業種別のサステナビリティ開示と財務パフォーマンスの分析：インド企業からの証拠
Industry-wise Analysis of Sustainability Disclosure and Financial Performance: Evidence from Selected Indian Companies (原題)
Navodita Gahlot, Mukesh Verma
🤖 gxceed AI 要約
日本語
インドの自動車・セメント・IT・石油ガス4業種を対象に、2020-21年から2024-25年のサステナビリティ開示水準と財務業績（ROA・ROE）の関係を分析。開示はESG意識と規制により全業種で増加し、ITが開示・財務とも首位。開示と収益性には中程度の正の相関がみられ、開示は業種間で有意差がないが経年で改善することを示した。
English
This study examines sustainability disclosure levels and their link to financial performance (ROA, ROE) across Indian Automobile, Cement, IT and Oil & Gas sectors from 2020-21 to 2024-25. Disclosure rose across all industries driven by ESG awareness and regulation, with IT leading in both disclosure and profitability. Correlation analysis shows a moderate positive link between disclosure and profitability, while ANOVA finds no significant inter-industry disclosure differences but improvement over time.
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
インドのBRSR（事業責任報告）義務化を背景とした開示と財務の関係分析であり、SSBJ基準導入や有報でのサステナビリティ開示拡充を進める日本企業にとって、新興国市場での開示・財務連関の比較材料となる。
In the global GX context
Adds emerging-market evidence to the global disclosure-performance literature, complementing TCFD/ISSB/CSRD research that is dominated by EU and US samples. Useful for understanding how mandatory disclosure regimes (India's BRSR) shape corporate reporting in high-growth economies.
👥 読者別の含意
🔬研究者:開示と財務業績の相関に関する新興国データを提供し、制度設計と企業行動の関係を比較分析する材料となる。
🏢実務担当者:開示拡充が短期的な財務悪化を招くとは限らず、むしろ収益性と整合しうることを示す参考事例。
🏛政策担当者:開示義務化が業種横断的に開示水準を引き上げる一方、財務影響は業種差がある点を制度設計時に考慮すべき。
📄 Abstract（原文）
The rising focus on environmental, social and governance (ESG) practices has heightened the significance of sustainability disclosure in corporate reporting. This research examines sustainability disclosure levels and their correlation with financial performance in selected Indian industries from 2020-21 to 2024-25. Focusing on Automobile, Cement, Information Technology and Oil and Gas sectors, the study uses a Sustainability Disclosure Index (SDI) and financial metrics like Return on Assets (ROA) and Return on Equity (ROE). Employing descriptive statistics, correlation analysis and One-Way ANOVA, the findings show increased sustainability disclosure across industries, driven by ESG awareness and regulations. The IT sector leads in disclosure and financial performance. ANOVA results indicate disclosure doesn't significantly vary across industries but improves over time while financial performance shows inter-industry differences. Correlation analysis reveals a moderate positive link between sustainability disclosure and profitability suggesting better disclosure often aligns with better financials. The study concludes sustainability disclosure is integral to Indian corporate reporting contributing to long-term sustainability with varying immediate financial impacts.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.62823/jcecs/12.03.9397first seen 2026-09-24 05:02:46 · last seen 2026-09-29 05:17:19
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