The Relationship Between ESG Disclosure and Corporate Value Creation
ESG開示と企業価値創造の関係 (AI 翻訳)
Depeng Pan
🤖 gxceed AI 要約
日本語
本論文は、2018年から2025年の中国A株上場企業を対象に、ESG開示の質が企業価値創造に与える影響を分析。結果、ESG開示の質は企業価値と正の相関を示し、特に高汚染産業や民間企業で顕著。また、イノベーション能力向上と資金調達制約緩和が仲介経路であることを明らかにした。
English
This study analyzes Chinese A-share listed firms (2018-2025) and finds that ESG disclosure quality positively correlates with corporate value creation, especially in high-polluting industries and private enterprises. The effect is mediated by enhanced innovation and reduced financing constraints.
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
本論文は中国企業を対象としているが、ESG開示が企業価値に寄与する実証結果は、日本のSSBJ対応や非財務情報開示の重要性を裏付ける示唆を提供する。
In the global GX context
This paper provides empirical evidence from China that high-quality ESG disclosure enhances firm value, supporting global efforts like ISSB and CSRD to mandate such disclosures, particularly in emerging markets.
👥 読者別の含意
🔬研究者:Provides robust empirical evidence on the mediating mechanisms (innovation and financing) through which ESG disclosure drives firm value.
🏢実務担当者:Use the findings to justify ESG investments and disclosure improvements, especially in high-pollution or private firms.
🏛政策担当者:Supports the case for strengthening ESG disclosure regulations, with implications for emerging economies.
📄 Abstract（原文）
With the advancing global sustainable development, environmental, social, and governance (ESG) disclosure has become a key channel for companies to communicate with stakeholders. This study takes Chinese A-share listed companies from 2018 to 2025 as samples to explore the correlation between ESG disclosure quality and corporate value creation, as well as its internal mechanism. The results show a significant positive correlation between ESG disclosure quality and corporate value creation, which is more prominent in highly polluting industries and private enterprises. The research indicates that ESG disclosure promotes corporate value creation through two paths: enhancing corporate innovation capabilities and alleviating financing constraints. The conclusions provide theoretical and practical references for enterprises to improve ESG management and for regulators to optimize ESG disclosure systems.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.70731/6tn9vg97first seen 2026-05-17 07:51:13 · last seen 2026-05-20 05:42:14
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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。