Sustainability Reporting Quality, Ethical Leadership, and Earnings Management: Evidence From an Emerging Economy
持続可能性報告の質、倫理的リーダーシップ、利益操作：新興経済国からの証拠 (AI 翻訳)
Taghred Mokhtar Sayed Moawad, Khaled Hussainey, Yaacob Ibrahim
🤖 gxceed AI 要約
日本語
本研究は、新興経済国における持続可能性報告の質（SRQ）と利益操作（EM）の関係を分析。531社年のデータを用い、SRQとEMの間に正の相関を発見し、グリーンウォッシュが短期的な操作を隠蔽する可能性を示唆。一方、ラグモデルでは負の相関が見られ、一貫した品質が長期的な規律を促進することも確認。倫理的リーダーシップは内部統制として機能し、持続可能性報告の象徴的利用を抑制する。
English
This study analyzes the relationship between sustainability reporting quality (SRQ) and earnings management (EM) in an emerging economy using 531 firm-year observations. It finds a positive contemporaneous correlation between SRQ and EM, suggesting greenwashing disclosures mask short-term manipulation, but a negative lagged correlation indicating consistent quality fosters long-term discipline. Ethical leadership acts as an internal control mechanism, reversing the positive association and inhibiting symbolic exploitation of sustainability.
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
日本ではSSBJ対応や有価証券報告書でのサステナビリティ開示が進む中、報告の質と利益操作の関係は日本の企業開示の信頼性にも示唆を与える。特に、倫理的リーダーシップの内部統制効果は、日本企業のコーポレートガバナンス改革にも関連。
In the global GX context
Globally, with ISSB standards and SEC climate disclosure rules emphasizing reporting integrity, this paper provides empirical evidence on how sustainability reporting quality can be manipulated (greenwashing) to mask earnings management. It highlights the role of ethical leadership as a governance mechanism, relevant for investors and regulators assessing disclosure credibility.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the greenwashing-earnings management link, useful for disclosure quality research.
🏢実務担当者:Highlights the importance of ethical leadership and consistent reporting quality to avoid greenwashing risks in sustainability disclosures.
🏛政策担当者:Suggests that mandatory sustainability reporting may need quality assurance mechanisms to prevent symbolic compliance.
📄 Abstract（原文）
ABSTRACT This study analyzes the relationship between sustainability reporting quality (SRQ) and earnings management (EM) in an emerging economy and investigates the moderating role of ethical leadership. Analyzing 531 firm‐year observations from mandatory reports (2022–2024), SRQ is measured via a 51‐indicator index, while EM is proxied by the modified Jones and Kothari models. Using firm fixed effects and 2SLS to address endogeneity, the results show a positive, simultaneous correlation between SRQ and EM, supporting the view that greenwashing disclosures mask short‐term manipulation. Conversely, lagged specifications reveal a negative correlation, suggesting that consistent quality fosters long‐term discipline. Additionally, ethical leadership acts as an internal control mechanism, reversing the positive association and inhibiting the symbolic exploitation of sustainability. By shifting focus from disclosure quantity to quality and employing an objective financial measure, this research provides vital insights for regulators and investors regarding reporting integrity and ethical conduct in emerging markets.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1002/bse.71216first seen 2026-07-18 06:21:09
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
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。