Putu Permana Bagiada

Mandatory Sustainability Reporting and Financial Tail-risk in Indonesia

Ni Luh Rosinta Yogantari, Putu Permana Bagiada, Luh Sri Marlina & Muhammad Rafi Bakri · Asian Journal of Economics, Business and Accounting · 2026

Background: Mandatory sustainability reporting under Indonesia’s OJK Regulation 51/2017 is expected to reduce information asymmetry through greater ESG transparency. However, evidence on its effectiveness in reducing financial risk among emerging-market financial firms remains mi...