Governance Mechanisms, Sustainability Reporting, and Investor Confidence: The Mediating Role of Information Risk
ガバナンスメカニズム、サステナビリティ報告、投資家の信頼：情報リスクの媒介的役割 (AI 翻訳)
Andi Aris Mattunruang, Rahmawati Rahmawati, Inayah Abdillah Rabbani, Nurul Afiqah Annas
🤖 gxceed AI 要約
日本語
本論文は、コーポレートガバナンスが情報リスクを低減し、サステナビリティ報告を通じて投資家の信頼を高めるメカニズムを、インドネシアのSRI-KEHATI指数採用企業のパネルデータ（2018-2024年）を用いて実証した。独立取締役や機関投資家所有等のガバナンス要因が情報リスクを低減し、それが投資家信頼を強化する媒介効果を確認した。
English
This paper empirically examines how corporate governance mechanisms reduce information risk and enhance investor confidence through sustainability reporting, using panel data from Indonesian SRI-KEHATI index firms (2018-2024). It finds that governance factors like independent commissioners and institutional ownership significantly lower information risk, which mediates stronger investor trust.
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
インドネシアのデータではあるが、ガバナンスとサステナビリティ報告が情報リスクを低減し投資家信頼を高めるメカニズムは、日本企業のSSBJ対応やコーポレートガバナンス改革にも示唆を与える可能性がある。
In the global GX context
This study contributes to the global literature on sustainability reporting and investor confidence by highlighting the mediating role of information risk in emerging markets, relevant for ISSB and other disclosure frameworks emphasizing governance and transparency.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the mediating role of information risk between governance mechanisms and investor confidence in the context of sustainability reporting.
🏢実務担当者:Findings can help corporate teams strengthen governance and ESG disclosure to reduce information risk and build investor trust.
🏛政策担当者:Suggests that regulators in emerging markets should consider governance quality as a key factor for credible sustainability reporting.
📄 Abstract（原文）
Purpose – This study examines the role of corporate governance mechanisms in reducing information risk and enhancing investor confidence through sustainability reporting. The topic is important as increasing ESG disclosure requirements and market expectations have intensified the need for transparent and credible corporate reporting to mitigate information asymmetry in emerging markets. Design/methodology/approach – Research employs a quantitative approach using panel data from 35 firms listed in the Indeks SRI-KEHATI over the period 2018–2024, resulting in 245 observations. Panel data regression is used to analyze the effect of governance mechanisms on information risk, while Structural Equation Modeling (SEM-PLS) is applied to examine direct and mediating relationships among variables. Finding/Results – The results indicate that governance mechanisms significantly reduce information risk, particularly through independent commissioners, board size, and institutional ownership. Furthermore, information risk plays a significant mediating role in strengthening investor confidence, as lower information asymmetry leads to higher market trust. Originality/Value – This study provides empirical evidence on the mediating role of information risk in the relationship between governance mechanisms and investor confidence within the context of sustainability reporting. The findings highlight that effective governance and transparent ESG disclosure are not only regulatory requirements but also strategic tools to enhance market credibility and investor trust in emerging markets.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.61255/jeemba.v4i2.897first seen 2026-07-26 06:09:13
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