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Determinants of ESG Disclosure in the Energy Sector: The Influence of Foreign Ownership, ROA, and Firm Size

エネルギーセクターにおけるESG開示の決定要因：外国人所有、ROA、企業規模の影響 (AI 翻訳)

null Ronald Desta Padang, null Retno Indah Hernawati

Proceeding of the International Conference on Management, Entrepreneurship, and Businessプレプリント2025-11-10#ESG対象セクター: energy
DOI: 10.61132/icmeb.v2i2.354
原典: https://doi.org/10.61132/icmeb.v2i2.354

🤖 gxceed AI 要約

日本語

本研究は、2022～2024年にインドネシア証券取引所に上場するエネルギー企業のESG開示に影響する要因を分析した。外国人所有と企業規模はESG開示を有意に促進するが、ROAは有意な効果を示さなかった。正当性理論を支持し、短期的収益性よりも所有構造と規模が重要な決定要因であることを示唆している。

English

This study analyzes factors influencing ESG disclosure among energy firms listed on the Indonesia Stock Exchange from 2022 to 2024. Foreign ownership and firm size significantly enhance ESG disclosure, while ROA has no significant effect. The findings support legitimacy theory, suggesting ownership structure and scale are stronger determinants than short-term profitability.

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

インドネシア市場の実証研究だが、日本企業が海外子会社のESG開示を検討する際、所有構造と規模の重要性を示唆する点で参考になる。

In the global GX context

Provides empirical evidence from an emerging market on ESG disclosure determinants, reinforcing legitimacy theory in the energy sector. Useful for understanding how foreign ownership influences transparency in environmentally sensitive industries.

👥 読者別の含意

🔬研究者:Provides empirical evidence from an emerging market on ESG disclosure determinants, useful for comparative studies.

🏢実務担当者:Foreign ownership and scale matter more than ROA; consider these when strategizing ESG disclosure.

📄 Abstract（原文）

This study examines the influence of foreign ownership, return on assets (ROA), and firm size on environmental, social, and governance (ESG) disclosure among energy sector companies listed on the Indonesia Stock Exchange (IDX) during 2022–2024. The sample was selected through purposive sampling, including firms that consistently published annual and sustainability reports in accordance with the Global Reporting Initiative (GRI) standards. ESG disclosure was measured as the proportion of disclosed GRI indicators to the total applicable indicators. Multiple linear regression analysis shows that foreign ownership and firm size significantly enhance ESG disclosure, while ROA has no significant effect. These results support legitimacy theory, suggesting that companies increase ESG transparency primarily to secure societal acceptance and maintain their social license to operate. In the energy sector, where environmental sensitivity and public scrutiny are high, ownership structure and firm scale emerge as stronger determinants of ESG disclosure than short-term profitability.

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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。