SEM on a sample of 200 bank managers, the results show that CSR and green finance p…

Yuting Su

This literature review systematically examines how patient capital fosters corporate green behavior, synthesizing English and Chinese scholarship. It identifies key channels: alleviating financing constraints for green innovation, enabling …

Abhijit Biswas

This paper analyzes SEBI's March 2025 circular on ESG reporting in India, which introduces flexibility in assurance for BRSR Core disclosures, voluntary green credits, and deferred obligations for value chain partners. It positions the circ…