Stakeholder engagement as an ethical system for carbon accountability: evidence from Indian firms
ステークホルダー・エンゲージメントを炭素説明責任の倫理的システムとして：インド企業からの証拠 (AI 翻訳)
Santi Gopal Maji, Meghna Bharali Saikia
🤖 gxceed AI 要約
日本語
本研究は、インドのBSE上場企業146社を対象に、ステークホルダー・エンゲージメント（SE）が炭素パフォーマンス（CP）に与える影響を分析し、企業価値が部分的な媒介効果を持つことを発見した。SEを動的ケイパビリティとして捉え、GRIフレームワークに基づくコンテンツ分析でSEを測定する新規性がある。内部ガバナンスと外部気候ガバナンスの調整効果も検証している。
English
This study analyzes the impact of stakeholder engagement (SE) on carbon performance (CP) for 146 BSE-listed Indian firms, finding a positive relationship partially mediated by firm value. It proposes SE as a dynamic capability and uses a novel content analysis based on the GRI framework. It also examines moderating effects of internal and external climate governance.
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開示が始まり、ステークホルダーとの対話を通じた炭素情報開示の重要性が高まっている。本研究は、SEが企業価値と炭素パフォーマンスを向上させる実証的根拠を提供し、日本企業の統合報告書や有報での情報開示戦略に示唆を与える。
In the global GX context
This study contributes to global disclosure scholarship by empirically linking stakeholder engagement to carbon performance, relevant to ISSB and CSRD frameworks that emphasize stakeholder perspectives. It offers evidence from an emerging market, broadening the geographical scope of carbon accountability research.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the SE-CP link and a novel GRI-based content analysis method for measuring stakeholder engagement.
🏢実務担当者:Highlights the strategic value of stakeholder engagement for improving carbon performance and firm value, informing sustainability strategy.
🏛政策担当者:Offers insights for designing climate policies that encourage stakeholder engagement as a mechanism for corporate carbon accountability.
📄 Abstract（原文）
Purpose This paper aims to investigate the impact of stakeholder engagement (SE) on the carbon performance (CP) of select Indian companies and explores the mediating role of firm value in this relationship. Design/methodology/approach This study examines a sample of the top 146 BSE-listed firms from 2018–19 to 2022–23, using the system generalised method of moments model. A robustness check is conducted using the market-to-book ratio as an alternative measure. Findings The findings reveal a positive relationship between SE and CP, which is partially mediated by firm value. This suggests that firms engaging with stakeholders improve their environmental performance while enhancing their market value. Practical implications The results highlight the importance of integrating SE as a core strategy for reducing carbon emissions. Firms can leverage stakeholder interactions to establish internal carbon standards, driving sustainability efforts. Social implications This study highlights that effective SE enhances corporate commitment to environmental sustainability. The findings offer policymakers and regulators valuable insights for developing effective climate change policies. Originality/value This study proposes SE as a dynamic capability of a firm that enhances FV. Furthermore, this study uses a novel content analysis approach to measure the primary variable of interest, namely, SE, based on the global reporting initiative (GRI) framework. Further, four contingent factors examining the impact of internal governance and external climate governance on the SE–CP link have been studied.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1108/ijlma-03-2026-0101first seen 2026-08-16 04:51:56
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