GX & Decarbonization Research

Dukyuen Han

This paper analyzes the convergence patterns of ESG disclosure among Asian banks. It finds that while disclosure formats converge, substantive content remains dispersed, and discusses implications for regulation and market pressure.

Rizki Risdianto, Susi Susilawati, Ridwan Saleh +2

This study examines the effects of ESG disclosure, intellectual capital, and environmental costs on firm value, and tests profitability as a moderating variable. Using panel data from 90 Indonesian listed firms (2021-2024), the regression a…

Ngan Bich Nguyen, Tung Duy Duong, Phuong Ha Thi Ngo +2

This study examines the impact of ESG disclosure on investor reaction using an event study of 61 Asian banks in Malaysia, Japan, Indonesia, India, Taiwan, and China. Results show mostly negative stock price reactions, except Taiwan which ha…

Najma Kamilah Rizkianti, Lena Erdawati

This study examines the impact of ESG disclosure, liquidity, and profitability on firm value in Indonesian food and beverage manufacturing firms from 2020-2024. Using fixed effects regression on 145 firm-year observations, it finds that onl…

Radita Gefi Sulistyawati, Anna Sumaryati, Zaky Machmuddah +1

This study analyzes the impact of ESG disclosure on financial performance (Net Profit Margin) of 48 mining companies listed on the Indonesia Stock Exchange over 2022-2024, using Moderated Regression Analysis. Results show that environmental…

Radita Gefi Sulistyawati, Anna Sumaryati, Zaky Machmuddah +1

This study analyzes the impact of ESG disclosure on the financial performance (Net Profit Margin) of mining companies listed on the Indonesia Stock Exchange. The results show that environmental and social disclosures have a significant posi…

Yureza Rian Wibowo, Etty Gurendrawati, Gatot Nazir Muhammad

This study examines the effect of ESG disclosure and risk management on firm value using balanced panel data from 272 ASEAN public companies (2020-2024). Panel data regression with FEM shows ESG disclosure positively and significantly affec…

C G Mishra, Dr. CA Amar Kumar Behera

This study examines the impact of ESG disclosure on financial performance and firm valuation of Indian listed companies, focusing on the mandatory BRSR framework. Using 3,690 firms from 2018-2024, it finds that mandated disclosure enhances …

Jinlong Li

This study examines whether ESG rating disagreement undermines firms' ESG performance under China's mandatory ESG disclosure. Using panel data of Chinese A-share firms from 2018-2023, it finds a robust negative association between ESG ratin…

Shanshan Yue, Xue Lei, Husni Samara +2

This study examines how board educational diversity influences ESG disclosure among Chinese A-share listed firms from 2014 to 2023. Using Bloomberg ESG scores, it finds that educationally diverse boards are positively associated with overal…

Azamatjon Tursuntoshev

This paper examines the impact of ESG disclosure on firm performance in the Middle East and Africa (MEA) region. It suggests that higher disclosure quality may improve firm performance, while also highlighting region-specific factors to con…

Mirza Fahim Ahmed, Khadiza Khatun Tumpa, Md. Amanullah +1

This study examines the effect of ESG disclosures (ESGD) on financial distress, with profitability (ROA) as a moderator, using panel data from 156 Bangladeshi pharmaceutical and chemical firms (2019-2024). Results show ESGD significantly re…

Tito IM. Rahman Hakim, Erfan Muhammad, Frida Fanani Rohma +3

This study examines the impact of ESG and integrated reporting (IR) on firm value, moderated by audit committee characteristics and auditor tenure, in ASEAN-5 carbon-intensive sectors (mining and property) from 2021-2023. Using panel data r…

P. P. Utomo, Eny Maryanti

This study examines the effect of ESG disclosure on firm value, with leverage as a mediating variable and financial reporting quality as a moderating variable. Using data from Indonesian firms, it empirically investigates whether ESG disclo…

Shukai Zhan

This study examines the impact of ESG-related disclosure events on the stock valuation of BYD, a leading Chinese NEV company, using an event study approach in R. It identifies events from CNINFO announcements and third-party ESG rating upda…

Wei Cai, Yanqi Sun, Cheng Xu +2

Using panel data from 4,065 Chinese A-share firms (2009-2021), this study finds that ESG rating disagreement significantly increases stock liquidity. Analyst attention and research reports mediate this effect, and the relationship is strong…

Delane D. Naidu

This study examines the effect of ESG disclosure on credit risk for South African firms. Using data from 2017-2023, it finds that higher disclosure lowers probability of default and improves credit model scores, but does not affect cost of …

Qirun Chen

This paper examines the impact of ESG ratings on IPO pricing efficiency in the US market. It finds that ESG disclosure can reduce underpricing by alleviating information asymmetry and boosting investor confidence, but greenwashing and ratin…

Shami, Anis

This paper analyzes the impact of non-financial reporting frameworks and double materiality (DM) on ESG ratings using annual reports of 366 European listed companies from 2020-2022. Findings show that adoption of reporting frameworks is ass…

null Simona Heseková

This paper argues that the credibility of ESG ratings is crucial for their use in financial markets and positively assesses the EU regulation 2024/3005 for enhancing transparency. It confirms that industry classification influences rating m…