Peer Review Report For: FinTech Adoption and ESG Disclosure in Corporate Valuation: Intellectual Capital and Financial Performance Effects on Dividend Policy and Firm Value [version 3; peer review: 1 approved, 1 approved with reservations]

日本語

本稿はFinTech採用とESG開示が企業価値に与える影響を、知的資本と財務業績の媒介効果を通じて検討する査読報告書である。査読結果は1件承認、1件条件付き承認であり、実証分析の頑健性と理論的枠組みの明確化が課題とされる。ESG開示の企業価値への影響を金融技術の観点から分析する点で、GX分野の開示研究に示唆を与える。

English

This peer review report evaluates a study on how FinTech adoption and ESG disclosure affect firm value, mediated by intellectual capital and financial performance. The review outcome is one approval and one approval with reservations, highlighting the need for robust empirical analysis and clearer theoretical framing. It contributes to GX disclosure research by linking financial technology to ESG valuation.

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、ESG情報の開示が企業価値評価にどう結びつくかは投資家対応の重要論点。FinTech活用による開示の効率化やデータ連携は、今後の有報・統合報告書の実務に示唆を与える。

In the global GX context

Globally, as ISSB and CSRD frameworks mature, understanding how ESG disclosure interacts with financial performance and firm value is critical. This paper's focus on FinTech adoption offers a novel angle on disclosure infrastructure and its valuation effects, relevant to ongoing debates on ESG materiality and digital reporting.