Non-financial KPIs as Indicators of Future SDGs: Empirical Study by Global Data

2023 Fiscal Year Final Research Report

• Project/Area Number: 19K02026
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Review Section: Basic Section 07100:Accounting-related
• Research Institution: Waseda University
• Principal Investigator: Oshika Tomoki 早稲田大学, 商学学術院, 教授 (90329160)
• Co-Investigator(Kenkyū-buntansha): 阪 智香 関西学院大学, 商学部, 教授 (10309403)
• Project Period (FY): 2019-04-01 – 2024-03-31
• Keywords: 非財務情報 / サステナビリティ情報 / サステナビリティ関連財務情報 / 統合報告 / 実証分析 / ISSB

Outline of Final Research Achievements

In this research project, we have examined the disclosure of non-financial information, which has been rapidly institutionalized and standardized in recent years. For example, the International Sustainability Standards Board (ISSB), which aims to improve the decision-making usefulness of financial capital providers, has been founded during our research period.
Our research findings include: 1. We empirically found that firms which try to engage tax avoidance behavior has less sustainability, 2. We visualized the corporate ESG information disclosure performance and the relationship between ESG information disclosure records and corporate value using scatter plots and motion charts, 3. We empirically found that firms with high IT-related investments tend to enjoy high corporate value.
We have presented our findings through book publication and conference presentations.

Free Research Field

企業価値評価論

Academic Significance and Societal Importance of the Research Achievements

非財務情報開示に関する基準化・制度化に向けた世の中の動きが、急速に進行している中で、無限ともいえる開示項目の候補の中から、開示すべき非財務情報をエビデンス・ベースで明らかにすることを通じて、情報作成者(企業)の開示負担においても情報利用者(投資家)の解釈負担においても過重とならないような仕組みを提案することにつながる。また、研究者と実務家の役割分担について検討するための材料を提供した。