GX & Decarbonization Research

Dwi Kartika, Reni Widyastuti, Febriati Febriati

This study examines how capital structure, free cash flow, and firm size affect firm value for Indonesian industrial firms from 2020-2024, with ESG disclosure as a moderator. Findings show positive effects of capital structure and size, neg…

Alistair Vance, Sora Tanaka, Mateo Benítez +1

This paper proposes a governance framework for sustainable and fair e-commerce, integrating packaging, circular logistics, accessibility, and ESG disclosure with auditable intelligence (AI).

Priya Ray

This paper analyzes India's mandatory ESG assurance framework introduced by SEBI in 2023, requiring third-party reasonable assurance on key ESG metrics. It assesses the legal and regulatory implications, moving ESG disclosure from voluntary…

İsmail Öğütçen, Ümit Yılmaz

This study examines whether ESG rating disagreement predicts corporate greenwashing and how digital transformation (DTI) moderates this via disclosure and performance channels. Using 8,111 firm-year observations of Chinese A-share companies…

Kristina Rudžionienė, Greta Keliuotytė-Staniulėnienė, Rasa Kanapickienė +2

This paper examines the association between ESG disclosure and corporate financial performance across Western European and Central and Eastern European firms using Bloomberg ESG scores from 2013-2024. Results show a negative association wit…

Zhuo Li

This study develops a Pension Fund Disclosure Quality Index (PFDQI) to evaluate ESG disclosure quality of three major East Asian public pension funds (NCSSF, NPS, GPIF) from 2020 to 2025. Using content analysis and sigma-convergence analysi…

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.

Luksi Visita, Chauu The Huu

This study examines how CEO ownership and host-country institutional diversity influence ESG disclosure among US MNEs. Drawing on entrenchment and institutional complexity theory, it hypothesizes conflicting effects reducing disclosure. Usi…

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…

X Zhao, Xiaoyang Yu, Tao Huang +1

This article analyzes voluntary ESG disclosure as a complementary governance tool in Chinese listed companies from a legal perspective. It argues that voluntary disclosure can provide tailored, forward-looking information above a mandatory …

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…

Hieu Thanh Nguyen, Hoa Minh Pham, Anh Thao Nguyen +1

This study examines the relationship between ESG disclosure and corporate tax avoidance among Vietnamese non-financial listed firms (2020-2024). Using panel data regression and machine learning models, it finds that ESG disclosure reduces t…

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 …

Xin Zhao, Yaxin Huo, Hyoungsuk Lee +2

This empirical study examines how customer firms’ ESG performance influences suppliers’ carbon disclosure behavior. It identifies drivers of upstream disclosure in supply chains, revealing the cascading mechanism between ESG ratings and cor…

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…