GX & Decarbonization Research

Hanaa Hussein Ali

This study analyzes the impact of ESG scores on financial risk (Altman's Z-score) for 17 non-financial firms in Egypt's S&P EGX/ESG index using FD-GMM, FOD-GMM, and Sys-GMM. The FOD-GMM model proved most effective for small samples, showing…

Ervina Vania Wijaya, L. Tjun

This study analyzes the impact of ESG performance on financial performance using panel data from 46 banks across five ASEAN countries (2021-2024). Results show a positive and significant effect of ESG disclosure on profitability, suggesting…

Sina Belkhiria, Imen Bouchmel, Azhaar Lajmi +1

Using survey data from 55 Tunisian firms, this study constructs a PCA-based composite ESG index aligned with the Tunis Stock Exchange framework and analyzes firm-level determinants of ESG engagement. Governance and social practices are rela…

Clara Octavia Sitorus, Wahdan Arum Inawati

This study analyzes the effect of ESG disclosure and political connections on firm value using panel regression on 29 Indonesian non-financial firms (2019-2023). ESG disclosure and political connections jointly affect firm value, but only e…

Rahma Wijayanti, Oryza Ardhiarisca, Berlina Yudha Pratiwi +1

This systematic review synthesizes 41 studies to map how cultural values shape ESG practices, identifying five influence pathways including board culture and national traditions. It highlights culture as informal governance affecting disclo…

Muhammad Atif Raza, Muhammad Naveed

Using a panel of 95 Pakistani firms across three crises (energy shock, COVID-19, FX/hyperinflation), this triple-DDD study finds sector sign-reversal: high-governance financial firms expand ESG disclosure during crises, while non-financial …

В. Є. Онищенко

This paper proposes a conceptual framework integrating ESG marketing, accounting, reporting, and assurance, viewing sustainability information as a strategic resource. It aims to reduce fragmented information flows and risks of information …

Sofiyatur Rohmah, Novi Darmayanti, Isnaini Anniswati Rosyida

This study examines the impact of financial distress and ESG disclosure on tax avoidance, with audit quality as a moderator, for Indonesian non-cyclical consumer firms from 2020-2024. Panel regression finds no significant effects, suggestin…

Fitri Nurhayati, Rofiqah Wahdah, Yanuar Bachtiar +2

This study analyzes the impact of carbon emission disclosure, green innovation, eco-efficiency, and ESG on firm value (Tobin's Q) for Indonesian energy firms, with corporate governance as a moderator. Panel regression shows carbon disclosur…

Apriandhy Wahyu

This study examines the impact of environmental, social, and governance (ESG) disclosures on stock returns, and the moderating role of audit quality, for LQ45 Index companies in Indonesia. Findings show environmental disclosure has no signi…

Abdullah Kursat Merter, Y. S. Balcıoğlu, Tuğba Arslanoğlu Karakaya

This study analyzes the impact of board-level sustainability committees, GRI adoption, and external assurance on ESG scores for BIST Sustainability Index firms. Using fixed-effects panel regression, it finds positive effects, with multinati…

Fajar Sholachuddin, S. Andayani

This study examines the effect of ESG disclosure and sustainability committee on firm value for 26 Indonesian energy companies (2022-2024). Using multiple regression, it finds ESG disclosure negatively affects firm value, while sustainabili…

Research Author

This paper provides an overview of the evolving legal framework for ESG compliance, analyzing international initiatives (SDGs, Paris Agreement, GRI, ISSB) and Indian regulations (SEBI, BRSR). It identifies challenges such as greenwashing an…

Annisa Pujijayanti, Dwi Urip Wardoyo

This study examines the association between ESG pillar scores and ROA for 13 Indonesian Kompas 100 firms under OJK sustainability reporting rules. Panel regression shows no significant ESG pillar effects, while firm age is positively associ…

Christian Hwee Yee Heng, Hanifah Khalilah

This study examines ESG scores among Indonesian listed companies, potentially analyzing disclosure patterns and firm characteristics. Details are limited due to lack of abstract.

Gabrina Nathania

This study analyzes 69 firm-year observations of Indonesian energy companies to examine the effects of eco-efficiency, sustainability reporting, and corporate governance on firm value. Using regression and path analysis, it finds that eco-e…

John Brigham S Hombrebueno, Kayre Kyeen V Cabrera, Cyrus Allen R Ponio +2

This paper examines accounting students' behavioral influences and perceived intentions toward sustainability reporting, suggesting implications for education and future reporting practices.

Putu Putri Risma Wandansari, Lalu Hamdani Husnan, Siti Aisyah Hidayati

This study analyzes 18 Indonesian mining firms (2019-2024) to examine how ownership structure (institutional, managerial, family) affects sustainability report disclosure, with profitability as a mediator. Institutional and managerial owner…

Jaime F. Lavín, Paulo Buchuk, Mauricio A. Valle +1

Using panel data of Chilean listed firms (2015-2022), this study examines the association between voluntary ESG disclosure pillars and cost of debt. Environmental and governance disclosures are consistently associated with lower debt costs,…

Rintan Nuzul Ainy, Navaya Helena, Lu’lu’ Nafiati

Analyzing 32 Indonesian ESG-listed firms with PLS-SEM, this study finds that green innovation significantly increases firm value, while carbon emission disclosure significantly decreases it, and eco-efficiency has no effect. Environmental p…