Audit Committee and ESG Disclosure Quality: The Moderating Role of Female CEO Leadership
監査委員会とESG開示の質：女性CEOリーダーシップの調整効果 (AI 翻訳)
Mutalib Anifowose, Manirul Islam, Md Yousuf Ali, A.T.M. Enayet Karim
🤖 gxceed AI 要約
日本語
本研究は、S&P500企業の2010〜2023年のパネルデータを用いて、監査委員会の有効性がESG開示の質に与える影響と、女性CEOによる調整効果を検証。監査委員会の属性が強いほどESG開示スコアが高く、特に環境・社会側面で顕著。女性CEOはその効果を増幅する。固定効果とSystem GMMで頑健性を確認。
English
Using S&P 500 panel data (2010-2023), this study finds that stronger audit committee attributes improve ESG disclosure quality, especially in environmental and social dimensions, and that female CEO leadership amplifies this effect. Robust to fixed-effects and System GMM estimations.
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開示基準の適用が迫る中、監査委員会の役割とESG開示の質の関係は、今後の有報・統合報告書の充実に示唆を与える。女性CEOの調整効果は、日本企業の多様性推進と開示品質向上の関連を考える上で参考になる。
In the global GX context
This study contributes to global ESG governance literature by linking internal oversight (audit committees) with leadership diversity (female CEO) to disclosure quality. It offers insights for boards and policymakers under ISSB/CSRD frameworks, emphasizing governance mechanisms to enhance transparency.
👥 読者別の含意
🔬研究者:Provides empirical evidence on governance determinants of ESG disclosure quality, useful for extending research in other contexts.
🏢実務担当者:Highlights the importance of audit committee effectiveness and leadership diversity for improving ESG reporting.
🏛政策担当者:Suggests that governance attributes and diversity can be leveraged to enhance ESG transparency, informing regulatory guidance.
📄 Abstract（原文）
ABSTRACT ESG reporting is widespread among large public firms, yet the extent and completeness of these disclosures vary widely, raising concerns about transparency and comparability. Drawing on Stakeholder Theory and Resource Dependency theory, this study examines how audit committee (AC) effectiveness influences ESG disclosure quality (ESGDQ) and whether female CEO leadership moderates this relationship. Using panel data on S&P 500 firms from 2010 to 2023, we find that stronger AC attributes are associated with higher ESG disclosure scores, particularly in the environmental and social dimensions. Moreover, female CEO leadership amplifies the positive effect of effective ACs on ESGDQ. These findings are robust across firm fixed‐effects and System GMM estimations that address unobserved heterogeneity and endogeneity concerns. Overall, this study contributes to ESG governance research by integrating internal oversight mechanisms with executive leadership and offers practical insights for boards and policymakers seeking to enhance ESG transparency through effective governance and leadership diversity.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1002/bse.71420first seen 2026-08-12 04:56:46
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