ジェンダー多様性、ESGパフォーマンス、投資効率：サウジアラビアからの証拠
Gender Diversity, ESG Performance, and Investment Efficiency: Evidence from Saudi Arabia (原題)
Belal Ali Abdulraheem Ghaleb
🤖 gxceed AI 要約
日本語
サウジアラビア上場企業を対象に、ESGパフォーマンスと投資効率の関係を分析。ESGスコアが高い企業は過剰投資の傾向があるが、取締役会のジェンダー多様性がその関係を弱めることを発見。Vision 2030下の新興市場におけるESGとコーポレートガバナンスの知見を提供。
English
This study analyzes the relationship between ESG performance and investment efficiency among Saudi listed firms. It finds that higher ESG scores are associated with overinvestment, but board gender diversity moderates this effect. Provides evidence from an emerging market undergoing institutional reforms under Vision 2030.
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、ESG投資とコーポレートガバナンス改革が進む中、取締役会の多様性がESG戦略の有効性に与える影響は示唆に富む。ただし、サウジアラビア特有の文脈であり、日本企業への直接適用には注意が必要。
In the global GX context
This paper contributes to the global ESG literature by examining the moderating role of board gender diversity in the ESG-investment efficiency nexus, offering insights for emerging markets and institutional reforms. It complements global discussions on ESG and corporate governance.
👥 読者別の含意
🔬研究者:ESGと投資効率の関係におけるジェンダー多様性の調整効果に関する実証的知見を提供。
🏢実務担当者:取締役会の多様性がESG戦略の有効性に影響する可能性を示唆。
🏛政策担当者:新興市場におけるESGとガバナンス改革の相互作用に関する示唆。
📄 Abstract（原文）
This study examines the relationship between environmental, social, and governance (ESG) performance and investment efficiency and investigates whether board gender diversity moderates this relationship among Saudi listed firms. Using a sample of non-financial companies listed on the Saudi Stock Exchange (Tadawul) with available ESG scores over the period 2015–2023, the study employs panel regression analysis to assess the impact of ESG performance on investment efficiency. The findings indicate that higher ESG performance is associated with a greater tendency toward overinvestment rather than improved investment efficiency. However, board gender diversity significantly weakens this relationship, indicating a moderating effect of female board representation. The results remain robust across alternative specifications. This study advances to the ESG and corporate governance literature by providing empirical evidence from Saudi Arabia, an emerging market undergoing significant institutional reforms under Vision 2030 and highlights the importance of board gender diversity in improving the effectiveness of firms’ sustainability strategies.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.3390/ijfs14080220first seen 2026-08-20 05:27:40 · last seen 2026-09-20 05:15:57
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