GX & Decarbonization Research

Dede Yusuf Maulana, Aditya Bayu Kusuma, Istikomah Istikomah +2

This study analyzes the effect of carbon emission disclosure and environmental performance on the cost of debt for Indonesian coal companies, with profitability as a mediating variable. Findings show carbon disclosure significantly affects …

I. Guzov, Zhuldyz R. Babaeva

This paper examines the theoretical and institutional development of sustainability ratings amid growing regulatory pressure on non-financial reporting. It identifies methodological fragmentation due to diverse criteria, scoring scales, and…

Muhammad Masood Awan, S. Sharif

This paper assesses financial and non-financial risks of cement companies in Pakistan, including ESG compliance and corporate governance. It creates a scoring model to help investors evaluate risk.

Shankari Mohanakrishnan

This study introduces a multi-stage AI model using LightGBM and ensemble learning for borrower risk profiling and loan portfolio optimization, integrating multi-source data including ESG metrics. With SHAP and LIME for explainability, it ac…

J. Nair, C. Gounder, Shilpa Peswani

Using data from Indian banks, this study examines the impact of ESG disclosures on non-performing loan ratios. It finds that aggregate ESG disclosures significantly reduce NPLs, with governance indicators having the strongest effect, while …

Jing Deng, Zhang Yaowu, Jinhang Deng

Using data from Chinese listed home appliance firms (2014-2021), this study empirically examines drivers and consequences of corporate greenwashing. Larger and older firms are more likely to greenwash, while state-owned enterprises are less…

Abhishek Kanoor

This study examines whether the performance effects of board gender diversity are conditioned by director nationality and generational cohort in Saudi Arabia post-Vision 2030. Using a panel of 152 Tadawul-listed firms (2017–2023), it finds …

C. Rahayu, Anni Aryani

This systematic literature review of 60 articles analyzes the relationship between financial and non-financial variables in corporate sustainability. It finds that non-financial factors (green leadership, sustainability accounting, ESG disc…

János Kálmán

This article develops a conceptual framework linking regulatory dimensions (clarity, supervisory consistency, innovation facilitation) with systemic risk transmission channels (market concentration, data/model risk, regulatory arbitrage, gr…

Christie Azour

This paper demonstrates AI's effectiveness in ESG investing. AI processed ESG documents 1,200 times faster than humans, reduced rating divergence by 34%, detected greenwashing with 83% accuracy, identified climate risks 8-14 months earlier,…

Marian Tripak, N. Shevchuk

This paper proposes an institutional model linking corporate governance quality to financial transformation of agricultural companies entering international capital markets. Using Ukrainian firms listed on London and Warsaw exchanges, it sh…

Nabilah Az-Zahra Zhafira, Yulia Sindi Sari, Irmadela Nindyadiasti Rizkika Fitriani +3

This study unbundles corporate governance into four functional pillars and examines their distinct regional impacts on ROA using 14,776 firm-year observations from 53 countries (2020-2024). Panel regression reveals that accounting governanc…

Radina Modjaningrat, S. Bahri

This study examines the influence of environmental performance and sustainability reporting disclosure on firm value, with profitability as a moderator, for consumer goods manufacturers on the Indonesia Stock Exchange. Environmental perform…

Hasan Talaş, E. Gök, Özen Akçakanat +4

This study uses tree-based machine learning on 428 Turkish non-financial firms to show that ESG and governance signals provide statistically significant additional information for predicting ROE beyond traditional financial ratios. Random F…

Cristina Caro-González, Daniel Jato-Espino, Yudith Cardinale

This systematic review of 64 studies on integrating ESG factors into financial risk prediction finds that traditional econometrics still dominate (48%), but ML (39%), NLP (8%) are growing. ML models, especially ensemble methods and neural n…

Chaeyoon Jang, Jongsung Kim

Using the 2023 Venture Business Survey, this study empirically examines the effect of ESG management on venture capital investment. Sales and firm age negatively affect investment attraction, while employee count and intellectual property h…

Qing Shen

Using Chinese A-share commercial circulation firms (2012-2022), this paper empirically examines how ESG performance eases financing constraints and how digital transformation moderates this effect. A one-standard-deviation increase in ESG s…

А.П. Марзаев

This paper analyzes the ESG strategies of Russian gold mining companies Polyus and Polymetal and their impact on sustainable regional development. It finds that both companies act as systemic entities in regional economies, compensating for…

Chen Xu, Batkhuyag Ganbaatar

This study examines the impact of intelligent manufacturing on ESG performance for Chinese A-share listed companies (2015-2023) using two-way fixed-effects panel regression, PSM-DID, and System GMM. It finds that intelligent manufacturing s…

Abdulla Alnahdi, Ahmed Aljefri, Hazaa Altahboush +3

This study empirically demonstrates that ESG risk is negatively correlated with valuation multiples (P/E, P/B, EV/EBITDA) in the energy sector. Using Sustainalytics and Bloomberg data on 50 publicly traded energy companies, it finds that a …