Social Disclosure's Ascendancy in Energy Corporate Valuation: Outpacing Economic, Environmental, and Governance Dimensions
エネルギー企業価値における社会的開示の台頭：経済・環境・ガバナンス次元を凌駕して (AI 翻訳)
Hernisa Hernisa, Alfonsa Dian Sumarna
🤖 gxceed AI 要約
日本語
本研究は、インドネシアのエネルギーセクターにおけるESG開示が企業価値に与える影響を分析した。経済・環境・ガバナンスの各開示は単独では有意な影響を与えないが、社会的開示は正の影響を与える。また、全次元の統合的開示は企業価値に有意な影響を及ぼす。エネルギー企業にとって社会的パフォーマンスの開示は、レピュテーション向上や地域関係強化を通じて市場価値を直接高める重要要素である。
English
This study examines the impact of ESG and economic disclosures on firm value in Indonesia's energy sector (2021-2023). Findings show that economic, environmental, and governance disclosures individually do not significantly affect firm value, but social disclosure has a significant positive effect. The simultaneous disclosure of all dimensions is significant, highlighting the importance of integrated reporting for energy companies.
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
本稿はインドネシアの事例だが、日本のエネルギー企業においても社会的開示の重要性を示唆する。SSBJ基準や統合報告書では社会面の開示が求められており、企業価値向上につながる可能性がある。
In the global GX context
This study contributes to the growing literature on ESG materiality, particularly highlighting the social dimension's value relevance in the energy sector. It supports the integrated reporting framework and the notion that social factors are increasingly critical for corporate valuation, aligning with global trends in sustainability disclosure.
👥 読者別の含意
🔬研究者:Highlights the need to isolate social disclosure effects in ESG studies, especially in emerging markets.
🏢実務担当者:Energy companies should prioritize social disclosure to enhance reputation and market value.
🏛政策担当者:Regulators may consider mandating social disclosure alongside environmental and governance reporting.
📄 Abstract（原文）
A sustainability report is a key tool for corporate accountability, communicating a company’s performance and value to stakeholders. This study investigates the role of such reports, specifically examining how their economic and ESG (Environmental, Social, and Governance) disclosures influence company value. This study extends previous ESG research by isolating the social dimension as the primary driver of firm value in Indonesia’s energy sector. The research utilized data from energy sector companies listed on the Indonesia Stock Exchange from 2021 to 2023. A purposive sampling method was used, yielding 102 observational samples. The data were analyzed using multiple linear regression in EViews 12 to test the associations. The analysis revealed that economic, environmental, and governance disclosures individually do not have a significant effect on company value. In contrast, social disclosure was found to exert a significant positive influence. Furthermore, the simultaneous effect of all ESG and economic dimensions was significant. This indicates that while social factors are individually critical, the integrated reporting of all dimensions jointly impacts value. For energy companies facing significant social challenges, disclosing social performance is crucial. It not only strengthens legitimacy but also directly enhances market value by improving reputation, fostering consumer loyalty, and building stronger community relations.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.33395/owner.v10i1.2853first seen 2026-05-14 22:33:31
🔔 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。