Proactive Accounting Disclosure about Climate Change and Credit Ratings Firms: The Modifying Role of Accounting Earnings Quality
気候変動に関する積極的な会計開示と信用格付機関：会計利益の質の調整的役割 (AI 翻訳)
Esam O. Elharon, Noora A. Hassan, Ahmed Z. Metwally
🤖 gxceed AI 要約
日本語
本稿は、気候変動に関する積極的な会計開示が信用格付けに与える影響を、会計利益の質の調整効果に焦点を当てて検討する。利益操作のリスクを指摘し、四半期報告など中間報告の重要性を強調。開示の透明性向上が信用格付けの改善につながると結論づける。
English
This paper examines how proactive climate change disclosure affects corporate credit ratings, with a focus on the moderating role of accounting earnings quality. It highlights the risks of earnings management and advocates for more frequent interim reporting. The study concludes that transparent disclosure can enhance credit ratings and reduce financing costs.
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が気候開示基準を策定し、企業のTCFD対応が進む中、本稿の議論は開示の質と信用格付けの関連性を示唆し、資金調達コスト低減に寄与する可能性がある。
In the global GX context
This paper contributes to global discourse on the financial implications of climate disclosure, aligning with ISSB and CSRD frameworks. It provides a conceptual link between disclosure quality, earnings management, and credit ratings, relevant for regulators and rating agencies.
👥 読者別の含意
🔬研究者:Provides a conceptual framework for studying the interaction between climate disclosure, earnings quality, and credit ratings.
🏢実務担当者:Corporate sustainability teams can use these insights to advocate for transparent climate reporting to potentially improve credit ratings.
🏛政策担当者:Regulators may consider the role of earnings quality when designing climate disclosure mandates.
📄 Abstract（原文）
This paper investigates the role of proactive accounting disclosure on climate change and its influence on the quality of accounting earnings and corporate credit ratings. Rising environmental costs due to climate change require companies to embed environmental strategies into their operations and disclose related information timely and transparently. The study emphasizes shifting from annual to interim financial reporting to provide more predictive and relevant information for investors, creditors, and other stakeholders. It also examines how earnings management—through accrual-based and real activities—impacts reported profits and, consequently, credit ratings. Managers often manipulate earnings to maintain or improve credit ratings, which affect borrowing costs, investor confidence, and market value. The global credit rating market is primarily dominated by Moody’s, Standard & Poor’s, and Fitch, agencies that place significant weight on accounting disclosure quality. Moreover, proactive and voluntary climate change disclosures enhance corporate transparency and legitimacy, helping firms communicate risks, demonstrate environmental responsibility, and gain competitive advantages. Improved disclosure quality increase’s earnings reliability, ultimately benefiting credit ratings. The paper concludes that proactive financial and environmental reporting is essential for companies to effectively manage climate-related risks, meet stakeholder information needs, and sustain favourable credit ratings. These practices help firms increase market value, reduce financing costs, and strengthen resilience in a competitive and environmentally conscious business environment. Keywords: Accounting Disclosure – Climate Change – Credit Ratings – Earnings Quality
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.56830/ijams01202602first seen 2026-05-15 18:42:01
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