GX & Decarbonization Research

R. Heru Kristanto HC, Nilmawati Nilmawati, Raden Hendry Gusaptono +1

Using 20 listed Indonesian banks over five years (100 firm-year observations), this study tests whether ESG disclosure affects ROA, Tobin's Q, and intellectual capital efficiency (VAIC) via fixed-effects panel regression and mediation analy…

Olivia Hasifah, Siti Aisjah

Using multiple regression on six Indonesian energy firms (2019–2023), this study tests how ESG disclosure, green innovation, and profitability (ROA) affect firm value. ESG disclosure and profitability significantly raise firm value, while g…

Saifullah Saifullah, Nafi’ Inayati Zahro, Alfiyani Nur Hidayanti

Using 140 observations from 28 Indonesian consumer non-cyclical firms (2020–2024), this study tests how sustainability report disclosure, environmental performance, capital structure, and ESG disclosure affect firm value, with firm size as …

Alfiana Wanda Lestari, Harjanti Widiastuti

Using 2022–2024 data from energy firms listed on IDX and Bursa Malaysia, this study tests whether sustainability reports mediate the effects of CEO power and corporate reputation on firm value. CEO power and reputation raise firm value, but…

Jamiu Bashir, Lawan Yahaya, Shittu Oladipupo Ibrahim

Using panel data from 43 Nigerian listed manufacturers (2014–2024), this study finds that environmental, social, and governance disclosures each positively and significantly affect ROA and ROE. Board independence also improves performance a…

Huda Ameen Oleiwi, Mundher Abbas Shaalan

This narrative review of 46 peer-reviewed articles (2016-2026) examines how environmental accounting improves sustainability reporting quality. It identifies trends such as integration with GRI and ISSB, AI/digital tools for environmental m…

Ibrahim Alnohoud, Sajead Mowafaq Alshdaifat, Safaa Ahmad +2

Using 590 firm-year observations from Jordanian listed firms, this study examines how sustainability reporting disclosure relates to earnings management. Higher disclosure is significantly associated with lower accrual-based earnings manage…

Hengky Reynaldi Chan, Fanji Farman

Using 23 firms (69 observations) consistently listed in Indonesia's ESG Sector Leaders IDX KEHATI index (2022–2024), this study tests board gender diversity (BGD) and independent audit committee (IAC) effects on CSR disclosure via panel reg…

Agustin Palupi, Elisabeth Tri Aryanti Istimawani

Using 324 Indonesian manufacturing firm-years (2023–2025), this study examines ESG disclosure, governance, and firm value with tax avoidance as a mediating channel. Board independence directly raises firm value, while ESG disclosure, board …

Seungju Choi, Fabrizio Ferri, Daniele Macciocchi

Using a quasi-experiment, the authors test whether mutual fund investors react to purely mechanical changes in ESG ratings. A mechanical rating upgrade raises the probability of selection by ESG funds (extensive margin), but holdings of exi…

Cash D.

This paper critically frames sustainable finance ratings as the latest symptom of a broader 'rating addiction' in financial markets. It argues that over-reliance on ESG ratings distorts investor judgment and corporate behavior, raising gove…

Jiang Z.

An empirical study examining how ESG indicators affect corporate financial performance. It links ESG evaluation to financial outcomes, with implications for investors and disclosure practice. No abstract is available, so data and methods re…

Hung The Dinh, Tuệ Minh Phạm, Vân Bích Nguyễn

This study examines how ESG disclosures affect individual investors' decisions in Vietnam's stock market, integrating TPB, Signaling, and Legitimacy theories. Using PLS-SEM on 412 investors across HOSE, HNX, and UPCoM, it finds all ESG dime…

A. Susbiyani, Ari Sita Nastiti, Astrid Maharani

This study examines whether financial performance and foreign ownership affect ESG disclosure, and tests green innovation's moderating role. Using 84 observations from Indonesian ESG Leaders Index and SRIKEHATI Index firms (2021-2024), it f…

Chrisnando Marshall Tambunan, Wukuf Dilva Rafa, Syarif M. Helmi

Analyzing 18 Indonesian transportation and logistics firms (2020–2024) via Moderated Regression Analysis and the Beneish M-Score, this study finds only opportunity and executive arrogance directly drive financial statement fraud. Sustainabi…

Veronica Prisacaru, Marian Jalencu

This study examines the regulatory framework of sustainability reporting and empirically assesses how far gender and social dimensions are reflected in reports. It finds firms increasingly treat gender equality and social transformation as …

Nida Garnida Fitrianti, Anggun Yolistina, Zaenal Aripin

A mixed-methods study of 50 listed firms (2015-2023) links sustainability reporting to financial performance. ESG scores correlate positively with ROA, ROE and EPS, with environmental initiatives (carbon reduction, resource efficiency) driv…

Dr. Hannah L. Mercer

This paper examines environmental accounting and sustainable business reporting from a contemporary accounting perspective. It traces accounting's evolution from transaction recording to a broader information and accountability system servi…

Ratna Purnama Sari, Silvia putri Ramadhani, Tri Siwi Nugrahani +1

Using multiple regression on 18 Indonesian energy firms (2020-2024), this study tests how ESG disclosure, firm size, and leverage affect firm value. ESG disclosure and firm size show positive effects, while leverage has no significant impac…

Rifky Ramandha, Ghazali Syamni, Darmawati Muchtar +1

Panel regression on 45 Indonesian listed banks (225 observations, 2020–2024) examines how ESG disclosure, ROA, and DER affect firm value (PBV). ESG disclosure and ROA show significant negative effects, while DER is positive; the model expla…